The latest report by IMARC Group, titled “Gas Analyzer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global gas analyzer market has reached a value of nearly US$ 4 Billion in 2016. Gas analyzers are stationary or portable units which are used for analysing gas; and for measuring the qualitative and quantitative composition of gas mixtures. They are generally fitted with low power consuming and high responsive semiconductor gas sensors. Gas analysers offer various advantages which include safety, accuracy, efficiency and compliance with environment. Currently, they are available in different types such as residual gas analyzer, infrared gas analyzer and orsat gas analyzer.
Highlights of the global gas analyzer market:
- Stringent regulations by various governments remain one of the major factors driving the market growth.
- Oil and gas holds the majority of the market share, representing the leading application segment.
- Asia-Pacific currently represents the largest market for gas analyzer.
One of the major factors catalysing the growth of the global gas analyzer market is the strict legislations and enforcement of health and safety regulations by various governments across the nations. This has resulted in rising consumer awareness about the safety risks of gas emissions and leaks. Apart from this, technological advancements like integration with wireless devices for offering remote-control, real-time monitoring and backing up data logs have also contributed to the growth of the market. Moreover, an expand in explorations of shale gas and tight oil have further strengthened the demand for gas analyzers across the globe. As a result, the global gas analyzer market is expected to reach a value of more than US$ 4 Billion, exhibiting a CAGR of 4% during 2017-2022.
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On the basis of application, oil and gas exhibit a clear dominance in the market, followed by power, chemical, food and beverage, and pharmaceuticals. Region-wise, Asia-Pacific is currently the biggest market for gas analysers owing to the expansion in building and construction applications. Other major markets include North America, Europe, Middle East and Africa and Latin America. Based on imports, China accounts for the majority of the share, followed by the United States, Germany, Republic of Korea, Japan and Chinese Taipei. On the basis of export, Germany holds the largest global share. It is followed by the United States, Japan, China, Republic of Korea, and the United Kingdom. The competitive landscape of the market has also been analysed with some of the key players being ABB, Emersion Electric, General Electric, Figaro Engineering Inc. and Thermo Fishers Scientific.
The report by IMARC Group has examined the global gas analyzer market on the basis of:
Application:
- Oil and Gas
- Power
- Chemical
- Food and Beverages
- Pharmaceutical
Import:
- China
- United State of America
- Germany
- Republic of Korea
- Japan
- Chinese Taipei
Export:
- Germany
- United State of America
- Japan
- China
- Republic of Korea
- United Kingdom
Region:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
Key Players:
- ABB
- Emersion Electric
- General Electric
- Figaro Engineering Inc.
- Thermo Fishers Scientific
Browse related reports:
Gas Meter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022
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