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Gas Analyzer Market Report by Application (Oil and Gas, Power, Chemicals, Food and Beverages, Pharmaceuticals, and Others), and Region 2024-2032

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    Report

  • 148 Pages
  • January 2024
  • Region: Global
  • IMARC Group
  • ID: 5936102
The global gas analyzer market size reached US$ 635.2 million in 2023. The market is projected to reach US$ 1,063.7 million by 2032, exhibiting a growth rate (CAGR) of 5.9% during 2023-2032. The rising focus on optimizing energy usage in industrial applications, the expansion of multinational companies (MNCs) and manufacturing activities, improvements in sensor technologies, data analytics, and real-time monitoring capabilities, and increased public awareness about air quality and its impact on health and the environment are some of the major factors propelling the market.

A gas analyzer is an instrument used to measure the concentration of specific gases in a sample, usually air or emissions. Employed across various industries, such as environmental monitoring, healthcare, automotive, and industrial manufacturing, gas analyzers help in ensuring compliance with regulatory standards and safety protocols. These devices can be highly specialized to detect gases like carbon dioxide, oxygen, methane, or nitrogen oxides. The gas analyzer’s function is based on several techniques including infrared (IR), ultraviolet (UV), and electrochemical sensing. The data generated is crucial for monitoring air quality, optimizing industrial processes, and diagnosing medical conditions, thereby making gas analyzers essential tools in multiple domains.

Innovations in sensor technologies and data analytics are leading to more efficient, accurate, and user-friendly devices, which represents one of the key factors driving the growth of the market across the globe. The market is also driven by the growing public awareness about climate change and air quality which is leading to increased demand for portable and stationary gas analyzers for environmental monitoring. Stricter environmental regulations aimed at controlling air pollution mandate the use of gas analyzers for emissions monitoring, which is significantly driving the demand for gas analyzers. Rapid industrialization, particularly in emerging economies, necessitates the use of gas analyzers to optimize process efficiency and ensure workplace safety. In healthcare, gas analyzers are essential for patient monitoring and respiratory diagnostics, which is contributing to the market growth. Stringent vehicle emission norms require gas analyzers for compliance testing, which is fueling the market growth. The increasing focus on optimizing combustion processes in power plants is creating a positive outlook for the market across the globe.

Gas Analyzer Market Trends/Drivers

Rising regulatory compliance and environmental policies

The implementation of environmental regulations is one of the most significant drivers of the gas analyzer market. Governments and international bodies are setting stringent standards for air quality and emissions across various industries, including manufacturing, automotive, and energy sectors. These regulations mandate regular monitoring and reporting of specific gas concentrations, thus making the use of gas analyzers not just essential but legally required. Gas analyzers enable companies to continuously monitor emissions and ensure that their operations adhere to prescribed limits, which, in turn, is facilitating their utilization across industries.

Significant technological advancements

The incorporation of cutting-edge technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and advanced sensor technologies, is revolutionizing the capabilities of gas analyzers. These advancements are leading to the introduction of devices that are more accurate, user-friendly, and capable of real-time monitoring and data analysis. Improved technologies are also enabling the development of portable gas analyzers that are increasingly being used in field operations and environmental studies.

Rise in diversification of applications across industries

The extensive use of gas analyzers across various sectors is facilitating the market growth. For instance, in the healthcare industry, they are used for respiratory analysis and monitoring anesthesia gases. Moreover, the automotive sector relies on them for emissions testing to meet regulatory standards. Also, environmental agencies utilize them for air quality assessments. Such broadening scope of applications facilitates the demand for gas analyzers, thus making them indispensable tools in a growing array of fields.

Gas Analyzer Industry Segmentation:

The report provides an analysis of the key trends in each segment of the global gas analyzer market report, along with forecasts at the global and regional levels for 2023-2032. The report has categorized the market based on application.

Breakup by Application:

  • Oil and Gas
  • Power
  • Chemicals
  • Food and Beverages
  • Pharmaceuticals
  • Others

Oil and Gas dominates the market

The report has provided a detailed breakup and analysis of the market based on the vaccine type. This includes oil and gas, power, chemicals, food and beverages, pharmaceuticals, and others. According to the report, oil and gas represented the largest segment.

In the oil and gas industry, gas analyzers play a critical role in ensuring operational efficiency, safety, and regulatory compliance. They are used to monitor and analyze the composition of gases at various stages of production, from exploration to refining. For instance, gas analyzers help in detecting the presence of methane, hydrogen sulfide, and other potentially hazardous gases, thereby ensuring the safety of workers and minimizing environmental impact. They are also essential in process optimization, allowing for better control over variables like combustion efficiency in furnaces and boilers. Furthermore, accurate gas composition analysis is vital for quality control in the production of petrochemical products. Regulatory compliance is another key area where gas analyzers are used to monitor emissions and ensure that they are within permissible limits.

Breakup by Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Asia-Pacific exhibits a clear dominance in the market

The report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. According to the report, Asia-Pacific accounted for the largest market share.

In the Asia-Pacific region, rapid industrialization is acting as a major growth-inducing factor for the gas analyzer market. Emerging economies like China and India are experiencing substantial growth in sectors, such as petrochemicals, automotive, and manufacturing, which require robust gas analysis solutions. Stricter environmental regulations are also coming into effect in various countries, necessitating better emission control measures which is contributing to the market growth. Technological advancements in gas analyzers cater to the evolving needs of these industries, which is further propelling the demand for gas analyzers.

Competitive Landscape

Key players in the gas analyzer market are adopting various strategies to maintain or increase their market share. Technological innovation is at the forefront, with companies investing heavily in research and development (R&D) to produce more accurate, reliable, and user-friendly devices. Many firms are focusing on miniaturization and real-time analytics to cater to a broader range of applications, from industrial settings to portable uses for field research. Collaborations and partnerships are also common, as companies look to integrate complementary technologies or expand their geographical reach. Acquisitions and mergers are another avenue that enables companies to rapidly enhance their product portfolios or enter new markets. Firms are also seeking certifications to comply with international quality and environmental standards, reinforcing their commitment to providing value-added products. Companies are increasingly aware of the importance of after-sales services and are offering comprehensive maintenance and calibration services to retain customers. These multifaceted approaches demonstrate the dynamic efforts key players are making to stay relevant and competitive in the gas analyzer market.

Competition Analysis

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
  • ABB Group
  • Emerson Electric
  • General Electric
  • Figaro Engineering Inc.
  • Thermo Fishers Scientific

Recent Developments:

In May 2023, Yokogawa Electric Corporation announced the addition to the OpreX™ Analyzers lineup of a new generation of non-dispersive infrared method (NDIR) gas analyzers that flexibly meet a variety of mounting and operational needs: the IR800G Rack Type Infrared Gas Analyzer, the IR810G Wall and Panel Mount Type Infrared Gas Analyzer, and the IR810S Explosion-protected model Infrared Gas Analyzer (wall mount).

In February 2022, HORIBA, Ltd. launched HyEVO, a hydrogen gas analyzer that enables the continuous measurement of hydrogen concentration in gases.

In September 2021, Sensa Core Medical Instrumentation announced the availability of its flagship Blood Gas Analyzer ST-200CC Blood Gas Analyzers - Ultra Smart for hospitals, clinics, and diagnostics centers through its network in India.

Key Questions Answered in This Report

1. How big is the global gas analyzer market?
2. What is the expected growth rate of the global gas analyzer market during 2024-2032?
3. What are the key factors driving the global gas analyzer market?
4. What has been the impact of COVID-19 on the global gas analyzer market?
5. What is the breakup of the global gas analyzer market based on the application?
6. What are the key regions in the global gas analyzer market?
7. Who are the key players/companies in the global gas analyzer market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Gas Analyzer Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact COVID-19
5.4 Market Breakup by Application
5.5 Market Breakup by Region
5.6 Market Forecast
5.7 SWOT Analysis
5.7.1 Overview
5.7.2 Strengths
5.7.3 Weaknesses
5.7.4 Opportunities
5.7.5 Threats
5.8 Value Chain Analysis
5.8.1 Overview
5.8.2 Research and Development
5.8.3 Raw Material Procurement
5.8.4 Manufacturing
5.8.5 Marketing
5.8.6 Distribution
5.8.7 End-Use
5.9 Porters Five Forces Analysis
5.9.1 Overview
5.9.2 Bargaining Power of Buyers
5.9.3 Bargaining Power of Suppliers
5.9.4 Degree of Competition
5.9.5 Threat of New Entrants
5.9.6 Threat of Substitutes
6 Market Breakup by Application
6.1 Oil & Gas
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Power
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Chemicals
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Food and Beverages
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Pharmaceuticals
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Region
7.1 Asia Pacific
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 North America
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Europe
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Middle East and Africa
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Latin America
7.5.1 Market Trends
7.5.2 Market Forecast
8 Imports and Exports
8.1 Imports by Major Countries
8.2 Exports by Major Countries
9 Gas Analyzer Manufacturing Process
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 ABB
10.3.1.1 Company Overview
10.3.1.2 Description
10.3.1.3 Product Portfolio
10.3.1.4 Financials
10.3.1.5 SWOT Analysis
10.3.2 Emerson Electric
10.3.2.1 Company Overview
10.3.2.2 Description
10.3.2.3 Product Portfolio
10.3.2.4 Financials
10.3.2.5 SWOT Analysis
10.3.3 General Electric
10.3.3.1 Company Overview
10.3.3.2 Description
10.3.3.3 Product Portfolio
10.3.3.4 Financials
10.3.3.5 SWOT Analysis
10.3.4 Figaro Engineering Inc.
10.3.4.1 Company Overview
10.3.4.2 Description
10.3.4.3 Product Portfolio
10.3.4.4 Financials
10.3.4.5 SWOT Analysis
10.3.5 Thermo Fishers Scientific
10.3.5.1 Company Overview
10.3.5.2 Description
10.3.5.3 Product Portfolio
10.3.5.4 Financials
10.3.5.5 SWOT Analysis
List of Figures
Figure 1: Global: Gas Analyzer Market: Major Drivers and Challenges
Figure 2: Global: Gas Analyzer Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Gas Analyzer Market: Breakup by Application (in %), 2023
Figure 4: Global: Gas Analyzer Market: Breakup by Region (in %), 2023
Figure 5: Global: Gas Analyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 6: Global: Gas Analyzer Industry: SWOT Analysis
Figure 7: Global: Gas Analyzer Industry: Value Chain Analysis
Figure 8: Global: Gas Analyzer Industry: Porter’s Five Forces Analysis
Figure 9: Global: Gas Analyzer Market (Applications in Oil and Gas Sector): Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Gas Analyzer Market Forecast (Applications in Oil and Gas Sector): Sales Value (in Million US$), 2024-2032
Figure 11: Global: Gas Analyzer Market (Applications in Power Sector): Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Gas Analyzer Market Forecast (Applications in Power Sector): Sales Value (in Million US$), 2024-2032
Figure 13: Global: Gas Analyzer Market (Applications in Chemical Sector): Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Gas Analyzer Market Forecast (Applications in Chemical Sector): Sales Value (in Million US$), 2024-2032
Figure 15: Global: Gas Analyzer Market (Applications in Food and Beverage Sector): Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Gas Analyzer Market Forecast (Applications in Food and Beverage Sector): Sales Value (in Million US$), 2024-2032
Figure 17: Global: Gas Analyzer Market (Applications in Pharmaceutical Sector): Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Gas Analyzer Market Forecast (Applications in Pharmaceutical Sector): Sales Value (in Million US$), 2024-2032
Figure 19: Global: Gas Analyzer Market (Other Applications): Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Gas Analyzer Market Forecast (Other Applications): Sales Value (in Million US$), 2024-2032
Figure 21: Asia Pacific: Gas Analyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Asia Pacific: Gas Analyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: North America: Gas Analyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: North America: Gas Analyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Europe: Gas Analyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Europe: Gas Analyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Middle East and Africa: Gas Analyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Middle East and Africa: Gas Analyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Latin America: Gas Analyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Latin America: Gas Analyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Gas Analyzer: Import Breakup by Country (in %), 2022
Figure 32: Global: Gas Analyzer: Export Breakup by Country (in %), 2022
Figure 33: Gas Analyzer Manufacturing: Detailed Process Flow
List of Tables
Table 1: Global: Gas Analyzer Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Gas Analyzer Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 3: Global: Gas Analyzer Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 4: Global: Gas Analyzer: Import Data by Country
Table 5: Global: Gas Analyzer: Export Data by Country
Table 6: Gas Analyzer Manufacturing: Raw Material Requirements
Table 7: Global: Gas Analyzer Market: Competitive Structure
Table 8: Global: Gas Analyzer Market: Key Players

Companies Mentioned

  • ABB Group
  • Emerson Electric
  • General Electric
  • Figaro Engineering Inc. and Thermo Fishers Scientific

Methodology

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Table Information