Global Gas Analyzer Market Size, Share & Trends Analysis Report, By Product Type (Fixed and Portable), By Technology (Paramagnetic, Electrochemical, Zirconia, Infrared, and Others), By End-User Industry (Pharmaceutical, Oil and Gas, Energy and Utility, Chemical, Food and Beverage, Water and Wastewater, and Others) and Forecast, 2020-2026
The global gas analyzer market is estimated to witness significant growth during the forecast period. Some crucial factors encouraging market growth include rising demand for portable gas analyzers and rising industrialization in emerging countries. In May 2015, the Chinese government introduced Made in China (MIC) 2025 initiative which comprises a range of state-backed programs that aims to accelerate productivity, modernize the Chinese economy, and make innovations in industrial processes. The MIC 2025 plan signifies that the country’s manufacturing sector is large, however, it lacks in quality of industrial infrastructure, innovation capacity, degree of digitalization, and the effectiveness of resource utilization. The growing support to local manufacturing is supporting the demand for gas analyzers across industries for measurement of gases flowing out from large industrial boilers and furnaces which can support to increase combustion efficiency. It can be used in several industries to test combustion efficiency, which in turn, is contributing to the market growth.
Geographically, Asia-Pacific is estimated to witness potential growth during the forecast period owing to the rising industrialization and stringent environmental regulations. The region is significantly focusing on enhancing industrial infrastructure and use advanced technologies that can support to minimize the carbon footprint. This, in turn, will drive the demand for gas analyzers for process control and optimization. In addition, growing investment in water and wastewater projects is estimated to further drive the adoption of gas analyzers in the region.
Some key players in the market include ABB Ltd., Siemens AG, Honeywell International Inc., Emerson Electric Co., and Fuji Electric Co., Ltd. Key players are constantly focusing on gaining major market share by adopting strategies, including mergers & acquisitions, product launches, partnerships and collaborations. For instance, in February 2020, ABB Ltd. declared to launch ABB Ability Condition Monitoring for measurement devices. It is an advanced, predictive maintenance solution that will keep control of continuous gas analyzers to ensure clean air operations. It is a part of the ABB Advanced Services offering for Measurement & Analytics that aims to support improved performance and utilization of automation equipment, processes, and personnel.
Research Methodology
The market study of the global gas analyzer market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.
In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in the reports.
Secondary Sources Include:
The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
The Report covers:
The global gas analyzer market is estimated to witness significant growth during the forecast period. Some crucial factors encouraging market growth include rising demand for portable gas analyzers and rising industrialization in emerging countries. In May 2015, the Chinese government introduced Made in China (MIC) 2025 initiative which comprises a range of state-backed programs that aims to accelerate productivity, modernize the Chinese economy, and make innovations in industrial processes. The MIC 2025 plan signifies that the country’s manufacturing sector is large, however, it lacks in quality of industrial infrastructure, innovation capacity, degree of digitalization, and the effectiveness of resource utilization. The growing support to local manufacturing is supporting the demand for gas analyzers across industries for measurement of gases flowing out from large industrial boilers and furnaces which can support to increase combustion efficiency. It can be used in several industries to test combustion efficiency, which in turn, is contributing to the market growth.
Geographically, Asia-Pacific is estimated to witness potential growth during the forecast period owing to the rising industrialization and stringent environmental regulations. The region is significantly focusing on enhancing industrial infrastructure and use advanced technologies that can support to minimize the carbon footprint. This, in turn, will drive the demand for gas analyzers for process control and optimization. In addition, growing investment in water and wastewater projects is estimated to further drive the adoption of gas analyzers in the region.
Some key players in the market include ABB Ltd., Siemens AG, Honeywell International Inc., Emerson Electric Co., and Fuji Electric Co., Ltd. Key players are constantly focusing on gaining major market share by adopting strategies, including mergers & acquisitions, product launches, partnerships and collaborations. For instance, in February 2020, ABB Ltd. declared to launch ABB Ability Condition Monitoring for measurement devices. It is an advanced, predictive maintenance solution that will keep control of continuous gas analyzers to ensure clean air operations. It is a part of the ABB Advanced Services offering for Measurement & Analytics that aims to support improved performance and utilization of automation equipment, processes, and personnel.
Research Methodology
The market study of the global gas analyzer market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.
In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in the reports.
Secondary Sources Include:
- Financial reports of companies involved in the market
- Authentic public databases
- Whitepapers, research-papers, and news blogs
- Company websites and their product catalog
The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
- Global Gas Analyzer Market Research and Analysis, By Product Type
- Global Gas Analyzer Market Research and Analysis, By Technology
- Global Gas Analyzer Market Research and Analysis, By End-User Industry
The Report covers:
- Comprehensive research methodology of the global gas analyzer market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global gas analyzer market.
- Insights about market determinants which are stimulating the global gas analyzer market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB Ltd.
- AMETEK, Inc.
- California Analytical Instruments, Inc.
- Cambridge Sensotec Ltd.
- Drägerwerk AG & Co. KGaA
- Emerson Electric Co.
- Enerac
- ENOTEC GmbH
- Figaro Engineering Inc.
- Fuji Electric Co., Ltd.
- HNL Systems Pvt. Ltd.
- Honeywell International Inc.
- Mettler-Toledo India Pvt. Ltd.
- Nederman Holding AB
- Servomex Group Ltd.
- Siemens AG
- Systech Instruments Ltd and Illinois Instruments, Inc.
- Teledyne Analytical Instruments
- Tenova S.p.A.
- Testo SE & Co. KGaA
- Thermo Fisher Scientific Inc.
- Yokogawa Electric Corp.
