Gas Analyzer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
Gas analyzers are measuring instruments used to determine the quantitative or qualitative composition of gas mixtures. They are used to provide essential data for numerous manufacturing, processing and materials research industries. Gas analysis and detection is also used to improve efficiency, safety and product quality while ensuring environment compliance. Owing to this, gas analyzers find applications in environment monitoring, power generation, water treatment, chemicals, oil and gas, petrochemicals, etc. According to IMARC Group’s recently published study, titled “Gas Analyzer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global gas analyzer market reached a value of US$ 3.6 Billion in 2018
Government legislations and the enforcement of occupational health and safety regulations remain one of the principal factors boosting the growth of the global gas analyzer market. This has further been supported by rising awareness among the consumers regarding the safety hazards of gas leaks and emissions. Additionally, an increase in shale gas and tight oil explorations have stimulated the demand for gas analyzers worldwide. The analyzers are also being integrated with smartphones and other wireless devices so as to provide additional features such as real-time monitoring, remote-control and backing up data logs. These technological advancements are projected to widen the applications of gas analyzers, thereby adding to the market growth. According to the report, the market is further expected to reach a value of US$ 4.7 Billion in 2024, exhibiting a CAGR of 4.4% during 2019-2024.
The report has segmented the market on the basis of application, covering oil and gas, power, chemical, food and beverages, pharmaceutical and others. Amongst these, oil and gas represents the largest application segment for gas analyzers. The report has further analysed the market on a regional basis. Currently, Asia-Pacific is the leading market, followed by North America, Europe, Middle East and Africa, and Latin America. On analysing the import and export trends of the market, the report finds that China is the biggest importer, whereas, Germany holds the majority of the export shares. The report has also analysed the competitive landscape of the market with some of the key global players being ABB Group, Emerson Electric, General Electric, Figaro Engineering Inc. and Thermo Fishers Scientific.
This report provides a deep insight into the global gas analyzer market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the gas analyzer industry in any manner.
Key Questions Answered in This Report:
How has the global gas analyzer market performed so far and how will it perform in the coming years?
What are the key regions in the global gas analyzer market?
What are the key application segments in the global gas analyzer market?
What are the import and export trends of gas analyzer?
What are the various stages in the value chain of the global gas analyzer industry?
What are the key driving factors and challenges in the global gas analyzer industry?
What is the structure of the global gas analyzer industry and who are the key players?
What is the degree of competition in the global gas analyzer industry?
How are gas analyzers manufactured?
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