27 June 2019, The global gas
analyzers market is predicted to generate massive revenue
over next five years, providing numerous opportunities for industry
participants to invest in research and development of gas analyzers market.
Rapid surge in gas analyzer market is credited to the growing number of
application in environment monitoring, power generation and water treatment. In
addition, rising demand from chemicals sector, oil & gas industry, and
petrochemicals sector is expected to drive the growth of the market over the
forecast period.
Increasing investment by various regional
government around the globe in the measuring techniques for determining the
quantitative and qualitative composition of gas mixtures, thus separating
chemicals in a complex sample is expected to drive the growth of gas analyzer
market over the forecast period. Recent advancement in gas analyzers industry
is attributed to the increasing investment for research & development
activities from large-scale businesses, particularly in the North American
region, thereby solidifying their market position, in the recent years. For
instance, government of U.S. has undertaken various business development
initiative to help organization for development of innovative product and
methodologies in the gas analyzers industry.
Gas analyzers offer critical information,
which is essential to perform multiple manufacturing and processing
application. Gas analyzers are used to determine materials in numerous research
industries. Gas analyzers are also used to enhance overall performance,
security and product quality, even as ensuring environment compliance. Stringent
legislations and reforms by regional governments to enforce of occupational
health and safety regulation is expected to pave the way for robust industry
growth over the forecast period.
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The market is broadly categorized into
five major segments based on the application type such as oil & gas
industry, chemical & petrochemical sector, water & wastewater
management, pharmaceutical industry, and food & beverage sector. Oil &
gas industry segment is growing rapidly in the gas analyzers market with
substantial revenue generation in the last few years.
The market is divided by region as
North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in the implementation
of latest technologies in oil & gas sector, surge in number of research
& development activities in the region and existence of well-established
industrial infrastructure. In European region, Germany, France, and United Kingdom
are projected to witness steady growth due to increasing oil exploration
activities and rising number of shale gas plants across the region.
Asia-Pacific region is estimated to
hold major share in the gas analyzers industry with massive growth in forecast
period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with strong economic growth, increasing manufacturing
activities, favorable government policies, and significant investment by
leading industry players considering potential growth opportunities in the
region.
The key players in the gas analyzers
market are ABB Group, The Emerson Electric Co., Honeywell International Inc.,
Servomex plc, General Electric Co., Figaro Engineering, Inc., and Thermo
Fishers Scientific.
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