There are many types of process analytical instruments, classified according to the type of analyte and the technique used to analyze the element. Laser-based gas analyzers are a type of analytical instrument that utilize a laser source to determine the type and amount of elements in the gas phase. Instruments such as Tunable Diode Laser Absorption Spectroscopy (TDLAS), Raman Analyzers, and Cavity Ring Attenuation Spectrometers are some of the key laser-based gas analyzers widely used in the industry.
Currently, laser gas analyzers on the market mainly use Tunable Diode Laser Absorption Spectrometer (TDLAS) technology. TDLAS technology is essentially a spectral absorption technology that obtains the concentration of gas by analyzing the selective absorption of laser by gas. It differs from traditional infrared spectrum absorption technology in that the semiconductor laser spectrum width is much smaller than the broadening of the gas absorption spectrum line.
Laser Gas Analyzers Market Summary
According to the new market research report “Laser Gas Analyzers- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Laser Gas Analyzers market size is projected to reach USD 0.7 billion by 2029, at a CAGR of 4.5% during the forecast period.
- Global Laser Gas Analyzers MarketSize(US$ Million), 2018-2029
Source: QYResearch, "Laser Gas Analyzers- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Market Drivers:
The introduction of various environmental protection policies, such as "double carbon", that is, carbon peaking and carbon neutrality, advocates a green, environmentally friendly, and low-carbon lifestyle. Accelerating the pace of reducing carbon emissions will help guide green technology innovation and improve industry and The global competitiveness of the economy. China continues to promote the adjustment of industrial structure and energy structure, vigorously develop renewable energy, accelerate the planning and construction of large-scale wind power and photovoltaic base projects in desert, Gobi, and desert areas, and strive to balance economic development and green transformation simultaneously.
Increase industrialization and growth and upgrades of new power plants.
The demand for boilers and Denox systems is increasing across industries.
Demand for safety equipment rises.
Process automation is growing in various industries.
Restraint:
As the technological threshold breaks through, the influx of new entrants will further divide the market.
The risk of raw material supply and price fluctuations, and suppliers may not be able to guarantee the long-term stable supply of raw materials. If suppliers are unable to provide raw materials normally, production and operations will be affected, resulting in inability to deliver products on time. At the same time, fluctuations in raw material prices may increase the company's production costs.
Changes in the global outlook and geopolitical environment, COVID-19 impact, risks of economic fluctuations, etc.
Opportunity:
Remote Sensing and IoT Integration: Advancements in remote sensing technologies and the integration of laser gas analyzers with the Internet of Things (IoT) offer opportunities for enhanced data collection, analysis, and real-time decision-making. This is particularly relevant in industries such as oil and gas, where remote monitoring of gas emissions and leaks is crucial.
Miniaturization and Portability: There is a growing demand for compact and portable gas analyzers for applications like field measurements, leak detection, and emergency response. Developing smaller, more portable laser gas analyzers can open up new markets and applications.
Integration with Other Technologies: Collaborations and integration with complementary technologies, such as artificial intelligence and data analytics, can enhance the capabilities of laser gas analyzers. This integration can lead to more predictive and proactive monitoring solutions.
- Global Laser Gas Analyzers Top15Players Ranking and Market Share（Continually updated）
Source: QYResearch, "Laser Gas Analyzers- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Laser Gas Analyzers include Endress+Hauser, Servomex (Spectris), Mettler Toledo, Focused Photonics Inc., ABB, Siemens, Yokogawa Electric, NEO Monitors, Baker Hughes, SICK, etc. In 2022, the global top 10 players had a share approximately 59.0% in terms of revenue.
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