The global tunable
diode laser analyzer market size is expected to reach USD 831.7
million by 2024, according to a new report by Grand View Research, Inc. The
bullish growth prospects of the tunable diode laser analyzer market can be
attributed to the rapid industrialization and an increasing need for real-time
and efficient atmospheric toxic gas measurement and analysis.
Favorable initiatives and regulations by the
government and regulatory bodies worldwide regarding industrial emissions
across various industry sectors are anticipated to bolster the market growth
over the forecast period. Advanced TDL based analyzers have the ability to detect
and measure toxic gases such as oxides of carbon, nitrogen, and sulfur along
with oxygen and water in very low air density environments accurately. The
adoption of TDLAs involves low maintenance cost, seamless detection abilities,
and stability, making them preferable over other gas detectors across the
end-use industries.
However, the high costs of R&D and
interoperability issues are expected to hinder the industry growth over the
forecast period. The accessibility to cheaper substitute devices and methods
may affect the industry growth in the coming years.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/tunable-diode-laser-analyzer-market
Further key findings from the report suggest:
- The TDLA industry, on the basis of measurement-type, can be segmented into in-situ and others such as extractive-based measurements. The in-situ or on-site type TDLA segment accounted for nearly 65% of the global market share in 2015, owing to the ease of customization, lower cost of ownership, and the control it offers.
- Oil & gas industrial applications contributed to approximately 25% of the overall TDLA market revenue in 2015 and are anticipated to witness a steady growth over the coming years. Such growth can be accredited to the growing demand for the detection of complex hydrocarbon gases and water across upstream, downstream, and midstream process flows across refineries and petrochemical industries.
- The demand for TDLAs in the mining & metal industry was estimated to reach over USD 130 million by 2024, growing at a CAGR of nearly 8% over the next six years. The increasing regulations and safety norms regarding harmful emissions near mining sites are expected to drive the demand for such equipment.
- In 2015, The Asia Pacific tunable diode laser analyzer market accounted for over 25% of the overall market share and is expected to witness a substantial growth over the next eight years. The developing economies of the region, such as India, China, and Japan, are anticipated to offer broad growth avenues for the regional industry growth, owing to the increasing industrialization and modernization of processes in industries including power generation and oil & gas, eventually leading to a surge in the adoption of TDLAs.
- Technological and product innovations drive such a highly dynamic industry. Prominent market players include Siemens AG, ABB Ltd., Yokogawa Electric Corporation, and Endress+Hauser. Vendors are focusing on expanding their presence through inorganic growth strategies such as mergers and acquisition for portfolio enhancement and regional expansion. Moreover, manufacturers are increasingly offering after-sales support and services for their TDLA equipment through its entire lifecycle, from installation to calibration and preventive maintenance repair of the equipment.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/sensors-and-controls
Grand View Research has segmented the global tunable diode laser analyzer market on the basis of measurement-type, industrial application, and region:
Tunable Diode Laser Analyzer Measurement-Type Outlook (Revenue, USD Million, 2014 - 2024)
·
In-situ
·
Others
Tunable Diode Laser Analyzer Industrial Application Outlook
(Revenue, USD Million, 2014 - 2024)
·
Power
·
Oil & Gas
·
Mining & Metal
·
Healthcare
·
Chemicals
·
Fertilizers
·
Paper & Pulp
·
Cement
·
Others
Tunable Diode Laser Analyzer Regional Outlook (Revenue, USD Million,
2014 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
RoW
For press release of this report - http://www.grandviewresearch.com/press-release/global-tunable-diode-laser-analyzer-market
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