Extractive Tunable Diode Laser Analyzer Market projected to reach USD 166.4 Million by 2026 : Top Players Norskelektrooptikk AS, Focused Photonics Inc., Yokogawa Electric Corporation, Mettler-Toledo International Inc.

Global Extractive Tunable Diode Laser Analyzer Market Analysis

According to Verified Market Research, the Global Extractive Tunable Diode Laser Analyzer Market was valued at USD 106.08 Million in 2018 and is projected to reach USD 166.4 Million by 2026, growing at a CAGR of 5.3% from 2019 to 2026.

Tunable Diode Laser (TDL) Absorption Spectroscopy can be defined as an extremely discerning, complex and multipurpose technique for determining trace species in gas analysis. Tunable diode laser analyzer can be bifurcated on the basis of in situ and extractive. The extractive mode of TDL Analysis is based on extractive sampling system. Extractive method is considered to be a traditional method as it produces measurements under various complications that comprises of comparatively long response times or circumstantial interference in the form of various gases, dust load, and moisture. Extractive tunable diode laser analyzers are expected to require conditioning for better results.

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Global Extractive Tunable Diode Laser Analyzer Market Overview

With growing digital transformation, the scope of Industry 4.0 is increasing in the global market. Industry 4.0 refers to the integration of platforms such as big data analytics, internet of things (IoT), predictive analytics, etc. The advent of Industry 4.0 has boomed the market for all the right reasons as it has made the concept of industrial internet of things (IIoT) popular among the industrialists and process automation industries.

Also, growing demand for environmental monitoring has boosted the market for extractive tunable diode laser at a global level. However, concerns regarding the accuracy of the results obtained from extractive tunable diode laser analyzer might hinder the overall market at a global level.

Global Extractive Tunable Diode Laser Analyzer Market: Segmentation

The Extractive Tunable Diode Laser Analyzer market is segmented on the basis of type, application, and geography. On the basis of application, the market is bifurcated into Cement, Chemical & Pharmaceutical, Fertilizer, Metal & Mining, Oil & Gas, Power, Pulp & Paper and Semiconductor.

Global Extractive Tunable Diode Laser Analyzer Market, By Application

The market for Power segment is expected to grow at the highest CAGR over the forecast period. The waste incineration and power generation industries which are the major contributors to environmental emissions, require continuous and periodic monitoring of emissions to ensure that each plant is within Emission Limit Values (ELVs). The employment of extractive tunable diode laser analyzers in these power industries can be helpful in monitoring the toxic emission released into the environment.

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Global Extractive Tunable Diode Laser Analyzer Market, By Geography

On the basis of regional analysis, the Global Extractive Tunable Diode Laser Analyzer market is classified into North America, Europe, Asia Pacific and Rest of the world. The Extractive Tunable Diode Laser Analyzer market in the Asia Pacific region is projected to grow at the highest CAGR over the forecast period owing to growing scope in process industries.

The major players in the market are Norskelektrooptikk AS, Focused Photonics Inc., Yokogawa Electric Corporation, Mettler-Toledo International Inc., Toptica Photonics Ag, Ekspla, Laser 2000 Ltd and NTT Electronics Shenzhen Limited.

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