Press release
Global Market For Tunable Diode Laser Analyzers Will Create An Additional Opportunity Worth US$435 Million.
Tunable diode laser analyzers are gaining a wide range of applications across industries such as petrochemical, food & beverage, oil & gas, and energy & utility for identifying the proportion of gases such as carbon dioxide, methane, and water vapors, flare gas, tail gas, and others. These measuring devices makes use of highly responsive and accurate measuring signals for process control systems, which assists in enhancing safety, improving yield, and energy efficiency in various industrial processes.
A tunable diode laser analyzer is a complex instrument for determining the concentration of sample gas with high gas component selectivity. Without contacting the element, a tunale diode laser analyzer determines the chemical composition of compounds and measures the concentration of the element. By irradiating the sample with light from a tunable diode laser, this measurement equipment determines the amount of methane, water vapor, carbon dioxide, and many other gaseous mixtures.
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Tunable diode laser analyser measures corrosive and highly hazardous gases. The tunable diode laser analyser uses accurate and highly responsive measuring signals for process control systems and hence helps in improving yields, safety and energy efficiency in various industrial processes.
Tunable Diode Laser Analyser Market: Drivers & Restraints
The key market driver for tunable diode laser analyser is the growth in the industries such as oil & gas, cement, metal and power which demands for analysers, emission monitoring and incineration. Tunable diode laser analyser has high component selectivity, easy maintenance, low installation cost and fast response which makes it a preferred device in broad range of industrial processes.
Tunable diode laser analyser is one of the critical factor which provides crucial information about the chemical composition in the process industries. Tunable diode laser analyser has large opportunity in process industry as its applications are not restricted to monitoring only. It also contribute towards the preservation of environment and reduction of running cost. However the key challenge faced by tunable diode laser analyser is the rising infrastructure cost which may inhibit the market growth.
Tunable Diode Laser Analyser Market: Region-wise Outlook
Currently APAC has the largest market share for tunable diode laser analyser, followed by North America. It is expected that Europe will have the fastest growth rate as compared with other regions. As the demand for chemical industries is increasing, North America is also expected to have a significant market share in global tunable diode laser analyser market during the forecast period.
Tunable Diode Laser Analyser Market: Key Players
Some of the market participants in the global tunable diode laser analyser market are Yokogawa, Servomex, Siemens AG, Honeywell, Sick AG, Emerson Process Management, ABB ltd, Neo Monitors, Mettler Toledo, Ametek Process Instruments.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, end user industry and applications.
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The report covers exhaustive analysis on:
• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
Regional analysis includes
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• The Middle East and Africa (GCC, S. Africa, N. Africa)
Tunable Diode Laser Analyser Market: Segmentation
On the basis of end-user industry, the global tunable diode laser analyzer market is segmented into,
• chemical/petrochemical
• Power/ utility
• Water and Wastewater Treatment
• Food and Beverages
• Fertilizer
• Pharmaceuticals
• Pulp & Paper
• Mining
• Cement
• Glass
On the basis of application, the global tunable diode laser analyser market is segmented into
• Gases
• Syngas
• Coke-oven Gas
• Refinery Fuel Gas
• Natural gas
• Green House Gas
• Flare Gas
• Tail Gas
• Fertilizer Off Gas
• DeNOx
• Incineration
• Emission Monitoring
• Boilers
• Carbon Black Producers
• BFO
• BOF
• SRU
• FTC/GTC for Aluminium
• Nuclear
• Fertilizer Urea
• Electric Arc Furnace
• Others
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.
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