Tunable Diode Laser Analyzer Market is expected to reach US$ 935.33 Million by 2028 | The Insight Partners

Modernization and Migration Services for Upgrading Old Industries to Automate Process Industries to Provide Growth Opportunities to Tunable Diode Laser Analyzer Market Players During 2021-2028

The tunable diode laser analyzer market analysis is segmented into five major regions-North America, Europe, Asia Pacific, the Middle East & Africa, and South America. In 2020, Europe led the market with a substantial revenue share, followed by APAC and North America, respectively. In Europe, tunable diode lasers are becoming increasingly popular in the pharmaceuticals and healthcare industries. In the pharmaceuticals industry, tunable diode laser absorption spectroscopy (TDLAS/WMS) based on wavelength modulation exhibits great potential in in-site oxygen concentration detection due to non-contact, low-cost operation with high sensitivity and real-time response. As a result, the demand for tunable diode laser analyzers is growing in this industry to maintain the ingredient stability of sterile pharmaceuticals. With growth in TDLA in pharmaceuticals industry, the tunable diode laser analyzer market size is projected to rise with a huge volume. In Asia Pacific, China held the largest share in tunable diode laser analyzer market; however, India is expected to register the fastest CAGR due to high demand for these analyzers from the power generation and distribution industries. Rapid urbanization and stringent safety standards in the chemical and gas industries are driving the Asia pacific tunable diode laser analyzer market growth. With the continuous trend of the industry 4.0 across various industries, a significant increase in the adoption of process automation technologies is being seen, particularly in emerging economies such as China, India, Australia, and South Korea.

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The tunable diode laser analyzer market analysis is segmented on the basis of measurement type, gas analyzer type, industry application, and geography. Based on measurement type, the market is segmented into in-situ and extractive. Based on gas analyzer type, the market is segmented into oxygen analyzer, ammonia analyzer, COx analyzer, moisture analyzer, Hx analyzer, CxHx analyzer and others. Based on industry application, the tunable diode laser analyzer market is segmented into power, oil & gas, mining & metal, chemicals, fertilizers, cement, and others. In terms of geography, the market is segmented into North America (US, Canada, and Mexico), Europe (France, Germany, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, India, South Korea, Japan, and Rest of APAC), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of MEA), and South America (Brazil, Argentina, and Rest of SAM).

The List of Top Companies - Tunable Diode Laser Analyzer Market

Emerson Electric Co.
Siemens AG
ABB Ltd
Mettler Toledo
Teledyne Analytical Instruments
Yokogawa Electric Corporation
Unisearch Associates Inc.
NEO Monitors AS
Axetris AG
Boreal Laser Inc.

Regulatory bodies such as the Environmental Protection Agency in the US are implementing several stringent regulations to reduce greenhouse gas and solid waste emissions due to growing concerns about environmental sustainability. As a result, several market players are focusing on releasing new products with innovative features to help industrial players monitor their industrial gas emissions. For instance, in 2019, Emerson introduced a new hybrid quantum cascade and tunable diode laser-Rosemount 4400-which is a continuous gas analyzer used to accurately monitor emissions of components gasses, such as nitrogen dioxide (NO2), carbon monoxide (CO), nitric oxide (NO), and sulfur dioxide (SO2), in manufacturing facilities. A slew of new product launches is boosting the market growth in North America. The growing development of the oil & gas industry and power plants in the MEA is propelling the adoption of industrial boilers, resulting in demand for tunable diode laser analyzers. Advanced features of tunable diode laser analyzers and returns on investments (ROIs) are the major factors driving the installation of these systems in In South America. With growing regulations to lower carbon emissions and inclination towards protecting the environment is expected to boost the tunable diode laser analyzer market growth.

Impact of COVID-19 Pandemic on Tunable Diode Laser Analyzer Market Size

The COVID-19 pandemic, as well as consequent limitations on international trade, led to considerable disruptions in industry supply chain operations in 2020 and 2021. Moreover, as the global oil prices plummeted significantly due to limited demand and continuous production by oil-producing countries, there was a considerable decline in production activities among major oil-producing countries. Consequently, the discontinuation of oil & gas activities virtually disrupted the demand for any related products and services, including gas analyzers in the oil & gas sector. The sudden onset of the COVID-19 pandemic adversely impacted operations at facilities manufacturing industrial automated solutions, leading to low production volumes.

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