Press release
Tunable Diode Laser Analyzer Market - TDLA Is A New Technology And Is Expected To Experience Considerable Growth Through The Forecast Period
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The TDLA is a new technology and is expected to experience considerable growth through the forecast period from 2015 to 2021. Rise in demand for toxic gas measurement and growing concern regarding ill effect of hazardous gases in mines or in oil and gas fields are driving the application of TDLA analyzer. TDL analyzer is used for constant monitoring and raises an alarm in case of any fire breaks. It forms a key component in the fire alarm system as it helps in the detection of fire. In the last few years, fire alarm installation has been made mandatory in all public places, offices, and residential apartments. Thus, the rise in demand for safety devices is driving the TDL analyzer market.
Companies are constantly looking to optimize their process by consuming less energy, enhancing safety and reducing CO2 emission. To optimize the process, the companies have to optimize the air-fuel ration in the combustion process. To achieve this, TDL analyzers are required as they help in continuously monitoring the concentration of CO+CH4 and O2 in the radiant section of fired heaters. The TDL analyzer is capable of in-situ detection of near infrared absorbing gases such as CO, CO2, O2, and NH3. This factor is leading to the rise in demand for TDL analyzers in industries. Due to the high precision and accuracy of the TDL analyzers, they are preferred more over other forms of analyzers available in the market currently.
The global TDLA market is segmented by region in North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). Asia Pacific led the global TDLA market in 2014 and is also expected to account for highest market share in 2021. The growth of TDLA market in Asia Pacific is triggered by rising demand for critical gas level measurement in mines, oil and gas field and chemical plants among others.
The global TDLA market is segmented on the basis of measurement types into In Situ and others. In Situ measurement accounted for highest market revenue share in 2014 and is expected to hold its market leadership position throughout forecast period. Problems and degree of measurement faults associated with gas sample extraction and conditioning is driving the adaptation of In Situ measurement.
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The global TDLA market is segmented on the basis of industry application into power, oil & gas, mining & metal, healthcare, chemical, fertilizer, pulp and paper, cement and others. Oil & gas sector accounted for highest market revenue share in 2014 and is expected to retain its market leadership position during the forecast period from 2015 to 2021. Rising demand of low concentration gas detection and complex hydrocarbon gas detection throughout upstream, midstream and downstream activities in oil fields are driving the growth of application of TDLAs in oil & gas sector.
Key players operating in the tunable diode laser analyzer market are ABB Ltd. (Switzerland), Honeywell International Inc. (U.S), Siemens AG (Germany), Yokogawa (Japan), Neo monitors (Norway), Sick AG (Germany), Servomex (United Kingdom), Mettler Toledo (Switzerland), Emerson Electric Co. (U.S) and General Electric’s Corp. (U.S).
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
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