Rockville, MD, August 27, 2024 (GLOBE NEWSWIRE) — The global Laser gas analyzer market will reach 3.15 billion US dollars in 2024, according to a newly published industry analysis by Fact.MR, a provider of market research and competitive intelligence. Global sales of laser gas analyzers are expected to reach 5.39 billion US dollars for 2034.
Increasing public awareness of the dangers of emissions and gas leaks is expected to contribute to the increasing adoption of laser gas analyzers. Laser gas analyzer manufacturers are integrating their products with wireless devices such as mobile phones to enable remote control, real-time monitoring and data backup. In addition, increasing awareness of hazardous gases and toxicity hazards in work environments is expected to lead to increasing adoption of laser gas analyzers, particularly in the metals and mining, chemical and petrochemical, and oil and gas industries.
Due to strict legal regulations for CO, exhaust gas analysis devices for motor vehicles are becoming increasingly popular.2 emissions from vehicles. In addition, car manufacturers are making efforts to improve the performance of their engines and reduce CO2 emissions. Therefore, it is expected that the majority of automotive testing companies will use laser gas analyzers on a large scale.
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Key findings from the market study:
- Global sales of laser gas analyzers are estimated to reach $3.15 billion in 2024.
- The global laser gas analyzer market is expected to reach $5.39 billion by the end of 2034.
- The market is forecast to grow at an average annual rate of 5.5% from 2024 to 2034.
- East Asia is forecast to hold a 38.4% share of the world market by the end of 2034.
- Laser gas analyzer sales in the United States are expected to grow at a compound annual growth rate of 5.7% to reach $1.02 billion by 2034.
- Stationary laser gas analyzers are forecast to account for 62.9% of global market revenue by the end of 2034.
“The increasing importance of occupational health and safety regulations, the constant technical development of laser technology and the increasing demand for energy efficiency are increasing sales of laser gas analyzers,” says a Fact.MR analyst.
Leading players driving innovation in the laser gas analyzer market:
- ABB Ltd.
- AMETEK Land Instruments International
- Emersion Electric Co.
- Yokogawa Electric Corporation
- Honeywell International Inc.
Rising environmental concerns are driving demand for laser gas analyzers in the US:
By the end of 2034, the United States is expected to hold a 64.9% share of the North American market. Due to the implementation of environmental and industrial protection regulations by most governments, the demand for laser gas analyzers is increasing in the country. Moreover, the presence of some renowned infrastructure and industrial establishments is expected to increase the demand for high-precision solutions such as laser gas analyzers.
Country-specific insights:
By the end of 2034, the US is expected to control 64.9% of the North American market. The demand for laser gas analyzers is increasing due to strict environmental and industrial protection regulations. In addition, the market is expected to grow due to the presence of some of the most prominent industrial and infrastructure institutions and their interest in a variety of high-precision solutions.
City councils in cities on the east and west coasts are requiring the use of laser gas analyzers in high-rise and mid-rise buildings. They will be used to monitor electricity consumption and greenhouse gas emissions.
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Further valuable insights on offer:
In its new offering, Fact.MR presents an unbiased analysis of the laser gas analyzer market and presents historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).
The study provides key insights into the market based on system type (portable laser gas analyzers, stationary laser gas analyzers), laser type (tunable diode laser spectroscopy (TDLS), Raman spectroscopy, cavity ring-down spectroscopy, quantum cascade laser spectroscopy), process (in situ, extractive), mode (single-mode laser gas analyzers, multi-mode laser gas analyzers) and end use (oil and gas and chemicals, construction, food and beverage, healthcare, water treatment), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia and Oceania, and MEA).
Laser Gas Analyzers Market Research Segmentation:
By system type:
- Portable laser gas analyzers
- Stationary laser gas analyzers
By laser type:
- Tunable diode laser spectroscopy (TDLS)
- Raman spectroscopy
- Cavity ring-down spectroscopy
- Quantum cascade laser spectroscopy
After process:
By mode:
- Singlemode laser gas analyzers
- Multimode laser gas analyzers
After end use:
- Class Oil & Gas and Chemicals
- Construction industry
- Food & Drinks
- Healthcare
- Water treatment
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About Us:
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