Boom in Healthcare and Pharmaceutical Sectors to Create Opportunities for Global Oxygen Gas Analyzer Market
- The global oxygen gas analyzer market is expected to expand during the forecast period, owing to increasing usage of oxygen gas analyzers for various medical applications such as respiratory care, laser surgery, and treatment of sleep apnea. Additionally, gas outlets are used in centralized areas of surgery centers, hospitals, dental clinics, operating areas, and patient rooms. This is expected to augment the demand for oxygen gas analyzers worldwide during the forecast period.
- Moreover, increasing awareness about air quality control among users and growing practice of home medication are expected to drive the global oxygen gas analyzer market during the forecast period
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Key Drivers and Restraints of Global Oxygen Gas Analyzer Market
- The global demand for oxygen gas analyzers is expected to increase in the near future, owing to rise in the demand from the food & beverages sector. These are expected to be key factors driving the global oxygen gas analyzer market during the forecast period.
- Oxygen gas analyzers help in determining the oxygen ingress in various food packages. With the use of oxygen gas analyzers, reliable results can be obtained in an easy, time-saving manner. These results can help ensure the filling quality and long-term storage stability of products. This factor is expected to fuel the global oxygen gas analyzer market during the forecast period.
- Companies operating in the global oxygen gas analyzer market are investing in the expansion of their product portfolios as well as distribution networks. They have adopted strategies such as mergers and acquisitions, development of new products, joint ventures, and expansions to cater to the increasing demand for oxygen gas analyzers across different regions.
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Zirconia Oxygen Gas Analyzers to Witness High Demand
- Based on technology, the global oxygen gas analyzer market can be divided into paramagnetic, non-dispersive infrared, electrochemical, zirconia, and others
- Amon these, zirconia oxygen gas analyzers are anticipated to witness high demand between 2019 and 2027, owing to various advantages offered by zirconia oxygen gas analyzers such as durability, robustness, reliability, and long life span. This trend is anticipated to continue during the forecast period.
- Moreover, advancements in technology and the development of multifunction trace oxygen gas analyzers are expected to drive the global oxygen gas analyzer market from 2019 to 2027
Metals & Chemicals End-use Industry Segment to Witness Promising Growth Potential
- Based on end-use industry, the global oxygen gas analyzer market can be divided into food & beverages, healthcare & pharmaceutical, energy & utilities, consumer goods, metals & chemicals, and others
- The metals & chemicals industry is likely to register significant demand for oxygen gas analyzers during the forecast period, as oxygen gas analyzers are largely used for environment monitoring and efficient control of industrial processes
- Additionally, stringent government regulations regarding environment monitoring are likely to drive the demand for oxygen gas analyzers throughout the forecast period
Asia Pacific to Lead Global Market for Oxygen Gas Analyzers
- In terms of region, the global oxygen gas analyzer market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is likely to witness the maximum demand for oxygen gas analyzers from 2019 to 2027. Major manufacturers operating in various industries are investing heavily in China and India, especially in the production sector in the country.
- Leading manufacturers of oxygen gas analyzer have extensive distribution networks and deep product penetration. Manufacturers of oxygen gas analyzers have become increasingly international in their activities ever since the onset of globalization.
Key Manufacturers Operating in Global Market
The global oxygen gas analyzer market was highly fragmented in 2018. Key manufacturers operating in the global market are:
- FUJI ELECTRIC FRANCE S.A.S.
- Siemens Industry, Inc.
- ABB Ltd.
- Emerson Electric Co.
- Honeywell International Inc.
- Yokogawa Electric Corporation
- Advanced Micro Instruments, Inc.
- Nova Analytical Systems
- AMETEK Inc.
Global Oxygen Gas Analyzer Market: Research Scope
Global Oxygen Gas Analyzer Market, by Type
Global Oxygen Gas Analyzer Market, by Technology
- Non-dispersive Infrared
Global Oxygen Gas Analyzer Market, by End-use Industry
- Food & Beverages
- Healthcare & Pharmaceutical
- Energy & Utilities
- Consumer Goods
- Metals & Chemicals
Global Oxygen Gas Analyzer Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
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The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
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- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
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