Published: Nov, 2018
Transparency Market Research (TMR) observes, the global tunable diode laser analyzer market is highly fragmented due to presence of number of companies operating in the market. Some of the key players operating in the global tunable diode laser analyzer market are Neo monitors, Honeywell International Inc., Emerson Electric Co., Servomex, and ABB Ltd. Increasing number of mergers, collaborations, and acquisitions is predicted to accelerate growth and consolidation of the market in the next few years.
A report estimates, the global tunable diode laser analyzer market is expected to attain value of US$548.8 mn by the end of 2021 with a CAGR of 10.20% over the forecast period of 2015 to 2021 from valuation of US$280 mn in 2014. Based on the type, in 2014, in situ type measurement accounted for largest share in the revenue of about 67.4% in the global market. Based on application, oil and gas segment is expected to dominate the market with 25% of shares in the same year and is expected to remain dominant over the forecast period. Based on region, in the same year, Asia Pacific dominated the global market by accounting for 37.0% shares in the global market.
Growing Concerns over Environment to Propel Growth
The global tunable diode laser analyzer market is expected to witness growth with healthy rate from last few years. Growing investments in the research and development (R&D) activities coupled with growing focus on the advanced features of tunable diode laser analyzers and focus on improvement of products are fuelling growth of the global market. Growing adoption of modern services are expected to support growth of the market. Additionally, among the other measuring instruments, tunable diode laser analyzer is a new technique. It has ability of detecting and measuring gases available in environment such as HF, HCL, NH3, oxygen, and carbon dioxide even in very low air density. Besides, rising demand for advanced equipment to measure amount of toxic gases present in the atmosphere coupled with increasing demand for safety devices and growing demand for tunable diode laser analyzer due to growing industrialization globally is boosting growth of the tunable diode laser analyzer market.
Additionally, government and numerous private organizations ensuring safety of environment have mandatories the installation of gas detectors in industries and manufacturing plants. In addition, ability of seamless detection, low maintenance cost, and improved stability of equipment are boosting growth of the tunable diode laser analyzer market.
Strong Presence of Mature and Alternative Technologies to Restrain Growth
Despite this, the availability of alternative technologies is restraining growth of the global tunable laser analyzer market. Nonetheless, the price of tunable diode laser analyzer is likely to reduce over the upcoming years which is expected to offer growth opportunities for key players in the coming few years.
This information is encompassed in the new report by TMR, titled “Tunable Diode Laser Analyzer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”
For the study, the tunable diode laser analyzer market has been segmented as follows:
By Measurement Type
- In Situ
- Oil and Gas
- Mining and Metal
- Pulp and Paper
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
90 State Street, Suite 700
Albany, NY 12207
USA - Saudi Arabia Toll Free: 866-552-3453