ResearchAndMarkets.com has added the ‘Global Gas Analyzer Market - by Product Type, Technology, Industry, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017 - 2023)’ report to its offering.
The global gas analyser market will reach US$4.49 billion by 2023 from US$3.37 billion in 2017 with a CAGR of 4.9% during the period.
Gas analyser are instruments capable of determining the composition of gas mixtures in a sample. Gas analysis and detection is used to improve efficiency, safety and product quality while ensuring environment compliance.
In 2017, China had the largest market in Asia-Pacific and globally, the US had the largest market owing to environmental conservation regulations and awareness regarding the benefits of gas analysers in these countries.
Government legislations and enforcement of health and safety regulations is the key factor for the growth of the market. The increasing awareness of people regarding the hazardous gas leaks and emissions drives the market growth. However, the technical issues and cost factors are hampering the growth of the market.
Industry trends and updates
- Gasmet Technologies had displayed the DX4040, a portable multi-gas analyser CBRNe Convergence used for identification and quantification of Toxic Industrial Compounds (TIC) and Chemical Warfare Agents (CWA).
- Servomex had launched the SERVOTOUGH Laser 3 Plus range that was the world's smallest cross-stack tuneable diode laser gas analyser, which was specifically optimised for combustion, ammonia slip, and process control applications.
Companies mentioned within the report include: ABB, Emerson Electric, Gasmet, Servomex, Figaro, Systech, Fuji Electric, Thermo Fisher and TAPI.
Read the article online at: https://www.worldpipelines.com/business-news/05072018/the-global-gas-analyser-market-to-grow-by-us1-billion-by-2023/