The global gas analysers market is expected to grow at a CAGR of close to 4% from 2018 - 2022, according to a new market research report by Technavio.
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Technavio’s report on the global gas analysers market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by end-user, which includes oil and gas, chemical, healthcare, power generation, food and beverage, and others.
As projected in 2017, over 29% of the market share originated from the oil and gas segment. Gas analysers find application in the upstream, midstream and downstream segments of the oil and gas industry. They are used in tracing gas purity, perform contamination analysis, compositional analysis, and hydrocarbon analysis.
Based on geography, the global gas analysers market has been segmented into the Americas, APAC, and EMEA. As of 2017, more than 37% of the market share came from EMEA.
The global gas analysers market is highly fragmented with the presence of many regional and international players. There are some financially strong players such as ABB, Emerson Electric, Fuji Electric, General Electric, which have high brand value and are diversified into other markets as well, whereas other vendors such as ENERAC are purely into the gas analysers market. The major players are trying to differentiate their products on price, quality, regulatory compliance, and innovation.
Topics covered in the report include market drivers such as the rising production of shale gas and increased plant safety and associated regulations and mandates.
Market trends include emerging sensor technology and wireless gas detectors gaining commercial acceptance.v
Get a free sample copy of the global gas analysers market report here.
Technavio is a leading global technology research and advisory company. Its research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
Read the article online at: https://www.worldpipelines.com/business-news/26012018/global-gas-analysers-market-new-report-published/