Growing
concern about the hazards of toxic gases in gas fields, oil fields,
and mines drives the global market for tunable diode laser analyzers.
The demand for tunable diode laser analyzers is on the rise across
several industries all over the world. Expanding at a 10.2% CAGR
between 2015 and 2021, the global tunable diode laser analyzer market
is anticipated to reach a market value of US$548.8 million in 2021,
up from US$280 million in 2014. The demand for tunable diode laser
analyzers in industries mainly arises from the need for emission
control.
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Tunable
diode laser analyzers measure and identify the quantity of water,
carbon dioxide, and methane in several gas mixtures. Tunable diode
laser analyzers are mainly applied in the areas of hydrocarbon
processing and power generation. A prominent characteristic feature
of a tunable diode laser analyzer is its ability to detect gas and
even measure the same at extremely low concentrations. In fact, it
has the capacity to give the exact measurement of gases even if found
in trace amounts.
Technological
Improvements Keep the Market on the Rise
Type,
application, and geography are the three parameters based on which
the global tunable diode laser analyzer market is segmented. In-situ
is the type used extensively in most areas of application. The
various industries that make use of tunable diode laser analyzers are
cement, fertilizer, oil and gas, power, pulp and paper, mining and
metal, healthcare, and others. The oil and gas segment leads the
global market for tunable diode laser analyzers and will retain its
leading position in the forecasting horizon as well.
Over
the years, the demand for gas detectors has increased owing to the
greater proliferation of industries on the one hand and the
consequent increase in pollution levels on the other. The global
tunable diode laser analyzer market is characterized by continuous
improvements in the products owing to dynamic adoption of newer and
better technologies.
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High
R&D Costs: A Market Challenge
Geographically,
the global tunable diode laser analyzer market is categorized into
Asia Pacific, North America, Europe, and Rest of the World. In 2014,
Asia Pacific dominated the global market for tunable diode laser
analyzers and continues to do so owing to high demand for measuring
the critical levels of gases in chemical plants, oil fields, gas
fields, and mines. It is expected that the demand for in-situ
measurement will expand significantly during the forecast period. The
growth of the in-situ measurement segment can be attributed to the
issues and the frequency of measurement faults in the extraction of
gas samples and also its conditioning.
Tunable
diode laser analyzers are incorporated in downstream, midstream, and
upstream activities that take place in oil fields. The surging demand
for detecting complex hydrocarbons and low gas concentrations in
these activities is what fuels the overall demand for tunable diode
laser analyzers. On the other hand, lack of widespread awareness and
high R&D costs restrict the growth of the global tunable diode
laser analyzer market.
Prominent
companies operating in the global tunable diode laser analyzer market
are Servomex, ABB Ltd., Sick AG, Mettler Toledo, Honeywell
International Inc., Neo monitors, Siemens AG, and General Electrics
Corp.
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