MARKET OVERVIEW- GLOBAL TUNABLE DIODE LASER ANALYZER MARKET
TDL gas analyzers are based on laser absorption spectroscopy and comes in probe type and cross stack versions. There are a large number of TDL analyzers available for various applications in process and combustion control, steam reforming, coke oven gas measurements, chlorination, hydrogen production, oxychlorination, emission & safety monitoring, process optimization, electrofilter protection and other applications across various end use industries including oil & gas, power, chemical, steel, petrochemical, wood, food, paint, metal and other industries. In tunable diode laser spectroscopy, a laser beam is allowed to shine through the process gas stream or sample cell. High absorption of light or stronger absorption signal is directly proportional to the high concentration of the measured component.
MARKET DRIVER
The demand of tunable diode laser analyzers (TDLA) is driven by increasing production and demand of oil and gas in emerging economies, wide use of denox systems, announcements of new petrochemical projects, increasing demand for energy recovery, growing R&D investments, stringent government policies, revival of economies and various other factors. Nitrogen oxide emissions cause acid rain and photochemical smog. Moreover, exposure to high levels of nitrogen dioxide leads to respiratory and chronic lung diseases. DeNOx systems are used to convert nitrogen oxide into harmless nitrogen and water in order to meet the current NOx emission standards. The market for DeNOx systems is primarily driven by increasing demand from power generation sector and stringent regulations on emissions from utilities and industrial boilers. Gas analyzers play an important role in DeNOx application. Growing demand for DeNOx systems is therefore expected to have a positive impact on the growth of TDLA gas analyzers market.
MARKET OPPORTUNITY
Government in many countries place a strong emphasis on raising industrial production capacity and support industrial automation to develop their manufacturing industries. For instance, the department of Heavy industries announced the introduction of Samarth Udyog Bharat 4.0 initiative in 2021 to enhance the implementation of advanced technologies and process automation to expand the manufacturing sector across India by the end of 2025, according to the India Brand Equity Foundation. These factor expected to provide an ample opportunity for the tunable Diode laser analyzer market.
MARKET RESTRAINT
However, increasing industrial players’ inclination towards adopting application specific gas measurement devices, like methanometer for measuring methane concentration in mixtures, is a major factor hindering the market growth
MARKET GROWTH CHALLENGES
The Covid-19 pandemic hampered the growth of the market to a major extent, which has created a major challenge for market growth. Although tunable diode laser analyzer provide a number of benefits, the high initial costs and lengthy manufacture and installation processes for industry-specific tunable diode laser analyzers at needed sites are challenging factors for the market.
CUMULATIVE GROWTH ANALYSIS
The report provides in-depth analysis of tunable diode laser analyzers market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for energy recovery, growing R&D investments, stringent government policies is fuelling the growth of the market and is expected to witness the growth at a CAGR at specific CAGR from 2021-2028.
MARKET SEGMENTAL OVERVIEW
The tunable Diode Laser Analyzer market comprises of different market segment like Methodology, gas analyzer, industry and geography.
TUNABLE DIODE LASER ANALYZER MARKET BY METHODOLOGY
By Methodology, the tunable Diode Laser Analyzer includes key segment of
In-situ are expected to dominate the market over the forecast period. In-situ analyzers are installed at measurement sites to take measurements under certain process conditions including high temperature, corrosiveness, pressure and moisture. Such analyzers do not require any filters and sample conditioning and is accompanied with low manufacturing costs and maintenance requirements. Moreover, it easy to install owing to its compact design. Real time gas analysis and process metrics measurements are carried out simultaneously in these types of analyzers. They are highly reliable and accurate and is the widely used type of analyzer across various end use industries in absorber-neutralizer, combustion control, fertilizer plants, waste incinerators, biomass boilers, cement industry, glass industry, petrochemical industry and other applications. On the other hand, extractive gas analyzers are expensive and require in-depth installation. In these systems, the sample gas is transported from the stack to the analyzer and needs conditioning. They are capable of withstanding extreme temperatures whereas rampant moisture; wetness or dampness becomes a major problem and affects the accuracy of measurement.
TUNABLE DIODE LASER ANALYZER MARKET BY GAS ANALYZER
By gas analyzer, the tunable Diode Laser Analyzer includes key segment of
- Ammonia Analyzer
- Cox Analyzer
- CxHx Analyzer
- HX Analyzer
- Oxygen Analyzer
- Others
Carbon dioxide, oxygen, moisture analyzer are the popular type of gas analyzers used across various industries. Carbon dioxide is anticipated to lead the market, gaining the majority of the market share in 2021, and is expected to maintain its dominance over the estimated time period. Carbon dioxide is a harmful greenhouse gas released through fermentation, photosynthesis, organic matter combustion, and other sources. It is a by- product of a large number of applications and is extremely toxic in nature. CO2 measurement proves to be helpful in maintaining energy balance, determining the end-point of complete reactions, and maintaining product hardness and quality.
TUNABLE DIODE LASER ANALYZER MARKET BY INDUSTRY
By industry, the tunable Diode Laser Analyzer includes key segment of
- Cement
- Chemical & Pharmaceuticals
- Fertilizers
- Metals & Mining
- Oil & Gas
- Semiconductors
Oil & gas are expected to dominate the market over the forecast period. The industry operations involve a wide range of processes including exploration, extraction, production, processing, distribution, and transportation. A large number of applications involve monitoring mixtures of hydrocarbons, or hydrocarbons and other gases. Oil & gas processing involves risk and potential hazards and can lead to disastrous results without appropriate gas analysis. Presence of deadly gases and vapor combustibility can cause threat to individuals and assets.
TUNABLE DIODE LASER ANALYZER MARKET BY GEOGRAPHY
By geography, the tunable Diode Laser Analyzer includes key segment of
- North America
- Asia-Pacific
- Europe
- RoW
Asia-Pacific is anticipated to witness an increasing demand for tunable Diode Laser Analyzer Market. owing to high growth of the metals and mining, oil & gas and chemical & pharmaceutical sectors in the region. The increasing research activities is projected to enhance the growth of the overall market in the upcoming years. Additionally, rise in the number of collaborations and mergers and acquisitions is expected to accelerate market growth in the Asia-Pacific region.
COVID-19 IMPACT ANALYSIS ON GLOBAL TUNABLE DIODE LASER ANALYZER MARKET
The exclusive COVID-19 pandemic impact analysis report by Axiom MRC provides a 360degree analysis of micro and macro-economic factors on the tunable Diode Laser Analyzer market. In Addition, a complete analysis of changes on the tunable Diode Laser Analyzer market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The COVID-19 impact on tunable Diode Laser Analyzer was a negative due to decreasing trade and distribution of supply chain disruption and production in past few months hampered the significant growth of the market.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of tunable Diode Laser Analyzer market is majorly focused on expanding the global growth of tunable Diode Laser Analyzer market with new product innovation, business expansion, increasing presence of range of manufacturer operating in the market has led the growing demand for the market. Besides, the market offers range of products to fulfil the required demand of consumer which is further contributing healthy growth in the market.
The key players studied in market are
- ABB Ltd.
- Ametek.Inc
- Emerson Electric Co.
- Teledyne Technologies Incorporated.
- Mettler Toledo
- Servomex
- FPI Group
- ENVEA
- Airoptic
- Fuji Electric
- Horiba Ltd
- Sick AG
- Siemens AG
- Yokogawa Electric Corporation
- General Electric
- Applied Analytics Inc.
- Endress+Hauser Group Services Ag