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Electrochemical segment is anticipated to reach USD 300 million by 2034. The growing need for maintaining ambient air quality and measuring harmful gases such as carbon monoxide, nitrous oxide, and carbon dioxide will accelerate the technology deployment. These units are increasingly utilized for process and quality control, as well as ensuring safety in various settings including research institutions and factories further augmenting the electrochemical gas analyzer systems industry outlook.
Asia Pacific gas analyzer systems market from oil & gas segment is anticipated to witness a CAGR of over 6% through 2034. The increasing awareness of air pollution and the necessity for emission controls, combined with the rising demand for reliable monitoring solutions, is driving the deployment of gas analyzer systems in oil and gas applications. The continuous expansion of refinery operations, rapid increase in oil and gas exploration activities, and growing oil production capacities are fueling the adoption of dependable emission monitoring solutions, significantly contributing to the regional hydrocarbon gas analyzer systems industry growth.
China gas analyzer systems market is set to cross USD 265 million by 2034. Ongoing infrastructure development, expansion of manufacturing sectors, stringent emission regulation norms, and energy generation facilities to meet rising energy demands is complementing the business dynamics.
For instance, in May 2024, China's State Council unveiled new energy and carbon plan for 2024-2025. to boost energy efficiency, reducing energy use by 2.5% and CO2 intensity by 3.9% by year end. Large industrial firms are expected to lower their energy intensity by 3.5% in 2024. Moreover, growing emphasis on optimizing industrial processes, and adoption of reliable monitoring systems, will contribute to the industry growth.