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The oil & gas segment is set to cross over USD 130 million through 2032. Rising exploration of hydrocarbons and oil production activities across the region along with increasing need to monitor harmful gases across processing plants will complement the industry landscape. Rising demand for reliable monitoring solutions, ongoing expansion of refinery operations coupled with increasing awareness of air pollution will boost the product deployment. Moreover, growing public consciousness regarding environmental concerns and the escalating importance of emissions monitoring and control will positively influence the industry outlook.
The chemical & petrochemical segment is anticipated to witness a significant momentum, owing to growing industrial automation, accelerating need for real-time data analysis & control and monitoring and optimizing industrial processes. Rising need for effective emission monitoring to ensure compliance with environmental regulations, ensuring the healthy working environment for workers and promote sustainable practices in monitoring carbon emissions, particularly in relation to gases like CO2, nitrogen oxides will influence the business dynamics.
Germany electrochemical gas analyzer systems market is likely to exceed USD 90 million by 2032. Increasing investments across sectors including metals, mining and chemical along with rapidly growing industrialization and focus on reducing industrial emissions will positively influence the business dynamics. Stringent environmental regulations along with significant measures to control harmful emissions will further augment the industry outlook. Furthermore, growing focus on air quality and public health has led the industries to continuously monitor air pollutants and ensure compliance with air quality standards, further augmenting the industry outlook.