Europe Gas Analyzer Systems Market
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Europe Gas Analyzer Systems Market was valued at USD 766.7 million in 2023 and is anticipated to grow at a CAGR of over 5.9% from 2024 to 2032. Rising demand for emission monitoring units in various industrial applications, driven by the need to reduce carbon emissions and stringent regulatory mandates promoting environmental sustainability, will shape the industry's landscape.
For instance, in May 2024, the EU approved a law to limit methane emissions from oil and gas imports starting in 2030. This legislation aims to reduce methane leaks, a major contributor to climate change, from international suppliers. Furthermore, rising demand for reliable gas monitoring systems across industries to limit environmental impact, and ensuring regulatory compliance will augment the industry landscape.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Gas Analyzer Systems Market size in 2023: | USD 766.7 Million |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2023 - 2032 CAGR: | 5.9 |
| 2023 Value Projection: | USD 1.2 Billion |
| Historical Data for: | 2021-2023 |
| No of Pages: | 80 |
| Tables, Charts & Figures: | 12 |
| Segments Covered: | Technology, End-Use, and Country |
| Growth Drivers: |
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| Pitfalls Challenges: |
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Europe gas analyzer systems industry is set to grow owing to the growing environmental awareness, rising demand for efficient gas monitoring systems, coupled with a push to curb carbon emissions across various sectors. Increasing need for advanced technologies to monitor gas emissions, ensuring compliance with environmental standards and proactively enhancing air quality has positively influenced the industry landscape.
The electrochemical segment is anticipated to surpass over USD 380 million by 2032, owing to escalating emission levels across several industrial sectors coupled with rising demand for reliable emission monitoring systems. These units find applications in diverse applications and widely adopted for process control & quality maintenance, from research institutions to factories, ensuring increased safety measures, further augmenting the electrochemical gas analyzer business dynamics.
Oil & gas segment is set to grow at a CAGR of 5% through 2032. Rising awareness of air pollution and the need for emission controls, coupled with surging demand for reliable monitoring solutions, is set to boost product deployment across oil & gas applications. Ongoing adoption of dependable emission monitoring solutions is fueled by the continuous expansion of refinery operations, rapidly increasing oil and gas exploration activities, and growing oil production capacities further augmenting the hydrocarbon gas analyzer system industry landscape.
Rising chemical refinery facilities, growing demand for real-time data analysis & monitoring, have accelerated the adoption of gas analyzer systems across the chemical and petrochemical sector. Stringent regulations pertaining to the industrial emissions along with growing inclination to closely monitor processes that release hazardous gases will accelerate the product deployment. Furthermore, increasing emphasis on emission monitoring systems aimed at ensuring environmental compliance, tracking carbon emissions, safeguarding worker health, and promoting sustainable practices will fuel the industry growth.
UK gas analyzer systems market is set to reach over USD 375 million by 2032. Growing investments across manufacturing sectors along with the expansion of energy generation facilities to address increasing energy demands, will shape the business dynamics. Stringent regulatory environment aimed at limiting emissions, together with shifting focus on reducing environmental impact, will positively influence the industry outlook. Furthermore, rising focus on optimizing industrial processes, coupled with comprehensive monitoring systems, provides real-time insights into emission levels, further influencing industry dynamics.
Leading manufacturers operating across the Europe gas analyzer systems industry are focusing on introducing advanced monitoring technologies, pursuing strategic mergers and acquisitions, collaborations, partnerships, and joint ventures to expand their market presence. The increasing adoption of digital technologies for performance optimization has driven these manufacturers to adopt innovative strategies, aiming to capture a larger market share.
Major manufacturers operating across the industry comprise of:
Market, By Technology
Market, By End Use
The above information has been provided for the following countries:
ABB, Acoem, Advanced Micro Instruments, Inc., AVL, BTG, B
U.K. gas analyzer systems market size is set to exceed USD 375 million by 2032, led by growing investments across manufacturing sectors along with the expansion of energy generation facilities to address increasing energy demands.
The market size of Europe gas analyzer systems was worth over USD 766.7 million in 2023 and is anticipated to grow at a 5.9% CAGR through 2032, due to rising demand for emission monitoring units in various industrial applications.
Europe gas analyzer systems industry size from the oil & gas application segment is set to witness 5% CAGR up to 2032, led by higher awareness of air pollution and the need for emission controls.