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Gas Analyzer Systems Market Size

Report ID: GMI5562
Published Date: Jul 2024
Report Format: PDF

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Gas Analyzer Systems Market Size

Gas Analyzer Systems Market Size was estimated at USD 2.9 billion in 2023 and is anticipated to attain a growth rate of 5.7% through 2032. Continuous rise in harmful gases emissions from industries along with adoption of various favorable measures to mitigate the carbon footprint is set to complement the industry outlook.

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For instance, In November 2022, the U.S. Environmental Protection Agency (EPA) has proposed to update, expand, and strengthen its 2021 proposal to minimize toxic air pollutant emissions including methane gas from both prevailing & new operations across the oil & gas industry. Moreover, shifting trends toward adoption of advanced technological systems along with formulation of strategic reforms by respective authorities will further complement the business outlook.

Gas Analyzer Systems Market Report Attributes
Report Attribute	Details
Base Year:	2023
Gas Analyzer Systems Market Size in 2023:	USD 2.9 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	5.7%
2032 Value Projection:	USD 4.7 Billion
Historical Data for:	2021 to 2023
No. of Pages:	105
Tables, Charts & Figures:	26
Segments covered:	Technology, End-Use, and Region
Growth Drivers:	Stringent gas emission standards & policies Positive outlook towards upkeeping of operational safety at workplaces Growing measures to optimize industrial operations
Pitfalls & Challenges:	Design and operational complexities

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Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of gas analyzer system was reached USD 2.9 billion in 2023 and is projected to expand at 5.7% CAGR from 2024 to 2032, led by the continuous rise in harmful gases emissions from industries.

The electrochemical technology segment in the gas analyzer system industry is projected to surpass USD 1.4 billion by 2032, on account of increasing emission levels across various sectors coupled with the rising demand for advanced emission monitoring systems.

The oil & gas industry end-use segment in the gas analyzer system industry is set to grow at over 5% CAGR from 2024 to 2032, owing to the increasing demand for gas monitoring systems and increasing efforts to reduce harmful gaseous emissions.

North America gas analyzer system industry is projected to amass over USD 1.5 billion by 2032, driven by the ongoing industrialization across various verticals coupled with the encouraging regulatory framework by the administrative bodies to curb the carbon footprint.