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Gas Analyzer Systems Market Trends

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

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Gas Analyzer Systems Market Trends

Gas analyzer systems industry is set to grow owing to significant transition towards the adoption of automated solutions across industrial operations stimulating the demand for optimized gas analyzer devices. Moreover, introduction of stern measures regarding workplace safety along with the rapid product advancements from leading industry participants have introduced a competitive industrial scenario. For instance, in June 2022, SERVOMEX launched SERVOTOUGH SpectraExact 2500, a new generation of gas analyzer system featuring advanced photometric solution. The new product is designed to offer easy operation platform with digital control along with reliable deployment characteristics across a wide range of industrial applications to deliver process and emissions gas analysis in real time.

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.