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Hydrocarbon Gas Analyzer Systems Market Size
- Report ID: GMI7481
- Published Date: Oct 2024
- Report Format: PDF
Hydrocarbon Gas Analyzer Systems Market Size
The global hydrocarbon gas analyzer systems market size was valued at USD 1 billion in 2023 and is set to grow at CAGR of 5.3% from 2024 to 2032. Increasing demand for efficient technologies to measure harmful gas concentrations in the oil and gas sector, along with the adoption of automated solutions, augmenting the industry outlook. The introduction of advanced technological systems and enforcement of strict gas emission regulations and standards are driving the industry growth.
Regulatory authorities are focusing on implementing reforms to monitor emission levels across various industrial applications and inclination on enhancing the operational safety of workers across the oil & gas sector further complementing the industry landscape. The Coalition for LNG Emission Abatement toward Net-zero (CLEAN), launched in 2023, is supported by several countries and the European Commission. This initiative aims to gather methane emissions data across the LNG value chain, with South Korea and Japanese buyers collaborating with suppliers. JOGMEC supports this effort and assists Malaysia and Indonesia in reducing methane emissions during gas production.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Hydrocarbon Gas Analyzer Systems Market Size in 2023: | USD 1 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 5.3% |
| 2024 – 2032 Value Projection: | USD 1.7 Billion |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 90 |
| Tables, Charts & Figures: | 30 |
| Segments covered: | Technology and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Hydrocarbon Gas Analyzer Systems Market Scope
