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The hydrocarbon gas analyzer systems industry is set to grow driven by increasing inclination toward monitoring gaseous emissions and focus on operational safety across the oil & gas sector. Rising demand for comprehensive solutions to address environmental concerns and stringent environmental regulations to reduce air pollution while maintaining air quality standards, complementing the business outlook.
For instance, in May 2024, The European Union has implemented new rules to curb methane emissions in the energy sector. This legislation marks a significant step in the EU's efforts to address climate change and reduce harmful emissions from the energy industry. Moreover, growing emphasis on emission control, reduce environmental effects and ongoing efforts to enhance oil & gas operations further augmenting the industry landscape.