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Oil & gas segment is set to grow over USD 150 million through 2032. Increasing awareness of air pollution and stricter emission controls, combined with growing demand for effective and reliable monitoring solutions, are driving the adoption of emission monitoring systems. The ongoing expansion of refinery operations, accelerating exploration activities, and increasing oil production capacities have prompted the industry to implement dependable emission monitoring solutions. Additionally, rising public awareness of environmental issues and the growing importance of emissions monitoring and control will positively influence the North America gas analyzer systems industry outlook.
U.S. electrochemical gas analyzer systems market is set to grow over USD 365 million by 2032. Rising investments in manufacturing sectors, including metals, mining, and chemicals, coupled with the expansion of energy generation facilities to address increasing energy demands, will complement the business landscape. Stringent regulatory environment aimed at reducing emissions, together with increasing focus on reducing environmental impact, will play a pivotal role in shaping industry outlook. For instance, in May 2024, the U.S. EPA set emission standards for harmful pollutants and finalizes the RTR for Primary Copper Smelting NESHAP, introducing PM emission standards, regulating previously unregulated HAPs, and eliminating SSM exemptions.
Expanding industrial activities has led to a growing demand for emission monitoring systems across various industrial processes, further accelerating the product demand. Furthermore, the push for streamlined industrial processes, bolstered by comprehensive monitoring systems that provide real-time emission insights, will positively influencing the gas analyzer systems industry dynamics.