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North America Hydrocarbon Gas Analyzer Systems Market Size
North America Hydrocarbon Gas Analyzer Systems Market was valued at USD 398 million in 2023 and is set to register about 5% CAGR from 2024 to 2032. Stringent workplace safety measures have heightened product demand across diverse end-use sectors.
Ongoing emissions of gases like carbon monoxide (CO), nitrogen oxides (NOx), and methane from industrial activities are fueling the shift towards advanced solutions. For instance, in June 2024, the Statistical Review of World Energy published by the Energy Institute confirmed that the carbon dioxide emissions from energy across Canada totaled 519.5 million tons of CO2, observing over 3.4% increment over a period of four years from 502.2 million tons in 2020.
| Report Attributes | Details |
|---|---|
| Base Year: | 2023 |
| Market Size in 2023: | USD 398 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 613.5 Million |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 75 |
| Tables, Charts & Figures: | 10 |
| Segments covered: | Technology and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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North America Hydrocarbon Gas Analyzer Systems Market Trends
North America hydrocarbon gas analyzer systems industry is projected to observe significant expansion on account of the rapid product advancements from leading industry participants coupled with stringent emission norms. In addition, abundant presence of large untapped hydrocarbon reserves with significant exploration & production potential will unveil new opportunities for product deployment. Moreover, the deployment of sustainable design along with intelligent (IoT) measurements ensuring accurate detection of harmful gases will aid the industry growth.
North America Hydrocarbon Gas Analyzer Systems Market Analysis
Electrochemical gas analyzer systems market is anticipated to surpass USD 210 million by 2032, owing to the mounting emission levels across several end use verticals along with rising demand for emission monitoring systems. These units are suitable for process control, quality maintenance, and are widely utilized across various applications to ensure safety measures further complementing the electrochemical gas analyzer industry landscape.
Non-dispersive IR (NDIR) segment is anticipated to witness a significant growth on account of its ability to distinguish hydrocarbon gases, primarily across low-oxygen environments. Global carbon emissions have steadily risen over the years, mainly due to the significant dependence on fossil fuels. As industries increasingly monitor toxic gases and continue their reliance on fossil fuels, the adoption of NDIR gas analyzer systems is set to surge across various sectors.
U.S. hydrocarbon gas analyzer systems market is projected to cross USD 450 million through 2032, on account of significant transition towards the adoption of automated solutions across industrial operations stimulating the demand for optimized gas analyzer systems. In addition, enhanced industrialization across different sectors coupled with the positive outlook by the regional administrations to cut the carbon footprint will favor the industry growth. Moreover, accelerating investments in various industries and adoption of advanced technologies is set to stimulate the North America gas analyzer systems industry size.
North America Hydrocarbon Gas Analyzer Systems Market Share
The growing demand for reliable gas measuring technologies to encounter ever-increasing toxic gases exertion in the environment along with increasing safety measures from harmful emissions will boost the North America hydrocarbon gas analyzer systems industry. Moreover, leading industry participants including have been consistently reforming their R&D investments to unveil new customer base with advanced product portfolio and gain significant market share.
North America Hydrocarbon Gas Analyzer Systems Market Companies
Key manufacturers working across the market include:
- ABB
- Airborne Labs International
- AMETEK MOCON
- Bakr Hughes Company
- Enerac
- ENVEA
- Galvanic
- Modcon Systems LTD.
- Nova Analytical Systems
- Servomex
- Shimadzu Corporation
- SICK AG
- Siemens
- Unique Group
- Yokogawa Corporation of America
North America Hydrocarbon Gas Analyzer Systems Industry News
- In June 2024, Panametrics, a working subsidiary of Baker Hughes, launch of three flow, gas, and moisture measurement products called T5MAX Transducer, XMTCpro, and HygroPro XP, respectively, for a wide range of applications including energy and industrial sectors. The HygroPro XP is designed to swiftly and precisely evaluate moisture in hydrocarbon liquids and gases, spanning a broad dew point range helping to mitigate product quality issues in oil & gas and industrial operations.
- In November 2023, AMETEK Process Instruments unveiled its cutting-edge gas analyzer, the 9933. This analyzer is engineered to concurrently detect hydrogen (H2), different sulfur compounds, and carbon dioxide (CO2), facilitating the assessment of contaminants in hydrocarbon gas streams. Tailored for both outdoor and indoor setups, the 9933 comes with certifications for North American Class I Division 2 and ATEX/IECEx/UKEx Zone 2 hazardous areas, making it a valuable addition to the North American industry.
This North America hydrocarbon gas analyzer systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2032 for the following segments:
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Market, By Technology
- Electrochemical
- Paramagnetic
- Zirconia (ZR)
- Non-Dispersive IR (NDIR)
- Others
The above information has been provided for the following countries:
- U.S.
- Canada
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