Home > Energy & Power > Emerging Energy Technologies > Environmental Control Solutions > Paramagnetic Gas Analyzer Systems Market

Paramagnetic Gas Analyzer Systems Market Size

Report ID: GMI12000
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Paramagnetic Gas Analyzer Systems Market Size

The global paramagnetic gas analyzer systems market was valued at USD 410.4 million in 2023 and is set to grow at CAGR of over 5.6% from 2024 to 2032. The growing need for emission monitoring systems across several industrial applications is shaping the industry landscape. Additionally, industries are seeking reliable gas monitoring systems to limit their environmental impact and ensure compliance with regulations further influencing the business outlook.

paramagnetic gas analyzer systems market

To get key market trends

Download Free Sample

Increasing necessity to limit carbon emissions along with stringent regulatory standards and initiatives by respective authorities toward promoting environmental sustainability will complement the business landscape. For instance, the 2nd Asia Zero-Emission Community (AZEC) Leaders Meeting, held in October 2024, focused on balancing Asia's economic growth with climate change mitigation. AZEC partner countries supported Japan's leadership and stressed the importance of reducing emissions through various measures, including renewable energy promotion, zero-emission power generation, and carbon sequestration technologies.

Paramagnetic Gas Analyzer Systems Market Report Attributes
Report Attribute	Details
Base Year:	2023
Paramagnetic Gas Analyzer Systems Market Size in 2023:	USD 410.4 Million
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	5.6%
2024 – 2032 Value Projection:	USD 665.7 Million
Historical Data for:	2021-2023
No. of Pages:	85
Tables, Charts & Figures:	28
Segments covered:	End-Use and Region
Growth Drivers:	Growing demand to maintain workplace safety Positive outlook to keep a check on harmful emissions
Pitfalls & Challenges:	Prevalence of other gas analyzer system technologies coupled with operational complexities

Learn more about the key segments shaping this market

Download Free Sample

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The global market for paramagnetic gas analyzer systems was reached USD 410.4 million in 2023 and is set to grow at a CAGR of over 5.6% from 2024 to 2032, driven by the growing need for emission monitoring systems across several industrial applications.

The oil & gas segment is anticipated to exceed USD 65 million by 2032, as hydrocarbon facilities widely deploy these units to accurately measure corrosive gas mixtures and water vapors, ensuring efficient and safe operations.

The U.S. market for paramagnetic gas analyzer systems is projected to surpass USD 155 million by 2032, driven by rising investments in sectors such as metals, mining, and chemicals, and a focus on reducing emissions.

Key industry players include ABB, Advanced Micro Instruments, Buhler Technologies, Emerson Electric, ENVEA, Fuji Electric, HORIBA, M&C TechGroup, Nova Analytical Systems, Process Sensing Technologies, Servomex, SICK, Siemens, Thermo Fisher Scientific, and Yokogawa Electric.