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Paramagnetic Gas Analyzer Systems Market Trends

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

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Paramagnetic Gas Analyzer Systems Market Trends

The paramagnetic gas analyzer systems industry has experienced significant growth on account of increased focus on environmental regulations and the need to reduce air pollution while maintaining air quality standards. These systems have become essential in various industries for monitoring and controlling harmful gaseous emissions, thereby reducing environmental impact and ensuring compliance with regulatory requirements. Growing inclination to monitor harmful emissions and industries seeking comprehensive solutions to address environmental concerns and comply with evolving regulations will accelerate the product deployment.

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.