Report : Europe Tunable Diode Laser Analyzer Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Measurement Type (In-situ and Extractive), Gas Analyzer Type (Oxygen Analyzer, Ammonia Analyzer, COx Analyzer, Moisture Analyzer, Hx Analyzer, CxHx Analyzer, and Others), and Industry Application (Power, Oil & Gas, Mining & Metal, Chemicals, Fertilizers, Cement, and Others)
At 7.8% CAGR, the Europe Tunable Diode Laser Analyzer Market is speculated to be worth US$ 379.42 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe tunable diode laser analyzer market was valued at US$ 242.09 million in 2022 and is expected to reach US$ 379.42 million by 2028, registering an annual growth rate of 7.8% from 2022 to 2028. Rising awareness regarding green sustainability resulting in increasing government's stringent safety standards and rising demand for energy is resulting in new power plants setups are the critical factors attributed to the market expansion.
The rising concern towards global warming is leading to air quality deterioration and health concerns. Many economies are making tremendous efforts and massive investments in adopting new technology to detect and limit hazardous gases such as CH4, CO2, CO, H2S, and HONO in the atmosphere. For instance, in October 2021, the UK government announced a US$ 477.38 million boiler upgrade scheme to reduce carbon emissions from heating and buildings, which will help the country meet its goal of making all new heating systems installations low carbon by 2035. The US$ 5304.27 amount paid by the UK government for heat pump installations will be like those for traditional gas boiler installations. Similarly, in November 2016, the German government approved the Climate Protection Plan 2050, which aims to reduce GHG emissions from various sources, including energy, industry, commercial buildings, transportation, and agriculture by 2050. Several initiatives by the governments for the development of green sustainability are driving the growth of the tunable diode laser analyzer market. Tunable diode laser absorption spectroscopy (TDLAS) has been widely used to reduce greenhouse gas emissions and measure combustion gas emissions. Supportive government policies across the region are driving the growth of the tunable diode laser analyzer market. Policies that encourage the installation of energy-efficient heating systems and a shift in the trend toward zero-emission buildings are further supporting the growth of the tunable diode laser analyzer market.
On the contrary, availability of low-price competitive technologies hurdles the growth of Europe tunable diode laser analyzer market.
Based on measurement type, the Europe tunable diode laser analyzer market is bifurcated into in-situ and extractive. The in-situ segment held 75.6% market share in 2022, amassing US$ 183.01 million. It is projected to garner US$ 292.80 million by 2028 to expand at 8.1% CAGR during 2022–2028.
Based on gas analyzer type, the Europe tunable diode laser analyzer market is segmented into oxygen analyzer, ammonia analyzer, COx analyzer, moisture analyzer, Hx analyzer, CxHx analyzer, and others. The oxygen analyzer segment held 34.3% market share in 2022, amassing US$ 82.97 million. It is projected to garner US$ 125.20 million by 2028 to expand at 7.1% CAGR during 2022–2028.
Based on industry application, the Europe tunable diode laser analyzer market is segmented into power, oil & gas, mining & metal, chemicals, fertilizers, cement, and others. The oil & gas segment held 32.6% market share in 2022, amassing US$ 78.92 million. It is projected to garner US$ 127.53 million by 2028 to expand at 8.3% CAGR during 2022–2028.
Based on country, the Europe tunable diode laser analyzer market has been categorized into the UK, Germany, France, Italy, Russia, and rest of Europe. Our regional analysis states that Germany captured 25.1% market share in 2022. It was assessed at US$ 60.73 million in 2022 and is likely to hit US$ 92.81 million by 2028, exhibiting a CAGR of 7.3% during the forecast period.
Key players dominating the Europe tunable diode laser analyzer market are ABB Ltd, Axetris AG, Boreal Laser Inc, Emerson Electric Co., METTLER TOLEDO, NEO Monitors AS, Siemens AG, Teledyne Analytical Instruments, Unisearch Associates Inc, and Yokogawa Electric Corporation among others.
- In 2021, Yokogawa Electric Corporation has developed the TDLS8200 probe type tunable diode laser spectrometer. While featuring the same low installation cost, high measurement stability, and high reliability of the preceding TDLS8100, the TDLS8200 will be able to simultaneously measure oxygen, carbon monoxide, and methane gas concentrations directly and at high speed.
- In 2020, The new Ultra Series from Servomex Ltd. is a line of analyzers that combines remarkable performance and innovative specifications for the most demanding semicon requirements. In comparison to competing technologies, the ultra-series is designed for ultra-high purity gas analysis at a reasonable cost. DF-560E NanoTrace ULTRA, DF-750 NanoTrace ULTRA, DF-760E NanoTrace ULTRA, NanoChrome ULTRA, and ULTRACART are all part of the ultra-series.
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