
Published On: Jan 2022
Published On: Jan 2022
At 4.8% CAGR, the North America Tunable Diode Laser Analyzer Market is projected to be worth US$ 178.09 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America tunable diode laser analyzer market was valued at US$ 134.22 million in 2022 and is expected to reach US$ 178.09 million by 2028, registering an annual growth rate of 4.8% from 2022 to 2028. Rising demand for energy is resulting in new power plants setups and rising awareness regarding green sustainability resulting in increasing government's stringent safety standards are the critical factors attributed to the market expansion.
Various plant units and piping may contain pressurized, high-temperature, corrosive, combustible, and toxic gases, which may be problematic for traditional technologies. In power plants, the piping contains high temperature, toxic gases, corrosive, pressurized, and toxic gases, with traditional technologies, which may pose a threat to the power plants. Thus, many power plants are installing advanced tunable diode laser analyzers to overcome such threats. For instance, the Yokogawa in-situ gas analyzer TDLS8000 supports ten languages. With the intuitive 7.5-inch color touch screen HMI, no PC is required for simple operation and maintenance. It provides all data, including trends and graphs, and can be installed remotely. With the rapid pace of industrialization, there has been a significant rise in energy generation demand. Thus, a new establishment of power plants is required to meet the required power consumption. Further, many developing and developed economies invest massive capital in upgrading new power plants and equipment installation. The tunable diode laser analyzer is used with DeNOx and boiler systems in the power plants to analyze gases. As a result, as the number of power plants increases, the demand for tunable diode laser analyzers will also increase. Thus, rising energy demands are resulting in the new setup of power plants, which positively impacts tunable diode laser analyzer market growth across the region.
On the contrary, availability of low-price competitive technologies hurdles the growth of North America tunable diode laser analyzer market.
Key players dominating the North America 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.
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