The new report by Expert Market Research titled, ‘ Global Tunable Diode Laser Analyzer (TDLA) Market Report and Forecast 2021-2026 ‘, gives an in-depth analysis of the global tunable diode laser analyzer (TDLA) market, assessing the market based on its segments like oxygen (O2) analyzer, ammonia (NH3) analyzer, COx analyzer, moisture (H2O) analyzer, Hx analyzer, CxHx analyzer and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 408 million
- Forecast CAGR (2021-2026): 8%
Tunable diode laser analyzers are useful in a number of sectors, including oil and gas, petrochemical, landfill sites, chemical plants, steel and aluminium, fire safety, agriculture, and many others. In these industries, gas detection is used for protection, environmental, or process control purposes. Both of these industries’ products are used in a variety of other industries, such as construction, automobile, aerospace, oil, and many others, the demand for their products and necessitating the installation of more plants and the need for more gas analyzers. Boilers, gas turbines, natural gas fields, fertiliser production, and all other industrial processes produce gas that must be monitored and regulated. As a result, an increase in overall industrialization would result in a high demand for gas analyzers. Aside from that,
Industry Definition and Major Segments
Tunable diode laser analyzers are based on the absorption spectroscopy theorem, which states that different gases absorb different colors. Tunable diode laser analyzers emit infrared light, which is transmitted along an optical path through the gas being analysed. It then passes through a detector, which shows the gas’s concentration.
The market, based on methodology, can be divided into:
Based on gas analyzer, the industry is divided into:
- Oxygen (O2) Analyzer
- Ammonia (NH3) Analyzer
- Cox Analyzer
- Moisture (H2O) Analyzer
- Hx Analyzer
- CxHx Analyzer
It finds wide applications in the following:
- Velocity Measurement
- Emission Monitoring
- Mass Flow Monitoring
It finds wide end-uses in various industries like:
- Oil and Gas
- Metals and Mining
- Water and Wastewater Treatment
- Chemicals and Pharmaceuticals
- Pulp and Paper
The regional markets can be classified into:
- North America
- Asia Pacific
- Latin America, Middle East and Africa.
Environmental protection is driving up demand for tunable diode laser analyzers. Gas analyzers are an essential component of all hazardous industrial and non-industrial processes. Landfills emit greenhouse gases such as ammonia, methane, and carbon dioxide, and methane can be explosive if not managed. Product loss due to undetected leakage decreases profitability dramatically. It may cause explosions in more serious leaks, resulting in the loss of life and property. In addition to these, gas analyzers are used in a number of other applications, suggesting a lucrative market.
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Key Market Players
The major players in the market are Neo Monitors AS, Servomex Group Limited, Mettler Toledo, ABB Ltd., Analytical Technology and Control Limited, Yokogawa Electric Corporation and Boreal Laser Inc.. The report covers the market shares, capacities, plant turnarounds, expansions , investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviors. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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