Worldwide "Tunable
Diode Laser Analyzer Market" 2024 Industry research report covers the industry overview with
Marketplace Size, Share, Development, futuristic cost, earnings, demand and
distribution data. Its vast repository offers an analytical summary of the
marketplace that can help to the new and existing player to take a significant
decision.
In this report, we
thoroughly examine and analyse the Global market for Tunable Diode Laser
Analyzer so that market participants can improve their business strategy and
ensure long-term success. This report provides players with useful information
and suggests result-based ideas to give them a competitive advantage in the
global Tunable Diode Laser Analyzer industry. It will show how other players
compete in the global Tunable Diode Laser Analyzer Market and explain the
strategies you use to differentiate yourself from other participants.
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Industry insights
The global tunable diode
laser analyzer market was valued at USD 367.2 million in 2015. A tunable diode
laser analyzer is a modern device which is used to diagnose the sample gas
concentration. This calibrating device helps to identify the amount of carbon
dioxide, water vapor, methane, and various gaseous mixtures with the help of
irradiation of the sample by using light from a tunable diode laser.
Tunable diode laser
analyzers are largely used to measure the composition of industrial emissions
to detect harmful gasses which include oxides of carbon and nitrogen as well as
oxygen and water. It uses accurate, and highly responsive measuring signals for
process control systems thus helps to improve yields, safety, and energy
efficiency in various industrial processes. TDLAs works by measuring the amount
of light that is absorbed as it travels through the gas being measured. The
absence of moving parts and sensor contact involved in the process leads the
analyzers to have low rates of failures and a long-term low cost of ownership.
The key market driver for
tunable diode laser analyzer is the increasing demand for the measuring harmful
gasses in emissions and growing concerns with respect to the effects of gases
which are hazardous in the areas such as mines and industries or gas and oil
fields. Moreover, TDLAs are largely used across applications in hydrocarbon
processing and power generation.
Merchants are offering
tunable diode analyzers which are compact and effectively serve to an area of
industry applications. This optical analyzer measures the flue gas, process
gas, analysis of analysis throughout downstream, upstream and midstream
activities. However, high R&D costs, as well as the lack of awareness about
such advanced technology, are expected to challenge the industry growth. The
growth prospects of the industry may get hamper over the next eight years due
to the low prices of competitive technologies for analyzing gas like evolved
gas analyzers, and thermal & infrared gas analyzers.
Measurement type Insights
TDLAs market is segmented
on the basis of methods such as In-situ and others. Others include extractive
methods. TDLA detect and measures the concentration of gas even at a very low
level of. Improved TDLAs give actual information about the chemical composition
of gaseous composition with the help of in-situ measurements. Such in-situ
measurement-type TDLAs gives greatly accurate and correct analysis; thus
eradicating the need for extraction of the sample and its conditioning. The
in-situ type is a market leader and accounts for 65%. In addition, it is
anticipated to be a leading segment throughout the forecast period.
The extractive method
involves extraction of a sample stream from the process and then transferring
it to a conditioning system before its measuring and analyzing. There are very
few cases where the sample was taken cannot be moved directly to an analyzer.
It requires conditioning that may change the properties of sample gas thus
leads to the errors in making process decisions. The above-mentioned issues and
lack of accuracy in measurement associated with Extractive measurement methods
are driving the adoption of the in-situ measurement method. Hence, it holds the
major share in the market.
Application Insights
TDLAs have applications in
an industry which include Oil & Gas, Cement, Healthcare, Paper & Pulp
Chemicals, Fertilizers, Mining & Metal and Power.
The oil & gas
industrial segment dominated the global TDLA demand and was valued at over USD
85 million in 2015 which can be associated with the rising demand for the complex
hydrocarbon gas detection and low concentration gas detection across processing
activities in petrochemical industry and oil fields.
TDLAs have applications in
LNG plants and natural gas to easily detect and remove the moisture present in
the gas streams between various processes. The measuring the moisture content
is crucial for petrochemical companies to meet the quality specifications and
to protect the corrosion of pipelines. In addition, TDLAs are also used for the
detection of corrosive sulfur compounds in refineries, which may incur the high
cost of operation and maintenance for the process infrastructure.
TDLAs application in the
healthcare industry is expected to see a substantial growth in the demand over
the next decade. The segment is estimated to grow the fastest at a CAGR of over
9% over the forecast period.
Regional Insights
Due to the increasing
industrialization, the Asia Pacific region is anticipated to come as a
predominant market which accounts for over 35% of the global demand for TDLA
devices in 2015 and growing at a CAGR of over 10% over the forecast period.
Developing economies, such
as China and India, are anticipated to see the growth in different industries
which includes metal & mining, pulp & paper, power generation, and
cement, which provides the base for the installation of TDLAs over the
traditional analyzing devices. Stringent industrial emissions norms and
regulations by the Environmental Protection Agency in the U.S. are expected to
drive the demand for advanced TDLAs in the region.
Competitive Insights
The market participants in
the global tunable diode laser analyzer market include Yokogawa Electric
Corporation, Servomex, Siemens AG, Honeywell International Inc., Sick AG,
Emerson Process Management, ABB Ltd., Neo Monitors, Mettler Toledo, and Ametek
Process Instruments. Among these ABB, Siemens and Yokogawa hold significant
market share.
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