Gas Analyzer Systems Market Size By Technology (Electrochemical, Paramagnetic, Zirconia (ZR), Non-Dispersive IR (NDIR)), By End-Use (Oil & Gas, Chemical & Petrochemical, Healthcare, Research, Water and Wastewater), & Forecast, 2023 - 2032

Gas Analyzer Systems Market Size By Technology (Electrochemical, Paramagnetic, Zirconia (ZR), Non-Dispersive IR (NDIR)), By End-Use (Oil & Gas, Chemical & Petrochemical, Healthcare, Research, Water and Wastewater), & Forecast, 2023 - 2032

Global Gas Analyzer Systems Market size is anticipated to expand through 2032, owing to the flourishing automation trends across several industrial verticals. Many governments globally are investing huge amounts in integrating automation in several verticals such as healthcare, industrial, and others, resulting in the increasing demand for advanced gas analyzers for measuring harmful gases and oxygen concentrations in the air.

Moreover, escalating efforts by industry players toward product innovations will further strengthen the industry outlook through 2032. For instance, in February 2022, HORIBA, Ltd., a Japanese precision instruments manufacturer, unveiled the launch of HyEVO, an advanced gas analyzer for measuring hydrogen concentration in gases.

Citing another instance, in June 2022, ENVEA, a manufacturer of monitoring solutions for industries announced that its air quality monitors got US-EPA approval, allowing their integration with optional solar panel systems. This clearance will help in air quality management in isolated locations.

The overall gas analyzer systems market is segmented on the basis of technology, end-use, and region.

In terms of technology, the gas analyzer systems market from the paramagnetic segment is poised to record significant gains through 2032. Paramagnetic gas analyzers have high stability and can withstand high pressure and temperatures. These devices are equipped with long-lasting sensors that require low maintenance. Additionally, they can quickly and accurately measure oxygen concentration, making them suitable for Gfx sensing and Infrared such as CEMS and ASU applications, among others.

With respect to end-use, the gas analyzer systems industry size from the healthcare segment is expected to grow considerably through 2032. Increased demand for efficient gas monitoring systems for patients’ safety has significantly augmented the product adoption rate in recent years. The segment growth can also be credited to consistent technological innovations in medical gas analyzers for monitoring health issues due to the growing geriatric population. As per the Population Reference Bureau, Europe and Asia are home to some of the world’s oldest populations. These estimates will therefore boost product uptake across these regions.

Asia Pacific gas analyzer systems market share was worth over USD 480 million in 2022. Growing efforts by governments across regional economies such as India, China, Japan, and others towards achieving climate neutrality are contributing to regional market expansion. As per the International Energy Agency, China aims to have CO2 emissions peak by 2030 and achieve carbon neutrality before 2060. Likewise, Japan also aims to cut down GHG emissions by 46% compared to 2013 levels by 2030, which will positively influence market dynamics in the coming years.