Global Gas Analyzers Market Size, Trends & Growth Opportunity and By Product Type (Fixed and Portable), By Technology (Electrochemical, Paramagnetic, Non-Dispersive IR, and Others), By End User (Food & Beverages, Energy & Utility, Pharmaceutical, Water &

Global Gas Analyzers Market Size, Trends & Growth Opportunity and By Product Type (Fixed and Portable), By Technology (Electrochemical, Paramagnetic, Non-Dispersive IR, and Others), By End User (Food & Beverages, Energy & Utility, Pharmaceutical, Water & Wastewater, Chemical, Oil& Gas, and Others), By Region and Forecast till 2027.

Global Gas Analyzers Market

The Global Gas Analyzers Market is expected to grow from US$ 593.4 Million in 2022 to US$ 845.8 Million by 2027; it is estimated to grow at a CAGR of 6.08% from 2021 to 2027.

Gas analyzers are used for quantitative purposes to determine the concentration of gas and analyze physical parameters like pressure, temperature, flow rate, and concentration. Gas analyzers are classified into mainly two types such as fixed and portable.

Market Drivers

Rise in demand for oil & gas in developing economics is the key driving factor which is expected to boost the global gas analyzers market growth. Furthermore, stringent safety & environment regulations of governments across various countries will have the positive impact on market growth. Moreover, increase in awareness regarding gas analyzers in various sectors including commercial, industrial, and residential sectors will propel the market growth during this forecast period. In addition that, rise in technological advancements in gas analyzers will drive the market growth in near future.

Market Restraints

However, technical issues and cost factors are the major restraining factors which are expected to hamper the global gas analyzer market growth. Also, availability of affordable and effective technologies will affect the market growth.

Impact of Covid-19

The COVID-19 epidemic has caused industries globally to shut down and cease production, with a minimum number of people working in the industry to monitor any risky actions. Furthermore, during the epidemic, the need for blood gas analyzers has skyrocketed. Blood gas analyzers are key tools in the fight against COVID-19 since they are used to evaluate and monitor critically ill patients. Gas analyzers give useful information about blood oxygenation, acid-base balance, and the effectiveness of the lungs in gas exchange.

Segmentation By Product Type: Global Gas Analyzers Market is classified on the basis of Product type into Fixed and Portable.

Segmentation By Technology: Global Gas Analyzers Market is classified on the basis of Technology into Electrochemical, Paramagnetic, Non-Dispersive IR, and Others.

Segmentation By End-user: Global Gas Analyzers Market is classified on the basis of End-user into Food & Beverages, Energy & Utility, Pharmaceutical, Water & Wastewater, Chemical, Oil& Gas, and Others. The oil and gas industry is the most important application segment for gas analyzers, accounting for the majority of global market. Because these analyzers can detect the corrosive mixture of gases and water vapours in order to carry out safe and efficient operations, their demand in this industry is increasing.

Segmentation By Region: Global Gas Analyzers Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The highest proportion of the global market for gas analyzers is held by Asia Pacific. This might be ascribed to the expanding use of these analyzers in a variety of industries and the stringent environmental conservation laws implemented by the local governments.

Market Key Players

Various key players are discussed in this report such as ABB Ltd, ETG Risorse, Fuji Electric Co. Ltd., Yokogawa Electric Corporation, Siemens AG, Emerson Electric Co., Honeywell International Inc., Los Gatos Research, Inc., and Gasmet Technologies

Industrial Development

• ABB joined forces with Wison Offshore & Marine in June 2022. The partnership's objectives include creating floating liquefied natural gas (FLNG) projects around the world as well as developing floating liquefied natural gas (FLNG) facilities to support the rapidly expanding worldwide market. Process gas chromatographs made by ABB are used in this application to measure the heating value of liquefied natural gas as it is transported from producing plants to LNG vessels. These analyzers promote process efficiency, improve operational safety, and improve product yield.