South America Tunable Diode Laser Analyzer Market Forecast to 2028 – COVID-19 Impact and Regional Analysis ­­– by Measurement Type (In-situ and Extractive), Gas Analyzer Type (Oxygen Analyzer, Ammonia Analyzer, COx Analyzer, Moisture Analyzer, Hx Analyzer

South America Tunable Diode Laser Analyzer Market Forecast to 2028 – COVID-19 Impact and Regional Analysis ­­– by Measurement Type (In-situ and Extractive), Gas Analyzer Type (Oxygen Analyzer, Ammonia Analyzer, COx Analyzer, Moisture Analyzer, Hx Analyzer, CxHx Analyzer, and Others), and Industry Application (Power, Oil & Gas, Mining & Metal, Chemicals, Fertilizers, Cement, and Others)     

The SAM tunable diode laser analyzer market is expected to grow from US$ 18.28 million in 2022 to US$ 21.45 million by 2028; it is estimated to grow at a CAGR of 2.7% from 2022 to 2028.
Modernization and Migration Services of Upgrading Old Industries to Automate Process Industries
Globalization is driving a heightened focus on smart manufacturing. Also, outdated equipment is costly to run; thus, automation process industries are modernizing and migrating services of upgrading old industries for better performance and greater flexibility. Further, to meet the demands of modern manufacturing, companies are looking for new technologies to optimize their processes and equip their employee for higher performance and efficiency. Companies achieve their annual manufacturing targets by implementing the internet of things and smart manufacturing. Additionally, the process industries such as pulp & paper, chemical & pharmaceutical, and power generation sign service contracts with tunable diode laser analyzer manufacturing companies to provide annual maintenance for all analyzers located. One of these maintenance activities is replacing absolute analyzers with tunable diode laser analyzers. As a result of this schedule maintenance, the number of tunable diode laser analyzer installations to analyze the gases emitted by these industries increased. Furthermore, many tunable diode laser analyzer companies are developing advanced analyzers, for instance, the TDLS8100, that measure oxygen or carbon monoxide gas concentrations directly at high speeds. With its integrated light launcher and detector, this new probe type tunable diode laser spectrometer significantly reduces the need for flanges and scaffolding, resulting in a 50% or greater cost reduction in installation. Further, with the increasing number of companies and newly established manufacturing plants, the demand for tunable diode laser analyzers will increase. Thus, modernization and migration services of upgrading old industries to automate process industries will create many lucrative opportunities for the key players operating in the tunable diode laser analyzer market.

Market Overview

The manufacturing sector in SAM is showing a Northward direction of growth due to the rapid pace of industrialization and government favorable policies. Brazil and Argentina continue to be excellent market opportunities for establishing manufacturing industries. Further, Brazil is considered one of the largest manufacturing economies in SAM and represents one of the largest exporters of electrical equipment (including medical equipment) and appliances after Mexico, which drives the need for factory automation in the country. SAM is demonstrating an ambitious investment in next-generation industrial technology to enable the next wave of economic growth. Thus, many companies are attracted to establishing their business footprints in SAM. Ericsson is also fast-tracking the launch of the next-generation smart manufacturing through a modular and flexible production setup in its existing factory in Brazil. Further expansion of other industrial sectors, such as manufacturing, consumer electronics, pharmaceutical manufacturing, and metallurgy, is boosting the growth of SAM factory automation. Therefore, a significant rise in the adoption of process automation technologies is being witnessed, especially across emerging economies, such as Brazil and Argentina. Further, the governments of SAM emphasize increasing the industrial production capacity and promoting industrial automation to expand their manufacturing sector. Thus, the demand for tunable diode lasers is increasing in manufacturing process industries.
SAM Tunable Diode Laser Analyzer Market Revenue and Forecast to 2028 (US$ Million)

SAM Tunable Diode Laser Analyzer Market Segmentation

The SAM tunable diode laser analyzer market is segmented based on measurement type, gas analyzer type, industry application, and country.
Based on measurement type, the SAM tunable diode laser analyzer market is bifurcated into in-situ and extractive. The in-situ segment held a larger market share in 2022.
Based on gas analyzer type, the SAM tunable diode laser analyzer market is segmented into oxygen analyzer, ammonia analyzer, COx analyzer, moisture analyzer, Hx analyzer, CxHx analyzer, and others. The oxygen analyzer segment dominated the market in 2022.
Based on industry application, the SAM tunable diode laser analyzer market is segmented into power, oil & gas, mining & metal, chemicals, fertilizers, cement, and others. The oil & gas segment dominated the market in 2022.
Based on country, the SAM tunable diode laser analyzer market is segmented into Brazil, Argentina, and rest of SAM. Brazil dominated the market in 2022.
ABB Ltd, Emerson Electric Co., METTLER TOLEDO, NEO Monitors AS, Siemens AG, Teledyne Analytical Instruments, and Yokogawa Electric Corporation are among the leading companies in the SAM tunable diode laser analyzer market.

Reasons to buy

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