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Laser Gas Analyzer Market Segmented By Tunable Diode Laser Spectroscopy, Raman Spectroscopy, Cavity ring Down Spectroscopy, Quantum Cascade Laser Spectroscopy Laser Type in In Situ, Extractive Process with Portable Laser Gas Analyzers, Fixed Laser Gas Analyzers System Type
The global laser gas analyzer market is currently valued at US$ 2.9 Bn. Detailed market study reveals that worldwide sales of laser gas analyzers are expected to reach a market valuation of US$ 5 Bn by 2032, increasing at a CAGR of 5.6%.
The oil & gas, chemical, and healthcare sectors are expected to be the most prominent end users of laser gas analyzers, together accounting for around 42% market share.
| Attribute | Key Insights |
|---|---|
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Laser Gas Analyzer Market Size (2022E) |
US$ 2.9 Bn |
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Projected Market Value (2032F) |
US$ 5 Bn |
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Value CAGR (2022-2032) |
5.6% |
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Collective Value Share: Top 3 Countries (2022E) |
49.8% |
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Sales of laser gas analyzers across the world increased at 2.1% CAGR from 2017 to 2021. With uncertainty due to COVID-19, market players were constantly monitoring and evaluating the pandemic's direct and indirect effects on various end-use industries.
Since laser gas analyzers are used to prevent corrosion in natural gas pipeline infrastructure, an increase in shale gas and tight oil explorations has driven sales worldwide. Furthermore, laser gas analyzer usage in various settings for gas detection such as healthcare and construction has been mandated by government legislation and the enforcement of occupational health and safety regulations. This is so because of high awareness of the dangers of gas leaks and emissions.
During the forecast period of 2022-2032, the global market for laser gas analyzers is anticipated to expand at 5% CAGR.
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Get a Customized Version“Emergence of Smart Laser Gas Analyzers for Real-time Monitoring Purposes”
Manufacturers of gas detection devices are working on connecting smart laser gas analyzers to smartphones and other wireless devices to enable real-time monitoring, remote control, and data backup. Gas analyzers with cutting-edge analyzing technologies are also being introduced into the market. Companies have started working on hybrid analyzers for emission monitoring and gas analysis that use Quantum Cascade Laser (QCL) and Tunable Diode Laser (TDL) measurement technologies.
Modernization and migration services include upgrading old industries to automate process drives, and, as such, analyzers and old instruments are being upgraded for this very purpose.
The rapid development of modern infrastructure is a critical requirement for the laser gas analyzer industry to thrive. Various government proposals are also assisting manufacturers in developing infrastructure-based analyzers that come with modern integrated high-speed communication features.
“Strict Regulations on NOx Emissions Driving Sales of Laser Gas Analyzers”
Due to methane emissions, companies are paying millions of dollars in legal fines, and are therefore constantly looking for suitable alternatives. Since they provide real-time data and are robust, laser-based gas analyzers are the heart of entire operations and are also being widely used in new systems that are being developed.
Oil rigs across the world have failed to control methane leakage in recent years. To reduce methane emissions, governments across the world have implemented stricter regulations. However, companies were unable to meet these requirements due to outdated infrastructure.
Countries are investing heavily in renovations and new facilities due to concerns about increasing carbon footprint. As such, demand for laser gas analyzer systems and services is growing as regulations on NOx emissions become more stringent.
“Market Players Leveraging Low Cost of Ownership Factor”
When compared to gas chromatography, laser gas analyzers can provide a faster response, making it easier for end users to manage operations. As a result, the ability of these analyzers to provide a reliable solution at a low cost of ownership has been a key factor for rapid growth.
Rapid industrialization, particularly in China and India, has been a primary driver of market growth in the country. Developing economies such as these have been strengthening their roots in all sectors and are using analyzers owing to the technological benefits and rising environmental awareness.
Critical process industries such as food & beverages, oil & gas, and chemicals, from a vertical perspective, have been aiding laser gas analyzer device market growth due to the low maintenance and cost of these systems.
Even though laser gas analyzers are known for single-component analysis, trends indicate that multi-component analysis has a bright future, which could increase market growth opportunities.
What is the U.S. Laser Gas Analyzer Market Stance?
“Environmental Concerns Augmenting Demand Growth of Laser Gas Analyzers”
The U.S. laser gas analyzer market accounts for around US$ 900 Mn valuation in 2022. Due to numerous strict industrial and environmental conservation regulations laid down by the government, the market is expected to grow rapidly over the coming years as well.
The presence of renowned industrial and infrastructure establishments and their continued interest in high-accuracy solutions are also aiding market progress.
Due to environmental factors in California and the Midwest, state governments have been forced to invest heavily in water treatment facilities, which will thereby drive demand for laser gas analyzing devices. The market will see tremendous growth due to the growing need for tracking harmful gases across various industries in the United States, as well as rising concerns about the protection of the environment and the public.
Due to rising demand from the healthcare sector and technological advancements in tracking patients' health, the laser gas analyzer market will see added growth opportunities.
City councils of major west and east coast cities have mandated the use of laser gas analyzers in mid- and high-rise buildings, where these devices are being installed to track power usage and greenhouse emissions.
What is the Outlook for Laser Gas Analyzer Manufacturers in China?
“Huge Natural Gas Market of China Driving Laser Gas Analyzer Consumption”
China alone accounts for two-thirds of global natural gas demand, according to the International Energy Agency. Because the country is not connected to a high-pressure pipeline, it is more vulnerable to gas leaks. As a result, constant monitoring is required during transportation, and as such, demand for laser gas analyzers is only expected to grow.
China has become more proactive in addressing environmental concerns as the world's largest population and with the fastest-growing cities. In this regard, the country implemented several systems, including gas analyzers in city blocks, to track carbon dioxide and other emissions.
Food and beverage processing, construction, healthcare, and public utilities, including electric power generation, are major consumers of laser gas analyzers in the country.
China accounts for 18% share of the East Asia laser gas analyzer market. China is a global powerhouse for semiconductors, fueling the market for laser gas analyzers. Rapid growth of the laser gas analyzer market in China can be attributed to the country's foundries, which play an important role in semiconductor chip manufacturing.
The Semiconductor Manufacturing International Corporation (SMIC) of China and Grace Semiconductor Manufacturing Corporation (GSMC) of China are two of the world's top wafer foundries.
Since laser gas analyzers have important applications in the country's semiconductor industry, the market is set to see steady growth going forward.
Which European Country is a Huge Market for Laser Gas Analyzers?
“Germany Laser Gas Analyzer Market Leading in Europe”
Within the European Union, new and stricter emission regulations for waste incineration are in the works. These regulations were only recently made official, which will increase the demand for laser gas analyzers.
Europe's infrastructure is aging, potentially increasing the risk of leaks that can wreak havoc in the region. As a result, governments across the region are working hard to install and replace aging infrastructure to improve gas monitoring, which will invariably drive the need for laser gas analyzers.
Germany accounts for nearly 23.5% of the Europe laser gas analyzer market share in 2022 and is predicted to be the fastest-growing market in the region. Strict norms related to the food and beverages industry and water treatment facilities and rising healthcare investments are expected to drive market growth, with aging infrastructure being replaced on a war-footing basis.
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Which Laser Gas Analyzer Type Has Most Potential for Demand Growth?
“Ever-rising Popularity of Tunable Diode Laser Gas Analyzers”
Holding a market share of 22.2%, tunable diode laser analyzers are hugely sought-after, and this trend is expected to continue throughout the forecast period.
When compared to gas chromatography, Tunable Diode Laser Analyzers (TDLAS) can provide a faster response, making this type a more appealing option for end users. All in all, the ability of tunable diode laser analyzers to provide a reliable solution at a low cost of ownership has been the primary driver for the rapid growth of this segment.
Other inherent benefits such as ease of maintenance, high detection accuracy, and ease of operation have made tunable diode laser analyzers the most preferred type in the market.
Raman laser analyzers are preferred in critical industries such as natural gas and chemicals for composition and mixing analysis due to their simple calibration and excellent signal-to-noise ratio. However, these analyzers have some drawbacks.
While Raman analyzers are known for their nitrogen and oxygen measurement compatibility, the system's complexity makes it unsuitable for an online process analysis setup.
Besides, the technique is difficult to use with fluorescent samples. To summarize, market players need to improve Raman analyzers technologically to address their major challenges and catch up with TDLAS.
Where is Laser Gas Analyzer Usage High?
“High Demand for Laser Gas Analyzers from F&B, Oil & Gas, and Chemical Sectors”
By the end of 2032, food & beverages, oil & gas, and chemicals are together expected to account for 43.1% share of the demand for laser gas analyzers.
Increasing infrastructure developments, such as water treatment facility systems, necessitate the deployment of laser gas analyzer systems for superior detection as well as increased tracking and monitoring services.
Several big-, medium-, and small-scale laser gas analyzer manufacturers and service providers are present in the market. By developing long-term relationships with OEMs and manufacturers in target markets such as India, China, and Europe, market participants are generating new sources of revenue.
Leading industry players are also investing in new and advanced material technologies that will enable the production of high-quality laser gas analyzers.
| Attribute | Details |
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Forecast Period |
2022-2032 |
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Historical Data Available for |
2017-2021 |
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Customization & Pricing |
Available Upon Request |
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The global laser gas analyzer market is expected to top a valuation of US$ 5 Bn by 2032.
Sales of laser gas analyzers are slated to increase at a value CAGR of around 5.6% from 2022 to 2032.
The global market for laser gas analyzers witnessed a CAGR of 2.1% during the 2017-2021 time frame.
China, the U.S., and Germany are lucrative markets for laser gas analyzer manufacturers, with North America and East Asia projected to hold a combined market share 59.2% by 2032.
Tier-1 firms manufacturing laser gas analyzers are ABB Ltd, Honeywell International Inc., and Siemens AG.
The Europe laser gas analyzer market is expected to increase at 3.5% CAGR through 2032.
