Global Gas Analyzer Market Will Grow Through 2020

July 8, 2016
Advances in gas analyzer technology are predicted to drive the global gas analyzer market until 2020.

According to the latest research study released by Technavio, the global gas analyzer market is expected to reach $465.1 million in revenue by 2020. A research report titled, “Global Gas Analyzer Market 2016-2020,” provides an in-depth analysis of market growth in terms of revenue and emerging market trends. The market research report also includes up-to-date analysis and forecasts for various end-user segments, including oil and gas, power, chemical, food and beverage and pharmaceuticals, according to Technavio.

“Vendors are equipping gas analyzers with PC-based solutions, which function on Windows or Linux OS and store data on the hard disk drive. The gas analyzers can send real-time data to a data logger through the Ethernet outputs,” says Bharath Kanniappan, one of Technavio’s lead analysts for automation research. “These analyzers can be controlled remotely via the Internet by using KVM over IP devices. This facilitates the operator to control the gas analyzer through the Internet, using a web browser.”

The global gas analyzers market in the chemical industry was valued at $72.89 million in 2015, according to Technavio. The analysis of gases, gaseous mixtures, and water vapors is critical in the chemical industry. Gas analyzers are used in a diverse range of applications, including gas reactions and gas compositions. They are also used for real-time measurement to help research in catalysis, fuel cells, VOCs and biofuels.

The recovery from Eurozone crisis in developed markets, especially in the UK and France, and rapid industrial development in developing economies, such as China, India, Indonesia and Mexico, have accelerated the demand for chemicals products, according to Technavia. Manufacturers are expanding either their existing capacity or building new capacity to respond to the growing demand.

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