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Global Laser Based Gas Analyzers Market to reach USD XX billion by the end of 2029.

Global Laser Based Gas Analyzers Market Size study & Forecast, by Process (In Situ, Extractive), by Type (Tunable Diode Laser Spectroscopy, Raman Spectroscopy, Cavity Ring-Down Spectroscopy), by End-Users (Power, Mining and Metal, Automotive) and Regional Analysis, 2022-2029

Product Code: OIRIA-32702720
Publish Date: 15-05-2023
Page: 200

Global Laser Based Gas Analyzers Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. The sizes of the particles in a substance are determined using particle size analyzers for laser diffraction. By measuring the angle of light scattered as the particles go through a laser beam, the size of the particle is determined. The laser-based gas analyzer is anticipated to be primarily used by the oil and gas industry. The demand for gas analyzers using lasers may expand as a result of the rising natural gas demand in developing nations. The major driving factors for the market are rising demand for natural gas and growing end-use industry.

Obama’s administration in the US tightened regulations in 2015 to reduce methane emissions. Due to obsolete infrastructure, corporations were unable to comply with the standards in 2018, thus the Trump administration later loosened them. The International Energy Agency (IEA) reported that the usage of renewable energy in the global energy mix increased by 3% in 2020, while the demand for all other fuels decreased. This was primarily due to a 7% increase in the production of power from renewable sources. Despite challenges such as decreasing electricity demand, building delays, and supply chain disruptions caused by the pandemic, the growth of renewable energy was supported by long-term contracts, priority access to the grid, and the continued installation of new plants. Consequently, the share of renewable energy in the world’s electrical generation rose from 27% in 2019 to 29% in 2020. Moreover, high government support for laser-based gas analyzers is creating lucrative growth opportunity for the market. However, the high cost of Laser Based Gas Analyzers stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Laser Based Gas Analyzers Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the dominance of branded companies, and growing demand for natural gases. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as increase in the number of collaborations for the development of laser-based gas analyzers, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.

Major market players included in this report are:
ABB Ltd
HORIBA Ltd
KNESTEL Technology & Electronics GmbH
Honeywell International Inc.
Kaiser Optical Systems Inc.
Yokogawa Electric Corporation
AMETEK Land Instruments International
Emerson Electric Co
Siemens AG
General Electric Corporation

Recent Developments in the Market:
Ø Emerson released the Rosemount CT4400 Continuous Gas Analyzer in March 2019. It is a purpose-built QCL and TDL analyzer that measures standard components like nitric oxide (NO), nitrogen dioxide (NO2), sulphur dioxide (SO2), carbon monoxide (CO), carbon dioxide (CO2), and oxygen to help plants report emissions accurately in environmental monitoring applications (O2).
Ø ABB’s IoT solution transformed a drone into a gas detection sensor in March 2019. The analyzer from ABB uses patented cavity-enhanced absorption spectroscopy, which has a sensitivity 1,000 times greater than other leak detection methods.

Global Laser Based Gas Analyzers Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Process, Type, End-Users, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Process offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Process:
In Situ
Extractive

By Type:
Tunable Diode Laser Spectroscopy
Raman Spectroscopy
Cavity Ring-Down Spectroscopy
By End-Users:
Power
Mining and Metal
Automotive

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Laser Based Gas Analyzers Market, by Region, 2019-2029 (USD Billion)
1.2.2. Laser Based Gas Analyzers Market, by Process, 2019-2029 (USD Billion)
1.2.3. Laser Based Gas Analyzers Market, by Type, 2019-2029 (USD Billion)
1.2.4. Laser Based Gas Analyzers Market, by End-Users, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Laser Based Gas Analyzers Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Laser Based Gas Analyzers Market Dynamics
3.1. Laser Based Gas Analyzers Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for natural gas
3.1.1.2. Growing end-use industry
3.1.2. Market Challenges
3.1.2.1. High Cost of Laser Based Gas Analyzers
3.1.3. Market Opportunities
3.1.3.1. Rising government support
Chapter 4. Global Laser Based Gas Analyzers Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Laser Based Gas Analyzers Market, by Process
6.1. Market Snapshot
6.2. Global Laser Based Gas Analyzers Market by Process, Performance – Potential Analysis
6.3. Global Laser Based Gas Analyzers Market Estimates & Forecasts by Process 2019-2029 (USD Billion)
6.4. Laser Based Gas Analyzers Market, Sub Segment Analysis
6.4.1. In Situ
6.4.2. Extractive
Chapter 7. Global Laser Based Gas Analyzers Market, by Type
7.1. Market Snapshot
7.2. Global Laser Based Gas Analyzers Market by Type, Performance – Potential Analysis
7.3. Global Laser Based Gas Analyzers Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
7.4. Laser Based Gas Analyzers Market, Sub Segment Analysis
7.4.1. Tunable Diode Laser Spectroscopy
7.4.2. Raman Spectroscopy
7.4.3. Cavity Ring-Down Spectroscopy
Chapter 8. Global Laser Based Gas Analyzers Market, by End-Users
8.1. Market Snapshot
8.2. Global Laser Based Gas Analyzers Market by End-Users, Performance – Potential Analysis
8.3. Global Laser Based Gas Analyzers Market Estimates & Forecasts by End-Users 2019-2029 (USD Billion)
8.4. Laser Based Gas Analyzers Market, Sub Segment Analysis
8.4.1. Power
8.4.2. Mining and Metal
8.4.3. Automotive
Chapter 9. Global Laser Based Gas Analyzers Market, Regional Analysis
9.1. Laser Based Gas Analyzers Market, Regional Market Snapshot
9.2. North America Laser Based Gas Analyzers Market
9.2.1. U.S. Laser Based Gas Analyzers Market
9.2.1.1. Process breakdown estimates & forecasts, 2019-2029
9.2.1.2. Type breakdown estimates & forecasts, 2019-2029
9.2.1.3. End-Users breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Laser Based Gas Analyzers Market
9.3. Europe Laser Based Gas Analyzers Market Snapshot
9.3.1. U.K. Laser Based Gas Analyzers Market
9.3.2. Germany Laser Based Gas Analyzers Market
9.3.3. France Laser Based Gas Analyzers Market
9.3.4. Spain Laser Based Gas Analyzers Market
9.3.5. Italy Laser Based Gas Analyzers Market
9.3.6. Rest of Europe Laser Based Gas Analyzers Market
9.4. Asia-Pacific Laser Based Gas Analyzers Market Snapshot
9.4.1. China Laser Based Gas Analyzers Market
9.4.2. India Laser Based Gas Analyzers Market
9.4.3. Japan Laser Based Gas Analyzers Market
9.4.4. Australia Laser Based Gas Analyzers Market
9.4.5. South Korea Laser Based Gas Analyzers Market
9.4.6. Rest of Asia Pacific Laser Based Gas Analyzers Market
9.5. Latin America Laser Based Gas Analyzers Market Snapshot
9.5.1. Brazil Laser Based Gas Analyzers Market
9.5.2. Mexico Laser Based Gas Analyzers Market
9.5.3. Rest of Latin America Laser Based Gas Analyzers Market
9.6. Rest of The World Laser Based Gas Analyzers Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. ABB Ltd
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. HORIBA Ltd
10.2.3. KNESTEL Technology & Electronics GmbH
10.2.4. Honeywell International Inc.
10.2.5. Kaiser Optical Systems Inc.
10.2.6. Yokogawa Electric Corporation
10.2.7. AMETEK Land Instruments International
10.2.8. Emerson Electric Co
10.2.9. Siemens AG
10.2.10. General Electric Corporation
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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