HOME Press Releases Tunable Diode Laser Analyzer Market worth 569.2 Million by 2022



Tunable Diode Laser Analyzer Market worth 569.2 Million by 2022


According to the new market research report "Tunable Diode Laser Analyzer (TDLA) Market by Methodology (In-Situ and Extractive), Gas Analyzer Type (Oxygen (O2), Ammonia (NH3), COX, Moisture (H2O), CxHx, HX), Industry (Oil & Gas, Cement, Power), and Geography - Global Forecast to 2022" , the total market is expected to reach USD 569.2 Million by 2022, at a CAGR of 10.1% between 2016 and 2022. The major driving factor for the growth of TDLA market are increasing industrialization, increasing industry practice of replacement of traditional analyzer with TDLA, and growing process automation in various industries.

Browse 73 market data tables with 87 figures spread through 180 pages and in-depth TOC on "Tunable Diode Laser Analyzer (TDLA) Market - Global Forecast to 2022"
http://www.marketsandmarkets.com/Market-Reports/tunable-diode-laser-analyzer-market-120588467.html
Early buyers will receive 10% customization on reports.

The oil & gas industry would hold largest market share during the forecast period

The oil & gas industry is expected to hold the largest share of the TDLA market, while the chemical & pharmaceutical industry is expected to grow at a significant rate between 2016 and 2022 in the TDLA market. In oil & gas industry, the TDLA is used for the measurement of number of gases at various check-points such as coker unit, reformer unit, alkalination unit, fluid catalytic cracking unit, and others to increase the process safety and to reduce the maintenance cost. In the current situation, presence of more than 600 oil refineries in the global market and demand to reduce the maintenance & operational cost is expected to spur the growth of the TDLA market in this industry.

In-situ–based TDLA plays a key role in the TDLA market

The TDLA market segmented on the basis of methodology covers in-situ-and extractive-based TDLA. Both types of methodology have its own advantages over each other, however, low price of in-situ-based TDLA as compared with extractive-based TDLA accounted for the largest market share of more than 70% in 2015.

APAC expected to hold the largest market share in the near future

APAC is expected to hold the largest market share and dominate the TDLA market in the near future because of increasing industrialization in APAC region. In the current scenario, APAC is a hub for various industries such as metal & mining, power, cement, pulp & paper, and others. These industries provide base for the installation of TDLA over the traditional analyzer. For instance, according to the Global Cement Directory-2015, China has more than 400 cement plants with production capacity of 1.48Bnt/yr, along with that, the number of power plants projects have been commissioned in the last few years. This kind of scenario creates opportunity for the growth of the TDLA market in this region.

The major companies in the TDLA market include Focused Photonics Inc. (China), Yokogawa Electric Corporation (Japan), Servomex Limited (U.K.), SpectraSensors, Inc. (U.S), AMETEK Process Instruments (U.S.), Neo Monitors (Norway), Siemens AG (Germany), Mettler-Toledo International Inc. (Switzerland), and others.

The scope of the report covers detailed information regarding the major factors influencing the growth of the TDLA market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the TDLA market.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports