Market Leadership - Tunable Diode Laser Analyzer (TDLA) Market
The tunale diode laser analyzer (TDLA) market size is expected to grow from USD 400 million in 2020 to USD 569 million by 2025, at a CAGR of 7.3% during the forecast period. The growth of the TDLA market is driven by factors, such as the increasing industrialization and growth & upgradation of new power plants, increasing demand for boilers and DeNOx systems in varios industries, advanced features of TDLA and return on investment (RoI) on installation.Other major driving factors for TDLAadoption include growing process automation in various industries. Current and post COVID-19 growth prospects in pharmaceuticals and healthcare industries are increasingly encouraging the use of TDLA products.
In 2020, the TDLA market was dominated by Emerson Electric Co. (US), Yokogawa Electric Corporaton (Japan), Servomex (UK), SpectraSensors (Switzerland), and AMETEK Inc. (US). A few of the major strategies adopted by these players to compete in the TDLA market include product launches, partnerships, and agreements have been carried out by the players in the TDLA market from 2017 to 2020. There were also a significant number of product launches, partnerships, collaboration, and agreements during this period.
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Emerson Electric Co. (US) was founded in 1980 and is headquarter in Missouri, US. The company is involved in manufacturing and developing of measurement and analytical instrumentation, industrial valves & equipment; process control systems, tools & appliance solutions in a range of automation solutions and commercial and consumer markets. The company operates through the following segments: automation solutions and commercial & residential solutions. The company offers tunable diode laser analyzer products through its automation solutions segment. The company’s automation technologies help several organizations to improve their analyzers performance at a reduced cost. Emerson Electric Co. has ramped up the production by using ultrasonic equipment for manufacturing and delivering surgical face masks, face shields, disposable hygiene gowns and filter media.
Yokogawa Electric Corporation (Japan) Yokogawa Electric Corp. was founded 1915 and is headquartered at Tokyo, Japan. Yokogawa Electric Corporation is a leading provider of measurement, control, and IT products. The company operates through the following segments: industrial automation & control, test & measurement, and aviation & other. The industrial automation and control segment offer control systems for production facilities such as programmable controllers, flow meters, differential pressure and pressure transmitters, process analyzers, and industrial recorders. The company offers the various gas analyzer products based on TDLA technology for the measurement of the gas such as oxygen, carbon monoxide, carbon dioxide, methane, moisture, ammonia, and other under its industrial automation & control business segment. The company serves the marketplaces such as oil and gas, metal and mining, power, and others.
Related Reports:
Tunable Diode Laser Analyzer (TDLA) Market by Methodology (In-Situ and Extractive), Gas Analyzer Type (Oxygen,, Ammonia, COX, Moisture, CxHx, HX), Industry (Oil & Gas, Cement, Power), and Geography - Global Forecast to 2025
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