Tunable Diode Laser Analyzer Market to Surpass US$ 935.33 Million by 2028

 

According to our latest study on "Tunable Diode Laser Analyzer Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Measurement Type, Gas Analyzer Type, and Industry Application," the market is expected to grow from US$ 590.89 million in 2021 to US$ 935.33 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2022 to 2028.

The tunable diode laser analyzer market analysis is segmented into five major regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South America. In 2020, Europe led the market with a substantial revenue share, followed by APAC and North America, respectively. In Europe, tunable diode lasers are becoming increasingly popular in the pharmaceuticals and healthcare industries. In the pharmaceuticals industry, tunable diode laser absorption spectroscopy (TDLAS/WMS) based on wavelength modulation exhibits great potential in in-site oxygen concentration detection due to non-contact, low-cost operation with high sensitivity and real-time response. As a result, the demand for tunable diode laser analyzers is growing in this industry to maintain the ingredient stability of sterile pharmaceuticals. With growth in TDLA in pharmaceuticals industry, the tunable diode laser analyzer market size is projected to rise with a huge volume.

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The tunable diode laser analyzer market analysis is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. In 2021, Europe led the market with ~40% share, followed by Asia Pacific and North America, respectively.

The European Commission has proposed the implementation of a carbon tariff from 2026. The new proposed tax is part of the EU's climate change policies, aiming to reduce greenhouse gas emissions by more than 50% by 2030. According to a new European Environment Agency (EEA) assessment, the European Union (EU) met its three main climate and energy goals in 2020—a 20% reduction in emissions, a 20% increase in renewable energy use, and a 20% improvement in energy efficiency. Such stringent government policies and targets to reduce the carbon footprints forced many industrial verticals to adopt energy-efficient products and services, which is expected to bolster the demand for tunable diode laser analyzers in Europe and as a result contributing towards the growth of tunable diode laser analyzer market.

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Impact of COVID-19 Pandemic on Tunable Diode Laser Analyzer Market

The COVID-19 pandemic, as well as consequent limitations on international trade, led to considerable disruptions in industry supply chain operations in 2020 and 2021. Moreover, as the global oil prices plummeted significantly due to limited demand and continuous production by oil-producing countries, there was a considerable decline in production activities among major oil-producing countries. Consequently, the discontinuation of oil & gas activities virtually disrupted the demand for any related products and services, including gas analyzers in the oil & gas sector. The sudden onset of the COVID-19 pandemic adversely impacted operations at facilities manufacturing industrial automated solutions, leading to low production volumes.

The tunable diode laser analyzer market analysis is segmented on the basis of measurement type, gas analyzer type, industry application, and geography. Based on measurement type, the market is segmented into in-situ and extractive. Based on gas analyzer type, the market is segmented into oxygen analyzer, ammonia analyzer, COx analyzer, moisture analyzer, Hx analyzer, CxHx analyzer and others. Based on industry application, the tunable diode laser analyzer market is segmented into power, oil & gas, mining & metal, chemicals, fertilizers, cement, and others. In terms of geography, the market is segmented into North America (US, Canada, and Mexico), Europe (France, Germany, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, India, South Korea, Japan, and Rest of APAC), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of MEA), and South America (Brazil, Argentina, and Rest of SAM).

Emerson Electric Co., Siemens AG, ABB Ltd, Mettler Toledo, Teledyne Analytical Instruments, Yokogawa Electric Corporation, Unisearch Associates Inc., NEO Monitors AS, Axetris AG, and Boreal Laser Inc. are among the major tunable diode laser analyzer market players existing in the ecosystem.

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