Tunable Diode Laser Analyzer Market

Growing concern about the hazards of toxic gases in gas fields, oil fields, and mines drives the global market for tunable diode laser analyzers. The demand for tunable diode laser analyzers is on the rise across several industries all over the world. Expanding at a 10.2% CAGR between 2015 and 2021, the global tunable diode laser analyzer market is anticipated to reach a market value of US$548.8 million in 2021, up from US$280 million in 2014. The demand for tunable diode laser analyzers in industries mainly arises from the need for emission control.

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Tunable diode laser analyzers measure and identify the quantity of water, carbon dioxide, and methane in several gas mixtures. Tunable diode laser analyzers are mainly applied in the areas of hydrocarbon processing and power generation. A prominent characteristic feature of a tunable diode laser analyzer is its ability to detect gas and even measure the same at extremely low concentrations. In fact, it has the capacity to give the exact measurement of gases even if found in trace amounts.

Technological Improvements Keep the Market on the Rise

Type, application, and geography are the three parameters based on which the global tunable diode laser analyzer market is segmented. In-situ is the type used extensively in most areas of application. The various industries that make use of tunable diode laser analyzers are cement, fertilizer, oil and gas, power, pulp and paper, mining and metal, healthcare, and others. The oil and gas segment leads the global market for tunable diode laser analyzers and will retain its leading position in the forecasting horizon as well.

Over the years, the demand for gas detectors has increased owing to the greater proliferation of industries on the one hand and the consequent increase in pollution levels...