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Stationary Gas Analyser Market Forecast to Reach $1.5 Billion by 2026

(IT-NEWSWIRE.COM, October 21, 2021 ) The Global Stationary Gas Analyser Market is forecast to reach $1.5 billion by 2026, growing at a CAGR of 2.9% from 2021 to 2026. The market growth is attributed to the factors such as increasing demand for environmental conservation, strict environmental and legal legislation, and growing worries regarding health and safety. Moreover increasing mining activities as well as growing industries across the globe is also propelling the market growth. Safety personnel utilize a number of handheld devices to track dangerous quantities of substances such as nitrogen dioxide (N02), FREON 21, ammonia ( NH3), oxygen analyzer (02) and other gases during restricted space entry and shuttle safety operations. Each compound is monitored using a single gas monitor/analyser and real time analysis. Consequently, they are difficult to carry out, so they fail to do the task of controlling the physical taxation of workers. The aim of the Multi-Gas Sensor Assessment is to assess the markets for the replacement instrumentation, which will incorporate the analytical capability of multiple analysers into one compact Stationary device.

Stationary Gas Analyser Market Segment Analysis - By Type

Multi gas segment held the highest market share of Stationary gas analyser in 2020 at 63% share in 2020. Moreover, it is anticipated to witness the significant market growth during the forecast period 2021-2026. Many applications need more than one gas to be analysed. Traditionally, advanced machinery and more than one specific analyser are deployed to test more than one gas. It culminated in very complicated structures with a wide footprint and high expense for the cabinet. Gas analysis systems were developed with the technological advances that integrate multiple analyses into a single instrument at a reasonable price. Simplicity and modularity concepts also helped drive the creation of such devices.

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Stationary Gas Analyser Market Segment Analysis - By Technology Type

Stationary gas analyser market is segmented into Electrochemical, Paramagnetic, Zirconia (ZR), Non-dispersive IR (NDIR), others on the basis of technology type. Non-dispersive IR (NDIR) segment is anticipated to witness the significant market growth at 3.9% during the forecast period 2021-2026. NDIR analysers use infrared radiation to perform their function. In a typical NDIR analysis operation, the infrared lamp directs the infrared light to the gas sample. The illumination travels into the gas ions and the optical shield into the infrared light detector. When the light is detected by the detector, the concentration of a given gas may be measured. Non-dispersive infrared (NDIR) analysers employ the use of specialized sensors to measure gas concentrations in the surrounding atmosphere. NDIR analysers accommodate the analysis of a wide range of gases, including carbon dioxide (CO2), carbon monoxide (CO), methane (CH4), and sulphur dioxide (SO2). NDIR analysers are used to analyse these gases in different industrial applications. NDIR analysers are suitable for measuring sample gases in both high and low concentrations. As they are highly durable, even when exposed to oxidizing compounds, they offer long service lives and low life-cycle costs. All these factors that favours the industrial applications to safeguard the environment contributes to the market growth.

Stationary Gas Analyser Market Segment Analysis By Geography

APAC region is anticipated to witness significant market growth during the forecast period 2021-2026 at 3.7% CAGR. Industrial development in this region is driving the growth of Stationary gas analysers, owing to their advantages including process control, improved protection, increased productivity and consistency. It is anticipated that the rise in demand for low-cost, high-precision goods across emerging countries such as India, Malaysia, etc., would fuel business development. For instance, China strives to become the global leader in pollution reduction and has firmly embraced selective catalytic reduction (SCR) as the mandatory post-combustion NOx management mechanism for all large power plants. Additionally, increased implementation of restrictions by countries like China, Japan and South Korea allowed companies to invest in advanced gas analysers. End-user companies are also likely to spend in protection technologies for keeping environment safe. In May 2019, Micro-Stationary Greenhouse Gas Analysers (M-GGA-918 and M-GPC-918) was launched by ABB. This product report fugitive emissions measurements of methane and carbon dioxide simultaneously in a 5.4kg, handbag-size, package that is compact and crushproof. This allows leak detection from distances far from the source and with much greater reliability. Such product launches leverages a positive impact on the market growth.

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Stationary Gas Analyser Market Drivers

Environmental concerns

Environmental protection is an important concern for today's world. Policy regulations and industry organization promote using the continuous emission monitoring system (CEMS) in manufacturing plants to insure employees, the workforce and the community are safe. Within the CEMS program, a Stationary gas analyser performs a significant function in securing the environment from poisonous and harmful chemicals. Consequently the efficiency of the plant increases thereby propelling the market growth.

Rise in Industrialization and Urbanization drives market growth

Fast growing economies in Asia-Pacific and North America are contributing exponentially in stationary Gas Analyzer Market. Due to rise in Urbanization and Industrialization, the demand for stationary Gas Analyzer in various Oil & Gas industries, Healthcare, Power plants has increased rapidly. This has promoted the developments in manufacturing of stationary Gas Analyzer among which the adoption of Wireless Gas analyzers has brought a major uplift in its market growth. To maintain safety and security in the workplace of these industries, the adoption of stationary Gas Analyzer has brought a major boost in the market growth.

Stationary Gas Analyser Market Challenges

High cost of implementation for small scale industries

With the technological advancements, equipment are also upgraded. Cost factor, thereby, matters for the market growth. High implementation costs for small-scale production plants and low awareness in certain regions can pose a major challenge to the growth of the market for Stationary gas analysers.

Stationary Gas Analyser Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Stationary gas analyser market. As of 2020, the market for Stationary gas analyser market is consolidated with the top players including ABB Ltd, Honeywell International Inc., Emerson Electric Co., Siemens AG, Yokogawa Electric Corporation, Fuji Electric Co. Ltd., ETG Risorse, Los Gatos Research, Inc., Gasmet Technologies Oy and among others.

Acquisitions/Technology Launches/Partnerships

In October 2020, ABB launched Microguard Solution which detects dangerous gas leaks as it uses laser based technology. Through this the surveyors can quickly find the leaks on foot.

In May 2020 General Electric Corporation, launched Grain-size Gas analyzer, an extraordinary new gas sensor design that achieves a level of performance previously thought unfeasible with conventional gas sensors. With Bloodhound-like Sensing Capabilities ideal for Wearable or Drone-based Formats in Industrial Safety.

Key Takeaways

Stationary gas analysers are used to maximize the quantity of fuel supply, the analysis of dangerous poisonous gases, and the correct composition of the mixture of gasses required for the refining phase. Thus with growing mining activities market growth for Stationary gas analysers increases.

APAC region is anticipated to witness significant market growth during the forecast period 2021-2026. The market growth is owing to rapid industrialisation, technological growth, rising environment concerns, strict government regulations and others.

Related Reports:

A. TDLAS Gas Analyzer Market

B. Gas Sensor and Analyser Market

For more Automation and Instrumentation Market reports, please click here

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Venkat Reddy

(+1) 970-236-3677

Source: EmailWire.Com


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