DUBLIN--(BUSINESS WIRE)--The "Gas Analyzer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global gas analyzer market reached a value of US$ 3.5 Billion in 2017. The market is further expected to reach a value of US$ 4.5 Billion, exhibiting a CAGR of 4.1% during 2018-2023.
Government legislations and the enforcement of occupational health and safety regulations remain one of the principal factors boosting the growth of the global gas analyzer market. This has further been supported by rising awareness among the consumers regarding the safety hazards of gas leaks and emissions. Additionally, an increase in shale gas and tight oil explorations have stimulated the demand for gas analyzers worldwide. The analyzers are also being integrated with smartphones and other wireless devices so as to provide additional features such as real-time monitoring, remote-control and backing up data logs. These technological advancements are projected to widen the applications of gas analyzers, thereby adding to the market growth.
The report has segmented the market on the basis of application, covering oil and gas, power, chemical, food and beverages, pharmaceutical and others. Amongst these, oil and gas represents the largest application segment for gas analyzers.
The report has further analysed the market on a regional basis. Currently, Asia-Pacific is the leading market, followed by North America, Europe, Middle East and Africa, and Latin America.
On analysing the import and export trends of the market, the report finds that China is the biggest importer, whereas, Germany holds the majority of the export shares.
- ABB Group
- Emerson Electric
- General Electric
- Figaro Engineering Inc.
- Thermo Fishers Scientific
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Gas Analyzer Market
6 Market Breakup by Application
7 Market Breakup by Region
8 Imports and Exports
9 Gas Analyzer Manufacturing Process
10 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/lqcp7f/global_gas?w=4