Tunable Diode Laser Analyzer Market worth 569.2 M by 2022

Friday 3 June 2016, Amsterdam

According to the new market research report, now available on ASDReports, "Tunable Diode Laser Analyzer (TDLA) Market by Methodology (In-Situ and Extractive), Gas Analyzer Type (Oxygen (O2), Ammonia (NH3), COX, Moisture (H2O), CxHx, HX), Industry (Oil & Gas, Cement, Power), and Geography - Global Forecast to 2022" , the total market is expected to reach USD 569.2 Million by 2022, at a CAGR of 10.1% between 2016 and 2022. The major driving factor for the growth of TDLA market are increasing industrialization, increasing industry practice of replacement of traditional analyzer with TDLA, and growing process automation in various industries.

BThe oil & gas industry would hold largest market share during the forecast period

The oil & gas industry is expected to hold the largest share of the TDLA market, while the chemical & pharmaceutical industry is expected to grow at a significant rate between 2016 and 2022 in the TDLA market. In oil & gas industry, the TDLA is used for the measurement of number of gases at various check-points such as coker unit, reformer unit, alkalination unit, fluid catalytic cracking unit, and others to increase the process safety and to reduce the maintenance cost. In the current situation, presence of more than 600 oil refineries in the global market and demand to reduce the maintenance & operational cost is expected to spur the growth of the TDLA market in this industry.

In-situ–based TDLA plays a key role in the TDLA market

The TDLA market segmented on the basis of methodology covers in-situ-and extractive-based TDLA. Both types of methodology have its own advantages over each other, however, low price of in-situ-based TDLA as compared with extractive-based TDLA accounted for the largest market share of more than 70% in 2015.

APAC expected to hold the largest market share in the near future

APAC is expected to hold the largest market share and dominate the TDLA market in the near future because of increasing industrialization in APAC region. In the current scenario, APAC is a hub for various industries such as metal & mining, power, cement, pulp & paper, and others. These industries provide base for the installation of TDLA over the traditional analyzer. For instance, according to the Global Cement Directory-2015, China has more than 400 cement plants with production capacity of 1.48Bnt/yr, along with that, the number of power plants projects have been commissioned in the last few years. This kind of scenario creates opportunity for the growth of the TDLA market in this region.

The major companies in the TDLA market include Focused Photonics Inc. (China), Yokogawa Electric Corporation (Japan), Servomex Limited (U.K.), SpectraSensors, Inc. (U.S), AMETEK Process Instruments (U.S.), Neo Monitors (Norway), Siemens AG (Germany), Mettler-Toledo International Inc. (Switzerland), and others.

The scope of the report covers detailed information regarding the major factors influencing the growth of the TDLA market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the TDLA market.