Market Size of Laser-based Gas Analyzers Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 544.80 Billion |
| Market Size (2029) | USD 732.51 Billion |
| CAGR (2024 - 2029) | 6.10 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Laser Based Gas Analyzers Market Analysis
The Laser-based Gas Analyzers Market size is estimated at USD 544.80 billion in 2024, and is expected to reach USD 732.51 billion by 2029, growing at a CAGR of 6.10% during the forecast period (2024-2029).
The global demand for laser-based gas analyzers has been boosted by increased shale gas and tight oil discoveries since these resources are utilized to stop corrosion in the infrastructure of natural gas pipelines. The use of laser-based gas analyzers has also been enforced in several industrial settings by government law and the enforcement of occupational health and safety rules.
- The growing public consciousness of the dangers of gas leaks and emissions contributed to the increased adoption of laser-based gas analyzers. Manufacturers are integrating laser-based gas analyzers with mobile phones and other wireless devices to offer real-time monitoring, remote control, and data backup.
- Moreover, the growing awareness of workplace toxic and hazardous gas-related dangers is also driving the adoption of laser-based gas analyzers, especially in the oil and gas, chemicals and petrochemicals, and metals and mining industries.
- Further, automotive emission analyzers gained popularity in the market due to government stringencies over the CO2 emissions from vehicles. Automotive manufacturers are making efforts to improve their engine performances, to combat CO2 emissions. Hence, many automotive and automotive testing companies are adopting laser-based gas analyzer systems.
- Increasing competitiveness and reducing exposure to risk is common to all manufacturers in the market. This translates into increased product complexity, constant pressure on costs, and legislated minimization of environmental footprint, which in turn requires better control, more cheaply and with less waste.
- During the COVID-19 pandemic, the growing investments by governments to support scientific progress and infrastructure in several industries, coupled with the focus on R&D and automation, have significantly impacted the studied market.
