Tunable Diode Laser Analyzer Market size worth $740bn by 2024: Global Market Insights Inc.

“”Growth across segments such as power, oil & gas, metal and cement which require upgraded solution for emission analysis, monitoring and carbonization are expected to be the key drivers of the global tunable diode laser analyzer market.””
“Tunable Diode Laser Analyzer (TDLA) Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2016 – 2024”

Tunable Diode Laser Analyzer (TDLA) Market size was over USD 290 billion in 2015, is expected to grow at 11% CAGR and reach over USD 740 billion by 2024. 

Industrial applications prefer TDLAs owing to their quick response, optimized installation cost, easy maintenance and wide range of equipment for different applications; eventually replacing traditional systems such as zirconia and paramagnetic analyzer. Increasing demand for boilers and DeNox systems due to industrialization and automated solution adoption will drive the TDLS (S-Spectrometer) segment.

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The oil & gas industry held the largest tunable diode laser analyzer market share in 2015 owing to its multiple uses for measurement of different gases at different control points such as cracking unit, fluid catalytic, alkalination unit, reformer unit and coker unit for safety and optimized maintenance cost. The oil & gas industry is expected to continue its dominance over the forecast period on account of the presence of a considerable number of oil refineries across the globe. 

Tunable diode laser analyzer market applications are not limited to monitoring. Advanced features used for environment friendly solutions and optimization of costs are projected to provide better ROI on installation. The trending advancement for application in controlling purposes is expected to fuel the growth over the forecast timeframe. Availability of low cost technological solutions in the industry due to large number of competitors is foreseen to negatively affect the OEMs as well as the end-use industry. The technological advancement is majorly challenged by the higher lead times in the equipment which majorly impacts the effect of the qualitative efficiency of the process industry. 

Demand for noise reducing mechanical designs for narrowed laser line width and increased robustness for thermal and mechanical isolation will present growth avenues in the coming years. Opportunities for key players lie in the quality of upgrade and migration services. Small participants may get an opportunity to stabilize in the industry owing to favorable tunable diode laser analyzer market price trend. 

In situ diode analyzer market share was the largest in 2015 due to economical pricing. By gas type, the industry is segmented into Ammonia (NH3), Oxygen (O2), COX, HX, moisture (H2O) and CXHX analyzers. Oxygen based TLDAs are expected to register highest CAGR through the forecast. Controlling and monitoring in various industries with high efficiency mandate the installation of oxygen based tunable analyzers at different checkpoints such as pre-heater exit, syngas, coal silo, coal mill, calciner and rotary kiln inlets, eventually imparting return on investment to this segment of the industry.

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Asia Pacific tunable diode laser analyzer market size is projected to be fueled by considering increasing industrialization in the region. Growth of industries, mainly cement, power, metal & mining, pulp and paper industries in the region, will provide basis for growth in the region. Increased commissioning of power plant projects and existing total of cement industries in China is expected to provide better opportunities for tunable diode laser analyzer market expansion. 

Key participants in the industry include Yokogawa Electric Corp., Focused Photonics, ABB Ltd., Ametek, Spectrasensors, Servomex Ltd., Siemens AG, Sick Ag, Neo Monitors and Mettler Toledo International. Key players aim to cater technological solutions with minimum investment coupled with maximum generated returns as part of their key strategy. Other strategies adopted to propel growth may include collaboration, mergers, partnerships and business expansion.


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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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