Gas Analysis Accessories Market – Snapshot
The gas analysis accessories market is rapidly growing on the back of various factors. Among these factors, the oil and gas industry is playing a significant role in the market. Further, the proficiency of various gas analysis accessories to monitor and test petroleum products to ensure the quality of fuels before distribution is anticipated to drive demand in the gas analysis accessories market.
These gas analysis accessories are also developed for particle tracking at ultra-levels of ppb, ppt, and ppm. Governments from different countries have legislated various workforce mandates and concerns to encourage the use of this equipment. This factor is estimated to bring numerous growth opportunities in the gas analysis accessories market.
The gas analysis accessories play a vital role for the safety systems to analyze the concentration and presence of gases in the close-confined area. These devices from the gas analysis accessories market buzz if the gas decreases or increases by a specific value. It also indicates an unfavorable environment in the close-confined area. Owing to this safety factor, the gas analysis accessories market is estimated to experience growth opportunities.
The gas analysis accessories are increasingly used in industrial plants, refineries, automobiles, household activities, and wastewater treatment. On the back of the increasing application of these devices, the gas analysis accessories market is likely to boost significant demand opportunities in the upcoming years.
There is an increase in the demand for gas analysis accessories in the petrochemical industry. These accessories are demanded to analyze various gases such as oxygen, hydrogen, and methane. There are a few limitations related to the traditional gas analysis accessories. So, it leads to the increasing demand for enhancements of functionalities and features of the gas analysis accessories. The prices of these instruments have been influenced by the incorporation of various premium features. This factor is projected to confine the sales prospect in the gas analysis accessories market.
Gas Analysis Accessories Market – Introduction
Gas analysis accessories form an integral part of the safety systems for analyzing the presence and concentration of gases in a close-confined area. The accessories connected to a control system buzzes when the level of gas increases or decreases by a specific value and indicates unfavorable environment. Increasing applications of gas analysis accessories have been found in the detection of toxic, combustible, and flammable gases in wastewater treatment, household activities, automobiles, refineries, and industrial plants.
Miniaturization of devices has reflected on the sizes of gas analysis accessories, which is likely to increase their marketability in the upcoming years. Positive outlook on the growth prospects of the gas analysis accessories market can be envisaged with the rising demand for emergency response systems ascending from the automobiles and aerospace industries. In addition, gas analysis accessories have been gaining grounds as a safety measure for workforces in the industries and the adoption trend is anticipated to remain sustained as industrial revolution catches an accelerated pace.
Gas Analysis Accessories Market – Notable Developments
Thermo Fisher Scientific
Incorporated in 2006, Thermo Fisher Scientific is based in Massachusetts, the U.S. The American biotechnology development company was created by the merger of Fisher Scientific and Thermo Electron. The company operates with a purpose to offer analytical instruments, pharmaceutical products, discovery and diagnostics, analysis, software and services for research manufacturing, reagents and consumables, and analytical instruments.
Established in 1875, Shimadzu Corporation is located in Kyoto, Japan. The company is market leader in developing analytical and measuring solutions that include gas chromatograph, electron microscope, spectrum camera, and x-ray devices. It holds a significant position in the development of ‘state-of-the-art’ technology for quality control, research, and development processes in industries.
Found in 1999, Agilent Technologies is headquartered in the U.S. The forerunning research and development company offers analytical software, devices, instruments, and services for the laboratory workflow for industries such as food, pharmaceutical, environmental, diagnostics, research, and chemical and energy.
Founded in 1969, Danaher Corporation is based in Washington D.C., U.S. The diversified conglomerate company comprise of solutions in industries such as dental, diagnostics, life sciences, and environmental and applied solutions. The firm consists over 30 operating companies and operates with a purpose to help its customers solve complex challenges for enhancing the quality of life.
Incorporated in 1937, Perkinelmer is headquartered in Massachusetts, the U.S. The American company focuses on areas such as life sciences, diagnostics, food, environment, and industrial testing. The company operates with a purpose to innovate solutions for a healthier world. It registered a revenue of nearly $3 Bn in 2018 and holds about 3,500 patents.
Found in 1668, Merck Group is located in Darmstadt, Germany. The company operates in over 70 countries and boasts its position as a leading pharmaceutical company. The company holds research and development facilities in Darmstadt, Beijing, Tokyo, and Boston. The rich product portfolio of the company includes biopharmaceuticals, small molecules, over-the-counter medicines, liquid crystals, life sciences and performance chemicals.
Some of the most prominent competitors operating in the competitive landscape of global gas analysis accessories market include –
Gas Analysis Accessories Market - Dynamics
Applications of Gas Analysis Accessories in Oil and Gas Industry to Influence the Market Growth
The gas analysis accessories market has been growing steadily with a significant share acquired by the oil and gas industry. Proficiency of
gas analysis accessories in monitoring and testing of petroleum products for ensuring the quality of the fuels prior to their distribution has been driving their demand. In addition, such equipment are developed to trace the particles at ultra-levels of ppm, ppt, and ppb. Workforce safety concerns and mandates as legislated by governments of numerous countries have been encouraging the use of these equipment, which holds promising growth opportunities for the gas analysis accessories market.
High Cost of Gas Analysis Accessories to Hinder the Market Growth
Demand for gas analysis accessories has been rising in the petrochemical industry for the analysis of gases like methane, hydrogen, and oxygen. With the limitations offered by the conventional gas analysis accessories, manufacturers have been endeavoring towards enhancing the features and functionalities of the instruments. However, incorporation of premium features has significantly influenced the price of gas analysis accessories, which is likely to confine their sales prospects.
Gas Analysis Accessories Market – Segmentation
The gas analysis accessories market can be segmented on the basis of:
Gas Analysis Accessories Market Segmentation – By Instruments
Depending on the instruments, the gas analysis accessories market can be divided into:
Gas Analysis Accessories Market Segmentation – By Consumables
Based on the consumables, the gas analysis accessories market can be fragmented into:
Gas Analysis Accessories Market Segmentation – By End-user Industries
On the basis of end-user industries, the gas analysis accessories can be divided into:
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