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Asia Pacific Gas Analyzer Systems Market exceeded USD 450 million in 2021 and is poised to exhibit more than 5% CAGR during 2022 to 2030. This is a result of the introduction of strict government regulations to curb greenhouse gas emissions.
Emissions of carbon dioxide and other GHGs are among the primary drivers of ozone depletion and climate change, especially in developing nations. The Asia Pacific, for example, is contributing to higher emission levels due to dense population levels in countries such as India, China, and Australia. These factors have encouraged government bodies to implement stringent policy frameworks to keep track of carbon footprint. To cite an instance, in July 2022, Vietnam announced a national strategy to mitigate climate change and achieve a net-zero GHG emission target by 2050.
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Environmental health policies such as these will facilitate the production of industrial gas analyzer instruments to monitor air pollutants and ensure emission compliance. Due to the requirement for operational precision and critical applications, however, gas analyzers are associated with high manufacturing costs. The product is also consistently engaged in the measurement of low-concentration gases in end-use industries. Emission level monitoring over long periods, along with the need for frequent product calibration, may hamper industry expansion to a certain extent.
Report Coverage | Details |
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Base Year: | 2021 |
Market Size in 2021: | 463.8 Million (USD) |
Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 5.8% |
2030 Value Projection: | 770 Million (USD) |
Historical Data for: | 2018 to 2021 |
No. of Pages: | 250 |
Tables, Charts & Figures: | 200 |
Segments covered: | Technology, End-Use |
Growth Drivers: |
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Pitfalls & Challenges: |
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Asia Pacific gas analyzer systems market revenue from the electrochemical technology segment is slated to register over 5% CAGR through 2030. The increasing requirement for ambient air quality maintenance and the measurement of carbon monoxide, nitrous oxide, carbon dioxide, and other harmful gases are prominent reasons driving technology deployment. Electrochemical-based units are also suitable for process and quality control and are used for ensuring safety in applications such as research institutions and factories, further fostering product consumption.
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The market size from the healthcare application is anticipated to depict around 6% CAGR between 2022 to 2030, given the emergence of gas analysis as a promising method for early disease detection and diagnosis. Researchers have documented the evidence of the presence of volatile organic compounds in the breath related to lung and breast cancer. These factors will promote the analysis of exhaled breath to detect VOCs that could indicate diseases and consequently augment the production of medical gas analyzers.
Over the past decade, Asian countries have become the epicenter of the pharmaceutical industry. China, in particular, has witnessed consistent double-digit growth, underpinned by high healthcare spending, favorable regulatory environments, and ongoing infrastructure expansions. Such developments will proliferate the consumption of gas analyzers to ensure adherence to the modified atmosphere packaging practice across the pharma sector in the region. Medical gas analysis can also accelerate the delivery of unadulterated medicine and supplies.
The China gas analyzer systems market size is set to surpass USD 210 million by 2030, considering the rise of emissions from established mining and metal industries. Based on data from the IEA, the country released 9,876.5 megatons of carbon dioxide, becoming the top producer in December 2021, mainly due to the extensive dependence on coal as an energy source. These factors have resulted in the introduction of strict emission standards for oil and gas and power plants, thereby propelling the demand for gas analyzers across the country.
ABB, Thermo Fisher Scientific Inc., DURAG Group, M&C TechGroup Germany, Leybold, METTLER TOLEDO, Novatech Controls Pty Ltd., Yokogawa Electric Corporation, DAIICHI NEKKEN CO., LTD., HORIBA Group, Siemens, Fuji Electric Co., Ltd., and ENDEE ENGINEERS Pvt. Ltd. are some of the key companies operating in the APAC gas analyzer systems market. These companies are focusing on strategies such as product range expansions to gain a competitive edge and boost their presence in the market.
For instance, in April 2022, Horiba added two products, FTX-ONE-RS and FTX-ONE-CL, to its FTIR exhaust gas analyzer series. The products leveraged its Fourier Transform Infrared Spectroscopy technology to precisely measure the gas concentration of over 28 components in exhaust gases. This product launch was initiated to enable the company to establish a strong foothold in the regional industry.
In the second quarter of 2020 following the COVID-19 outbreak, manufacturing output and working hours witnessed an annual decline. Primary metals, machinery, and fabricated metal products were among the hard-hit manufacturing industries. These factors may have resulted in the reduced usage of equipment such as gas analyzers in steel mills and other heavy industry applications. However, the gradual ease in lockdown restrictions and the recovery of the regional manufacturing sector will drive the development of gas analyzer systems over the estimated timeline.
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Market Insights, By Technology
Market Insights, By End-Use
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