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The industry size from the electrochemical segment will observe 5% growth during 2023 to 2032. The segment expansion can be credited to the rising emission levels across several end-use verticals and the subsequent rise in demand for emission monitoring systems. These units are suitable for process control and quality maintenance and are widely utilized across various applications, including factories and research institutions, to ensure safety measures, further complementing product deployment.
The gas analyzer systems market revenue from the oil & gas segment to reach 1.5 billion by 2032. The rising demand for gas monitoring systems and accelerating measures to minimize harmful gaseous emissions are anticipated to fuel the product demand in this sector. The sheer turnaround can be attributed to their ability to measure corrosive mixture gases and water vapors to perform efficient & safe operations, thus propelling segment gains.
The North America gas analyzer systems industry is primed to attain 5% CAGR through 2032. The enhanced industrialization across different sectors and the positive outlook by the regional administrations to cut the carbon footprint will favor the regional business statistics.