Hydrocarbon Gas Analyzer System Market Size - By Technology (Electrochemical, Paramagnetic, Zirconia (ZR), Non-dispersive IR (NDIR)), & Forecast, 2023 – 2032

Hydrocarbon Gas Analyzer System Market Size

Hydrocarbon Gas Analyzer System Market was valued at USD 1.05 billion in 2022 and is predicted to showcase about 5.3% CAGR between 2023 and 2032, propelled by the consistent introduction and enforcement of stringent gas emission regulations and standards. Shifting focus towards embracing advanced technological systems and the implementation of strategic reforms by regulatory authorities to actively monitor emission levels is to fuel the industry's expansion. In addition, the increasing demand for energy-efficient technologies to measure the concentration of harmful gases in the oil and gas sector, coupled with the widespread integration of advanced automated solutions, presents significant opportunities for market growth.
 

The hydrocarbon gas analyzer systems market have witnessed substantial growth in recent years, driven by the escalating focus on environmental regulations and the imperative to mitigate air pollution while upholding air quality standards. These gas analyzer systems have proven instrumental across oil & gas sector to actively monitor and control harmful gaseous emissions, thereby curbing environmental impact and ensuring adherence to regulatory requirements. Moreover, the ability of these units to play a vital role in monitoring harmful gaseous emissions as the sector seek comprehensive solutions to address environmental concerns and maintain compliance with evolving regulations, further increasing product deployment.

The oil & gas industry is increasingly focused on adhering to emissions regulations and promoting environmental sustainability which is set to accelerate the product demand. These technologies are seamlessly incorporated into comprehensive monitoring systems, delivering real-time data on emission levels. This enables the sector to actively monitor its compliance with environmental standards and take the requisite actions to minimize emissions, thereby contributing to enhanced air quality.
 

The integration of advanced, efficient, and reliable gas monitoring units has created a sustainable foundation for the hydrocarbon gas analyzer system market. Moreover, consumer preferences for deploying reliable and efficient components to safeguard the environment and monitor the emissions and air quality have further strengthened the industry's position. The evolving measures to optimize the industry’s operation, introduction of stern regulatory standards and reducing the impact of emissions on the environment has further created a favorable business landscape.
 

COVID-19 Impact

The COVID- 19 outbreak has impacted the overall hydrocarbon gas analyzer systems market as various countries faced economic challenges during the pandemic, leading to reduced investment in infrastructure projects. This slowdown in infrastructure spending impacted the demand for these units as new projects were delayed or postponed. As utilities faced financial constraints and reduced resources, the emphasis shifted towards maintenance and reliability of existing oil & gas infrastructure. As industries recover and prioritize sustainability objectives, the demand for these systems is anticipated to recover and sustain growth owing to the increased emphasis on environmental concerns and meeting regulatory compliance.
 

Hydrocarbon Gas Analyzer System Market Trends

Within the oil & gas industry, gas analyzers play a pivotal role in ensuring operational safety, efficiency, and regulatory compliance. These devices are deployed to scrutinize and assess the gas composition at various stages of production, spanning from exploration to refining. Moreover, gas analyzers are indispensable for process optimization, facilitating better control over variables including combustion efficiency in furnaces and boilers. In terms of regulatory compliance, the products are instrumental in monitoring emissions to ensure they align with permissible limits. The precise analysis of gas composition is also crucial for maintaining quality control in the production of oil & gas products further accelerating the product demand.
 

Hydrocarbon Gas Analyzer System Market Analysis

Based on technology, the electrochemical gas analyzer systems will exhibit 5% CAGR from 2023 to 2032. The growth of this segment can be attributed to the increasing levels of emissions in various operations, leading to a heightened demand for emission monitoring systems. These systems are well-suited for process control and quality maintenance, finding extensive use in diverse applications including oil & gas applications and research institutions to ensure safety measures which further will enhance the product deployment.
 

The paramagnetic hydrocarbon gas analyzer system industry is anticipated to grow, driven by factors such as their precision and sensitivity, particularly in measuring oxygen and nitrogen concentrations. The elevated adoption of these devices to meet the stringent environmental regulations and emission controls, fostering a growing demand for advanced gas analysis technologies. The units play a vital role in ensuring accurate and real-time measurements for processes that require precise control over gas concentrations. Moreover, continuous research and development efforts are refining these systems, making them more versatile and applicable to a broader range of gases, ensuring their relevance and competitiveness in the evolving industry landscape.
 

• The North America hydrocarbon gas analyzer system market size was worth over USD 380 million in 2022. The regional market is anticipated to dominate the market and the industry dynamics influenced significantly by the substantial contributions of countries like the U.S. and Canada to the growth of the hydrocarbon gas analyzer system industry. For instance, as per EIA in October 2023, During the first half of 2023, crude oil exports reached an average of 3.99 million barrels per day. This marks the highest export level for the initial six months of a year since 2015 when the ban on most U.S. crude oil exports was lifted. Compared to the same period in 2022, crude oil exports in the first half of 2023 experienced a substantial increase of 650,000 b/d, reflecting a 19% rise. The significant increase in the consumption of oil & gas products have resulted to the elevated exploration activities further augmenting the positive business outlook.
   
• The region's rapid expansion of research facilities, where emission monitoring systems are extensively used to comply with stringent environmental regulations and ensure sustainable operations, will act as a key factor driving the business outlook.
   
• The momentum of rapid industrialization and urbanization, coupled with the escalating demand for oil and gas products, including petrochemicals, gasoline, aviation fuels, and lubricants, along with concerted efforts to control harmful emissions, will further complement the industry landscape.
   

Hydrocarbon Gas Analyzer System Market Share

Prominent manufacturers operating across the hydrocarbon gas analyzer system industry are actively enhancing their industry presence through making strategic alliances, partnerships, and aiming for mergers and acquisitions. These initiatives are focused towards introducing innovative technologies and driving growth within the industry.
 

Some of the key market players operating across the hydrocarbon gas analyzer system industry are:

• ABB
• Siemens
• Yokogawa Electric Corporation
• Thermo Fisher Scientific Inc.
• Endress+Hauser Group Services AG
• PerkinElmer Inc.
• Fuji Electric Co., Ltd.
• Agilent Technologies, Inc.
• Honeywell International Inc.
• EVIDENT
• Analytical Systems Keco, LLC
• Nova Analytical Systems
• Ecotec Solutions, Inc.
• M&C TechGroup Germany
• Advanced Micro Instruments
   

Hydrocarbon Gas Analyzer System Industry News

• In August 2023, ABB and Samsung Engineering have entered into a framework agreement aimed at collaboration in engineering and procurement activities across the in Saudi Arabia. This agreement positions ABB as the exclusive vendor for gas analyzer system integration for Samsung across the nation. The partnership envisions exploring business opportunities and delivering comprehensive analytical solutions to the nation’s oil & gas market. ABB's solutions are designed to meet the demands of the most challenging applications in the industry. This collaboration underscores the commitment of both companies to providing effective and integrated solutions for the evolving needs of the Saudi Arabia’s oil & gas sector.
   
• In May 2023, Yokogawa Electric Corporation introduced a new generation of NDIR gas analyzers to the OpreX Analyzers lineup. This innovative range includes, the IR810G Panel Mount and Wall mount Type Infrared, IR800G Rack type infrared and the IR810S Explosion-protected wall mount Infrared gas analyzer. Offering flexibility to meet diverse mounting and operational requirements, these analyzers can simultaneously and continuously measure the concentrations of SO2, NO, CO2, CH4, CO, and O2 with high sensitivity. The units can play a crucial role in emission reduction, particularly for greenhouse gases contributing to global warming, these innovations showcase the company’s commitment to providing effective solutions for environmental sustainability.
   

This hydrocarbon gas analyzer system market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in ‘USD Million’ from 2019 to 2032, for the following segments:

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Market, By Technology

• Electrochemical
• Paramagnetic
• Zirconia (ZR)
• Non-dispersive IR (NDIR)
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
  • Norway
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Thailand
  • Singapore
  • Malaysia
  • Philippines
  • Vietnam
  • Indonesia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Turkey
  • South Africa 
• Latin America
  • Brazil
  • Mexico
  • Argentina