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Hydrocarbon Gas Analyzer System Market Trends

Report ID: GMI7481
Published Date: Nov 2023
Report Format: PDF

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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.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of hydrocarbon gas analyzer system was worth USD 1.05 billion in 2022 and is projected to witness 5.3% CAGR through 2032, pushed by the consistent introduction and enforcement of stringent gas emission regulations and standards.

Electrochemical hydrocarbon gas analyzer system market size is expected to record over 5% CAGR from 2023 to 2032, due to the increasing levels of emissions in various end-use sectors and the heightened demand for emission monitoring systems.

North America hydrocarbon gas analyzer system industry size exceeded USD 380 million in 2022 and will grow significantly through 2032, owing to the rapid expansion of research facilities.

Some of the major hydrocarbon gas analyzer system companies include ABB, Siemens, Yokogawa Electric Corporation, Thermo Fisher Scientific Inc., Endress+Hauser Group Services AG, PerkinElmer Inc., Fuji Electric Co., Ltd., and Agilent Technologies, Inc.