Gas Analyzer Market Snapshot: Market in Oil & Gas and Chemicals Applications to Witness Highest Growth


Posted February 7, 2020 by abhijeetw1

The Gas Analyzer market was USD 2.78 Billion in 2014 and is projected to reach USD 4.06 Billion by 2021, at a CAGR of 5.7% from 2017 to 2022.

 
The Gas Analyzer market was USD 2.78 Billion in 2014 and is projected to reach USD 4.06 Billion by 2021, at a CAGR of 5.7% from 2017 to 2022. In this study, 2015 has been considered as the base year, while the forecast period has been considered from 2016 to 2021.

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Browse 76 market data Tables and 50 Figures spread through 164 Pages and in-depth TOC

The stakeholders in the GASD market are:

GASD manufacturers
GASD traders, distributors, and suppliers
Raw material suppliers
Government and research organizations
Industrial & commercial cleaning agencies
Agricultural associations
Oil & gas and chemicals - Major market for GASD

GASD are extensively used in oil & gas and chemical end-use industry. Safety control for industrial gas processes is one of the key driving factors of the GASD devices market in the oil & gas and chemicals industry. The companies operating various chemical plants or oil and gas extraction sites have to make sure that the emissions of various potent gases are according to the standards set by local governments; this has led to a surge in the demand for GASD devices. The frameworks mainly focus on reducing sulfur dioxide emissions by 99% and identifying the leaks from valves at gas processing plants.

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GASD Market, By Application:

Oil & Gas and Chemicals
Buildings & Construction
Food & Beverages
Healthcare
Water Treatment
Others
Key Market Players -

Market players such as Honeywell International, Inc. (U.S.), ABB Ltd. (Switzerland), General Electric Co. (U.S.), Emerson Electric Co. (U.S.), Figaro Engineering Inc. (Japan), and Drägerwerk AG & Co. KGaA (Germany) focus on expanding their regional reach. Other development strategies adopted by market players are new product launches, agreements & collaborations, and mergers & acquisitions.
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Issued By MNM
Country United States
Categories Business , Industry , Manufacturing
Tags gas analyzer market , gas detector market , gas sensor market
Last Updated February 7, 2020