[164 Pages Report] 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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Companies 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) are the dominant market players in the global GASD market.

GASD Market, By Application:

Oil & Gas and Chemicals
Buildings & Construction
Food & Beverages
Healthcare
Water Treatment
Others
GASD Market, By System:

Fixed
Portable
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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.

Electrochemical: Major technology used in all the end-use industries

Electrochemical technology works on the principle of reacting with gases and generating electrical signals that are proportional to gas concentration. There are a wide range of electrochemical sensors, detectors and analyzers available in the market, where users can choose, depending on the target gas to be detected and the location. Electrochemical sensors consume less power and are less affected by temperature and pressure compared to other technologies. They have life span of three years. Therefore, the electrochemical sensors are widely used across the world. The use of electrochemical GASD devices is prevalent in applications such as oil & gas and chemicals and building & construction.

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