“Global Extractive Tunable Diode Laser Analyzer Market by Type (Oxygen (O2) Analyzer, Ammonia (NH3) Analyzer, COx Analyzer, Moisture (H2O) Analyzer, Hx Analyzer, CxHx Analyzer and Others), by Application (Cement, Chemical & Pharmaceutical, Fertilizer, Metal & Mining, Oil & Gas, Power, Pulp & Paper and Semiconductor)and Region- Global Market Size, Status and Forecast to 2026″, published by Verified Market Research.

The Global Extractive Tunable Diode Laser Analyzer Market size is projected to grow from USD 106.0 Million in 2018 to USD 166.4 Billion by 2026, at a CAGR of 5.3% from 2019 to 2026. The growing scope of automation in process industries is expected to support market growth during the forecast period.

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In terms of type, the Oxygen (O2) Analyzer segment is estimated to be the fastest-growing type in the Global Extractive Tunable Diode Laser Analyzer market during the forecast period.

By application, the market is classified into Cement, Chemical & Pharmaceutical, Fertilizer, Metal & Mining, Oil & Gas, Power, Pulp & Paper and Semiconductor. Global Extractive Tunable Diode Laser Analyzer Market for the oil & gas segment is expected to be largest during the forecast period. It is a fact that co2 is a naturally occurring gas in oil and gas reservoirs which when reacting with H2S and H2O can make corrosive compounds that harm the steel pipelines. Hence removal of this CO2 from natural gas is necessary and hence CO2 measurements are critical for gas companies to meet quality.
The rugged nature of the laser-based analyzers allows them to be used in natural gas pipelines with very little maintenance, no interference, and no detrimental effects from glycol, methanol, amine, moisture slugs, etc. specifications and to protect pipelines from corrosion. Moreover, even oxygen analyzers play an important role in the natural gas industry.

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The APAC region is projected to account for the largest share in the Global Extractive Tunable Diode Laser Analyzer market during the forecast period from 2019 to 2026.

With the increasing applications of Extractive Tunable Diode Laser Analyzers as well as India’s increasing participation in various industries, the Extractive Tunable Diode Laser Analyzer market is expected to increase in the forecast period. The growth rate of the Extractive Tunable Diode Laser Analyzer market in India is can be seen to be higher than other countries owing to high demand from the power generation and distribution industries

Key players

Norskelektrooptikk AS, Focused Photonics Inc., Yokogawa Electric Corporation, Mettler-Toledo International Inc., Toptica Photonics Ag, Ekspla, Laser 2000 Ltd and NTT Electronics Shenzhen Limited are the key players operating in the Global Extractive Tunable Diode Laser Analyzer market.

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