The global gas analyzer market is estimated to grow at a CAGR of nearly 5.0% during the forecast period. The major factors contributing to the market growth include the rising oil and gas industry and rising investment in waster and wastewater projects. As per the International Energy Agency (IEA), in 2019, the global upstream oil and gas investment is $505 billion, a rise of 6% in nominal terms compared to the previous year. The global demand for oil rose by 900 kb/d (Thousand Barrels Per Day) year-over-year in the third quarter of 2019. Approximately three-quarters of the growth reported in China. The demand for oil in India increased to 135 kb/d.
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The global oil demand has significantly led owing to the increasing demand for fuel in automobile and aviation industry. The increasing oil production has increased the adoption of gas analyzers. Gas analyzers are used to identify valuable fracking zones. Mineral layer porosity and rock layer boundaries are some physicochemical characteristics that can considerably affect the oil well efficiency and inform the effective payoff for using hydraulic fracturing. Gas analyzers can be utilized significantly for monitoring of drilling media to assess hydrocarbon distribution, layer properties, fracking zone quality, and petroleum pay zones.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Gas Analyzer Market- Segmentation
By Product Type
- Fixed
- Portable
By Technology
- Paramagnetic
- Electrochemical
- Zirconia
- Infrared
- Others
By End-User Industry
- Pharmaceutical
- Oil and Gas
- Energy and Utility
- Chemical
- Food and Beverage
- Water and Wastewater
- Others
Global Gas Analyzer Market– Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global gas analyzer market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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