NEW YORK, Nov. 12, 2015 /PRNewswire/ -- The U.S. Environmental Protection Agency (EPA) has laid down rules that cover more than 80 categories of major industries that include oil refineries, chemical plants, steel mill, and aerospace manufacturers. These rules are expected to cut down annual air toxic emissions by approximately 1.5 million tons. These rules implemented by the EPA are expected to drive the market for toxic gas measurement technologies. Tunable diode laser analyzer (TDLA) is one of the latest technology used to detect and measure toxic gases at a very low density of air.
The rise in demand for toxic gas measurement in the environment along with the emphasis on safety is expected to drive the global tunable diode laser analyzer (TDLA) market to a great extent. The global TDLA market is broadly segmented by measurement type, application, and geography.
The report on the global tunable diode laser analyzer (TDLA) market offers detailed and the latest insights into the market. The technological landscape of the global TDLA market is covered in detail in the report. Furthermore, the recent developments from the top players operating in the global TDLA market have been covered in the report. Backed by extensive primary and secondary research, the research study is a valuable tool for both established market players and new entrants.
Overview of the Global Tunable Diode Laser Analyzer (TDLA) Market
The global tunable diode laser analyzer (TDLA) market will greatly benefit from the rising demand for TDL analyzers to monitor emissions in industries. The global TDLA market is divided by industrial application into cement, pulp and paper, fertilizer, chemical, healthcare, mining and metal, oil and gas, power, and others. The oil and gas sector dominated the global TDLA market in 2014 with a 25.0% share.
In addition to this, the comprehensive improvement in the technology of TDL analyzers will serve as a key opportunity for the future development of several market players. Driven by these factors, the global tunable diode laser analyzer (TDLA) market is expected to expand at a CAGR of 10.2% during the forecast period of 2015 to 2021. In 2014, the global TDLA market was worth US$280 million and by 2021 it is projected to be worth US$548.8 million.
By measurement type, the global tunable diode laser analyzer (TDLA) market is segmented into in situ and others. In 2014, the global TDLA market was dominated by the in situ segment, which held a substantial market share of 67.4%. The adoption of in situ measurement is on the rise due to the problems and degree measurement faults related with gas sample extraction and conditioning.
By geography, the global tunable diode laser analyzer (TDLA) market is divided into North America, Asia Pacific, Europe, and Rest of the World. In 2014, Asia Pacific boasted a dominant market share of 37.0% and is expected to retain its dominance throughout the forecast period.
Companies mentioned in the research report
A majority of the companies operating in the global tunable diode laser analyzer (TDLA) market are based in Western markets of North America and Europe. The top companies operating in the global TDLA market include ABB Ltd. (Switzerland), Siemens AG (Germany), Honeywell International Inc. (U.S), Neo monitors (Norway), Yokogawa (Japan), Servomex (United Kingdom), Sick AG (Germany), Mettler Toledo (Switzerland), General Electric's Corp. (U.S.), and Emerson Electric Co. (U.S.).
Tunable Diode Laser Analyzer Market: By Measurement Type
Tunable Diode Laser Analyzer Market: By Industry Application
Oil and Gas
Mining and Metal
Pulp and Paper
Major regions analyzed under this research report are:
Rest of the World
This report gives you access to decisive data such as:
Market growth drivers
Factors limiting market growth
Current market trends
Market projections for the coming years
Key highlights of this report
Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Offers a clear understanding of the competitive landscape and key product segments
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