China's Gas Chromatography Market Surges at 6.6% CAGR, While U.S. Leads at $1.2 Billion in 2022, Supported by the Oil & Gas Sector

DUBLIN, Oct. 31, 2023 /PRNewswire/ -- The "Gas Chromatography Systems - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global Gas Chromatography Systems market, valued at USD 2.8 billion in 2022, is projected to reach USD 4.1 billion by 2030, with a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2022 to 2030. Among the segments analyzed, Accessories & Consumables is anticipated to record a CAGR of 4.8%, reaching USD 1.8 billion by 2030. The Reagents segment is estimated to grow at a CAGR of 5.3% over the next eight years.

Key Market Insights:

• Accessories & Consumables Segment: This segment is expected to exhibit significant growth, with a CAGR of 4.8%, reaching USD 1.8 billion by 2030.
• Reagents Segment: Growth in this segment is estimated at a CAGR of 5.3% during the forecast period.
• Geographic Trends: The U.S. market is estimated at USD 1.2 billion in 2022, while China is forecasted to grow at a CAGR of 6.6% to reach USD 631.9 million by 2030. Japan and Canada are also noteworthy markets, each expected to grow at 3.2% and 3.8%, respectively. Germany, within Europe, is forecasted to grow at approximately 4.4% CAGR.

Key Competitors:

The Gas Chromatography Systems market features a total of 89 key competitors, including:

• Agilent Technologies, Inc.
• Emerson Electric Company
• Elster Group GmbH
• Ametek Process Instruments
• Buck Scientific, Inc.
• Angstrom Advanced, Inc.
• Gibnik
• Defiant Technologies
• Electronic Sensor Technology, Inc.
• Focused Photonics, Inc.
• Galvanic Applied Sciences, Inc.
• COSA Xentaur
• Biobase Meihua
• Energy Support GmbH
• BET Interactive, LLC, a wholly owned subsidiary of Black Entertainment Television LLC

Economic Outlook:

The global economic outlook is showing signs of improvement, with growth recovery expected in the coming years. The United States, although experiencing slowing GDP growth due to tight monetary and financial conditions, has overcome the recession threat. China is expected to witness strong GDP growth as the pandemic recedes, and India is on track to become a trillion-dollar economy by 2030.

Challenges remain, including slower-than-expected decline in global headline inflation, food and fuel inflation in many developing countries, high retail inflation, and continued impact on consumer confidence and spending. Governments are addressing these challenges, and there is a push to mainstream climate change into economic decisions.

New technologies, including AI, machine learning, quantum technologies, and renewables, are expected to drive growth and value to global GDP in the coming years.

What`s New?

• Special discussions on the global economic climate and market sentiment
• Coverage on global competitiveness and key competitor percentage market shares
• Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and trademarked research platform
• Complimentary updates for one year
• Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of COVID-19 on the Year 2020: A Year of Astounding Disruption
• COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
• Industrial Activity Remains Subdued, Inducing Temporary Weakness into Chromatography Systems Market
• Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
• Global PMI Index Points for the Years 2018, 2019 & 2020
• Gas Chromatography Systems: Product Overview
• Introduction to Chromatography
• Chromatographic Techniques
• World Chromatography Market by Technique: 2019
• Gas Chromatography Systems: A Quick Primer
• Basic Components of a GC
• Inherent Problems in the Use of Chromatography Systems
• Functioning of Gas Chromatographs
• Design Challenges & Manufacturers' Solutions
• Multi-Dimensional Gas Chromatography: A Technical Run-Through
• Overview of End-Use Industries
• Global Gas Chromatography Systems Market: Prospects & Outlook
• GC vs LC: The Tussle Continues
• Developed Markets Lead; Developing Regions to Fuel Growth
• World Gas Chromatography Systems Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
• World Gas Chromatography Systems Market - Geographic Regions Ranked by CAGR (Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Europe, Canada, and Japan
• Oil & Gas and Pharma & Biotech Segments Continue to Lead the Suite
• World Gas Chromatography Systems Market by End-Use (2020 & 2027): Percentage Breakdown of Sales for Oil & Gas, Pharma & Biotech, Environmental Labs, Food & Beverage, and Other End-Uses
• Competitive Landscape
• Manufacturers Push for Innovation to Sustain Growth
• Recent Market Activity
• Gas Chromatography Systems - Global Key Competitors Percentage Market Share in 2021 (E)
• Leading Players in the Global Gas Chromatography/Mass Spectrometry Market (2019): Percentage Breakdown of Revenues for Agilent, Perkin Elmer, Shimadzu, Thermo Fisher and Others
• Chromatography Accessories and Consumables Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Chromatography Media/Resins (Type) Global Competitor Market Share Positioning for 2019
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Major Trends and Growth Drivers in Gas Chromatography
• Potential Future Developments in Gas Chromatography
• Design Transformations Shaping Future of GC Technology
• Innovations Leading to Reduction in Time to Analysis
• Growing Preference for Multidimensional Systems
• Hyphenated GC Instruments Denting Prospects of Standalone GC Sales
• Rising Demand in Pharma & Biotech Sectors
• Impurity Detection in Pharmaceutical Drugs Brings Forth Need for Gas Chromatography
• World Pharmaceutical R&D Spending in US$ Billion: 2015, 2019(E) & 2025(P)
• World Healthcare Spending in US$ Trillion: 2015, 2019(E) & 2025(P)
• Gas Chromatography-Mass Spectrometry for Impurity Detection
• Market Gains to Continue in Environmental Research & Monitoring Applications
• Oil & Gas: Major End-Use Sector
• Global Oil & Gas E&P Industry Spending (2015-2021E)
• Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2020
• Stringent Regulations Drive Demand from the Food & Beverage Sector
• World Food Safety Testing Revenues in US$ Billion: 2011, 2015, 2020(P) & 2025(P)
• Gas Chromatography Steps on Gas with Favorable Trends & Developments
• Advances in GC Technology
• Enhanced Workflows & Flexibility with Advanced Modules
• TLC Vs. HPLC Vs. GC
• Experimentation with Phases and Columns to Continue
• Manufacturers Persist with Development of New Detectors
• Miniaturization Captivates Manufacturers in New Product Development
• Miniature GCs under Development to Aid Early Detection of Diseases in Crops
• Portable Gas Chromatographs Remain a Niche Market
• Gas Chromatography Challenges Warranting Manufacturers' Attention
• Trends Favoring Gas Chromatography-Mass Spectrometry (GC-MS)
• Supply Shortages Dent Helium Demand in Gas Chromatography
• World Helium Demand by Geographic Region (2020): Percentage Breakdown of Volume Demand for North America, Japan, Europe, Asia-Pacific, Middle East & Africa and Latin America
• World Helium Market by Application (2020): Percentage Breakdown of Volume Consumption for Chromatography, Controlled Atmospheres, Coolant, Purging Gas, Welding and Others
• Alternatives to Helium in GC Market: An Overview of Various Options
• Hydrogen as a Substitute to Helium
• Nitrogen as a Substitute to Helium in Gas Chromatography
• Helium Conservation: An Imperative Step
• Gas Generators: Increasing Role in Combating Helium Supply Constraints
• Research & Technological Developments in the Recent Past

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/2lec30

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