The report forecasts the global gas analyzers market to grow at a CAGR of 3.13% during the period 2016-2020. The analyzers are divided into several categories based on the types of operation, such as:
Catalytic gas analyzers
Gravimetric gas analyzers
IR gas analyzers
Paramagnetic gas analyzers
Thermal conductivity gas analyzers
Tunable diode laser analyzers (TDLAs)
A trend which is helping boost market growth is the availability of gas analyzers with multiple gas analysis capability. Traditionally, specialized equipment attached to more than one separate gas analyzer was required for analysis of multi-species of gases. This resulted in large and complex systems with a large cabinet area and high cost. Vendors are launching gas analysis systems that can integrate multiple gas analyses into a single equipment at an affordable price.
According to the report, a key growth driver is the rise of MEMS-based gas sensor technology. Highly responsive and low power consuming semiconductor type gas sensors are widely incorporated in gas analyzers for real-time industrial and environment monitoring applications.
Further, the report states that one challenge that could hamper market growth is the need for continuous support and maintenance.