The Tunable Diode Laser Analyzer market size is projected to reach US$ 935.33 million by 2028 from US$ 622.43 million in 2022; it is expected to grow at a CAGR of 7.0% from 2022 to 2028.
The increasing attention given to global warming has heightened concerns over the deterioration of air quality and its impact on public health. As a result, numerous developed and developing nations are dedicating significant resources and investments towards encouraging the implementation of advanced technologies that can detect and minimize the presence of dangerous gases like CH4, CO2, CO, H2S, and HONO in the environment. A few of the recent developments mentioned in the tunable diode laser analyzer market analysis include:
- The UK government declared a boiler upgrade program in October 2021, aimed at reducing carbon emissions and achieving low-carbon functionality in newly installed heating systems by 2035. The program is valued at US$ 477.38 million.
- Two ethanol and compressed biogas (CBG) plants, which will be constructed using municipal waste, received an allocation of US$ 671.14 million from GAIL, a subsidiary of the Ministry of Petroleum and Natural Gas, in July 2021.
- The Central Electricity Authority (CEA) has forecasted that India's power demand will increase to 817 gigawatts (GW) by 2030. The energy sector projects in the country are expected to have the largest share (24%) of the total estimated capital expenditure of US$ 1.4 trillion, as per the National Infrastructure Pipeline 2019-2025.
Such developments in the power sector, construction industry, and oil & gas sector in different countries are likely to boost the tunable diode laser analyzer market growth in the coming years.
The US Clean Air Act regulates air pollution emissions from over 200,000 boilers and incinerators in the country, which emit harmful substances like mercury, cadmium, and particle pollution. The US Environmental Protection Agency states that there are approximately 1.3 million natural gas-fired boilers in the US, with ~86% burning clean natural gas and contributing to pollution. The area source standards apply to around 183,000 boilers at 92,000 area source facilities. Due to this, there is a high demand for tunable diode laser analysis in various industrial facilities. The need to reduce greenhouse gas emissions is a major driving factor expected to boost the growth of the tunable diode laser analyzer market.
The tunable diode laser analyzer market is being propelled by favorable government policies, such as the National Emission Standards for Hazardous Air Pollutants (NESHAP) for Industrial, Commercial, and Institutional Area Source Boilers in the US, Clean Air Act of US Climate Protection Plan 2050, and the Net Zero-emission policy by 2050 in both developing and developed countries. Additionally, the growing adoption of energy-efficient heating systems and the increasing trend towards zero-emission buildings contribute to the growth of the tunable diode laser analyzer market.
Impact of COVID-19 Pandemic on Tunable Diode Laser Analyzer Market
In 2020 and 2021, the industry supply chain operations experienced significant disruptions due to the COVID-19 pandemic and subsequent limitations on international trade. Additionally, major oil-producing countries witnessed a notable decrease in production activities as global oil prices plummeted due to limited demand and continuous production. The operations of facilities manufacturing industrial automated solutions were adversely affected by the sudden onset of the COVID-19 pandemic, leading to reduced production volumes.
The tunable diode laser analyzer market is being fueled by the resumption of economic activities, including oil extraction projects and construction projects, which is leading to an increase in power demand.
During the forecast period, the tunable diode laser analyzer market size in Germany is expected to continue to grow at a strong pace. The German government has prioritized reducing greenhouse gas emissions in its climate policy, setting ambitious targets such as the Climate Action Plan 2050 and the Climate Action Programme 2020. These targets aim to reduce emissions by at least 40%, 55%, and 80-90% by 2020, 2030, and 2050, respectively, and achieve extensive greenhouse gas neutrality by 2050. As a result of these stringent regulations, many industrial verticals in Germany, including privately owned power plants, oil & gas, mining and metal, and fertilizers and cement industries, have been compelled to adopt energy-efficient products and services. This has led to a positive outlook for the growth of the tunable diode laser analyzer market, particularly in the industrial sector.
The increasing need to reduce carbon footprint and limit the emission of hazardous gases such as Particulate Matter (PM), CO, NOx, and SO2 has led to the adoption of tunable diode laser analyzers (TDLS) by industrial end users in their production plants. This trend is expected to positively impact the tunable diode laser analyzer market, as the demand for such analyzers is likely to increase due to the growing need to lower emissions.
The APAC region is led by China in terms of the share of the tunable diode laser analyzer market analysis. In December 2021, the Chinese government unveiled a five-year plan for smart manufacturing, which aims to achieve digitalization in large-scale manufacturing by 2025. The plan was announced by the Ministry of Industry and Information Technology (MIIT) and seven other departments of the central government, with a focus on advancing research on key technologies such as artificial intelligence, 5G, Big Data, and edge computing for smart manufacturing industries.
With increasing manufacturing industry, the scope of using analyzers will increase and in turn would impact the scope of tunable diode laser analyzer market.
China's ambitious five-year plan for smart manufacturing aims to achieve digitalization of more than 70% of large businesses and the construction of over 500 demonstration manufacturing facilities across the country by 2025. Additionally, China plans to establish 3-5 robotics industry zones and double the intensity of robot manufacturing with a revenue growth rate of over 20% per year. The 13th Five-Year Plan (2016-2020) saw significant improvements in the level of digital networking in the Chinese manufacturing sector, with more than 70 industrial internet platforms and over 50% domestic market penetration of smart manufacturing equipment. The continued growth of smart manufacturing is expected to increase the adoption of advanced analyzers to lower emission levels, thus fueling the growth of the tunable diode laser analyzer market in China.
The government's focus on key technologies like artificial intelligence, 5G, Big Data, and edge computing to boost the growth of smart manufacturing industries will lead to an increase in industrial production capacity and industrial automation. As a result, the adoption of tunable diode laser analyzers (TDLA) is likely to increase, thereby positively impacting the tunable diode laser analyzer market.
Emerson Electric Co., Siemens AG, ABB Ltd, Mettler Toledo, Teledyne Analytical Instruments, Yokogawa Electric Corporation, Unisearch Associates Inc., NEO Monitors AS, Axetris AG, and Boreal Laser Inc. are the tunable diode laser analyzer market players profiled in this study.
Primary and secondary sources have determined the tunable diode laser analyzer market size. The research process started with thorough secondary research that utilized internal and external sources to collect qualitative and quantitative information related to the tunable diode laser analyzer market. This process helped to obtain an overview and forecast of the market growth across all segments. Furthermore, several primary interviews were conducted with industry experts to validate the data and gain more analytical insights about the topic. The industry experts involved in this process included VPs, business development managers, market intelligence managers, national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the tunable diode laser analyzer market.