Rockville Pike, MD -- (SBWIRE) -- 07/15/2019 -- Rapid increase in energy efficiency gains is expected to contribute significantly towards the growth of demand analysers market. Oil and gas industry is likely to witness surging need for demand analysers owing to increasing competition in its transportation services with the usage of alternative fuels. Increasing number of the oil-driven vehicles is anticipated to further stimulate the growth of demand analysers market. Middle-east and the US low-cost producers in demand analysers market are expected to play a significant role in the regions market growth with constantly increasing usage of demand analysers.
Demand for natural gas is expected to grow strongly in future owing to favorable environmental policies, diversified availability and low cost supplies, which in turn drives supply of demand analysers. China has been witnessing significant importance for adopting natural gas for reducing GHG emissions, which in turn makes it lucrative for demand analysers market, thereby dealing efficiently with the region's environmental issues. Key players and manufacturers in demand analysers market are focusing on dramatic reductions in the hardware and software costs of demand analysers, thereby paving ways for developing economies to increase the adoption of demand analysers. Demand for air demand analysers is likely to witness an upsurge with growing need for catering to the analytical requirements of emerging recovery processes.
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Global Demand Analysers Market: Introduction:
The presence of sulphur vapour in plants is potentially dangerous for the personnel working in these facilities, and it needs to be monitored carefully. Demand analysers are installed in plants for this purpose. The number of gas production and treatment plants has increased. These plants are adopting preventive and safety measures to ensure the safety of their staff, which is leading to the growth of global demand analysers market. The global demand analysers market is experiencing key growth momentum due to an increase in gas production and storage facilities. However, fluctuating oil and gas prices and political instability, which is hampering the Greenfield and Brownfield projects in developing countries, has negatively impacted the global demand analysers market.
Demand analysers are used in end-user industries for measuring up to five gases simultaneously, which include H2S, SO2, Sv (sulphur vapour), CS2 and COS. The Ultraviolet (UV) technology is the predominant method used to analyse air and gas demand. Advancements in these technologies are expected to enhance the global demand analysers market. Such factors associated with the growth in analyser contracts in oil and gas fields is expected to drive the global demand analysers market in the forecast period.
The adoption of demand analysers in refineries and in waste water treatment units is likely to drive the global demand analysers market. The growth momentum will be foremost in the Asian and African countries where automation is rapidly gaining traction. The growing number of sulphur recovery units and tail gas treating units are expected to directly drive the growth of the global demand analysers market.
The forecast period is likely to witness growth in the global demand analysers market. However, the market is likely to face challenges due to a reduction in coal-based operations and the implementation of new technologies such as predictive analysis.
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Global Demand Analysers Market: Market Dynamics:
Remote monitoring technology supports and drives the global demand analysers market owing to some facilities such as web-based password-protected user interface. Such protection systems provide security by offering full operational and diagnostic control from remote locations, which is boosting the global demand analysers market.
One of the key driving factors driving the global demand analysers market among end-user industries is sulphur recovery. Some of the key end-user industries where sulphur recovery is attained are oil & gas, chemical and petrochemical. In addition, the adoption of the Claus process in industries for the reduction of sulphur levels has resulted in steady growth of the global demand analysers market. The coupling effect of sulphur reduction has led to the introduction of more stringent standards, which is also boosting the global demand analysers market. Growing sulphur recovery is expected to drive the global demand analysers market during the forecast period.
Global Demand Analysers Market: Market Segmentation:
The global demand analysers market can be segmented into turbine types based on power output and operations.
On the basis of type, the global demand analysers market is segmented into:
Gas demand analyser
Air demand analyser
On the basis of end-users, the global demand analysers market is segmented into:
Oil and gas industry
Chemical and petrochemical industry
Water and waste water industry
Others (Food & beverages, brewing, fertilizers)
On the basis of products, the global demand analysers market is segmented into:
Global Demand Analysers Market: Regional Outlook:
The adoption of predictive analytics and predictive intelligence diagnostics in plants is slated to be a challenging factor for the growth of the global demand analysers market. Developed economies such as the US, the UK, Germany and Japan are likely to enforce such changes in the forecast period, which is expected to act as a restrain in the global demand analysers market.
One of the key factors contributing to the growth of the global demand analysers market in Asian and African countries, where the adoption is expected to be above par, is the growing number of projects in the oil & gas, chemical and petrochemical industries in these regions. These regions will be predominantly responsible for market growth during the forecast period due to the growth of natural gas production and storage in the North America, Western Europe, MEA and APEJ regions.
Global Demand Analysers Market: Key Market Participants:
Some of the key market participants in the global demand analysers market are:
Applied Analytics, Inc.
KAESER KOMPRESSOREN (Services based on rent)
Galvanic Applied Sciences, Inc.
Endress+Hauser Management AG
Hobré Instruments B.V.
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