Future Market Insights has announced the addition of the “Hydrocarbon Tester Market: Global Industry Analysis and Opportunity Assessment, 2018-2028" report to their offering
Valley Cottage, NY -- (SBWIRE) -- 04/15/2019 -- Hydrocarbon tester is the device which is used to determine and enhance the product quality of crude oil, diesel, fuel oil, jet fuel, gas oil, and petroleum products by analyzing the concentration of hydrocarbon compounds. The demand of the hydrocarbon tester is increasing due to the high amount of hydrocarbon impurities which is associated with the petroleum, diesel, crude oil, and other products during production. Pollutants in these products can cause massive damage to the machines or the instruments which ultimately supports the high demand for hydrocarbon tester to analyze the hydrocarbon. Due to excessive usage of petroleum, diesel, crude oil and other products across the globe, the demand for hydrocarbon tester is rapidly increasing and contributing to the growth of the hydrocarbon tester market. Hydrocarbon testing and analysis is supporting the oil and gas organizations in identifying and analyzing concentrations of hydrocarbon compounds. Hydrocarbon tester are also rapidly adopted in metallurgy and geothermal exploration which is boosting the growth of hydrocarbon tester market across the globe.
The report covers exhaustive analysis on:
Hydrocarbon tester Market Segments
Hydrocarbon tester Market Dynamics
Hydrocarbon tester Market Size
Supply & Demand
Competition & Companies Involved
Market Drivers and Restraints
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Adoption of Electric Vehicles Acting as a Restraint for the Market
The increasing adoption of electric vehicles is resulting in decline of sales of diesel and petrol based vehicles. This has significant negative impact on the market of hydrocarbon tester as the use of petrol and diesel engine is getting replaced by electric battery. The increasing adoption of electric vehicles is expected to be the potential challenge for hydrocarbon tester during the forecast period.
Hydrocarbon Tester Market: Segmentation
The hydrocarbon tester market has been segmented on the basis of sample, end use, modularity, and region.
Segmentation on the Basis of Sample:
Natural Gas (methane)
LPG Testing and Inspection (LPG)
Gasoline (naphtha, octane)
Jet Fuel (kerosene)
Crude Oil (petroleum)
Segmentation on the Basis of End Use:
Oil & Gas
Segmentation on the Basis of Modularity:
Hydrocarbon Tester Market: Competition Landscape
Some of the prominent players in the Hydrocarbon Tester market are Emerson, Thermo Fisher Scientific, Teledyne Analytical Instruments, SICK AG, Agilent Technologies, Inc., MKS Instruments, PerkinElmer, J.U.M. Engineering GmbH, Galvanic, VIG Industries, Inc., Gow-Mac Instrument Co., Shimadzu Corporation, MOCON Inc., Buck Scientific.
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Hydrocarbon Tester Market: Regional Overview
On the basis of the geography, the countries with the significant inventions in the field of fossil fuels and geo analysis such as Kuwait, China, and other Gulf countries are capturing the largest market share in the hydrocarbon tester market. Due to the increase in production of the energy sources and need of refined products is driving the growth of the hydrocarbon tester market. As the fossil fuel production in these countries is more, demand for refinement of these products is more. Thus, the potential growth opportunities are expected in the adoption of hydrocarbon tester in various industries.