Global tunable diode laser analyzer market was valued at USD 280 million in 2014, which is expected to reach USD 548.8 million by 2021

Albany, NY -- (SBWire) -- 03/10/2018 --According to a recently published market study by Transparency Market Research (TMR), titled "Tunable Diode Laser Analyzer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021", the global tunable diode laser analyzer market is expected to rise at a CAGR of 10.20% from 2015 to 2021. At this projected CAGR, the market with a valuation of US$280 mn in 2014 is slated to be worth US$548.8 mn by 2021. The research report is available for sale on the company's website.

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In the field of measuring instruments, tunable diode laser analyzer (TDLA) is a relatively new technology. TDLAs have the ability to detect and measure gases such as HCL, HF, NH3, O2, and CO in very low air density environments. The report states that rising demand for the measurement of toxic gases in the atmosphere, increasing demand for safety devices, and an upward demand for TDLA due to industrial growth are some of the major factors driving the tunable diode laser market.

Worldwide, rapid industrialization has been a reason for increasing air pollution, which includes noxious gases in high volume. Thus, government and private environment regulatory agencies have made it mandatory for the installation of gas detectors in these industries. In addition, comprehensive improvement in TDLA technology will further help the development of this market. Low maintenance cost, ability of seamless detection, and stability are the other features that make TDLAs preferable over other gas detectors. In addition, TDLA has in-situ (attribute of being directly in contact with subject material) capability, which allows measurement of gases in highly poisonous and corrosive environments.

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By geography, the global TDLA market is broadly divided into: North America, Europe, Asia Pacific, and Rest of the World (RoW). In 2014, Asia Pacific was identified as the largest market for TDLA globally and accounted for 37.0% share of the market for TDLA. The high adoption of TDLA in Asia Pacific will enable the region to lead the global market for TDLA.On the basis of measurement type, the global market for TDLA is segmented into in situ and others. In 2014, in situ type measurement accounted for the highest share of revenue and the segment is expected to lead through the forecast period. The in situ TDLA measurement segment accounted for a 67.4% share of the global market in 2014. A high degree of measurement faults related to gas sample extraction and conditioning is leading to higher adoption of in situ measurement.

By application, the global TDLA market is divided into power, mining and metal, chemical, pulp and paper, oil and gas, healthcare, fertilizer, and others. Amongst all of these, in 2014, oil and gas held the largest market share with a 25.0% share of the total market. The region is expected to retain dominance over the forecast period. Some of the major players operating in the TDLA market are ABB Ltd (Switzerland), Siemens AG (Germany), Neo Monitors (Norway), Servomex (United Kingdom), Emerson Electric Co. (U.S.), Yokogawa (Japan), Honeywell International Inc. (U.S.), Sick AG (Germany), General Electric Corp. (U.S.), and Mettler Toledo (Switzerland).