Albany, NY -- (SBWIRE) -- 07/09/2015 -- According to a new market report published by Transparency Market Research "Tunable Diode Laser Analyzer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021," the tunable diode laser analyzer market was valued at USD 280 million in 2014, which is expected to reach USD 548.8 million by 2021, growing at a CAGR of 10.2% from 2015 to 2021.

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Tunable diode laser analyzer (TDLA) is relatively a new technology in the measuring instruments segment. TDLAs are capable in measuring and detection of gases like HCL, O2, HF, CO, NH3 at a very low density of air. Rise in demand for toxic gas measurement in the atmosphere, rising demand for safety devices and rising demand for TDL analyzer due to the growth of industries are driving forces for this market. Increasing pollution level and establishment of new industries release noxious gases in high volume. This has lead to the rise in demand of gas detectors by government or private environmental officials globally. Moreover, comprehensive improvement of the TDLA analyzer is likely to drive the market further in the near future.

Among other gas detectors, TDLA is widely used due to its low maintenance cost, stability and ability of continuous rapid detection. Moreover, the TDLA is capable of in-situ (directly in contact with the subject material) measurement in highly corrosive and poisonous environment. These factors are driving the TDLA market in oil and gas industry.

The global TDLA market is segmented by region in North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). In 2014, Asia Pacific accounted for the largest market share in the global TDLA market. In 2014, Asia Pacific accounted for share of 37.0% of the total TDLA market. Asia Pacific has the largest adoption of TDLA and thus this region leads the global market.

The global TDLA market is segmented on the basis of measurement types into In Situ (directly in contact with the subject material) and others. In Situ measurement accounted for highest market revenue share in 2014 and is expected to hold its market leadership position throughout forecast period. In 2014, the in situ TDLA measurement accounted for 67.4% share of total TDLA market. Problems and degree of measurement faults associated with gas sample extraction and conditioning is driving the adaptation of In Situ measurement.

The global TDLA market is segmented on the basis of industry application into power, oil & gas, mining & metal, healthcare, chemical, fertilizer, pulp and paper, cement and others. Oil & gas sector accounted for highest market revenue share in 2014 and is expected to retain its market leadership position during the forecast period from 2015 to 2021. In 2014, oil and gas accounted for 25.0% share of total TDLA market.

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Key players operating in the tunable diode laser analyzer market are ABB Ltd. (Switzerland), Honeywell International Inc. (U.S), Siemens AG (Germany), Yokogawa (Japan), Neo monitors (Norway), Sick AG (Germany), Servomex (United Kingdom), Mettler Toledo (Switzerland), Emerson Electric Co. (U.S) and General Electric's Corp. (U.S). This report provides strategic analysis of the TDLA market and the growth forecast for the period 2015 to 2021. The report covers competitive analysis of various market segments based on the measurement types and industry applications and in-depth cross sectional analysis of the tunable diode laser analyzer market across different geographic segments.

The tunable diode laser analyzer market has been segmented as follows:

Tunable Diode Laser Analyzer Market: By Measurement Type
In Situ
Others
Tunable Diode Laser Analyzer Market: By Industry Application
Power
Oil and Gas
Mining and Metal
Healthcare
Chemical
Fertilizer
Pulp and Paper
Cement
Others
Tunable Diode Laser Analyzer Market: By Geography
North America (U.S., Canada and Mexico)
Europe (United Kingdom, Germany, France, Italy and Rest of Europe)
Asia Pacific (China, India, Japan, Taiwan, South Korea and Rest of Asia Pacific)
Rest of the World (South America, Middle East and Africa)

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