“Tunable Diode Laser Analyzer (TDLA) Market by Methodology (In-Situ and Extractive), Gas Analyzer Type (Oxygen (O2), Ammonia (NH3), COX, Moisture (H2O), CxHx, HX), Industry (Oil & Gas, Cement, Power), and Geography – Global Forecast to 2022″
The total market is expected to reach USD 569.2 Million by 2022, at a CAGR of 10.1% between 2016 and 2022. The major driving factor for the growth of TDLA market are increasing industrialization, increasing industry practice of replacement of traditional analyzer with TDLA, and growing process automation in various industries.
The oil & gas industry is expected to hold the largest share of the TDLA market, while the chemical & pharmaceutical industry is expected to grow at a significant rate between 2016 and 2022 in the TDLA market. In oil & gas industry, the TDLA is used for the measurement of number of gases at various check-points such as coker unit, reformer unit, alkalination unit, fluid catalytic cracking unit, and others to increase the process safety and to reduce the maintenance cost.
In the current situation, presence of more than 600 oil refineries in the global market and demand to reduce the maintenance & operational cost is expected to spur the growth of the TDLA market in this industry.
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The TDLA market has been segmented on the basis of industry into oil & gas, metal & mining, power, fertilizer, cement, chemical & pharmaceutical, pulp & paper, and semiconductor. In the industry segment, TDLA used in the oil & gas industry is expected to dominate the TDLA market and hold the largest market share, whereas the chemical & pharmaceutical industry is expected to grow at the highest rate during the forecast period. TDLA is used to reduce the chances of explosion and to optimize the process by reducing the cost and time of manufacturing. These factors are expected to drive the growth of the TDLA in the industry during the forecast period.
The TDLA market segmented on the basis of methodology covers in-situ-and extractive-based TDLA. Both types of methodology have its own advantages over each other, however, low price of in-situ-based TDLA as compared with extractive-based TDLA accounted for the largest market share of more than 70% in 2015.
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