Global Online Gas Analyzer Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-17 07:13:01
The Global Online Gas Analyzer market is to grow at a CAGR of 5.72 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for replacement online gas analyzers from developed countries. The Global Online Gas Analyzer market has also been witnessing the development of next-generation online gas analyzers. However, the availability of low-cost gas analyzers could pose a challenge to the growth of this market.
Vendors in the Global Online Gas Analyzer market are developing next-generation online gas analyzers in line with the development in technology. As a result of little product differentiation among the vendors in this market, the vendors are developing more technologically-advanced online gas analyzers in order to gain a competitive edge over their competitors. For instance, many vendors in the market are developing multi-function online gas analyzers. Multi-function online gas analyzers offer various functions such as reporting the gas measurements, integrating with plant automation systems, and analyzing multiple gases/samples. Therefore, vendors in this market have started focusing on developing multi-function online gas analyzers, which help them gain a competitive edge over their competitors in the market.
One of the major drivers in the market is the increasing government regulations for air pollution control. Many government organizations have passed several regulations to keep air pollution under check. This has led to an increasing demand for online gas analyzers globally.
One of the key challenges in the market is the availability of low-cost online gas analyzers. Online gas analyzers manufactured by local vendors are relatively low priced compared to that of large international vendors.
The key vendors dominating this space include ABB Ltd., Emerson Electric Co., General Electric Co., Siemens AG, and Thermo Fisher Scientific plc.
The other vendors mentioned are Endress+Hauser Management AG, Focused Photonics plc, Invensys plc, Spectris Inc., TSI Inc., and Yokogawa Electric Corp.
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