The global total hydrocarbon analyzers market is estimated to exhibit growth at a remarkable CAGR during the forecast period 2022-2032. Rising emphasis on the enforcement of occupational safety and health regulations regarding hydrocarbons by several regulatory organizations such as the Environment Protection Agency is creating growth prospects for the total hydrocarbon analyzers sales in the global market.
Hydrocarbons are known to be the common site contaminants, although all the hydrocarbons are not hazardous wastes. The total hydrocarbon analyzers are equipments that are used for sampling and analysis of the family of hydrocarbons. These equipments are available in benchtop and portable forms.
Total hydrocarbon analyzers are finding a wide range of usage for analysis of hydrocarbons across applications such as volatile organic compound monitoring, emission monitoring, solvent recovery, carbon absorbers, gas leak detection, and coating process control monitoring. This is projected to facilitate the demand for total hydrocarbon analyzers in the global market.
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Which are Some Prominent Drivers Spearheading Total Hydrocarbon Analyzers Market Growth
Hydrocarbon processing, which is one of the most prominent industries in the world, has numerous regulations, standards, and norms to comply with for smooth production. As the sector is bound to maintain the highest safety norms, effective hydrocarbon analysis is of significant importance for hydrocarbon processing for achieving a high level of productivity.
This generally requires a wide range of hydrocarbon analysis measurements and analyzing devices such as flame ionization detectors, catalytic sensors, photo-ionization, gas chromatographs, infra-red sensors, and others to ensure safe and optimized processing. Hence, rapid expansion of the hydrocarbon processing industry across prominent economies such as the U.S., China, India, Germany, and others is expected to create lucrative growth opportunities for the growth in the total hydrocarbon analyzers market.
What are the Challenges Faced by the Total Hydrocarbon Analyzers Market
Despite numerous advantages associated with the use of total hydrocarbon analyzers, the inability of these analyzers to measure the concentration of different compounds and stringent regulatory approval standards for the launch of new devices are some of the factors restraining the growth in the market.
Why is North America Emerging as an Opportunistic Total Hydrocarbon Analyzers Market
Future Market Insights reveals that North America is estimated to grow at a robust CAGR in the global total hydrocarbon analyzers market between 2022 and 2032.
Total hydrocarbon analyzers are finding a wide range of applications across environmental monitoring, ethylene production, petroleum refining, and others sector, owing to their features such as integrated systems, flexible temperature ranges, and precision analysis.
Citing this trend, key manufacturers are aiming at introducing advanced products. For instance, Emerson, an American multinational corporation recently announced unveiling its new Rosemount NGA 2000 HFID Heated Total Hydrocarbon Analyzer Module that uses advanced flame ionization detection (FID) technology for accurate analysis. A multiplicity of such new product launches is anticipated to favor the growth in the North America market.
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Why are the Sales of Total Hydrocarbon Analyzers Accelerating in the Asia Pacific Excluding Japan Market
FMI reveals that Asia Pacific excluding Japan is expected to emerge as a highly lucrative market for total hydrocarbon analyzers during the forecast period 2022-2032.
As the demand for petroleum products such as gasoline, diesel, LPG, and others is rising, key petroleum refineries industry players are aiming to increase their refining efficiency and expand production capacity for addressing the growing demand.
For instance, Bharat Petroleum Corporation Ltd, a petroleum refineries company based in India announced investing around 13.66 Bn to enhance petrochemical capacity, improve refining efficiency, and increase the production of petroleum derivatives by 2021. As total hydrocarbon analyzers play a vital role in gas chromatography applications during petroleum refining, such developments are projected to augment the sales in the Asia Pacific excluding Japan market.
Market Competition
Some of the leading players in the total hydrocarbon analyzers market are Mocon Baseline, Thermo Scientific, GOW-MAC Instrument, Teledyne, Siemens Process Analytics, ADOS GmbH, AMETEK, OI Analytical, AGC Instruments, GE Analytical Instruments, Servomex, and others.
Attributed to the presence of such a large number of participants and increasing product launches with advanced connectivity and multi-functional features, the market is highly competitive.
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Key Segments Profiled in the Creatinine Meter Market Survey
By Type:
- Flame Ionization Detector (FID)
- Gas Chromatographs (GCs)
- Catalytic Sensors, Photo-Ionization (PID)
- Infra-Red (IR) Sensors
By Modularity:
- Portable
- Benchtop
By End Use:
- Petroleum Refineries
- Tobacco Industry
- Ethylene Production Plants
- Environmental Monitoring Station
- Academic Research Institutes & Laboratories
- Others
By Region:
- North America
- Latin America
- Europe
- CIS & Russia
- APEJ
- Japan
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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