Future Market Insights (FMI) reports that the global FTIR Gas Analyzer market is poised for significant growth in the coming decade. Forecasted to experience an 8.5% year-on-year growth rate in 2023, the market is expected to reach a valuation of approximately USD 1,375 million by the end of this year. Furthermore, the sector is anticipated to maintain a steady CAGR of 8.5% from 2023 through 2033, driven by advancements in technology and expanding applications across multiple industries.
Leading players in the market are focusing on innovation to meet the rising demand for sophisticated gas analysis solutions. Horiba Ltd., a key industry leader, recently introduced the world’s smallest stationary FTIR gas analyzer. This cutting-edge device is designed for rapid response and high dynamic range, making it suitable for a variety of critical applications including car and agricultural emissions testing, biofuel exhaust evaluation, natural gas analysis, and waste incineration.
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The growing trend towards process automation is significantly influencing the FTIR Gas Analyzers market. Recent advancements in the digitization of these analyzers have enhanced their capability in mass manufacturing settings, aligning with Industry 4.0 standards. This shift towards digital integration supports the broader adoption of new technologies and promotes substantial efficiencies in industrial operations.
Europe is currently leading the charge in the FTIR Gas Analyzer market, thanks to its strong automotive and oil & gas sectors. The demand for FTIR Gas Analyzers in Europe is expected to witness considerable growth over the next decade.
“As industries continue to advance towards automation and digital solutions, the importance of reliable and efficient gas analysis cannot be overstated,” said FMI Analyst. “Our latest research indicates that the FTIR Gas Analyzer market will not only grow in size but also in strategic importance, as businesses strive to meet regulatory standards and optimize their operations.”
Competitive Landscape
Leading players operating in the FTIR gas analyzer market are investing in strategic collaborations, mergers, and acquisitions to expand their production facilities across the globe. Apart from this, players are focusing on research and development to launch high-quality and durable braking systems to gain a competitive edge. For instance:
- In the year 2017, Broker acquired XGLab S.r.l. which develops and manufactures analytical instruments.
- In January 2019, HORIBA, Lt. acquired all shares of MANTA Instruments to enhance its environmental process products.
- In August 2017, Thermo Fisher Scientific announced the big acquisition of Patheon N.V., which was the leading contract development and manufacturing organization.
Key Players:
- BREMBO S.p.A.
- Surface Transforms PLC
- MAT Foundry Group Ltd.
- TVR Automotive Limited
- Alfa Romeo Automobiles S.p.A.
- Audi AG
- Volkswagen of America, Inc.
- Carroll Shelby International, Inc.
- ALPINA Burkard Bovensiepen GmbH + Co. KG
- BRABUS GmbH
- ABT Sportsline GmbH
- DeLorean Motor Company
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FTIR Gas Analyzer Market Segmentation
By Portability Type:
- Rack Mount
- Portable
By End-Use:
- Automotive
- Chemical
- Agriculture
- Oil & Gas
- Research & Development
- Others
By Equipment Type:
- High Concentration Range (upto ppm level )
- Low Concentration Level (ppb and ppm level)
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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