Natural Gas Analyzers Market 2018-2028: Growth Opportunities, Current and Projected Market Size, Recent Industry Trends and Developments

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Natural Gas Analyzers Market: Introduction

Natural gas is a mixture of hydrocarbons present in the gaseous form and consists of significant amount of methane and other hydrocarbons also a small amount of impurities. In the natural gas trading its value is determined by the ratios of chemical compositions. Additionally, the natural gas is only sold when it meets the specifications for purity and calorific value. Natural Gas Analyzers are used to analyze the chemical compositions, quality, quantity and the chemicals concentration in the natural gas. Natural gas analyzers are used in remote monitoring to determine any leakages and flow of natural gas in the natural gas pipelines during its transportation in.

In oil & gas industry the collection, production, transportation and distribution of the natural gas is monitored by natural gas analyzers. Furthermore, the power, pharmaceuticals, food & beverage industries are the leading consumer of natural gas. For the analysis of quality standards of natural gas, natural gas analyzers are an essential product which leads to the increasing demand of natural gas analyzers among the distributes and end uses of nature gas.

Natural Gas Analyzers Market Dynamics:

The continued production and consumption of natural gas on the global front and related quality checks in upstream, midstream and downstream activities is considered to be the primary driver of natural gas analyzers market. Natural gases are one of the prime energy sources used by various industries. The growing natural gas demand in the market require an efficient and better device to measure the quality of natural gas. This is expected to be the key factor contributing in the growth of natural gas analyzers market. Furthermore, the increasing production of shale gas through hydraulic fracturing is driving the production of natural gas and also the demand for new technologies and processes to make the extraction more efficient which is expected to push the growth of natural gas analyzers market over the forecast period.

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However, the natural gas analyzers are subjected to high initial cost and maintenance requirement. Additionally, the rising awareness regarding renewable sources of energy is expected to hamper the growth of the natural gas analyzers market over the forecast period.

Natural Gas Analyzers Market: Segmentation

Natural gas analyzers market can be segmented into product type, application, end use industries and region.

On the basis of product type, global natural gas analyzers market is segmented into:

  • Benchtop Natural Gas Analyzers
  • Portable Natural Gas Analyzers

On the basis of application, global natural gas analyzers market is segmented into:

  • Natural Gas Quality Measurement
  • Natural Gas Detection

On the basis of end use industries, global natural gas analyzers market is segmented into:

  • Oil & Gas
  • Pharmaceutical
  • Food and Beverages
  • Power
  • Chemical

Natural Gas Analyzers Market: Market Participants

Some of the market participants in the global natural gas analyzers market are:

  • Siemens AG
  • Nova Analytical Systems
  • Agilent Technologies, Inc.
  • Bruker
  • ABB Inc.
  • Honeywell
  • Arnel Inc.
  • MEECO
  • Applied Analytics, Inc.
  • Thermo Fisher Scientific Inc.
  • MKS Instruments
  • NETZSCH
  • Modcon Systems LTD.
  • Shimadzu Corporation
  • Dani Instruments Spa
  • Fuji Electric Co., Ltd.
  • California Analytical Instruments, Inc.
  • AMETEK Inc.

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Natural Gas Analyzers Market: Regional Outlook

North America is projected to have a significant growth in the natural gas analyzers market owing to increasing shale gas production in the region. The natural gas consumption is also increasing in the region which leads to increase in the demand for safety and quality assessment devices for remote monitoring of natural gas pipelines which is expected to drive the natural gas analyzers market. Middle East & Africa region is a leading market in the production of natural gas. The increasing production and transportation of natural gas is expected to create demand for natural gas analyzers in the market.

In Asia Pacific region the growing production and consumption of natural gas in countries like China, Indonesia etc. driving the growth of natural gas analyzers market. In Europe region the growing safety awareness and increasing demand for better technologies in oil & gas industry is expected to significantly drive the natural gas analyzes market in the region.

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