The growing concerns over greenhouse gas emission will propel the TDLA market growth in the forthcoming years. Various government agencies are increasingly introducing several environmental protection policies to reduce the emission of hazardous gases from the industrial sector. Furthermore, the industrial sector is also implementing TDLAs in various manufacturing processes to detect and measure the concentration of analyte modules, in turn, contributing significantly to the market’s growth during the forecast period. analysts have predicted that the tunable diode laser analyzer (TDLA) market will register a CAGR of about 8% by 2023.
The growth of the oil and gas industry
One of the growth drivers of the global tunable diode laser analyzer (TDLA) market is the growth of the oil and gas industry. The growing investments in the oil and gas industry will increase the number of oil and gas reservoirs across the world, which will drive the adoption of TDLAs during the forecast period.
Growing interest in predictive emission monitoring systems
One of the challenges in the growth of the global tunable diode laser analyzer (TDLA) market is the growing interest in predictive emission monitoring systems. With the growing demand for efficient and cost-effective emission monitoring systems, we expect a rapid deployment of these systems, which will hinder the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the tunable diode laser analyzer (TDLA) market during 2019-2023, view our report.
The market appears to be moderately concentrated with the presence of a few market players. With the rising demand for portable analyzers, several vendors are focusing on launching advanced products in the market. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.