Global Extractive Tunable Diode Laser Analyzer Market

May 2019| VMF079A| Verified Market Research

Report Highlights

Global Extractive Tunable Diode Laser Analyzer Market Size, Share, Growth, Trends, Opportunities And Forecast

According to Verified Market Research, the Global Extractive Tunable Diode Laser Analyzer Market was valued at USD 106.08 Million in 2018 and is projected to reach USD 166.4 Million by 2026, growing at a CAGR of 5.3% from 2019 to 2026.

Tunable Diode Laser (TDL) Absorption Spectroscopy can be defined as an extremely discerning, complex and multipurpose technique for determining trace species in gas analysis. Tunable diode laser analyzer can be bifurcated on the basis of in situ and extractive. The extractive mode of TDL Analysis is based on extractive sampling system. The extractive method is considered to be a traditional method as it produces measurements under various complications that comprise of comparatively long response times or circumstantial interference in the form of various gases, dust load, and moisture. Extractive tunable diode laser analyzers are expected to require conditioning for better results.

With growing digital transformation, the scope of Industry 4.0 is increasing in the global market. Industry 4.0 refers to the integration of platforms such as big data analytics, internet of things (IoT), predictive analytics, etc. The advent of Industry 4.0 has boomed the market for all the right reasons as it has made the concept of industrial internet of things (IIoT) popular among the industrialists and process automation industries.

Also, the growing demand for environmental monitoring has boosted the market for extractive tunable diode laser at a global level. However, concerns regarding the accuracy of the results obtained from extractive tunable diode laser analyzer might hinder the overall market at a global level.

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