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India Fixed Gas Analyzers Market is expected to reach US$ 178.23 million by 2030

The India fixed gas analyzers market is set to reach US$ 178.23 million by 2030. Insights on product type & industry vertical.

By The Insight Partners

Stringent Government Regulation Regarding Gas Analysis to Create Opportunities in Fixed Gas Analyzers Market During 2022–2030

According to our latest market study on "India Fixed Gas Analyzers Market Size and Forecast (2020–2030), Country Share, Trend, and Growth Opportunity Analysis – by Product Type and Industry Vertical," the market was valued at US$ 115.48 million in 2022 and is projected to reach US$ 178.23 million by 2030; it is expected to register a CAGR of 5.6% from 2022 to 2030. The market emphasizes the key factors driving the market and prominent players' developments. The fixed gas analyzers market forecast is based on various sources of data and methods of analysis, such as historical trends, surveys, company’s analysis, information by organizations and government authorities, etc.

The Government of India is focused on enhancing safety and improving product quality across various sectors, such as oil & gas, chemicals, and food processing. A fixed gas analyzer is a critical component for many important processes. The quality of gas must be checked before and after the fixed gas analyzer is put into operation, which is necessary for the equipment's performance; this generates the demand for gas analysis technology. In addition, companies need accurate functioning analyzers to guarantee the well-being of employees working with or around these gases. 

Fixed Gas Analyzers Market — by Geography, 2022

To get sample Copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00038958

Source: The Insight Partners Analysis

The Occupational Safety and Health Administration (OSHA) published a list of toxic substances and chemical hazards in workplaces that might adversely affect human health. Regular calibration and equipment replacement practices must be followed to ensure analyzers can accurately detect the presence of dangerous concentrations of certain gases and alert businesses of the potential threat to worker health. Thus, to ensure the well-being of the business ecosystem, the companies must use fixed gas analyzers to carry out the gas analysis.

Further, authorities make regulatory policies and decisions for the production, distribution, transmission, and supply of natural gas. For instance, the Oil Industry Safety Directorate (OISD) is the safety regulator for upstream offshore blocks operating under the Ministry of Petroleum and Natural Gas (MoPNG). It coordinates the implementation of a series of self-regulatory measures aimed at enhancing the safety of workers in the oil & gas industry in India. All these factors are increasing the focus on safety regulation in the sector, which encourages the oil and gas companies to adopt the necessary technology for safety, including fixed gas analyzers. Thus, stringent government regulations regarding gas analysis in the oil & gas and other industries are expected to create an opportunity for the India fixed gas analyzers market growth during the forecast period.

India is focused on becoming a global leader in several sectors, such as oil & gas, chemical & petrochemicals, food & beverages, etc. The Government of India aims to reduce its dependency on exports. The World Bank Group is also helping the government to strengthen policies, institutions, and investments to create a resilient industrial ecosystem in the country. As a result, there is a rise in the investments and development of new plants across several industries in India. A few effective government-led policies and FDI policies attract several global players to establish their business in the country.

A few of the instances are mentioned below: 

  • In September 2023, ITC announced an investment of approximately US$ 180 million (INR 1,500 crore) in Madhya Pradesh to establish an integrated food manufacturing and logistics facility along with a sustainable packaging products manufacturing facility at Sehore.
  • In October 2023, Haldia Petrochemicals Ltd (HPL) announced an investment of ~US$ 360 million (INR 3,000 crore) to set up new plants in West Bengal. It aims to build the first on-purpose propylene plant and a phenol unit at its existing manufacturing facility in Haldia. The projects are anticipated to be completed by the first quarter of 2026.

The construction of new plants generates the demand for fixed gas analyzers to offer continuous monitoring of the concentration of various gases to improve safety. Thus, rising investment in the establishment of new plants is likely to create lucrative opportunities for the India fixed gas analyzers market growth during the forecast period.

The fixed gas analyzers market trends include technological advancements in fixed gas analyzers, which play a crucial role in transforming the landscape of refinery gas analyzers. The integration of advanced hardware, digital solutions, and innovative service in a fixed gas analyzer can contribute to its overall performance. It helps to reduce capital expenditure (CAPEX) and promote simpler operations. Automation in the workflow has become a key priority to increase production and ensure enhanced operations.

Refineries are focused on adopting automated digital solutions to improve margins and reduce operational expenditure. Further, the miniaturization of components in a fixed gas analyzer, along with the incorporation of technologies such as augmented reality (AR) and cloud computing, can help the authorities maintain the quality of hardware, including fixed gas analyzer, used for gas analysis. Innovative digital services can enable instrumentation engineers to review the health and status of fixed gas analyzers. Digital services help them to minimize the need for maintenance and fix any potential errors in the equipment at an early stage. In addition, constant efforts to improve the hardware structure and functioning can help improve the quality and service offered by the fixed gas analyzer.

Thermo Fisher Scientific Inc, Agilent Technologies Inc, Revvity Inc, M M Automation, Mukta Instruments, HNL Systems Pvt Ltd, and Teledyne Technologies Inc are among the prominent players profiled in the fixed gas analyzers market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The fixed gas analyzers market report provides detailed market insights, which help the key players strategize their growth.

The "India fixed gas analyzers market analysis” has been carried out by considering the following segments: product type and industry vertical. Based on product type, the oxygenates GC analyzers segment held the largest fixed gas analyzers market share in 2022 and is expected to record the highest CAGR during the forecast period. Oxygenates GC analyzers are a type of gas chromatography (GC) analyzer that is designed to study fixed gases in various samples. The analyzer is most commonly used in pharmaceuticals and petrochemical industries for analyzing numerous gases such as oxygen, nitrogen, hydrogen, and helium. These types of analyzers use a thermal conductivity detector (TDC) for measuring the concentration of fixed gases in the sample. The TDC method is a highly robust and effective method used by industries for measuring oxygen coupled with GC systems. This factor leads to the rise in the adoption of fixed gas analyzers in the pharmaceutical industry. The analyzer supports the pharmaceutical industry in separating oxygen from other gases without the need for a specific GC column.

Moreover, significant benefits offered by oxygenates GC analyzers, such as rapid and efficient methods for the analysis of fixed gases in various applications, are boosting the demand for oxygenates GC analyzers, and driving the India fixed gas analyzers market. Moreover, in terms of industry vertical, due to the rise in the use of fixed gas analyzers in the oil & gas industry, the oil & gas segment is expected to hold the largest fixed gas analyzers market share during the forecast period.

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