India Fixed Gas Analyzers Market Growth and Forecast by 2030
[Research Report] The India fixed gas analyzers 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.
Analyst Perspective:
The fixed gas analyzers market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases.
India is one of the fastest-growing economies in the world. Key factors bolstering the India fixed gas analyzers market size in the country include an increased focus on minimizing the dependency on imports, a rise in focus on local production, and the adoption of advanced fixed gas analyzers to monitor and detect a wide range of gases. The country is also focused on continuing its growth by ensuring it deals with the challenges of climate change coupled with its goal of achieving net-zero emissions by 2070. To reduce and measure the emissions, the companies use equipment and instruments to measure and analyze the concentration of gases.
The demand for reliable and accurate gas measurement systems among companies in various sectors, such as oil & gas, chemicals & petrochemicals, food & beverages, and wastewater treatment, is gaining traction due to stringent government regulations to enhance safety and optimize production. It provides continuous monitoring of the entire gas production process. The application of fixed gas analyzers is majorly driven by government focus and investment to boost the growth in these sectors. Also, the fixed gas analyzers market trends include technological advancement in fixed gas analyzers.
The Government of India is focused on building new wastewater treatment plants to maintain public health, the environment, and sustainable water management. For example, in December 2023, the Delhi government claimed that associated authorities are building Asia’s largest wastewater treatment plant in Okhla, where 564 million liters per day (MLD) of sewage can be treated daily. Similarly, in January 2023, legislator Bhumana Karunakar Reddy inaugurated a water treatment plant near Vinayaka Sagar on Karakambadi Road in Tirupati; it deployed phytorid technology and features an installed capacity of 5 MLD. Phytorid is a self-sustainable technology for wastewater treatment that works on the principle of natural wetlands. Such wastewater plants generate a surge in demand for fixed gas analyzers for monitoring hazardous gases in various stages of the treatment, from pumping to sludge digestion. Thus, the construction of new plants fosters the India fixed gas analyzers market growth.
Market Overview:
A fixed gas analyzer is an analytical instrument that provides regular analysis of gases at a stationary location. This analytical instrument is utilized to evaluate the concentration of a known gas in the atmosphere that contains diverse gases. The purpose of a fixed gas analyzer is to improve safety, efficiency, and quality and to monitor the process and emissions.
A fixed gas analyzer is used for a wide range of industrial applications, which include biogas analysis, biomethane generation, syngas, landfill monitoring, and wastewater treatment. It ensures safety, gas quality, and accurate readings during the process of monitoring gases. In addition, gas separation is a fundamental technique for many sectors, which includes environmental, petrochemical, and gas storage. In particular, CO2 needs to be separated from other gases in the atmosphere to lower climate change and other adverse effects. Gas analyzers are effective tools for identifying CO2 in any atmosphere in order to separate it and purify the air. Thus, the wide application of fixed gas analyzers fuels the market growth. Moreover, the rise in government focus on building new wastewater plants and food processing units acts as a major factor boosting the growth of the fixed gas analyzers market. A fixed gas analyzer is used for monitoring hazardous gases in various stages of the treatment, from pumping to sludge digestion in wastewater plants. Rise in FDI in various industries and growth in oil & gas sector are likely to have a significant impact on the fixed gas analyzers market in the next few years.
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India Fixed Gas Analyzers Market: Strategic Insights
Market Size Value in US$ 115.48 million in 2022 Market Size Value by US$ 178.23 million by 2030 Growth rate CAGR of 5.6% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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India Fixed Gas Analyzers Market: Strategic Insights
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Market Size Value in | US$ 115.48 million in 2022 |
Market Size Value by | US$ 178.23 million by 2030 |
Growth rate | CAGR of 5.6% from 2022 to 2030 |
Forecast Period | 2022-2030 |
Base Year | 2022 |
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Fixed Gas Analyzers Market Driver:
Growth in Oil & Gas Sector
The oil & gas sector in India plays a major role in boosting economic growth, which is closely related to its energy demand. As of 2022, India holds the record of being the third-largest consumer of oil in the world. The Government of India has adopted several policies to cater to the rise in the demand for oil and gas. A 100% FDI in various segments of the sector, such as petroleum products, natural gas, and refineries, helps the industry proliferate. According to the data released by the Department for Promotion of Industry and Internal Trade (DPIIT), the total FDI inflows in the petroleum & natural gas sector in India were valued at US$ 8.15 billion between April 2000 and March 2023. According to the Oil and Gas Snapshot of States (Volume 2023-24, Edition I) report released by the Petroleum Planning and Analysis Cell (PPAC) in January 2024, India has 23 refineries.
With the rise in FDIs, the sector is expanding its facilities, which include export-oriented infrastructure, such as product pipelines and export terminals. Also, these investments help to contribute to the demand for instruments required to enhance the safety of existing and new infrastructure in the oil & gas sector. Hence, the growing demand for safety instruments is increasing the need for fixed gas analyzers in the oil & gas industry, as they are used to measure the concentration or quality of a specific gas compound within a mixture of multiple gases. It also helps in the accurate measurement of emissions, real-time monitoring, detecting plant malfunctions, ensuring process safety, and others. In addition, a fixed gas analyzer allows operators to supervise their processes more effectively and efficiently, detect anomalies, and save costs on expected malfunctions. Thus, the use of fixed gas analyzers helps oil and gas plant operators remain compliant with existing environmental laws and regulations. Therefore, the rise in the oil & gas sector drives the India fixed gas analyzers market growth.
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Segment Analysis:
The “fixed gas analyzers market analysis” has been carried out by considering the following segments: product type and industry vertical. Based on product type, the market is segmented into oxygenates GC analyzers, natural gas analyzers, refinery gas analyzers, and others. Furthermore, oxygenates GC analyzers is estimated to hold a significant fixed gas analyzers market share by 2030.
Based on industry vertical, the market is segmented into oil & gas, chemicals & petrochemicals, energy, food & beverages, and others.
Furthermore, the oil & gas segment held the largest India fixed gas analyzers market share in 2022 and is expected to record the highest CAGR during the forecast period. Fixed gas analyzers are widely used in the oil & gas industry for monitoring and detecting the presence of gases in different procedures and environments. The oil & gas industry deploys fixed gas analyzers to preserve process conditions and quality control in various operations involving oil and gas. The analyzer allows operators to make real-time adjustments by ensuring reliable and efficient production processes, which increases its adoption in the oil & gas industry and drives the segment. Moreover, several fixed analyzers, such as oxygenates GC analyzers and electrochemical industrial gas analyzers, are widely used by oil & gas companies for monitoring carbon monoxide, methane, hydrogen sulfide, volatile organic compounds (VOCs), and other hazardous gases. The rise in consumer awareness regarding the capability of fixed gas analyzers in the oil & gas industries is increasing their adoption among operators. These analyzers guarantee workers’ security and infrastructure safety in the oil & gas industry, boosting the growth of the India fixed gas analyzers market.
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Key Player Analysis:
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. Several other essential market players were analyzed to get a holistic view of the market and its ecosystem.
Recent Developments:
Companies in the fixed gas analyzers market focus on both inorganic and organic strategies for their business growth. The fixed gas analyzers market report also emphasizes the key factors driving the market and prominent players' developments. A few recent key market developments by the India fixed gas analyzers market players are listed below:
- In 2022, QED ENVIRONMENTAL SYSTEMS launched LANDTEC BIOGAS 3000 to provide continuous monitoring of the entire gas production process. LANDTEC BIOGAS 3000 is a next-generation fixed gas analyzer that offers cost-effective online monitoring for biogas monitoring, anaerobic digestion, and landfill gas monitoring applications.
- In 2022, HORIBA, Ltd. launched HyEVO to support the hydrogen energy sector in achieving carbon neutrality. HyEVO is a hydrogen gas analyzer that allows users to perform continuous measurements of hydrogen concentration in gases.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
Product Type, and Industry Vertical
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
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to country scope.
Frequently Asked Questions
The India fixed gas analyzers market is expected to register an incremental growth value of US$ 62.75 million during the forecast period.
The India market size of fixed gas analyzers market by 2030 will be around US$ 178.23 million
Oxygenates GC analyzers segment is expected to hold a major market share of India fixed gas analyzers market in 2022.
Thermo Fisher Scientific Inc, Agilent Technologies Inc, Revvity Inc, M M Automation, Mukta Instruments, HNL Systems Pvt Ltd, and Teledyne Technologies Inc, are the key market players expected to hold a major market share of India fixed gas analyzers market in 2022.
Technological advancements in fixed gas analyser are anticipated to play a significant role in the India fixed gas analyzers market in the coming years.
Rise in FDI in various industries and growth in oil & gas sector are the major factors that propel the India fixed gas analyzers market.
The estimated market size for the India fixed gas analyzers market in 2022 is expected to be around US$ 115.48 million
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. India Fixed Gas Analyzers Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
4.4 Premium Insights
4.4.1 List of Tenders in India
4.4.2 Site wise Demand Analysis
5. India Fixed Gas Analyzers Market – Key Market Dynamics
5.1 India Fixed Gas Analyzers Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rise in FDI in Various Industries
5.2.2 Growth in Oil & Gas Sector
5.3 Market Restraints
5.3.1 High Initial, Operational, and Maintenance Cost
5.4 Market Opportunities
5.4.1 Stringent Government Regulation Regarding Gas Analysis
5.4.2 Rising Investment in Establishment of New Plants
5.5 Future Trends
5.5.1 Technological Advancements in Fixed Gas Analyser
5.6 Impact of Drivers and Restraints:
6. India Fixed Gas Analyzers Market Analysis
6.1 India Fixed Gas Analyzers Market Revenue (US$ Million), 2022–2030
6.2 India Fixed Gas Analyzers Market Forecast and Analysis
7. India Fixed Gas Analyzers Market Analysis – by Product Type
7.1 Oxygenates GC Analyzers
7.1.1 Overview
7.1.2 Oxygenates GC Analyzers: India Fixed Gas Analyzers Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Natural Gas Analyzers
7.2.1 Overview
7.2.2 Natural Gas Analyzers: India Fixed Gas Analyzers Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Refinery Gas Analyzers
7.3.1 Overview
7.3.2 Refinery Gas Analyzers: India Fixed Gas Analyzers Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others: India Fixed Gas Analyzers Market – Revenue and Forecast to 2030 (US$ Million)
8. India Fixed Gas Analyzers Market Analysis – by Industry Vertical
8.1 Oil and Gas
8.1.1 Overview
8.1.2 Oil and Gas: India Fixed Gas Analyzers Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Chemicals and Petrochemicals
8.2.1 Overview
8.2.2 Chemicals and Petrochemicals: India Fixed Gas Analyzers Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Energy
8.3.1 Overview
8.3.2 Energy: India Fixed Gas Analyzers Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Food and Beverage
8.4.1 Overview
8.4.2 Food and Beverage: India Fixed Gas Analyzers Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: India Fixed Gas Analyzers Market – Revenue and Forecast to 2030 (US$ Million)
9. India Gas Chromatography Detectors Market Analysis
9.1 India Gas Chromatography Detectors Market Revenue (US$ Million), 2022–2030
9.2 India Gas Chromatography Detectors Market Forecast and Analysis
10. India Fixed Gas Analyzers Market – Impact of COVID-19 Pandemic
10.1 Pre & Post COVID-19 Impact
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Thermo Fisher Scientific Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Agilent Technologies Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Revvity Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 M M Automation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Mukta Instruments
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 HNL Systems Pvt Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Teledyne Technologies Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
List of Tables
Table 1. India Fixed Gas Analyzers Market Segmentation
Table 2. List of Vendors
Table 3. List of Tenders
Table 4. Demand Analysis
Table 5. India Fixed Gas Analyzers Market – Revenue and Forecast to 2030 (US$ Million)
Table 6. India Fixed Gas Analyzers Market – Revenue and Forecast to 2030 (US$ Million) – by Product Type
Table 7. India Fixed Gas Analyzers Market – Revenue and Forecast to 2030 (US$ Million) – by Industry Vertical
Table 8. India Gas Chromatography Detectors Market – Revenue and Forecast to 2030 (US$ Million)
Table 9. India Gas Chromatography Detectors Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 10. Heat Map Analysis By Key Players
Table 11. List of Abbreviation
List of Figures
Figure 1. India Fixed Gas Analyzers Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Fixed Gas Analyzers Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. India Fixed Gas Analyzers Market Revenue (US$ Million), 2022–2030
Figure 6. India Fixed Gas Analyzers Market Share (%) – by Product Type, 2022 and 2030
Figure 7. Oxygenates GC Analyzers: India Fixed Gas Analyzers Market– Revenue and Forecast to 2030 (US$ Million)
Figure 8. Natural Gas Analyzers: India Fixed Gas Analyzers Market– Revenue and Forecast to 2030 (US$ Million)
Figure 9. Refinery Gas Analyzers: India Fixed Gas Analyzers Market– Revenue and Forecast to 2030 (US$ Million)
Figure 10. Others: India Fixed Gas Analyzers Market– Revenue and Forecast to 2030 (US$ Million)
Figure 11. India Fixed Gas Analyzers Market Share (%) – by Industry Vertical, 2022 and 2030
Figure 12. Oil and Gas: India Fixed Gas Analyzers Market– Revenue and Forecast to 2030 (US$ Million)
Figure 13. Chemicals and Petrochemicals: India Fixed Gas Analyzers Market– Revenue and Forecast to 2030 (US$ Million)
Figure 14. Energy: India Fixed Gas Analyzers Market– Revenue and Forecast to 2030 (US$ Million)
Figure 15. Food and Beverage: India Fixed Gas Analyzers Market– Revenue and Forecast to 2030 (US$ Million)
Figure 16. Others: India Fixed Gas Analyzers Market– Revenue and Forecast to 2030 (US$ Million)
Figure 17. Company Positioning & Concentration
The List of Companies - India Fixed Gas Analyzers Market
- Thermo Fisher Scientific Inc
- Agilent Technologies Inc
- Revvity Inc
- M M Automation
- Mukta Instruments
- HNL Systems Pvt Ltd
- Teledyne Technologies Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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