Global Marine Gas Analyzers Market Size By Product Type(Portable and Fixed), By Application(Retrofit and New Ships), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Global Marine Gas Analyzers Market Size By Product Type(Portable and Fixed), By Application(Retrofit and New Ships), By Geographic Scope And Forecast

Marine Gas Analyzers Market Size And Forecast

Marine Gas Analyzers Market size was valued at USD 86,949.73 Thousand in 2021 and is projected to reach USD 1,27,462.03 Thousand by 2030, growing at a CAGR of 4.61% from 2023 to 2030.

The market for marine gas analyzers is rapidly expanding as a result of the advantages provided by gas analyzers in analyzing the emissions of ships carrying different goods across various sea routes. The surging categorization of gas analyzers along with the availability of different types of analyzers based on the requirements drives the market growth in the coming years.  The Global Marine Gas Analyzers Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Marine Gas Analyzers Executive Summary

A gas analyser? Think of it as a super-sensitive nose that can identify exactly what gases are in a sample. But it's not just about what's there, it's about how much, displayed in easy-to-understand numbers or charts! Now, picture the harsh conditions on a ship – all that humidity and grime. That's where marine gas analyzers shine. They keep a close watch on the gases ships release, reliably measuring things like O2, SO2, CO, CO2, and other hydrocarbons. This helps ships follow important rules like MARPOL Annex-VI and the NOx Technical Code and snag their IAPP certification. Because they're so useful for monitoring ship emissions, the market for gas analyzers is booming! As we see more and more types developed to fit different needs, the market will only get bigger. The ability to get real-time gas readings is a huge win for shipping companies. Sure, upkeep and repairs can be a bit of a drag. But overall, with governments pushing for cleaner air and cool new technologies popping up, the future's looking good for marine gas analyzers. You'll find them in two main formsportable and fixed. And they're either built into new ships or added to existing ones ("retrofit" style).

Several industry participants involved in the marine gas analyzers industry boost their industry presence, through partnerships and collaborations. Over the anticipated timeframe, new entrants will grow steadily, powered by substantial profit margins. Vimex/Norsk, SICK, Green Instruments (Denmark), EmsysWz, Fuji Electric, Cubic-Ruiyi, Consilium, ABB, Horiba, and Danfoss are some prominent players in the market.

Global Marine Gas Analyzers Market Outlook

Maritime shipping is an essential component of global trade. It is related to numerous industries. Shipping is used to convey food, medicines, technology, and many other items. Cost-effective shipping methods are used for growth and sustainable development, particularly in poor countries. No country in the world can survive without maritime shipping. Because maritime shipping is completely dependent on trade and business, it has become a crucial component in propelling the global economy.

So, the maritime industry is taking off, right? A huge part of that is global trade exploding. We actually saw a record 10.6 billion metric tonnes of stuff shipped by sea in 2020, and it's just climbing! What's fueling it all? Well, you've got developing countries booming, populations expanding, and cities getting bigger. More city-dwellers means more people buying things, especially cool stuff from all over the world. And here's something elseoffshore energy is a massive factor. Oil and gas production out at sea peaked in 2018, and it's expected to keep rising. New tech lets us get resources from super deep down, and developing nations are craving energy. All that creates a need for more support vessels, engineering services, and everything else related to the sea. Also, the marine gas analyzer market is changing fast, with tons of new types and options, which really helps. Asia Pacific is leading the way because of all the global trade flowing through countries like China, India, and Vietnam. All those cargo ships carrying goods need to watch their emissions, so these analyzers are crucial for following the IMO's guidelines. Asian countries are also trading with each other more, especially with manufacturing. Raw materials come from one place, get processed in another – it all means more trade, which equals more marine transport, and yep, you guessed it, more demand for those marine gas analyzers!

Global Marine Gas Analyzers MarketSegmentation Analysis

The Global Marine Gas Analyzers Market is segmented on the basis of Product Type, Application and geography.

Marine Gas Analyzers Market by Product Type

  •  Portable
  • Fixed

 

To Get Summarized Market Report By Product Type-

So, when we talk about Product Type in the marine gas analyzer world, we're basically looking at two champsPortable and Fixed. And boy, is everyone keeping an eye on how these two are doing! Back in 2021, the Portable analyzers were the big winners, grabbing the biggest slice of the global market. And get this – we're betting they'll still be on top in 2030! What's the deal with the portable love? They're just incredibly handy for measuring gas concentrations and other key stuff like temperature, pressure, and gas flow. Plus, they're designed to be user-friendly, making it easy to see what's going on under the hood. You'll often see these portable gas analyzers being used in maritime settings to monitor gas levels. The cool thing is, these marine portable analyzers are typically smaller than the fixed ones, so you can lug them around and get your gas analysis results in a flash.

Marine Gas Analyzers Market by Application

  • Retrofit
  • New Ships

To Get Summarized Market Report By Application-

So, when it comes to gas analyzers, there are really just two ways they get usedslapping them onto ships already out there (Retrofit) or building them right into New Ships. And Retrofitting? It's a big deal! It actually ruled the market in 2021! The predictions say it will still be the top choice in 2030, taking up nearly 30% of the market. What is it? Think of it as a ship's technology makeover—adding all the latest and greatest systems. Ships get upgraded mostly because they have to comply with those pesky new rules, or sometimes just to get better performance. The shipping industry needs to start focusing on retrofitting gas analyzers more consistently. It should be standard practice, you know? Always a consideration, always looking for ways to do it.

Marine Gas Analyzers Market by Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

To Get Summarized Market Report By Geography- 

So, when we're checking out different areas, the Global Marine Gas Analyzers Market can be divided into spots like North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Right now, North America looks like a good bet for this market. But Asia Pacific is really shining – they've got the largest share globally and are predicted to hold onto it until 2030. We're talking some serious growth, around 3.68% annually from 2023 to 2030! A major driver here is the increased trade happening between Asian countries, way more so with manufacturing. Basically, they're manufacturing stuff together, sourcing resources from the whole region. That boost in trade? It's likely to give marine transportation a shot in the arm, which means a bigger need for, you guessed it, marine gas analyzers.

The increased movement of dry bulk commodities across regional waterways will fuel growth prospects for the European gas analyzers market throughout the forecast period. During the forecast period, the gas analyzers industry in Europe will see potential growth driven by product development based on demand, such as the development of portable gas analyzers. Businesses in this industry are investing heavily in order to deliver better services to their customers by providing analyzers that work accurately helping in detecting the various gases emitted by these ships.

Key Players

The major players in the market are; include Norsk Analyse AS, SICK, Green Instruments A/S, Emsys Maritime Ltd., Fuji Electric Co., Ltd., Hubei Cubic Ruiyi Instrument Co., Ltd., Consilium, ABB, HORIBA, Ltd., and Danfoss among others.

This section provides company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

? Company Market Ranking Analysis

Alright, so we really dug into the Marine Gas Analyzers market to figure out who's on top. And our company rankings? They're not just pulled out of thin air! We look at a whole slew of stuff before crowning anyone. Right now, ABB, SICK, and Fuji Electric are the top 3. What'd we consider? Things like brand power, their entire product portfolio – think different types, specs, all the bells and whistles! – their global reach, recent sales numbers, and how much revenue they're pulling in. We also dig into their tech and any smart strategies they're using to get bigger, whether it's worldwide or just in specific areas. Last but not least, we check out their whole distribution setup, both online and offline, because that tells us a lot about how far they can reach and how solid their foothold is in different Marine Gas Analyzers markets.

? Company Regional/Industry Footprint

Curious about where a company does business? The regional section gives you the lowdown on their geographical footprint, showing things like their regional reach or where their sales are happening. Think of Starbucks – they're practically everywhere! They have a presence in North America, Europe, Asia Pacific, Latin America, and even the Middle East and Africa. But it's not just about location. The "industrial footprint" section digs a bit deeper, cross-analyzing industry sectors and the big players to show where a company truly fits. You can also peek at their product portfolio to see how many different things they offer. Lastly, we examine their geographic reach and market penetration, basically figuring out how much of a company's stuff is being used in different areas and industries.

? Ace Matrix

This section of the report provides an overview of the company evaluation scenario in the Marine Gas Analyzers market. The company evaluation has been carried out based on the outcomes of the qualitative and quantitative analyses of various factors such as the product portfolios, technological innovations, market presence, revenues of companies, and the opinions of primary respondents.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Marine Gas Analyzers Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2019-2030

BASE YEAR

2022

FORECAST PERIOD

2023-2030

HISTORICAL PERIOD

2019-2021

UNIT

Value (USD Thousand)

KEY COMPANIES PROFILED

Norsk Analyse AS, SICK, Green Instruments A/S, Emsys Maritime Ltd., Fuji Electric Co., Ltd., Hubei Cubic Ruiyi Instrument Co., Ltd., Consilium, ABB, HORIBA, Ltd., and Danfoss among others.

SEGMENTS COVERED

Product Type, Application and geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days)  with purchase. Addition or alteration to country, regional & segment scope

Marine Gas Analyzers Market Infographic

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