Gas Calorimeter Market is projected to grow from USD 1.7 Billion in 2022 to USD 3.7 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.0% during the forecast period (2024 - 2032). Global Gas Calorimeter Industry Size was valued at USD 1.3 billion in 2019.
The calorimeter calculates heat that living organisms produce by measuring their production of carbon dioxide and nitrogen waste or their oxygen consumption. The indirect calorimeter is the method by which the type and the rate of the substrate utilization and the energy metabolism are estimated in the vivo, starting from the gas exchange measurements. This technique provides unique information, is noninvasive and can be advantageously combined with other experimental methods to investigate numerous aspects of the nutrient assimilation, thermogenesis, the energetics of the physical exercise and the pathogenesis of the metabolic diseases.
The calorimeter provides at least two pieces of information to measure the energy of the expenditure or 24-hour caloric requirements as reflected by the Resting Energy Expenditure and a measure of the substrate utilization as reflected in the Respiratory Quotient. Knowing the several factors that affect these values has led to a much broader range of applications. The calorimeter has influenced everyday practices of medical and surgical care, such as the warming of the burn unit and the surgical suites and the weaning of the patients from the ventilators.
The Key Players of the Global Gas Calorimeter Market are Yokogawa Electric Corporation (Japan), Azbil Corporation (Japan), RIKEN KEIKI Co., Ltd. (Japan), ABB (Switzerland), UNION Instruments GmbH (Germany), COSA XENTAUR (US), Shimadzu Corporation (Japan), Hobré Instruments B.V. (Netherlands), and HOVERLABS (India).
North America is expected to dominate the market due to the increase in the obese populations across the region. Another driving factor is the availability of the better health care infrastructure in the region and the rising awareness about the facilities available for obese people. The United States holds the largest market share in the North American region.
The calorimeter market is competitive and consists of a few major players. Recently a forerunner in calorimetry with world-leading products in calorimetry and the artificial environment rooms, Fuji Medical Science has intensified the research and development collaboration in East Asia to break new ground in the treatment of aging and lifestyle diseases.
The Global Gas Calorimeter Market is segmented based on Application.
On the basis of application, the Global Gas Calorimeter Market is segmented into natural gas pipeline industry, town gas industry, gas engine industry, petroleum industry, thermal powerhouses, research labs/institutes, steel plants, and others. The natural gas pipeline industry segment held the largest market share in 2018. Gas calorimeters are widely used in the natural gas pipeline industry as they facilitate smooth, simple, and accurate trade transactions and conform and maintain the international measurement standards. A gas calorimeter is an ideal apparatus for liquified natural gas (LNG) calorific adjustment lines and applications that improve combustion efficiency for gas turbines and furnaces. A gas calorimeter offers a quick response within five seconds, which is over 30 times faster than traditional gas chromatographs. Moreover, gas calorimeters are available in an amazingly low one-fifth to one-twentieth price of natural gas calorimeters. They offer highly accurate measurements even with gas component fluctuations and are highly reliable compared to their counterparts available in the global market.
On the basis of region, the Global Gas Calorimeter Market is segmented into North America, Europe, Asia-Pacific (APAC), and the Rest of the World.
Global Gas Calorimeter Market, by Regions
Source: MRFR Analysis
Europe is expected to witness an excellent growth in the gas calorimeter market. The increasing in research institutes and the increasing use of gas calorimeter in oil & gas and petroleum industries in Europe is expected to drive the gas calorimeter market in this region. The increasing natural gas pipeline services, rising demand for energy, and growing oil and gas exploration and production are the key factors that are boosting the demand for gas calorimeters in this region. The key gas calorimeter companies in Asia-Pacific, such as Yokogawa Electric Corporation, and Azbil Corporation, are expanding their presence in Europe through mergers, acquisitions, contracts, and agreements to increase their global market share. Such factors are expected to lead to the growth of the gas calorimeter market in Europe during the forecast period.
Germany is one of the major producers of gas calorimeter in Europe. The gas calorimeter market in Germany is expected to grow at the fastest rate due to the factors including increasing offshore production and rising demand for oil and gas and petroleum products. According to the BP statistical review 2018, Germany produced 6.4 billion cubic meters (BCM) of natural gas while it consumed 90.2 BCM of natural gas. According to the US Energy Information administration, Germany consumed 2.3 million barrels per day (b/d), making up 34% of the country’s total primary energy consumption in 2015. The increasing demand for energy production and oil & gas extraction and production is further expected to increase the demand for gas calorimeter in this country during the forecast period.
The Global Gas Calorimeter Market has been segmented on the basis of Application, and Region. On the basis of application, the global gas calorimeter market is segmented into natural gas pipeline industry, town gas industry, gas engine industry, petroleum industry, thermal powerhouses, research labs/institutes, steel plants, and others. The natural gas pipeline industry segment is expected to dominate the market.
| Report Attribute/Metric | Details |
| Market Size | 2030: USD 3.7 Billion |
| CAGR | 7.0% CAGR (2024-2032) |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2019 & 2023 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Yokogawa Electric Corporation (Japan), Azbil Corporation (Japan), RIKEN KEIKI Co., Ltd. (Japan), ABB (Switzerland), UNION Instruments GmbH (Germany), COSA XENTAUR (US), Shimadzu Corporation (Japan), Hobré Instruments B.V. (Netherlands), and HOVERLABS (India). |
| Key Market Opportunities | Advancements and Upgrade of Gas Calorimeter |
| Key Market Drivers | Rapid urbanizationInfrastructure developmentsGrowth of the manufacturing, food processing, and chemical industries |
Gas Calorimeter Market Highlights:
Frequently Asked Questions (FAQ) :
The growth rate expected to be attained by the market in the near future is 7.0%.
Upcoming as well as ongoing projects along with the developments in natural gas pipeline, supportive government regulations, and the soaring demand for energy ensure that the gas calorimeter market notes substantial growth by 2030.
The top vendors in the market include RIKEN KEIKI Co., Ltd. (Japan), Yokogawa Electric Corporation (Japan), ABB (Switzerland), HOVERLABS (India), Azbil Corporation (Japan), Hobré Instruments B.V. (Netherlands), UNION Instruments GmbH (Germany), COSA XENTAUR (US), Shimadzu Corporation (Japan), and others.
Mounting consumption of natural gas across various regions can create growth opportunities for the players in the global market.
The main application areas of gas calorimeter are steel plants, town gas industry, natural gas pipeline industry, petroleum industry, gas engine industry, research labs/institutes, thermal powerhouses, and others.
Gas calorimeters find common use in the natural gas pipeline industry, facilitating simple, smooth, and accurate trade transactions, in addition to maintaining the international measurement standards.
North America, Asia Pacific, Europe, and the rest of the world are the primary regions across which the market is projected to expand in the coming years.
The gas Calorimeter Market is expected to rise at a CAGR of 5.14%, with a significant value over the estimated forecast year of 2022-2030.
$Significant Value
5.14%
Europe
2022-2030
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
