Gas Calorimeter Market Research Report - Global Forecast till 2027

Global Gas Calorimeter Market Research Report: Information by Application (Natural Gas Pipeline Industry, Town Gas Industry, Gas Engine Industry, Petroleum Industry, Thermal Powerhouses, Research Labs/Institutes, Steel Plants and others) and Region - Forecast till 2027

ID: MRFR/IA - E/7210-CR | January 2020 | Region: Global | 136 pages

Please note that assessment period of report has been updated from 2018-2025 to 2020-2027. Cordially fill sample form for updated data.

Market Overview


Global Gas Calorimeter Market in terms of value is Estimated to Register 5.14% CAGR During the Forecast Period.


The Global Gas Calorimeter Market is expected to witness rapid growth during the forecast period. Asia-Pacific is expected to dominate the gas calorimeter market. The presence of large international gas calorimeter players, such as Yokogawa Electric Corporation, Azbil Corporation, and RIKEN KEIKI Co., Ltd, Shimadzu Corporation, and other smaller regional players are fueling the regional market growth. Most of the economies in the region are growing rapidly and is expected to continue to grow during the forecast period. The region has emerged as one of the highest consumers of petroleum and natural gas due to the rapid urbanization, infrastructure developments, power generation, and growth of the manufacturing, food processing, and chemical industries. These factors are expected to drive the growth of the gas calorimeter market in Asia-Pacific during the forecast period.


In 2018, North America held the second largest market share in the global gas calorimeter market. The demand for natural gas and petroleum and the increase in research institutes and labs have driven the growth of the gas calorimeter market in North America. The major factors driving the growth of the gas calorimeter market are the increasing shale oil and gas extraction, high government investments, and growing presence of key players in the region. Furthermore, the upcoming and ongoing projects and developments in natural gas pipeline, favourable government regulations, improved pipeline services, and rise in demand for energy are expected to fuel the growth of the gas calorimeter market in North America.


Segmentation


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.


Regional Analysis


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 Region, 2018  Gas Calorimeter Market


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.


Synopsis


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.


Key Competitors


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). 


Market Segmentation



  • By Application Natural Gas Pipeline Industry, Town Gas Industry, Gas Engine Industry, Petroleum Industry, Thermal Powerhouses, Research Labs/Institutes, Steel Plants, and Others


Key Questions Addressed by the Report



  • What was the historic market size (2018)?

  • Which segmentation (Application) is driving market?

  • What will be the growth rate by 2025?

  • How are the key players in this market?

  • What are the strategies adopted by key players?



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   5.14% CAGR(2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  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 urbanization
  • Infrastructure developments
  • Growth of the manufacturing, food processing, and chemical industries


  • Frequently Asked Questions (FAQ) :


    The growth rate expected to be attained by the market in the near future is 5.14%.

    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 2027.

    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.