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    Gas Calorimeter Market Share

    ID: MRFR/IA - E/7210-CR
    136 Pages
    Snehal Singh
    January 2020

    Gas Calorimeter Market Research Report Information By Type (Flow-through calorimeters, Continuous-flow calorimeters, Others)And 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 2035

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    Gas Calorimeter Market Infographic
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    Market Share

    Gas Calorimeter Market Share Analysis

    The global population is projected to surge from 7.3 billion in 2015 to an estimated 9.2 billion by 2040, marking an increase of about 1.8 billion individuals mainly concentrated in developing nations. This exponential population growth is anticipated to become a driving force behind the escalating demand for power generation worldwide. Illustrated in the graph below, the expected growth in energy generation from oil and gas stands at 16.42% and 57.43%, respectively, spanning the period from 2015 to 2040.

    Additionally, the surge in demand for oil and gas across various sectors like transportation, household appliances, and industrial machinery is poised to escalate significantly in the forecasted timeframe. Such trends serve as catalysts prompting substantial investments from both governmental bodies and private enterprises, particularly in burgeoning economies. For example, the Government of India's Ministry of Petroleum and Natural Gas anticipates foreign investments worth USD 300 billion in various projects, aiming to curtail oil import dependence by 10% by 2022.

    Gas calorimeters play a pivotal role within the oil and gas industry, extensively employed in measuring and regulating the calorific value or Wobbe Index (WI) of sample gases. These instruments are instrumental in determining fuel calorific values or emission factors, monitoring physical alterations, temperature fluctuations, and other pertinent factors, facilitating the acquisition and analysis of critical data.

    Forecasts anticipate a surge in demand for gas calorimeters spurred by the burgeoning oil and gas industry. Although the current growth rate of gas calorimeters within the oil and gas sector remains moderate, projections indicate an impending uptick in demand during the forecast period. Consequently, the evolution of the oil and gas industry is expected to catalyze an escalation in the demand for gas calorimeters, shifting the impact from a moderate level to a high trajectory over the forecast period.

    The concurrent expansion of the oil and gas industry and the integration of gas calorimeters within this sector depict a trend currently categorized as moderate growth. However, as the demand for these instruments intensifies within the oil and gas domain, the trajectory is expected to undergo a notable acceleration, transitioning from moderate impact to a heightened influence on the global gas calorimeter market in the foreseeable future.

    Market Summary

    The Global Gas Calorimeter Market is projected to grow from 1208.50 USD Billion in 2024 to 1764.37 USD Billion by 2035, reflecting a robust growth trajectory.

    Key Market Trends & Highlights

    Gas Calorimeter Key Trends and Highlights

    • The market is expected to expand at a compound annual growth rate (CAGR) of 4.73% from 2025 to 2035. By 2035, the market valuation is anticipated to reach 2009.7 USD Billion, indicating substantial growth opportunities. in 2024, the market is valued at 1208.50 USD Billion, showcasing a strong foundation for future expansion. Growing adoption of gas calorimeters due to increasing energy efficiency regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 1208.50 (USD Billion)
    2035 Market Size 1764.37 (USD Billion)
    CAGR (2025-2035) 3.50%
    Largest Regional Market Share in 2024 latin_america)

    Major Players

    <p>Yokogawa Electric Corporation, Azbil Corporation, RIKEN KEIKI Co., Ltd., ABB, UNION Instruments GmbH, COSA XENTAUR, Shimadzu Corporation, Hobré Instruments B.V., HOVERLABS</p>

    Market Trends

    <p>The ongoing transition towards cleaner energy sources is likely to drive the demand for gas calorimeters, as they play a crucial role in ensuring energy efficiency and compliance with environmental regulations.</p>

    U.S. Department of Energy

    Gas Calorimeter Market Market Drivers

    Market Growth Projections

    The Global Gas Calorimeter Market Industry is poised for substantial growth, with projections indicating a market size of 1208.5 USD Billion in 2024 and an anticipated increase to 2009.7 USD Billion by 2035. This growth trajectory reflects a compound annual growth rate of 4.73% from 2025 to 2035, driven by various factors including technological advancements, regulatory compliance, and the expansion of natural gas infrastructure. The market's evolution suggests a dynamic landscape where innovations in calorimetry will continue to play a crucial role in meeting the demands of diverse industries.

    Regulatory Compliance and Standards

    Regulatory frameworks play a pivotal role in shaping the Global Gas Calorimeter Market Industry, as compliance with international standards becomes increasingly critical for businesses. Governments worldwide are establishing regulations that mandate precise measurement of gas energy content to ensure safety and environmental protection. This regulatory landscape compels industries to invest in advanced calorimetry solutions to meet compliance requirements. The anticipated growth of the market, projected to reach 2009.7 USD Billion by 2035, underscores the importance of adhering to these standards, as companies seek to avoid penalties and enhance their operational credibility.

    Growth of Natural Gas Infrastructure

    The expansion of natural gas infrastructure significantly impacts the Global Gas Calorimeter Market Industry, as the increasing reliance on natural gas as a primary energy source drives demand for accurate calorimetric measurements. As countries invest in pipelines, storage facilities, and distribution networks, the need for reliable gas measurement solutions becomes paramount. This trend is particularly evident in regions transitioning to cleaner energy sources, where natural gas serves as a bridge fuel. The market's growth potential is further highlighted by a projected compound annual growth rate of 4.73% from 2025 to 2035, indicating a sustained demand for gas calorimeters.

    Increasing Demand for Energy Efficiency

    The Global Gas Calorimeter Market Industry experiences a notable surge in demand driven by the increasing emphasis on energy efficiency across various sectors. Governments and industries are prioritizing the reduction of energy consumption and greenhouse gas emissions, leading to a heightened need for accurate measurement of gas energy content. This trend is evident in the implementation of stringent regulations aimed at promoting energy-efficient technologies. As a result, the market is projected to reach approximately 1208.5 USD Billion in 2024, reflecting a growing recognition of the role that gas calorimeters play in optimizing energy use.

    Rising Adoption in Industrial Applications

    The Global Gas Calorimeter Market Industry benefits from the rising adoption of calorimeters in various industrial applications, including power generation, chemical processing, and food production. Industries are increasingly recognizing the importance of precise gas measurement for optimizing processes, ensuring product quality, and enhancing safety. This trend is particularly pronounced in sectors where gas composition directly affects operational efficiency and product outcomes. As industries continue to invest in advanced measurement technologies, the market is poised for growth, driven by the need for reliable calorimetric solutions that support operational excellence.

    Technological Advancements in Measurement Techniques

    Technological innovations significantly influence the Global Gas Calorimeter Market Industry, as advancements in measurement techniques enhance the accuracy and reliability of calorimetry. The integration of digital technologies and smart sensors allows for real-time monitoring and data analysis, which is crucial for industries such as oil and gas, power generation, and manufacturing. These improvements not only streamline operations but also contribute to cost savings and improved safety standards. The ongoing evolution of these technologies suggests a robust growth trajectory, with the market expected to expand further as industries adopt more sophisticated calorimetric solutions.

    Market Segment Insights

    Regional Insights

    Industry Developments

    Future Outlook

    Gas Calorimeter Market Future Outlook

    <p>The Global Gas Calorimeter Market is projected to grow at a 4.73% CAGR from 2025 to 2035, driven by increasing energy efficiency regulations and technological advancements.</p>

    New opportunities lie in:

    • <p>Develop smart gas calorimeters integrating IoT for real-time data analysis. Expand into emerging markets with tailored solutions for local energy needs. Invest in R&amp;D for advanced calorimetry techniques to enhance accuracy and efficiency.</p>

    <p>By 2035, the Gas Calorimeter Market is expected to achieve robust growth, reflecting evolving energy demands and technological innovations.</p>

    Market Segmentation

    Gas Calorimeter Market Synopsis

    • What are the strategies adopted by key players?
    • How are the key players in this market?
    • What will be the growth rate by 2025?
    • Which segmentation (Application) is driving market?
    • What was the historic market size (2018)?

    Gas Calorimeter Market Segmentation

    • By Type – Flow-through calorimeters
    • Continuous-flow calorimeters
    • Others
    • 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 are the strategies adopted by key players?
    • How are the key players in this market?
    • What will be the growth rate by 2025?
    • Which segmentation (Application) is driving market?
    • What was the historic market size (2018)?

    Gas Calorimeter Market Regional Analysis

    • What are the strategies adopted by key players?
    • How are the key players in this market?
    • What will be the growth rate by 2025?
    • Which segmentation (Application) is driving market?
    • What was the historic market size (2018)?

    Global Gas Calorimeter Market, by Regions

    • What are the strategies adopted by key players?
    • How are the key players in this market?
    • What will be the growth rate by 2025?
    • Which segmentation (Application) is driving market?
    • What was the historic market size (2018)?

    Report Scope

    Report Attribute/MetricDetails
    Market Size 2024USD 1,208.5 Billion
    Market Size 20351764.37
      CAGR3.50% (2025 - 2035)
      Base Year2024
      Forecast Period2025 - 2035
      Historical Data  2019 & 2022
      Forecast Units  Value (USD Billion)
      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 DriversRapid urbanizationInfrastructure developmentsGrowth of the manufacturing, food processing, and chemical industries
    Market Size 20251250.80

    Market Highlights

    Author

    Snehal Singh
    Assistant Manager - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    What growth rate can the market attain during the evaluation period?

    The growth rate expected to be attained by the market in the near future is 4.73%.

    What is expected to be the market size by 2030?

    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.

    Who are the top players in the global market, as listed in the report?

    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.

    What factors are giving rise to growth opportunities for the players in the worldwide market?

    Mounting consumption of natural gas across various regions can create growth opportunities for the players in the global market.

    What are the main application areas of gas calorimeter?

    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.

    What is a gas calorimeter’s use in the natural gas pipeline industry?

    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.

    What are the primary regions across which the market is projected to expand in the coming years?

    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.

    1. EXECUTIVE SUMMARY
      1. MARKET ATTRACTIVENESS ANALYSIS 12
        1. GLOBAL GAS CALORIMETER MARKET, BY APPLICATION 13
        2. GLOBAL GAS CALORIMETER MARKET, BY REGION 14
    2. MARKET INTRODUCTION
      1. DEFINITION 15
      2. SCOPE OF THE STUDY 15
      3. MARKET STRUCTURE 16
      4. KEY BUYING CRITERIA 16
    3. RESEARCH METHODOLOGY
      1. RESEARCH PROCESS 17
      2. PRIMARY RESEARCH 18
      3. SECONDARY RESEARCH 19
      4. MARKET SIZE ESTIMATION 19
      5. TOP-DOWN AND BOTTOM-UP APPROACH 20
      6. FORECAST MODEL 21
      7. LIST OF ASSUMPTIONS 22
    4. MARKET INSIGHTS
    5. MARKET DYNAMICS
      1. INTRODUCTION 27
      2. DRIVERS 28
        1. GROWTH OF THE OIL & GAS INDUSTRY 28
        2. VERSATILITY OF GAS CALORIMETERS 29
      3. RESTRAINTS 30
        1. HIGH UNIT COST OF GAS CALORIMETER 30
      4. OPPORTUNITY 31
        1. ADVANCEMENTS AND UPGRADE OF GAS CALORIMETERS 31
    6. MARKET FACTOR ANALYSIS
      1. PORTER’S FIVE FORCES MODEL 32
        1. THREAT OF NEW ENTRANTS 32
        2. BARGAINING POWER OF SUPPLIERS 33
        3. BARGAINING POWER OF BUYERS 33
        4. THREAT OF SUBSTITUTES 33
        5. RIVALRY 33
      2. SUPPLY CHAIN ANALYSIS: GLOBAL GAS CALORIMETER MARKET 34
        1. DESIGN & DEVELOPMENT 34
        2. RAW MATERIAL/ COMPONENT SUPPLY 35
        3. GAS CALORIMETER ASSEMBLY 35
        4. SUPPLY AND DISTRIBUTION 35
        5. END USE 35
      3. POWER-TO-GAS (P2G) ANALYSIS 35
        1. OVERVIEW 35
        2. POWER-TO-GAS (P2G) EUROPE TRENDS 35
        3. REGULATORY LANDSCAPE 39
    7. GLOBAL GAS CALORIMETER MARKET, BY APPLICATION
      1. INTRODUCTION 40
      2. NATURAL GAS PIPELINE INDUSTRY 40
      3. TOWN GAS INDUSTRY 40
      4. GAS ENGINE INDUSTRY 40
      5. PETROLEUM INDUSTRY 41
      6. THERMAL POWER HOUSES 41
      7. RESEARCH LABS/INSTITUTES 41
      8. STEEL PLANTS 41
      9. OTHERS (AEROSPACE, PROCESS, AND CEMENT INDUSTRY) 41
    8. GLOBAL GAS CALORIMETER MARKET, BY REGION
      1. OVERVIEW 43
      2. ASIA-PACIFIC 44
        1. CHINA 46
        2. JAPAN 47
        3. INDIA 48
        4. REST OF ASIA-PACIFIC 49
      3. NORTH AMERICA 50
        1. US 52
        2. CANADA 53
        3. MEXICO 54
      4. EUROPE 55
        1. GERMANY 57
        2. FRANCE 58
        3. UK 59
        4. ITALY 60
        5. REST OF EUROPE 61
      5. REST OF THE WORLD 62
        1. MIDDLE EAST & AFRICA 64
        2. SOUTH AMERICA 65
    9. COMPETITIVE LANDSCAPE
      1. INTRODUCTION 66
      2. MANUFACTURER ANALYSIS: GLOBAL GAS CALORIMETER MARKET 66
      3. GLOBAL GAS CALORIMETER MAJOR PLAYERS MARKET SHARE ANALYSIS 70
      4. COMPETITIVE BENCHMARKING 70
      5. KEY COMPANIES BY APPLICATION 71
    10. COMPANY PROFILES
      1. YOKOGAWA ELECTRIC CORPORATION 72
        1. COMPANY OVERVIEW 72
        2. FINANCIAL OVERVIEW 73
        3. PRODUCTS OFFERED 73
        4. KEY DEVELOPMENTS 74
        5. SWOT ANALYSIS 74
        6. KEY STRATEGIES 74
      2. AZBIL CORPORATION 75
        1. COMPANY OVERVIEW 75
        2. FINANCIAL OVERVIEW 76
        3. PRODUCTS OFFERED 76
        4. KEY DEVELOPMENTS 77
        5. SWOT ANALYSIS 77
        6. KEY STRATEGIES 77
      3. RIKEN KEIKI CO., LTD 78
        1. COMPANY OVERVIEW 78
        2. FINANCIAL OVERVIEW (2020-2027) 79
        3. PRODUCTS OFFERED 80
        4. KEY DEVELOPMENTS (2020-2027) 80
        5. SWOT ANALYSIS 81
        6. KEY STRATEGIES 81
      4. ABB 82
        1. COMPANY OVERVIEW 82
        2. FINANCIAL OVERVIEW 83
        3. PRODUCTS OFFERED 83
        4. KEY DEVELOPMENTS (2020-2027) 84
        5. SWOT ANALYSIS 84
        6. KEY STRATEGIES 84
      5. UNION INSTRUMENTS GMBH 85
        1. COMPANY OVERVIEW 85
        2. FINANCIAL OVERVIEW 85
        3. PRODUCTS OFFERED 85
        4. KEY DEVELOPMENTS (2020-2027) 85
      6. COSA XENTAUR 86
        1. COMPANY OVERVIEW 86
        2. FINANCIAL OVERVIEW 86
        3. PRODUCTS OFFERED 86
        4. KEY DEVELOPMENTS (2020-2027) 86
      7. SHIMADZU CORPORATION 87
        1. COMPANY OVERVIEW 87
        2. FINANCIAL OVERVIEW 88
        3. PRODUCTS OFFERED 89
        4. KEY DEVELOPMENTS (2020-2027) 89
      8. HOBRÉ INSTRUMENTS B.V. 90
        1. COMPANY OVERVIEW 90
        2. FINANCIAL OVERVIEW 90
        3. PRODUCTS OFFERED 90
        4. KEY DEVELOPMENTS 90
      9. HOVERLABS 91
        1. COMPANY OVERVIEW 91
        2. FINANCIAL OVERVIEW 91
        3. PRODUCTS OFFERED 91
        4. KEY DEVELOPMENTS (2020-2027) 91
    11. APPENDIX
      1. REFERENCES 92
      2. RELATED REPORTS 92
    12. LIST OF TABLES
    13. LIST OF FIGURES

    Gas Calorimeter Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
    Infographic

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