Vertical: IAEBase Year: 2018
Market Size (2018)
$464.80M
Projected (2025)
$633.20M
CAGR (2017–2025)
4.4%
Key Players
9+
The global gas calorimeter market is expected to grow at approximately 5.14% CAGR during the forecast and reach USD 450.8 million by 2025. In 2018, the market was led by Asia-Pacific with a 35.45% share, followed by North America and Europe with shares of 28.98% and 23.11%, respectively.
The global gas calorimeter market has been segmented based application and region. On the basis of application, the natural gas pipeline industry segment dominated the global market with a share of 29.77%, having accounted for USD 95.2 million in 2018 and is projected to grow at the CAGR of 3.96%. By region, the global market is segmented as North America, Asia-Pacific, Europe, and the rest of the world. The market in Asia-Pacific was valued at USD 113.3 million in the year 2018, registering a growth rate of 4.40% CAGR. The market in North America was valued at USD 92.6 million in the year 2018, registering a growth rate of 5.43% CAGR.
The Gas Calorimeter Market market is projected to grow at a CAGR of 4.4% from 2017 to 2025.
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View Subscription PlansGeneral perception/impression from gas calorimeters name runs very wide and vague.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2017 – 2017
Forecast Period
2019 – 2025
Primary Interviews
150+
Historical data (2017–2018) and forecast period (2018–2025)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThe global gas calorimeter market is characterized by the presence of many global and regional players. It has been witnessing a high competition, owing to the presence of many small and large companies that are developing and manufacturing gas calorimeters. The growing end-use industries and technological advancements in gas calorimeters are the factors for the manufacturers to invest in the global market. However, the high cost of the product and the need for frequent maintenance are the prime factors for the declining market position of the companies. It is vital for these players to offer cost-effective, efficient, and high-quality gas calorimeters to excel in the competitive market environment. The companies are investing in research and development to improve the material and technologies to meet the demand for cost-effective gas calorimeters of the end users.
The growth of the companies is dependent on the demand, product features, aftersales maintenance, and the growth of the end-use industries. Yokogawa Electric Corporation, Azbil Corporation, ABB, UNION Instruments GmbH, and COSA XENTAUR, are the leading companies with around 70% share in the global gas calorimeter market in 2018. Other key companies include RIKEN KEIKI Co., Ltd, Shimadzu Corporation, Hobré Instruments B.V., and HOVERLABS in the global gas calorimeter market.
Of all the industry participants, the above-mentioned companies are the major players involved in the development of the global gas calorimeter market. These players have strengthened their presence in the global market through product development with focus on research and development and are expected to focus on signing long-term agreements with leading companies in the energy & power sector to cater to the demand for gas calorimeters during the forecast period. The competitive environment in the market is likely to intensify further due to an increase in the product development to reduce the overall cost of gas calorimeters and further increase global market share.
Michael Porter’s Five Forces model is a framework to study the global gas calorimeter market. Strategic business managers, trying to gain an edge over competing firms in the global gas calorimeter market, can utilize this model to better comprehend the industry, in which the company operates. The components of each of the forces and the degree of impact of each force in the context of the global gas calorimeter market have been broken down and analyzed.
Threat of New Entrants
The global gas calorimeter market is moderately capital intensive as setting up production facilities form a majority of the costs. The level of technical expertise involved in designing, developing, and manufacturing high-quality gas calorimeter is high. The existing market players invest heavily in research and development to offer innovative products and meet industry standards. They even form partnerships with small players to strengthen their product portfolios and manufacturing units. Furthermore, there are stringent government regulations for gas calorimeter manufacturing and obtaining licenses, especially in regions such as Europe and North America. Such factors are expected to reduce the threat of new entrants in the market. Thus, the threat of new entrants in the global gas calorimeter market is expected to be low.
Bargaining Power of Suppliers
The gas calorimeter manufacturers procure raw materials and components from suppliers. The raw materials and components include aluminum alloy, stainless steel, glass, rubber, silicon, and gas meter, pressure regulator, pressure valve, calibration gas cylinder, pressure switch, flow meter, temperature meter, solenoid valve, filter, wire, sensor, adaptor, and LCD display. There are various suppliers, which reduces their bargaining power.
Most gas calorimeter manufacturers procure raw materials and components in bulk, which further reduces the bargaining power of suppliers. However, the gas calorimeter manufacturing companies cannot easily switch suppliers due to the long-term contracts between them and the suppliers to ensure the timely supply of the materials and parts in the required quantity and quality, which increases the switching cost and the bargaining power of suppliers. Thus, the bargaining power of suppliers in the gas calorimeter market is expected to be moderate.
Bargaining Power of Buyers
The buyers in the market include the participants of the natural gas pipeline, town gas, gas engine, petroleum, thermal power, and steel industries. The concentration of buyers is high, which reduces their bargaining power. They rely on the successful and established companies that manufacture gas calorimeters. Furthermore, brand recognition has a high impact on the market. Switching between providers may involve moderate costs due to the risks of unavailability of the required quality and quantity from the new provider. Thus, the bargaining power of buyers within the global gas calorimeter market is expected to be low.
Threat of Substitutes
Gas calorimeters have no substitutes that can match their technical specifications and features. Thus, the threat of substitutes in the global gas calorimeter market is expected to be low.
Rivalry
The adoption of gas calorimeters in applications, such as gas, petroleum, thermal power, and steel plants, is high. There is high competition among the existing players in the global market as the manufacturers are constantly increasing their global presence by establishing long-term partnership agreements with the small component and solutions providers, across the globe. This also helps the established market players cater to the needs of the end users, more efficiently.
The global market is dominated by the players such as Yokogawa Electric Corp., Azbil Corp., RIKEN KEIKI Co. Ltd, ABB, and UNION Instruments GmbH. Such companies compete in terms of price, design, quality, technology, operator safety and convenience, and other parameters to increase their respective market shares. The presence of a wide number of companies in the global market is expected to encourage them to grow and strengthen their global presence. Therefore, the intensity of rivalry in the global gas calorimeter market is expected to be high.
Market estimates by geography (2025)
InsightAsia Pacific leads with $225.70M by 2025, while Europe is projected to grow fastest at a 5.4% CAGR.
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View Subscription Plans| REGION | 2017 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $134.70M | $159.90M | $195.30M | 4.8% | 31% |
| Asia Pacific | $168.50M | $192.30M | $225.70M | 3.7% | 36% |
| Europe | $94.20M | $114.70M | $143.60M | 5.4% | 23% |
| Rest of the World | $50.10M | $57.80M | $68.60M | 4.0% | 11% |
| Total | $447.50M | $524.70M | $633.20M | 4.4% | 100% |
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Analytical insights on Gas Calorimeter Market covering market dynamics, competitive landscape, and strategic outlook.
The Gas Calorimeter Market market is projected to reach $633.20M by 2025, growing at 4.4% CAGR.
The growth of the global gas calorimeter market is driven by growth of the oil & gas industry and versatility of gas calorimeters. However, the growth of the market can be hindered due to the high unit cost of gas calorimeter.
The global population is estimated to increase from 7.3 billion in 2015 to 9.2 billion in 2040, approximately 1.8 billion people of which are expected to reside in developing countries. This growth in the population is expected to drive the demand for power generation all over the world. The below graph depicts the projected growth of the energy generation from oil, i.e. 16.42% and from gas, i.e. 57.43% between 2015 and 2040.
Furthermore, the demand for oil and gas for various other purposes such as transportation, home appliances, industrial machines is expected to rise rapidly during the forecast period. Such scenarios encourage government and private sector investments in industries, especially from the emerging economies. For instance, according to the Ministry of Petroleum and Natural Gas, Government of India, the foreign investors are expected to invest in projects worth USD 300 billion in India, as the country looks to reduce dependence on oil imports by 10% by 2022.
Gas calorimeters are widely used in the oil & gas industrial applications to measure and control the calorific value or Wobbe Index (WI) of the sample gas, determine the calorific value or emission factor of the fuels, physical changes, and temperature and others. They are helpful in obtaining and reading the data related to the above-mentioned factors. The growth of the of the oil & gas industry is expected to increase the demand for gas calorimeters during the forecast period.
The growth of oil & gas industry and the penetration of the gas calorimeter in oil & gas industry is moderate. However, the growth is expected to increase with the rise in demand for gas calorimeters in the oil & gas industry during the forecast period. Thus, the impact of the growth of the oil & gas industry on the global gas calorimeter market is expected to shift from moderate to high over the forecast period.
The manufacturers of gas calorimeters are continuously working on improving precision, response time, process accuracy and stability, and reducing the system weight. Furthermore, gas calorimeter manufacturing companies are focusing on the design and development of gas calorimeters with improved performance and measurement.
For instance,
· In 2017, Ellutia Chromatography Solutions launched the 500 series gas chromatograph that offers reduced cycle time as the sample throughput and the ability to switch between conventional and ultra-fast depend on the applications.
· In 2017, Shimadzu Corporation launched next industry standard gas chromatograph – Nexis GC-2030. It offers superior usability and expandability across applications, such as oil & gas, petroleum, and research, along with the new user interface featuring a full-color LCD touch panel that provides intuitive and easy-to-understand operability.
· Such factors enhance the ease of use of gas calorimeters in thermal power plants, engines, and oil pipelines and refineries.
Thus, the advancements and upgrade of gas calorimeters is expected to create opportunities for the global gas calorimeters market players during the forecast period.
The costs associated with the raw material procurement and manufacturing of gas calorimeter increase with a rise in the capacity of the calorimeter used. The gas calorimeter is manufactured using multiple raw materials such as aluminum alloy, stainless steel, glass, rubber, and silicon. The components used for manufacturing gas calorimeters include gas meters, pressure regulators, pressure valves, calibration gas cylinders, pressure switches, flow meters, temperature meters, solenoid valves, filters, wires, sensors, adaptors, and LCD displays. The prices associated with the raw material and components are continuously increasing, leading to a rise in the cost of the gas calorimeter assembly. Thus, the demand for gas calorimeters is witnessing reduction, especially from the small and medium scale companies.
The high costs associated with gas calorimeters affect their use. However, the development of cost-effective parts with increased lifespan of gas calorimeter and components, is expected to reduce the costs of gas calorimeters. Additionally, the rising purchasing power is expected to decrease the impact of the high costs on the market. Therefore, the impact of the high unit cost of gas calorimeter on the global gas calorimeter market is expected to shift from moderate to low over the forecast period.
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Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Profiles of 106 companies operating in the Gas Calorimeter Market market, including revenue, employee count, and market positioning where available.
Showing 106 of 106 companies
Company Headquarters: India Founded: 1963 Workforce: N/A Company Working: HOVERLABS is a manufacturer and exporter of scientific and laboratory equipment. It regularly exports its products to over 110 countries worldwide. The company operates through its facility located in Ambala Cantt, which is equipped with latest CNC workstations, die making machines, and ERP quality control systems, which helps it attain excellent product quality at a very competitive price. Its product portfolio includes educational equipment, analytical lab equipment, engineering lab equipment, medical equipment, testing equipment, electronic trainers & kits, industrial equipment, labware, optics, diagnostic tests, heavy machinery, and tuning forks. The company offers the exhaust gas calorimeters under its testing equipment product segment.
Company Headquarters: Netherlands Founded: 1978 Workforce: N/A Company Working: Hobré Instruments B.V. (Hobré Instruments) is engaged in designing, developing, manufacturing, marketing, and maintaining online analyzers and sampling solutions for applications in oil, gas, petrochemical, steel, power generation, metal recycling & refining, renewables, and dairy. Its online analyzers are widely used to measure the Wobbe Index, Heating Value (BTU), CARI, H2S & CO2 in gas, multiple elements in liquids, and process safety and efficiency in (spray) drying by H2O and CO2 measurement. The company offers Wobbe Index and calorimeters that are used to measure the Wobbe index and calorific value of natural gas, fuel gas, biogas, and COG/BFG. These products offer several advantages including rugged and compact design, residual oxygen content principle, quick response, insensitive to ambient temperature fluctuations, high accuracy and low noise, effective measuring range 0–100% FS, output in MJ/Nm3, MJ/Sm3 and BTU/SCF, ethernet link allows remote operation, optional specific gravity output, and optional automatic calibration.
Company Headquarters: US Founded: 1969 Workforce: N/A Company Working: COSA XENTAUR is a manufacturer of advanced instrumentation for applications in the petrochemical, energy, environmental, pharmaceutical, semiconductor, and plastic industries. It offers products for the measurement of dew point, emissions analysis, gas chromatography, ion speciation, micro coulometry, moisture, nuclear magnetic resonance, relative humidity, stack oxygen, and Wobbe-index calorimeter/BTU under five brands, namely, COSA, Hygrocontrol, Mitsubishi, Xentaur, and Yamatake. Its Wobbe Index calorimeter/BTU is insensitive to changes in ambient temperature, offers quick responses, and measures gases with BTU values down to zero. Its calorimeters offer high accuracy, fast response, large measurement range, measures low BTU gases, low maintenance, flameless/no flameouts, and measures Wobbe and CARI.
Company Headquarters: Germany Founded: 1919 Workforce: N/A Company Working: UNION Instruments GmbH (UNION Instruments) is a company that is engaged in manufacturing devices and systems for gas measurement. Its product portfolio includes calorimeter CWD (Calorimetry, Wobbe-index, and Specific Density), multi-gas analyzers INCA, pressure and temperature measuring ESS, PMS (Pressure Measuring System) leak test system, DPK pressure test Kits, taping tester UIP (Union Isolations Prüfer), and EMS (energy metering systems). Under the calorimeter CWD segment, the company offers calorimeters to determine the calorific characteristics of combustion gases such as heating and calorific value, Wobbe index, air requirement in sewage plants or the glass and ceramic industry. The company’s multi-gas analyzers INCA are used for the continuous determination of components in natural and biogases. UNION Instruments caters to several industries, including steel & iron, glass & ceramics, biogas, oil & gas, chemistry, energy, gas & water supply, and waste management. It is focused on engineering instruments that can be specially customized to suit specific user demands. The modular design of its products enables extension or modification at any time.
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Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
