India Fixed Gas Analyzers Market Size and Forecast, Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type and Industry Vertical

The India fixed gas analyzers market was valued at US$ 115.48 million in 2022 and is projected to reach US$ 178.23 million by 2030; it is expected to register a CAGR of 5.6% from 2022 to 2030. The fixed gas analyzers market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases.

The India fixed gas analyzers market report emphasizes the key factors driving the market and prominent players' developments. According to the Insight Partner’s fixed gas analyzers market analysis, the rise in FDI in various industries and growth in oil & gas sector are among the factors contributing to the market growth. Foreign direct investment (FDI) is a key contributor to the economic growth in India. According to the World Investment Report 2023, India held the record for third-highest FDI during 2021-2022. Further, the total FDI inflows obtained between April 2014 and June 2023 accounted for US$ 614.02 billion. Foreign organizations invest in Indian industries to profit from the country's investment benefits, which include tax breaks and comparatively lower salaries. These benefits help various industries in India incorporate advanced technologies into their respective operations. The government's supportive policy framework, suitable business climate, rise in global competitiveness, and economic growth are the factors attracting the FDI inflows in India.

A few of the instances related to FDI in India are mentioned below:

• In September 2023, the Union Minister of State of Chemicals & Fertilizers announced that India achieved FDI growth of 91% during the financial year 2022-2023 compared to the previous financial year. This growth shows the immense potential of the chemical & petrochemical industry in terms of development, investment, and employment.

• In August 2022, the Ministry of Food Processing Industries stated that 100% of FDI will be permitted after following the automatic route in the food processing sector. The government's liberal and transparent policy attracts FDI via an automatic route. Also, 100% FDI under the government approval route in the food processing sector is allowed for retail trading, including through e-commerce, with respect to food products manufactured and produced in India.

• As per the India Brand Equity Foundation, In July 2021, the Department for Promotion of Industry and Internal Trade (DPIIT) approved an order that allows 100% FDI under automatic route for oil & gas public sector undertakings (PSU). The government also allowed 100% FDI in upstream and refining projects in the private sector.

Foreign direct investments in oil & gas, food processing, chemicals, and other industries can help the respective industries proliferate. Local production, research and development activities, and incorporation of advanced technologies are supported by these investments. In these industries, fixed gas analyzers are used to detect an abnormal or dangerous presence of gas in specific areas. Hence, the rise in foreign direct investment in the above-mentioned industries fuels the India fixed gas analyzers market growth.

The “fixed gas analyzers market analysis” has been carried out by considering the following segments: product type and industry vertical. Based on product type, the market is segmented into oxygenates GC analyzers, natural gas analyzers, refinery gas analyzers, and others. Based on industry vertical, the India fixed gas analyzers market is segmented into oil & gas, chemicals & petrochemicals, energy, food & beverages, and others.

Thermo Fisher Scientific Inc, Agilent Technologies Inc, Revvity Inc, M Automation, Mukta Instruments, HNL Systems Pvt Ltd, and Teledyne Technologies Inc are among the prominent players profiled in the fixed gas analyzers market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The report provides detailed market insights, which help the key players strategize their growth.

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