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Fuel Analyzer Market

Market Insights on Fuel Analyzer covering sales outlook, demand forecast & up-to-date key trends

Fuel Analyzer Market By Product Type (Automatic Fuel Recognition, Handheld, Portable, Benchtop), Application (Fuel Test in Engine Service, Jet Fuel Analysis, Fuel Quality Testing, Gas-Station Inspection), End Use (Petroleum Regulatory Authorities, Oil & Gas Industry) & Region - Forecast 2022-2032

Fuel Analyzer Market Overview

The global fuel analyzer market is estimated to surpass a valuation US$ 850 Mn by the end of 2032. The sales of fuel analyzers are expected to top US$ 560 Mn by 2022, exhibit growth at a CAGR of 4% to 5% during the forecast period 2022-2032. Growing government emphasis on controlling and declining greenhouse gas emissions and surging demand for high-quality petroleum products is anticipated to favor the demand for fuel analyzers in the global market.

Report Attribute

Details

Fuel Analyzer Market Base Year Value (2021)

US$ 555 Million

Fuel Analyzer Market Expected Value (2022)

US$ 560 Million

Fuel Analyzer Market Anticipated Value (2032)

US$ 850 Million

Fuel Analyzer Market Projected Growth Rate (2022-2032)

4% to 5% CAGR

Fuel analysis is the process of testing and examining the fuel quality by measuring various parameters such as flash point, octane number, additive strength, cetane number, chemical composition, and others. This process plays a vital role in providing data essential to secure environment and regulatory compliance as well as to ensure the consistency of fuel quality and performance.

Fuel analyzers are equipments used to perform these processes for testing the quality of the fuel and identification of any adulterations. These equipments are garnering huge popularity across industries such as oil & gas, petrochemical, aviation, and others, owing to their favorable attributes such as ability to gauge over 100 fuel parameters, provide quick results, details regarding adulterations, and others.

Driven by this, fuel analyzers are extensively being used to assess and measure gasoline, jet fuel, ethanol in gasoline, diesel, blending stream, ethanol purity, and fuel lubricity among others. This is projected to augment the demand for fuel analyzers in the global market.

Which are Some Prominent Drivers Spearheading Fuel Analyzer Market Growth?

Fuel analyzers are finding a wide range of applications across diverse industries such as gas-station inspection, fuel quality testing, jet fuel analysis, fuel test in engine service, and others.

Growing usage of petroleum derivatives and high octane fuels such as gasoline, jet fuel, diesel, and others across the automotive and industrial sectors is significantly increasing the concentration of greenhouse gases including carbon dioxide in the environment. According to a report by the Environmental Protection Agency (EPA), every year, a typical automobile emits approximately 4.6 metric tons of carbon dioxide into the atmosphere.

Thus, governments worldwide are increasingly emphasizing on implementing new regulations and standards regarding fuel quality to decline air pollution and encourage industry players to increase the production of ultra-low sulfur diesel (ULSD).

For instance, according to the American Petroleum Institute, the EPA announced issuing new regulations and standards mandating petroleum industry players to reduce the amount of sulfur in diesel to 15 parts per million (ppm) across the U.S. for declining greenhouse gas emission. As fuel analyzers are extensively used by petroleum manufacturers and regulatory authorities for assessing the quality and measuring the sulfur quantity in fuel, implementation of such novel standards are projected to create new growth avenues for the fuel analyzer market.

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What are the Challenges Faced by the Fuel Analyzer Market?

With surging trend of electrification, growing fuel prices, and rising concerns pertaining to environmental sustainability, a rapid shift in customer preference towards adoption of electricity-based technologies such as electric vehicles, industrial equipments, and others is being witnessed. This is hindering the demand for petroleum products, which is in turn, restraining the sales of fuel analyzers in the market.

Also, high cost of fuel analyzers and need to keep a track of frequently changing fuel quality standards as per respective country is further hampering the growth in the market.

Why is North America Emerging as an Opportunistic Fuel Analyzer Market?

As per Future Market Insights, North America is estimated to account for the dominant share in the global fuel analyzer market between 2022 and 2032.

Due to growing concerns regarding growing carbon emissions, environmental authorities are increasingly implementing novel fuel regulations and standards across the countries such as the U.S. and Canada, fueling the demand for quality assessment equipments.

Hence, key players in the market are aiming at launching novel products to cater to this trend. For instance, in 2018, Phase Technologies, a Canadian manufacturer of testing instruments announced introducing its first 4-in-1 diesel fuel analyzer, DFA-70Xi, which can test density, viscosity, pour point, and cloud of diesel. A multiplicity of such new products launches are projected to spur the sales of fuel analyzers in the North America market.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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How is Asia Pacific Excluding Japan Contributing to the Growth of the Fuel Analyzer Market?

FMI states that Asia Pacific excluding Japan is expected to project rapid growth in the global fuel analyzer market during the forecast period 2022-2032.

A significant rise in sales of automotive vehicles such as passenger cars, commercial vehicles is being registered across Asia Pacific, resulting in augmenting the demand for automotive fuels. According to the India Brand Equity Foundation, nearly 21.55 million units of automobiles were sold across India in the year 2020.  

This accelerating sales of automobiles is boosting the demand for automotive fuels such as diesel, gasoline, and others. As fuel analyzers are used in diverse applications during the production of petroleum products as well as gas stations, this is estimated to bolster the growth in the Asia Pacific excluding Japan market.

Market Competition

Some of the leading players in the fuel analyzer market are Eralytics GmbH, Koehler Instruments Company Inc., Delphi Automotive PLC., XOS, Phase Technologies, and PAC L.P. among others.

Leading participant are aiming at innovation in fuel analyzing technologies and expanding their production capacity to gain edge in the highly competitive market.

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Scope of Report

Report Attribute

Details

Growth Rate in Automotive Sector

CAGR of 4% to 5% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Product Type
  • Application
  • End Use
  • Region

Countries Covered

  • North America
  • Latin America
  • Europe
  • CIS & Russia
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East and Africa

Key Companies Profiled

  • Eralytics GmbH
  • Koehler Instruments Company Inc.
  • Delphi Automotive PLC.
  • XOS
  • Phase Technologies
  • PAC L.P.

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Key Segments Profiled in the Fuel Analyzer Market Survey

By Product Type:

  • Automatic Fuel Recognition
  • Handheld, Portable
  • Benchtop

By Application:

  • Fuel Test in Engine Service
  • Jet Fuel Analysis
  • Fuel Quality Testing
  • Gas-Station Inspection

By End Use:

  • Petroleum Regulatory Authorities
  • Oil & Gas Industry
  • Marine Industry
  • Aviation Industry
  • Biodiesel
  • Environmental Authorities
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • CIS & Russia
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East and Africa

Frequently Asked Questions

FMI projects the sales of fuel analyzer in the market is expected to rise at 4% to 5% value CAGR by 2032.

The global fuel analyzer market is expected to be dominated by North America over the forecast period 2022-2032.

Eralytics GmbH, Koehler Instruments Company Inc., Delphi Automotive PLC., XOS, Phase Technologies, and PAC L.P., and others some of the leading players in the prominent fuel analyzer market.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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