Tunable Diode Laser Analyzer Market

Tunable Diode Laser Analyzer Market

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Aamir Ansari

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Swapnil Hedau

The global tunable diode laser analyzer market size was USD 412 Mn in 2022 and is likely to reach USD 775 Mn by 2031, expanding at a CAGR of 7.3% during 2023–2031. The market growth is attributed to the rising usage of advanced tunable diode laser analyzers in various industrial processes and automation.

Tunable diode laser analyzers (TDLA) equipment is identified as gas analyzers as they are designed to accurately measure the concentration of different species of gases in a gas mixture. The process is based on the tunable diode laser absorption spectrometry (TDLAS) method.

Global Tunable Diode Laser Analyzer Market Key Takeaways

TDL analyzer instruments help in measuring highly reactive elements in a gas mixture including CO2, CO, O2, HF, HCL, NH3, and others. The novel TDL analyzer tools are getting introduced in the market by the key players that are built for speed, accuracy, and immunity to gases in the background. The advanced TDL analyzers are developed in such a way that requires low maintenance.

TDL analyzers’ advantages include the ability to measure several infrared light-absorbing gas elements in the difficult procedural operation of various industries. Also, they are capable of measuring under extreme temperatures, pressure, and complex conditions such as corrosive, high particulate service, and aggressive conditions. Most of the measurements are in-situ, interference-free, and rapid which enables the reduction of installation and maintenance costs.

The market report finds that the COVID-19 pandemic hindered the growth of the market owing to the slowdown of various industrial manufacturing and processing operations. The lockdowns across global nations affected the tunable diode laser analyzer tool demand from various key end-user industries. Furthermore, the pandemic’s severe impact on supply chains and logistics also hampered market growth.

Tunable Diode Laser Analyzer Market Dynamics

The global tunable diode laser analyzer market report has up-to-date insights that help in formulating a strategic roadmap about the estimated market scenario and performance from 2023 to 2031.

Global Tunable Diode Laser Analyzer Market Dynamics

Major Drivers 

The rising industrialization in emerging economies of the world such as China, Australia, India, and South Korea, among others is one of the major factors driving the TDL analyzer market growth. The growing need for enhancing industrial production capacity, improving processes and accuracy, and preferences for process automation is anticipated to further boost the market during the forecast period.

Various manufacturing industries across the world are focused on reducing toxic gas emissions due to rising environmental awareness and strict government regulations on industries. Global corporations are increasing their efforts toward measuring toxic gas emissions in the atmosphere, which is likely to boost market growth in the coming years.

Existing Restraints 

The budget required for extravagant design, manufacturing, and setup of TDL analyzers at production sites is high, which can be a dissuading factor for budget concerning companies from adopting it into their process. Additionally, there are other alternatives to TDLA available, including the Orsat gas analyzer, thermal conductivity gas analyzer, paramagnetic gas analyzer, and gas chromatograph, among others. The high cost and availability of cheaper alternatives to TDL analyzers are anticipated to be hindering factors for market growth.

Emerging Opportunities 

The growing requirement for process automation in various industries is likely to create substantial growth opportunities for players in the TDLA market. The manufacturers are combining tunable diode laser analyzers with artificial intelligence (AI) and quantum technologies, that enable much quicker response and continuous measurements.

The advanced TDL analyzer solutions can monitor several components at one go, eliminating the need for installing multiple sample analyzers and sample handling solutions. This is likely to aid in enhancing industrial automation, which is favorable for the growth of the market in the coming years.

Scope of the Tunable Diode Laser Analyzer Market Report

The global tunable diode laser analyzer market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Tunable Diode Laser Analyzer Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Measurement Type (Extractive and In-Situ), Gas Analyzer Type (Ammonia Analyzer, Oxygen Analyzer, COx Analyzer, CxHx Analyzer, Moisture Analyzer, Hx Analyzer, and Others), Application (Emission Monitoring, Velocity Measurement, Incineration, Natural Gas, Refinery Fuel Gas, Mass Flow Monitoring, Electric Arc Furnace, and Others), and End-user (Oil & Gas, Energy & Power, Chemical, Mining & Metal, Paper & Pulp, Fertilizers, Healthcare, Cement, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

Emerson Electric Co.; General Electric; Yokogawa Electric Corporation; METTLER TOLEDO; Sick AG; AMETEK.Inc.; Servomex; ABB; Endress+Hauser Group Services AG; Siemens; Axetris AG; Honeywell International Inc.; NEO Monitors AS; and FPI Group

 

Tunable Diode Laser Analyzer Market Segment Insights

Based on measurement type, the tunable diode laser analyzer market is bifurcated into extractive and in-situ. The in-situ segment is expected to hold a major share of the market during the projection period. The TDL analyzer is specially designed for its application in in-situ methodology based on sample size. The TDLA is directly installed in a stack or process stream or in the duct to measure various gases present in the mixture. The in-situ methodology held the largest share of the market in 2022 and is projected to grow above 7.4% compound annual growth rate during the projection period, owing to its high accuracy and low-cost benefits.

Global Tunable Diode Laser Analyzer Market Measurement Type

On the basis of gas analyzer type, the global market is segregated into Ammonia analyzer, Oxygen analyzer, COx analyzer, CxHx analyzer, Moisture analyzer, Hx analyzer, and others. The oxygen analyzer segment is projected to register a considerable CAGR during the forecast period. Oxygen analyzers are required for regular monitoring and combustion process control at various stages of the process.

The demand for oxygen analyzers is consistent with end-user process industries including chemical & pharmaceutical, oil & gas, semiconductors, metals & mining, and others. This regular requirement of O2 gas concentration analysis is expected to aid the segment growth at 6.90% CAGR during the projection period.

In terms of application, the tunable diode laser analyzer market is segmented into emission monitoring, velocity measurement, incineration, natural gas, refinery fuel gas, mass flow monitoring, electric arc furnace, and others. The natural gas segment is expected to register a robust revenue growth rate during the forecast period. The segment growth is owing to the need for high-quality natural gas output, which can be enabled by TDL analyzers. The rising dependency on natural gas storage is estimated to support the need for deploying the TDLAS technique to control the moisture content in high-volume natural gas production.

Global Tunable Diode Laser Analyzer Market Application

On the basis of end-user, the global market is segregated into oil & gas, energy & power, chemical, mining & metal, paper & pulp, fertilizers, healthcare, cement, and others. The oil & gas segment is projected to register the largest growth in CAGR during the forecast period. The rising demand for oil & gas globally coupled with increased production volume is driving the demand for TDL analyzers in the oil & gas sectors.

The TDL analyzers are beneficial in gaining process quality, and combustion control in the oil & gas industry. Along with this, it is advantageous for improving monitoring and reducing toxic gas emissions, which is likely to fuel the demand growth in the market. The oil and gas segment is projected to grow at above 23% compound annual growth rate during the forecast period.

The demand for TDLA equipment in end-user industries such as chemical, healthcare (pharmaceuticals), and mining & metal is also likely to grow at a significant rate in the coming years. The growing need for quality products, emission control, higher accuracy, and automation are some of the major factors supporting the demand growth for TDL analyzers in the aforementioned industries.

In terms of region, the global tunable diode laser analyzer market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period owing to increasing industrialization and high energy demand in the region. The major economies of the region such as India and China are going through a significant rise in industrialization due to the high population and increasing consumer demand. Along with this, the demand for power generation, oil & gas, and other energy resource is growing which is further increasing the demand for TDLA devices in various power industries of the region including coal-based power production, oil & gas, and others.

The market in North America is projected to expand at a considerable CAGR during the forecast period. The rising demand for process automation and the need for emission control are some of the major aspects giving rise to TDL analyzer demand from the end-user industries present in North America.

Global Tunable Diode Laser Analyzer Market Regions

Segments

The global tunable diode laser analyzer market has been segmented on the basis of

Measurement Type

  • Extractive
  • In-Situ

Gas Analyzer Type

  • Ammonia Analyzer
  • Oxygen Analyzer
  • COx Analyzer
  • CxHx Analyzer
  • Moisture Analyzer
  • Hx Analyzer
  • Others

Application

  • Emission Monitoring
  • Velocity Measurement
  • Incineration
  • Natural Gas
  • Refinery Fuel Gas
  • Mass Flow Monitoring
  • Electric Arc Furnace
  • Others

End-user

  • Oil & Gas
  • Energy & Power
  • Chemical
  • Mining & Metal
  • Paper & Pulp
  • Fertilizers
  • Healthcare
  • Cement
  • Others

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

The competitive landscape of the global tunable diode laser analyzer market covers key insights into growth strategies adopted by major market players.

Key players competing in the market are Emerson Electric Co.; General Electric; Yokogawa Electric Corporation; METTLER TOLEDO; Sick AG; AMETEK.Inc.; Servomex; ABB; Endress+Hauser Group Services AG; Siemens; Axetris AG; Honeywell International Inc.; NEO Monitors AS; FPI Group.

These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide.

  • On May 2, 2023, AMETEK, Inc. acquired Bison Gear & Engineering Corp., a well-known manufacturer of highly engineered motion control solutions providing diverse markets and applications. Bison’s strong engineering expertise and broad product portfolio are expected to provide expanded capabilities and solution offerings that will help to boost different players.
     
  • On March 22, 2023, GE Gas Power, part of GE Vernova and Svante declared a joint development agreement (JDA) to enhance and evaluate solid sorbent-based carbon capture technology for natural gas power generation applications. This builds on GE’s sustainability commitments and position in the energy industry, where GE technology provides nearly 30% of the world’s electricity.
     
  • On March 17, 2023, Yokogawa Electric Corporation announces the launch of a gas chromatograph AI maintenance support tool that boosts maintenance capability for the GC8000 process gas chromatograph. The software helps in detecting minor changes in measurement data that are a sign of an impending instrument failure before this can begin to have an effect on measurements.
     
  • On August 03, 2022, a prominent player in the market, Endress+Hauser Group Services AG announced a new version of its J22 tunable diode laser analyzer. The latest version will be upgraded to the initially released device in 2021. The new features continue enabling the J22 analyzer to offer best-in-class accuracy, efficient and user-friendly interface, and integrated diagnostics. The new features enhance communication from the central network location and enable easy monitoring. It can be configured and serviced remotely.

Global Tunable Diode Laser Analyzer Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tunable Diode Laser Analyzer Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Tunable Diode Laser Analyzer Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Tunable Diode Laser Analyzer Market - Supply Chain
  4.5. Global Tunable Diode Laser Analyzer Market Forecast
     4.5.1. Tunable Diode Laser Analyzer Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Tunable Diode Laser Analyzer Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Tunable Diode Laser Analyzer Market Absolute $ Opportunity
5. Global Tunable Diode Laser Analyzer Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Tunable Diode Laser Analyzer Market Size and Volume Forecast by Applications
     5.3.1. Emission Monitoring
     5.3.2. Velocity Measurement
     5.3.3. Incineration
     5.3.4. Natural Gas
     5.3.5. Refinery Fuel Gas
     5.3.6. Mass Flow Monitoring
     5.3.7. Electric Arc Furnace
     5.3.8. Others&a
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Tunable Diode Laser Analyzer Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Tunable Diode Laser Analyzer Market Size and Volume Forecast by End Users
     6.3.1. Oil & Gas
     6.3.2. Energy & Power
     6.3.3. Chemical
     6.3.4. Mining & Metal
     6.3.5. Paper & Pulp
     6.3.6. Fertilizers
     6.3.7. Healthcare
     6.3.8. Cement
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Tunable Diode Laser Analyzer Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Tunable Diode Laser Analyzer Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Tunable Diode Laser Analyzer Demand Share Forecast, 2019-2026
8. North America Tunable Diode Laser Analyzer Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Tunable Diode Laser Analyzer Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Tunable Diode Laser Analyzer Market Size and Volume Forecast by Applications
     8.4.1. Emission Monitoring
     8.4.2. Velocity Measurement
     8.4.3. Incineration
     8.4.4. Natural Gas
     8.4.5. Refinery Fuel Gas
     8.4.6. Mass Flow Monitoring
     8.4.7. Electric Arc Furnace
     8.4.8. Others&a
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Tunable Diode Laser Analyzer Market Size and Volume Forecast by End Users
     8.7.1. Oil & Gas
     8.7.2. Energy & Power
     8.7.3. Chemical
     8.7.4. Mining & Metal
     8.7.5. Paper & Pulp
     8.7.6. Fertilizers
     8.7.7. Healthcare
     8.7.8. Cement
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Tunable Diode Laser Analyzer Demand Share Forecast, 2019-2026
9. Latin America Tunable Diode Laser Analyzer Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Tunable Diode Laser Analyzer Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Tunable Diode Laser Analyzer Market Size and Volume Forecast by Applications
     9.4.1. Emission Monitoring
     9.4.2. Velocity Measurement
     9.4.3. Incineration
     9.4.4. Natural Gas
     9.4.5. Refinery Fuel Gas
     9.4.6. Mass Flow Monitoring
     9.4.7. Electric Arc Furnace
     9.4.8. Others&a
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Tunable Diode Laser Analyzer Market Size and Volume Forecast by End Users
     9.7.1. Oil & Gas
     9.7.2. Energy & Power
     9.7.3. Chemical
     9.7.4. Mining & Metal
     9.7.5. Paper & Pulp
     9.7.6. Fertilizers
     9.7.7. Healthcare
     9.7.8. Cement
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Tunable Diode Laser Analyzer Demand Share Forecast, 2019-2026
10. Europe Tunable Diode Laser Analyzer Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Tunable Diode Laser Analyzer Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Tunable Diode Laser Analyzer Market Size and Volume Forecast by Applications
     10.4.1. Emission Monitoring
     10.4.2. Velocity Measurement
     10.4.3. Incineration
     10.4.4. Natural Gas
     10.4.5. Refinery Fuel Gas
     10.4.6. Mass Flow Monitoring
     10.4.7. Electric Arc Furnace
     10.4.8. Others&a
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Tunable Diode Laser Analyzer Market Size and Volume Forecast by End Users
     10.7.1. Oil & Gas
     10.7.2. Energy & Power
     10.7.3. Chemical
     10.7.4. Mining & Metal
     10.7.5. Paper & Pulp
     10.7.6. Fertilizers
     10.7.7. Healthcare
     10.7.8. Cement
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Tunable Diode Laser Analyzer Demand Share Forecast, 2019-2026
11. Asia Pacific Tunable Diode Laser Analyzer Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Tunable Diode Laser Analyzer Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Tunable Diode Laser Analyzer Market Size and Volume Forecast by Applications
     11.4.1. Emission Monitoring
     11.4.2. Velocity Measurement
     11.4.3. Incineration
     11.4.4. Natural Gas
     11.4.5. Refinery Fuel Gas
     11.4.6. Mass Flow Monitoring
     11.4.7. Electric Arc Furnace
     11.4.8. Others&a
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Tunable Diode Laser Analyzer Market Size and Volume Forecast by End Users
     11.7.1. Oil & Gas
     11.7.2. Energy & Power
     11.7.3. Chemical
     11.7.4. Mining & Metal
     11.7.5. Paper & Pulp
     11.7.6. Fertilizers
     11.7.7. Healthcare
     11.7.8. Cement
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Tunable Diode Laser Analyzer Demand Share Forecast, 2019-2026
12. Middle East & Africa Tunable Diode Laser Analyzer Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Tunable Diode Laser Analyzer Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Tunable Diode Laser Analyzer Market Size and Volume Forecast by Applications
     12.4.1. Emission Monitoring
     12.4.2. Velocity Measurement
     12.4.3. Incineration
     12.4.4. Natural Gas
     12.4.5. Refinery Fuel Gas
     12.4.6. Mass Flow Monitoring
     12.4.7. Electric Arc Furnace
     12.4.8. Others&a
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Tunable Diode Laser Analyzer Market Size and Volume Forecast by End Users
     12.7.1. Oil & Gas
     12.7.2. Energy & Power
     12.7.3. Chemical
     12.7.4. Mining & Metal
     12.7.5. Paper & Pulp
     12.7.6. Fertilizers
     12.7.7. Healthcare
     12.7.8. Cement
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Tunable Diode Laser Analyzer Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Tunable Diode Laser Analyzer Market: Market Share Analysis
  13.2. Tunable Diode Laser Analyzer Distributors and Customers
  13.3. Tunable Diode Laser Analyzer Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Emerson Electric Co.
     13.4.2. General Electric
     13.4.3. Yokogawa Electric Corporation
     13.4.4. METTLER TOLEDO
     13.4.5. Sick AG
     13.4.6. AMETEK.Inc.
     13.4.7. Servomex
     13.4.8. ABB
     13.4.9. Endress+Hauser Group Services AG
     13.4.10. Siemens
     13.4.11. Axetris AG
     13.4.12. Honeywell International Inc.
     13.4.13. NEO Monitors AS
     13.4.14. FPI Group

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FAQ Section

Some frequently asked questions about this report!

The global tunable diode laser analyzer market size was USD 412 Mn in 2022 and is likely to reach USD 775 Mn by 2031.

The TDL analyzer market is likely to expand at a CAGR of 7.3% during the forecast period 2023–2031.

The market growth is attributed to the rising usage of advanced tunable diode laser analyzers in various industrial processes and automation projects.

For regional analysis, Asia Pacific is likely to dominate the global tunable diode laser analyzer market during the forecast period.

Some of the tunable diode laser analyzer market key players are Emerson Electric Co.; AMETEK.Inc.; General Electric; Yokogawa Electric Corporation; METTLER TOLEDO; Sick AG; and Servomex.