Despite an unusually mild winter in 2023/24, several cold snap events in the Northern Hemisphere led to a surge in gas demand, highlighting the importance of gas supply flexibility for energy security. The report notes that in Asia and Europe, natural gas spot prices have fallen back to pre-crisis levels, while Henry Hub prices in the US have fallen to multi-year lows. These price movements reflect improved supply fundamentals and relatively stable climate conditions.

The global oxygen analyzer market is reportedly valued at USD 842.3 million in 2023 and is expected to grow at a CAGR of over 9.3% over the next few years. Key players in the market include Advanced Micro Instruments, Inc., Nova Analytical Systems, ABB, Emerson Electric Co., etc., which are employing strategies such as mergers and acquisitions, partnerships, and product launches to consolidate their market share.