The Global Flue Gas Analyzer Market size was 756.21 million USD in 2022, it is expected to grow at a CAGR of 6.51% and is expected to reach a valuation of 1252.46 million USD by 2028.
The increased demand for smart homes is expected to expand the use of these devices throughout the world. As a result, demand for flue gas analyzers is expected to rise in the future years. Additionally, flue gas analyzers can give data recording and ambient air monitoring information. The flue gas analyzer may be utilized in a variety of industrial and small furnace applications. The growth in government laws and regulations for environmental safety, fast industrialization, and rising health and safety concerns among the health-conscious population are the primary drivers driving the global flue gas analyzers market demand. The increased demand for smart homes is expected to drive up the use of these items all over the world. Flue gas analyzer demand is expected to rise in the future years as a result of this. Flue gas analyzers can also enable data logging and monitoring of the ambient air. The flue gas analyzer is suitable for a variety of industrial applications as well as small furnaces. The growth in government laws and regulations for environmental safety, fast industrialization, and an increase in health and safety concerns among the health-conscious population are the primary drivers driving the global flue gas analyzers market.
REPORT METRIC |
DETAILS |
Market Size Available |
2022 – 2028 |
Base Year |
2022 |
Forecast Period |
2023 - 2028 |
CAGR |
xx% |
Segments Covered |
By Installation Type, Gas Component, Application, and Region. |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Imr Environmental Equipment, Inc., Robert Bosch GmbH, Kane International Limited., Testo AG, Siemens, Endee-Engineers, Wuhan Tianhong Instruments, MRU GmbH, Beijing SDL Technology, and Teledyne Technologies and Others. |
In today's society, environmental preservation is a major problem. To ensure the safety of employees, the workforce, and the community, policy rules and industry organizations encourage the use of continuous emission monitoring systems (CEMS) in industrial plants. A portable gas analyzer plays an important role in the CEMS programme in protecting the environment from toxic and damaging pollutants. As a result, the plant's efficiency improves, moving the market forward.
The high cost of implementation for small-scale manufacturing units, as well as a lack of awareness in some regions, may offer a severe obstacle to the global flue gas analyzer market's progress. The use of the web of things (IoT) and artificial neural network technology are two of the most prominent developments in the global flue gas analyzer market.
During the projection period 2022-2027, the APAC region is expected to have considerable market expansion. Portable gas analyzers are becoming more popular in this region as a result of their benefits, which include process management, greater protection, higher productivity, and uniformity. The rising need for low-cost, high-precision goods in emerging markets such as India, Malaysia, and others is expected to stimulate corporate growth. China, for example, aspires to be the world leader in pollution reduction and has made selective catalytic reduction (SCR) an obligatory post-combustion NOx control technique for all big power plants. Furthermore, additional limitations imposed by nations such as China, Japan, and South Korea enabled corporations to invest in modern gas analyzers. End-user firms are also expected to invest in environmental protection technology. ABB introduced Micro-portable Greenhouse Gas Analyzers (M-GGA-918 and M-GPC-918) in May 2017. This solution provides simultaneous methane and carbon dioxide fugitive emissions measurements in a 5.4kg handbag-size box that is compact and crushproof. This enables leak detection at considerably wider distances and with much higher reliability. These types of product releases have a favorable influence on market growth.
Equipment is upgraded in tandem with technological improvements. As a result, the cost element has an impact on market growth. High implementation costs for small-scale manufacturing operations, as well as a lack of awareness in some areas, might stymie the expansion of the portable gas analyzer market.
The market for online flue gas analyzers is required to develop at a higher CAGR than that of portable pipe gas analyzers in 2017-2023. Online flue gas analyzers are preferred by most manufacturers because they can be used for continuous monitoring of flue gas emissions. Flue gas analyzers offer long-term measurement accuracy and reliability. In-line flue gas analyzers are installed for applications in hazardous environments due to their characteristic of weather- and explosion-resistant housings. Therefore, online flue gas analyzers have been widely accepted by various industries and have accumulated a huge base of installations around the world.
The waste incineration applications market is expected to grow at the highest CAGR during the forecast period. Monitoring emissions from incineration is challenging because a large number of gaseous components must be measured with great precision. Therefore, the demand for flue gas analyzers is expected to remain high to monitor emissions at incineration plants.
Asia-Pacific had the largest market share in the global market for flue gas analyzers. Furthermore, the growing demand for flue gas analyzers in different applications, such as the development of power generation and transmission plants energy and the rapid growth of urbanization and industrialization in different parts of the Asia-Pacific region is the main factor in dominating this region. Asia-Pacific is the fastest growing and most attractive market for flue gas analyzers, as suppliers are constantly expanding their businesses in various Asia-Pacific regions.
COVID 19 is a deadly disease that distracted the economy in various ways. The flue gas analyzer market has decreased growth rate in 2020, where the shares started to rise rapidly once the government uplifted the lockdown guidelines in respective countries. Emergence of online trade has helped the market shares to sustain dramatically. The flue gas analyzer market shares are expected to grow at double the rate in the forecast period 2022 - 2027. Factors like government regulations in favor to the key players enhanced the growth rate of the market during the pandemic.
Key Players in the Market:
Major Key Players in the Global Flue Gas Analyzer Market are
Frequently Asked Questions
By 2028, it is predicted that the global Flue Gas Analyzer market can reach a valuation of US$ 1252.46 million.
The Global Flue Gas Analyzer market can expand with a CAGR of 6.51% during the forecast period.
Imr Environmental Equipment, Inc., Robert Bosch GmbH, Kane International Limited., Testo AG, Siemens, Endee-Engineers, Wuhan Tianhong Instruments, MRU GmbH, Beijing SDL Technology, and Teledyne Technologies and Others.
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