Flue Gas Analyzer Market worth 814.2 M USD by 2023

Monday 18 December 2017, Amsterdam

The report, now available on ASDReports, "Flue Gas Analyzer Market by Installation Type (Inline, Portable), Technology (Electrochemical, Paramagnetic, Zirconia, Infrared), Gas Component (COx, NOx, SOx), Application (Oil & Gas, Waste Incineration), and Geography - Global Forecast to 2023", The flue gas analyzer market is estimated to grow from USD 576.2 Million in 2017 to USD 814.2 Million by 2023, at a CAGR of 5.93% between 2017 and 2023. The key driving factors for the growth of the flue gas analyzer market is the rise in the demand for environmental protection, stringent environmental and legal regulations, and increase in health and safety concerns.

“Market for inline flue gas analyzers is expected to hold a larger market share, in terms of value, than portable flue gas analyzers during 2017–2023”
In general, inline flue gas analyzers are used to monitor and analyze flue gases constantly. Flue gas analyzers offer accuracy and reliability during long-term measurements. Inline flue gas analyzers are installed for applications in hazardous environment owing to their feature of weatherproof and explosion-proof enclosures. Most manufacturers prefer inline flue gas analyzers as they can be used for continuous emission monitoring of flue gases.

“Market for NOx gas components is expected to grow at the highest CAGR between 2017 and 2023 owing to emission of NOx gases during combustion process”
Oxides of nitrogen, such as nitric oxide and nitrogen dioxide, are usually formed when nitrogen of the fuel, usually at high temperatures, reacts to a certain amount of oxygen during the combustion process. Both oxides are toxic. NOx gases are formed as combustion occurs in the presence of nitrogen in fossil fuel engines. NOx emission is increasing due to the increase in combustion of fossil fuels.

“APAC is expected to drive the growth of the flue gas analyzer market between 2017 and 2023”
The market growth in the APAC region is attributed to the rapidly increasing industrialization and urbanization in this region. Further, stringent air pollution regulations and growth in power generation plants in countries such as China and India are the key factors responsible for the increasing adoption of flue gas analyzers in this region.

ABB (Switzerland), SICK (Germany), Teledyne Analytical Instruments (US), Emerson (US), AMETEK (US), HORIBA (Japan), California Analytical Instruments (US), Environnement (France), Testo (Germany), Nova Analytical Systems (US), Dragerwerk (Germany), Thermo Fisher Scientific (US), and Siemens (Germany) are some major companies in this market