Flue Gas Analyzer Market Forecasts to 2028 – Global Analysis By Installation (Portable, Inline and Other Installations), Gas Component (Sox, Cox, NOx and Other Gas Components), Application (Power Generation, Chemicals, Oil & Gas, Pulp, Cement Plants, Pape

Flue Gas Analyzer Market Forecasts to 2028 – Global Analysis By Installation (Portable, Inline and Other Installations), Gas Component (Sox, Cox, NOx and Other Gas Components), Application (Power Generation, Chemicals, Oil & Gas, Pulp, Cement Plants, Paper Waste Incineration and Other Applications) and By Geography

According to Stratistics MRC, the Global Flue Gas Analyzer Market is accounted for $3224.83 million in 2022 and is expected to reach $5145.91 million by 2028 growing at a CAGR of 8.1% during the forecast period. Flue Gas Analyzers are the portable devices used for measuring the air quality. They help to measure the concentration of different gases such as carbon dioxide and carbon monoxide deriving the maximum combustion. They help to diagnose the waste gases efficiently and analyze gases emitted from residential and commercial properties. They provide information such as data logging and ambient air monitoring. It protects the atmosphere from poisonous and dangerous gases while also enhancing the plant's efficiency.

According to the CIA World Fact book, China’s industrial production value of Flue Gas Analyzers was only 62% of the U.S which increased to 120% that was USD 3.7 trillion.

Market Dynamics:

Driver:

Surging Environmental Concerns

The flue gas analysers are introduced due to increased demand for environmental protection, stricter environmental and regulatory requirements and increased health and safety concerns. They help to diagnose the waste gases, reduce emissions and optimizes thermal processes. The increase in disposable income and the raise in the purchasing power among the consumers and rapid globalization are fuelling the growth of the market.

Restraint:

Poor stability

The stability of the flue gas analyzers is comparatively very poor as the selectivity of each sensor is not accurate and the output parameters cannot be determined. They are very sensitive to heat release. They should always ensure the flue integrity. Insufficient fuel source and battery power affects its functions. The complex structure, bad operating environment and large vibration are hampering the demand of market.

Opportunity:

Rapid industrialization

Industrial segments mostly use the flue gas analyzers in their applications and tiny furnaces. They enable to measure the concentrations of various gases and adjust burners on a boiler to help achieve optimal combustion. It helps to enhance combustion efficiency in industries. The aspects such as decreasing pollution, reducing emissions, efficiency and rapid usage are anticipated to have a lucrative growth in the market.

Threat:

Low awareness

Many people are not aware about the flue gas analyzers. Consumers have a threat on whether the analyzers could accurately measure or not. The usage of the analyzer needs better understanding to measure the results from testing appliances. Analyser extracts combustion gases that may be toxic in relatively low which is not aware by many consumers. Less knowledge on the appliance and ratio calculation are hindering the market demand.

Covid-19 Impact

The spread of COVID-19 largely impacted the global business operations, disrupting the supply chain and impairing various industries. The impose of lockdown and strict social norms shown drastic impact on the economy. Flue gas analyzer market also got affected by the pandemic as the industrial sector was totally shutdown during lockdown. The reopening of trade activities, the market retained its position and witnessing steady growth.

The inline segment is expected to be the largest during the forecast period

The inline segment is estimated to have a lucrative growth, due to installation, technology and application. During long term measurements, these analyzers give precision and reliability. They have an enormous installation base. They track emissions in incineration plants. Their weather proof and explosion proof enclosures made the demand of the flue gas analyzers witness a lucrative growth.

The NOx gas segment is expected to have the highest CAGR during the forecast period

The Nox gas segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its strong oxidization. It includes sensor technologies based on chemi luminescence and electrochemical techniques. It is ideal for flue gas monitoring in waste incinerators, boilers and furnaces. Its ability to not react at ambient temperature and measurement of light intensity are fuelling the market demand.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to its better and enhanced industrialization. Growing demand for industrial sector and environmental regulations are influencing the analyzers market. Increase in health and safety concerns are growing the manufacturing of these analyzers in this region which is fuelling the growth of the market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to increasing number of factories and air pollution. This region provides less stringent wages and many companies are increasing investments. Air pollution is very high in this region. Due to rise in the demand for air pollution regulations, the flue gas analyzers manufacturing is raising and propelling the market growth.

Key players in the market

Some of the key players profiled in the Flue Gas Analyzer Market include Teledyne FLIR LLC, California Analytical Instruments Inc, ABB, Teledyne Analytical Instruments, SICK AG, AMETEK, SEITRON, Dragerwerk, Thermo Fisher Scientific, Environnement, Honeywell International Inc, Fluenta, HORIBA, Advanced Energy Industries Inc, Siemens, Testo SE & Co, Beijing SDL Technology, MRU GMBH, Wuhan Tianhong Instruments, Endee Engineers

Key Developments:

In July 2022, SEITRON introduces the new novo combustion analyzer. It is designed to make combustion analysis quick and intuitive. It features 7’’ touch display for easy menu navigation, draught measurement, integrated water trap with LED backlight for easy maintenance and new dual range sensor technology.

In March 2022, HORIBA Launches Hydrogen Gas Analyzer HyEVO. HyEVO can measure hydrogen with exceptional accuracy and resolution even in gases that contain high water content without the need of removing the water. It is ideal for applications such as hydrogen engines and fuel cells.

Installations Covered:
• Portable
• Inline
• Other Installations

Components Covered:
• Sox
• COx
• NOx
• Other Gas Components

Applications Covered:
• Power Generation
• Chemicals
• Oil & Gas
• Pulp
• Cement Plants
• Paper Waste Incineration
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements