Global Flue Gas Analyser Market, By Installation Type (Inline, Portable), Technology (Electrochemical, Paramagnetic, Zirconia, Infrared), Gas Component (COx, NOx, SOx), Application (Power Generation Plants, Oil and Gas, Cement Plants, Chemicals, Pulp and Paper, Metals, Waste Incineration, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
In recent years, the market is growing due to increased demand for environmental protection and stricter environmental and regulatory requirements. Apart from that, gas analyzers are being integrated with smartphones and other wireless devices to allow real-time monitoring, remote control, and data backup. They are also introducing gas analyzers that are equipped with the most up-to-date analyzing technology. Emerson Electric, for instance, has introduced hybrid analyzers for emission monitoring and gas analysis that use Quantum Cascade Laser (QCL) and Tunable Diode Laser (TDL) measurement technology.
Global Flue Gas Analyser Market was valued at USD 2,983.20 million in 2021 and is expected to reach USD 4790.77 million by 2029, registering a CAGR of 6.10% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production and sales, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to –2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Installation Type (Inline, Portable), Technology (Electrochemical, Paramagnetic, Zirconia, Infrared), Gas Component (COx, NOx, SOx), Application (Power Generation Plants, Oil and Gas, Cement Plants, Chemicals, Pulp and Paper, Metals, Waste Incineration, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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ABB (Switzerland), SICK AG(Germany), Teledyne Analytical Instruments (U.S.), Emerson (U.S.), AMETEK (U.S.), HORIBA (Japan), California Analytical Instruments, Inc., (U.S.), Environnement (France), Testo (Germany), Testo SE & Co. KGaA (U.S.), Dragerwerk (Germany), Thermo Fisher Scientific (U.S.), Teledyne FLIR LLC (U.S.)., Fluenta (Norway), Honeywell International Inc. (U.S.), Advanced Energy Industries, Inc. (U.S.), and Siemens (Germany).
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Market Opportunities
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Market Definition
The flue gas analyzer is one of the most significant devices in the CEMS system since it protects the atmosphere from poisonous and dangerous gases while also enhancing the plant's efficiency. A flue is a conduit, duct, or opening in a chimney that is used to exhaust gases from a boiler, generator, or furnace to the outdoors in an industrial plant.
Flue Gas Analyser Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Surging Environmental Concerns
Due to increased demand for environmental protection, stricter environmental and regulatory requirements, and increased health and safety concerns, the market is growing. The use of continuous emissions monitoring systems (CEMS) in industrial plants to maintain the safety of workers, the workplace, and the environment is becoming a major concern for the globe today, according to government legislation and industry associations. These CEMS devices are utilized to detect harmful and hazardous gases to preserve safety.
Furthermore, the increase in disposable income and the increase in the purchasing power among the consumers further increase the demand for the market. The rapid globalization has also increased the market growth.
Opportunities
- Government Regulations and Expanding Demand for Shale Gas
The environmental regulations implemented by various governments are estimated to generate lucrative opportunities for the market, which will further expand the flue gas analyser market's growth rate in the future. Additionally, the expanding demand for demand for shale gas production will also offer numerous growth opportunities within the market.
Restraints/Challenges
- High Costs
One of the barriers to market expansion is the high cost of flue gas analyser. The high cost of implementation for small size manufacturing plants further increases the overall cost of flue gas analyser which hinders the market growth.
- Low Awareness
Also, the low awareness in some regions further restricts the market growth. This factor is projected to pose as a challenge for the flue gas analyser market over the forecast period.
This flue gas analyser market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the flue gas analyser market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Flue Gas Analyser Market Scope
The flue gas analyser market is segmented on the basis of product, offering, installation and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Installation Type
- Inline
Type
- Single-gas analyzers
- Multi-gas analyzers
Systems
- CEMS
- PEMS
- Portable
Technology
- Electrochemical
- Paramagnetic
- Zirconia
- Infrared
Gas Component
- Cox
- NOx
- Sox
Application
- Power Generation Plants
- Oil and Gas
- Cement Plants
- Chemicals
- Pulp and Paper
- Metals
- Waste Incineration
- Others
Flue Gas Analyser Market Regional Analysis/Insights
The flue gas analyser market is analyzed and market size insights and trends are provided by country, product, offering, installation and application as referenced above.
The countries covered in the flue gas analyser market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the flue gas analyser market because of the rapid development in the thermal power plants and various related industries within the region during the forecast period of 2022 to 2029.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increasing investment in the different process industries such as chemical, pharmaceutical, food and beverages, others within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Flue Gas Analyser Market Share Analysis
The flue gas analyser market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to flue gas analyser market.
Some of the major players operating in the flue gas analyser market are
- ABB (Switzerland)
- SICK AG(Germany)
- Teledyne Analytical Instruments (U.S.)
- Emerson (U.S.)
- AMETEK (U.S.)
- HORIBA (Japan)
- California Analytical Instruments, Inc., (U.S.)
- Environnement (France)
- Testo (Germany)
- Testo SE & Co. KGaA (U.S.)
- Dragerwerk (Germany)
- Thermo Fisher Scientific (U.S.)
- Teledyne FLIR LLC (U.S.)
- Fluenta (Norway)
- Honeywell International Inc. (U.S.)
- Advanced Energy Industries, Inc. (U.S.)
- Siemens (Germany)
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