Lucrative Opportunities in Flue Gas Analyzer Market Opportunities | Flue Gas Analyzer Market

The flue gas analyzer market is estimated to be worth USD 576.2 Million in 2017 and is expected to reach USD 814.2 Million by 2023, at a CAGR of 5.93% between 2017 and 2023. The growth of this market is propelled by the rise in the demand for environmental protection, stringent environmental and legal regulations, and increase in health and safety concerns.

Browse 63 market data tables, 44 figures spread through 120 pages and in-depth TOC on “Flue Gas Analyzer Market - Global Forecast to 2023”
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The market for inline flue gas analyzers is expected to grow at a higher CAGR than that of portable flue gas analyzers during 2017–2023. Most manufacturers prefer inline flue gas analyzers as they can be used for continuous emission monitoring of flue gases. Flue gas analyzers offer accuracy and reliability during long-term measurements. Inline flue gas analyzers are installed for applications in hazardous environments owing to their feature of weatherproof and explosion-proof enclosures. Hence, various industries have widely accepted inline flue gas analyzers and amassed huge installation base worldwide.

The market for the waste incineration application is expected to grow at the highest CAGR during the forecast period. Monitoring incineration emissions is a challenge as a large number of gaseous components need to be measured with high accuracy. Therefore, the demand for flue gas analyzers is expected to continue to remain high for monitoring emissions in incineration plants.

One of the key restraining factors for the flue gas analyzer market growth is the high cost of flue gas analyzers. Industrial facilities need sophisticated emission monitoring equipment to remain operational even in harsh environmental conditions, such as high gas temperature and high dust conditions. Flue gas analyzers need to provide highly accurate measurements. To obtain this high reliability and accuracy, manufacturers must regularly maintain their systems to keep them operational at all times. Flue gas analyzers are expensive. Since these products used in emission monitoring systems, they need to be certified by respective authorities and also adhere certain compliance based on the emission regulations of a country where they are intended to use. Hence, the overall cost of ownership of these analyzers is high, which is restraining the market growth.

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