Flue Gas Analyzer Market Upcoming Industry Trends – Global Forecast to 2023

[120 Pages Report] A flue gas analyzer is an analytical device that measures the concentration of emitted gas from flue or stack in the industrial process. It plays an important part of emission monitoring systems. 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.
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.
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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.
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.
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