Flue Gas Analyzer Market to Reach CAGR of 5.93% – Forecast 2023

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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 research methodology used to estimate and forecast the flue gas analyzer market begins with capturing data on key vendor revenues through secondary research, such as IEEE publication, industrial automation conferences and exhibitions, and leading players’ newsletters. Vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments that have been verified through primary research by conducting extensive interviews with people holding key positions such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

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“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.

Target Audience of the Report:

  • Supplier of gas analyzers
  • Supplier and system integrators of emission monitoring systems
  • Associations, organizations, forums, and alliances related to environment protection
  • Component manufacturers
  • Distributors and traders
  • Original equipment manufacturers
  • Process industries such as oil & gas, power generation, and chemicals
  • Research organizations and consulting companies
  • Technology investors
  • Technology solution providers

ABB (Switzerland) is a pioneering technology leader that serves customers in utilities, industry, transport, and infrastructure globally. ABB is a customer-focused leading company in the industrial technology. The company is at the forefront of innovating digitally connected industrial equipment and systems. ABB received orders worth USD 33.4 billion in 2016. Strong brand of the company has a considerable positive impact on the flue gas analyzer market. 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.

 

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