Rising usage of flue gas analyzers in various industries to boost the market growth.
The Global Flue Gas Analyzer market accounted for USD 756.21 Million in 2020.
A flue gas analyzer is a device that measures the concentration of emitted gas from the flue in industrial processes. A flue gas analyzer enables the measurement of concentrations of several gases and adjusts the burners on a boiler to help in achieving optimal combustion. Flue gas analyzer plays an important role in emission monitoring systems and is also used in small furnaces as well as in industrial applications. Flue gas analyzer measures and displays flue gas, differential pressure, and temperatures.
The global flue gas analyzer market is growing due to its increasing usage in several industries such as chemical, automobiles, and food. Rapid industrialization coupled with strict government laws for environmental protection as well as industry standards towards the environmental concerns are factors fueling Flue Gas Analyzer market growth. On the contrary, the high cost involved in the implementation for small-size manufacturing plants coupled with a lack of awareness in several regions is anticipated to pull down the flue gas analyzer market.
Moreover, the COVID-19 pandemic has affected almost all industries all over the globe. The flue gas analyzers have an adverse impact on the pandemic driven by complete disruption in industrial and commercial activities all over the globe. However, the economies are growing and recovering the losses. The Major Players in the market are focusing on strategic development for higher market gains.
The government regulations and initiatives for environmental safety and the rise in concerns of environmental protection coupled with rapid industrialization are factors fueling the market growth.
North America is expected to expand the market for the fastest growth during the forecast period. The acceptance of new and more advanced technology by use in the countries is high in the region. In addition, the use of metaverse for the purpose of commercialization and an increasing number of startups are driving the market growth in the North American region.
Some of the key players in the Flue Gas Analyzer Market are Robert Bosch Gmbh, IMR Environmental Equipment, Inc, Siemens, Testo Ag, Teledyne Technologies, Endee-Engineers, Kane International Limited, Mru Gmbh, Wuhan Tianhong Instruments, Beijing Sdl Technology, among others.