Flue Gas Analyzer Market Intelligence with Competitive Landscape 2021
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The global flue gas analyzer market is increasing rapidly due to its increasing usage across various industries such as automobiles, chemical and food. Some of the major factor identified are rapid industrialization, stringent government laws and industry standards towards environmental protection. However high cost of implementation for small size manufacturing plants and low awareness in some regions can pose a major challenge towards the growth of the global flue gas analyzer market to some extent. Some of the major trends identified in the global flue gas analyzer market are use of internet of everything (IoT) and artificial neural network technology.
Global Flue Gas Analyzer market is segmented on the basis of geography, product type and by end-user industry. The product type segment of the global flue gas analyzer market includes;
On the other hand end-use industry segment is further segmented into following categories;
Oil & Gas
The global flue gas analyzer market is expected to grow at significant rate over the forecast period from 2015 to 2025. Emerging economies such as India and China are forecast to surge the demand for flue gas analyzer market due to increasing number of new manufacturing facilities and expansion of existing capacity of manufacturing plants. Among the product type segment, fixed type flue gas analyzer segment dominated the global flue gas analyzer market in 2014, while portable type flue gas analyzer is forecast to expand at higher CAGR over the forecast period.
The global flue gas analyzer market is geographically segmented into seven key regions which are, North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. As of 2014, North America dominated the global flue gas analyzer market followed by Asia and Europe. On the other hand BRIC countries are expected to grow at higher CAGR when compared to other countries in their respective regions. Also, in terms of growth rate Asia Pacific is anticipated to play major role in growth of global flue gas analyzer market.
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