Flue Gas Analyzer Market Set to Surge Significantly During 2021
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Generally, a flue is pipe, duct or opening of chimney which are used to exhaust gases to outdoors from boiler, generator of furnaces installed in manufacturing facility. Flue gas analyzer is a device that detects and monitors the composition of exhausting gases from furnaces or boilers and help to determine the proper ratio of air and fuel. Flue gas analyzer directly measures and displays flue gas, temperatures and differential pressure.
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.
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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