The flue gas analyzer market is projected to grow at a CAGR of 6.52% to reach US$841.162 million by 2024, from US$575.731 million in 2018.
The focus of the global economy to optimally consume energy and reduce the emission of pollutants is significantly driving the flue gas analyzer market as it enables optimal combustion. Simultaneously, the reduction in the combustion level allows the manufacturers to generate higher margins by making significant savings on fuel cost, which is further supplementing the growth of the flue gas analyzer market. Moreover, the growing number of energy and oil projects is anticipated to lead to the growth of the market during the forecast period.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the flue gas analyzer value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the flue gas analyzer market.
Major industry players profiled as part of the report are Emerson Electric Co., ABB, Testo SE & Co. KGaA, and Ametek, Inc. among others.
|Market size value in 2018||US$575.731 million|
|Market size value in 2024||US$841.162 million|
|Growth Rate||CAGR of 6.52% from 2018 to 2024|
|Forecast Unit (Value)||USD Million|
|Segments covered||Type, Technology, Industry Vertical, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Emerson Electric Co., ABB, Ametek, Inc., Testo SE & Co. KGaA, Kane International Limited, Teledyne Technologies Incorporated, Drägerwerk AG & Co. KGaA, OPSIS AB, Tenova Goodfellow, Inc., Wöhler Technik GmbH|
|Customization scope||Free report customization with purchase|
The flue gas analyzer market has been analyzed through following segments:
By Industry Vertical
Energy & Power
Oil & Gas
Middle East and Africa
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