The Flue Gas Analyzer Market is expected to be valued at USD 814.2 million by 2023, growing at a CAGR of 5.93% between 2017 and 2023. A Flue Gas Analyzer is an analytical device that measures the concentration of emitted gas from flue or stack in the industrial process. It plays an important part of emission monitoring systems. The flue gas analyzer can be used in small furnaces and industrial applications. The market for flue gas analyzers has been classified on the basis of installation type, gas components, application, and geographic regions. The inline flue gas analyzers are expected to be the fastest-growing installation type during 2017–2023.
The market for NOx gas components is expected to grow at the highest CAGR between 2017 and 2023. In most countries, many types of plants such as cement, oil & gas, chemical, and power generation stations emit tons of harmful gases. The flue gas analyzer market is growing because of the stringent legal and environmental regulations set by governments all over the world. To comply with legal regulations related to the emission of pollutants, industrial plants are equipped with flue gas analyzers and flue gas cleaning systems such as gas scrubbers and dust filters. The increasing concerns for the reduction of hazardous gas emissions and protect the environment have resulted in the growing demand for emission monitoring systems such as flue gas analyzers.

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Most manufacturers prefer inline flue gas analyzers as they can be used for continuous emission monitoring of flue gases. Inline flue gas analyzers are installed for applications in hazardous environments owing to their feature of weatherproof and explosion-proof enclosures. Single-gas analyzers are commonly used in cement, lime, ceramic kilns; utility boilers; blast furnace ovens; refinery process heaters and furnaces; among many others.

Flue gases refer to stack exhaust gases in any industrial process; for instance, in power plants, cement, refineries. Its composition depends on the types of fuels and the combustion air volume. 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. Flue gas analyzer market for NOx gases is expected to grow at the highest CAGR during the forecast period.

The waste incineration application is expected to be the fastest-growing market for flue gas analyzers during the forecast period. Monitoring incineration emissions is a challenge as a large number of gaseous components need to be measured with high accuracy. Therefore, the demand for flue gas analyzers is expected to continue to remain high for monitoring emissions in incineration plants.
APAC is expected to be the fastest-growing market for flue gas analyzers during the forecast period. This growth is attributed to the rapidly increasing industrialization and urbanization in this region. Further, stringent air pollution regulations and growth in power generation plants in countries such as China and India are the key factors responsible for the increasing adoption of flue gas analyzers in this region.
Source : https://www.marketsandmarkets.com/Market-Reports/flue-gas-analyzer-market-19875626.html