Combustion Analyzers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Combustion Analyzers Market – Introduction
Combustion analyzers, also popular as flue gas analyzers, are increasingly finding their applications for measuring and offering accurate results by leveraging advanced sensor technology. Crucial parameters that influence the combustion process can be quantified by employing combustion analyzers in residential, industrial, and commercial spaces. These devices boast their efficiency in measuring oxygen, carbon dioxide, nitrogen oxides, sulfur oxides, carbon monoxide, and even flue gas temperatures.
Precise calculation regarding the combustion efficiency can be derived by assessing the amount of carbon dioxide, losses, and air, which has been positioning them as useful equipment for industrial applications in the oil and gas industry. Manufacturers operating in the chemical, energy and power, metals, mining, textile, and petrochemical industries have been adopting combustion analyzers at a rapid pace to monitor the emission of gases from furnace, boilers, ducts, and pipes.
Incorporation of these devices aids the working of furnace units at optimum efficiency, which increases the profit margins of manufacturers and benefitting the combustion analyzers market in particular. However, additional efforts including the recurrent calibration of these analyzers to obtain a precise reading are causing a reluctance for their adoption among the end-users, which is likely to hinder the steady growth of the combustion analyzers market.
Combustion Analyzers Market – Notable Developments
Found in 1889, Dragerwerk AG is located in Lubeck, Germany. The company enjoys a leading position for its efficiency in the development of noninvasive patient monitoring technologies, gas detection and analysis systems, and breathing and protection equipment.
Incorporated in 1890, Emerson Electric is headquartered in Missouri, the U.S. The multinational corporation develops products and offers engineering services for a broad array of residential, commercial, and industrial applications. The company is an owner of over 200 manufacturing locations across the world and comprise of products such as professional tools, network power, storage systems, electric motors, industrial automation, power technologies, climate technologies, and process control systems.
General Electric Corporation
Established in 1892, General Electric Corporation is based in Boston, the U.S. The multinational conglomerate holds a significant position among the Fortune 500 companies in the U.S. The company develops solutions for numerous industries, which include oil and gas, lighting, venture capital and finance, additive manufacturing, digital industry, renewable energy, power, healthcare, and aviation.
Fuji Electric Corporation
Launched in 1923, Fuji Electric Corporation is located in Tokyo, Japan. The electrical equipment manufacturer develops power equipment, ICs, motors, generators, pumps, inverters, controllers, gas analyzers, flowmeters, and pressure transmitters.
Found in 1883, ABB is headquartered in Zurich, Switzerland. The company offers solutions for digital measurements and analytics with an innovative approach. It serves a large number of industries and garners customers’ needs in the industrial automation, robotics and discrete automation, motion, and electrification.
Some of the most prominent competitors operating in the competitive landscape of global combustion analyzer market include –
Combustion Analyzers Market – Dynamics
High HVAC Adoption in Residential Areas to Generate Demand for Combustion Analyzers
Government initiatives undertaken to prevent the loss of property and people, on the back of increasing level of pollution and global warming, demand for combustion analyzers have been on a steady rise. High use of air-conditioners and similar cooling and heating equipment makes the residential areas susceptible to the presence of harmful gases, which can be tackled by adopting combustion analyzers. Proficiency of combustion analyzers to buzz an alarm to notify about the presence of dangerous gas can be known at an early stage, which prevents any substantial damage to the residential areas.
High Maintenance Costs Involved with the Recalibration of Combustion Analyzers to Act as a Growth Deterrent
Combustion analyzers require frequent calibration to ensure the accuracy of obtained reading, which requires delivering of these devices to the manufacturer for assessment in every couple of years. Incorporation of novel sensors by replacing the overused ones for limiting the downtime turns out to be a tedious process, which is likely to hold confined growth prospects for the combustion analyzers. In addition, exposure to extreme temperatures can damage these units, which is restricting the adoption rate of combustion analyzers market.
Combustion Analyzers Market – Segmentation
The combustion analyzers market can be branched on the basis of:
Combustion Analyzers Market Segmentation – By Configuration
Depending on the configuration, the combustion analyzers market can be bifurcated into:
Combustion Analyzers Market Segmentation – By Application
Based on the application, the combustion analyzers market can be segmented into:
Combustion Analyzers Market Segmentation – By End Use
On the basis of end user industry, the combustion analyzers market can be classified into:
Combustion Analyzers Market Segmentation – By Fuel
Depending on the fuel, the combustion analyzers market can be fragmented into:
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