Combustion Analyzers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Combustion Analyzers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : March, 2020 | Semiconductor & Electronics | PPT format

Report Digest


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

  • Recently, Bacharach Inc. announced the expansion of refrigerant gases for its MGS-400 gas detectors used in industrial and commercial gas leak monitoring applications. The product is incorporated with three sensors, based on the temperature, gas types, and measurement range to detect hazardous refrigerant leaks.
  • In September 2018, Bruker Corporation announced the launch of a highly sensitive combustion analyzer to measure the sulfur and carbon concentration in inorganic samples. The furnace zone of the combustion analyzer is shielded by ZoneProtect technology that ensures clean and efficient combustion at minimum maintenance and operation cost.

Dragerwerk AG

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.

Emerson Electric

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.

ABB

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 –

  • TESTO
  • Adev
  • Eurotron Instruments
  • Shanghai Encel Instruments
  • Nova Analytical Systems
  • MRU Instruments
  • Dwyer Instruments
  • UEI TEST INSTRUMENTS
  • CODEL International Ltd.
  • Wuhan Cubic Optoelectronic
  • WOHLER, KIMO Instruments
  • Seitron
  • ENOTEC
  • TECORA
  • Kane International
  • M&C TechGroup Genetics GmbH
  • AMETEK Inc.

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:

  • Configuration
  • Application
  • End Use
  • Fuel

Combustion Analyzers Market Segmentation – By Configuration

Depending on the configuration, the combustion analyzers market can be bifurcated into:

  • Stationary Combustion Analyzers
  • Portable Combustion Analyzers

Combustion Analyzers Market Segmentation – By Application

Based on the application, the combustion analyzers market can be segmented into:

  • Industrial
  • Commercial

Combustion Analyzers Market Segmentation – By End Use

On the basis of end user industry, the combustion analyzers market can be classified into:

  • Chemical
  • Textile
  • Energy and Power
  • Metals and Mining
  • Petrochemical
  • Others

Combustion Analyzers Market Segmentation – By Fuel

Depending on the fuel, the combustion analyzers market can be fragmented into:

  • Coal
  • Oil
  • Natural Gas and Biomass
  • Others

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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