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Exhaust Analyzer Market is Projected to be Fueled by Rapid Technological Advancements
the significant application of the exhaust analyzers in the chemical and oil and gas industry is suggested to be a prominent opportunity for the growth of the global exhaust analyzer market over the forecast period.
Owing to its significant use there are multiple players in the global exhaust analyzer market, some of the key players involved in the market are Honeywell International, Inc., Nova Analytical Systems, Testo SE & Co. KGaA, IMR Environmental Equipment, ABB Ltd, Gasmet Technologies Oy, MKS Instruments, General Electric Co., Emerson Electric Co. and Blanke Industries Inc.
Exhaust analyzers equipment that are used in detecting a wide range of gases such as oxygen, nitrogen oxide (NO), nitrogen dioxide (NO2), carbon monoxide (CO), carbon dioxide (CO2) and hydrocarbons in any gas emitting application. Exhaust analyzers help in evaluating the proportion of the desired gas in a specific application. Traditionally the exhaust analyzers were used to measure Carbon Monoxide in an application. It is also used to indicate the fuel-air ratio in an engine. Exhaust analyzers have a significant adoption in automotive and aerospace industry.
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The appropriate presence of multiple gases which are formed due to the active functioning of an engine is taken care off by the exhaust analyzers. These exhaust analyzers can be used for examining the engines which are running on a wide variety of fuels including – gasoline, propane, natural gas and diesel. Exhaust analyzers provides its final measures usually in ppm and ppb range. These analyzers can be used for older as well as newer engine examination for a desired gas. Continuous emissions monitoring and industrial process monitoring are few of the major applications of exhaust analyzers.
The rising number of initiatives taken by government bodies across multiple countries to focus on eco-friendly energy and environment conservation policies are suggested to boost the global exhaust analyzer market over the forecast period. Additionally, the ease in installation and maintenance of an exhaust analyzer is suggested to have a positive impact on the global exhaust analyzer market. The prominent automotive industry in Europe region is suggested to have a significant impact on the global exhaust analyzer market. However, the rising up gradation in on-board diagnostic systems across multiple industry verticals are suggested to have a negative impact on the global exhaust analyzer market. However, the significant application of the exhaust analyzers in the chemical and oil and gas industry is suggested to be a prominent opportunity for the growth of the global exhaust analyzer market over the forecast period.
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The global exhaust analyzer market could be segmented into three parts namely – by type, by application and by region. As per the ‘by type’ the exhaust analyzer market could be further sub segmented into two parts namely- fixed exhaust analyzers and portable exhaust analyzers. As per ‘by end-use industry’ the global exhaust analyzer market could be sub segmented into seven sub parts namely- Automotive, Energy and Power, Healthcare, Oil and Gas, Chemical, Water Treatment and others. Oil and Gas and Automotive industries are suggested to hold a significant share of the global exhaust analyzer market over the forecast period. As per regions the global exhaust analyzer market is suggested to divided into five sub parts namely – North America, Europe, Asia Pacific, Middle East and Africa and South America. North America is anticipated to hold the highest market share owing to the significant technological advancements in the regions. The U.S. is suggested to play a major role in the prominent share of North America. Additionally, China is suggested to play one of the major roles for the significant pace of the Asia Pacific region in global exhaust analyzer market for the forecast period.
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