An emission gas analyzer measures the concentration of gases in exhaust, like carbon monoxide, to assess combustion efficiency and emissions. It discusses different types of gas analyzers like Pellistor/Catalytic Bead, Point/Non-Dispersive Infrared, Tunable/Enhanced Laser Diode Spectroscopy, and Electrochemical analyzers. The document also explains measuring the Lambda coefficient to evaluate lean or rich mixtures, and how the Enerac Model 700 portable emissions monitor can accurately measure gases like NOx with sensors, storage, and software.