The global process liquid analyzer market is forecasted to expand at 5.5% CAGR over the forecast period, as per FMI’s analysis. The industry’s size is predicted to surge from US$ 2,861.9 million in 2023 to US$ 4,888.5 million by 2033.
Process liquid analyzers are commonly employed in industries such as food and beverage, semiconductors and electronics, metal, and alloys, etc. Since they cover an extensive range of uses, their demand is estimated to remain constantly high the world over.
Market growth is positively influenced by the surging need to control and analyze critical liquid streams to ensure the quality of industrial processes. The liquid analyzer instruments’ process consistently monitors liquid streams and helps users in improving the process performance and surging productivity. Additionally, these devices help protect the process and tools from unprepared and reparation shutdown.
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Robust industrialization has caused the deployment of liquid process analyzers to escalate in the past few years. Furthermore, big conglomerates are obtaining niche market players to incorporate specialized products in their portfolios. This is one of the defining trends in the market. The release of integrated and smart sensors is trending currently in developed economies. The launch of intelligent sensors is also projected to elevate over the forecast period.
The thriving oil and gas industry is one of the key drivers for the market. Besides, there is a solid demand for wastewater treatment plants. This can be attributed to the high concentration of particles, salts, and toxic chemicals in industrial wastewater, which is harmful to the environment.
Top Highlights from the FMI’s Analysis of the Process Liquid Analyzer Industry:
- The United States process liquid analyzer industry is estimated to be secured an 18.7% market share in 2023.
- Germany market is anticipated to obtain a 4% market share in 2023.
- Asia Pacific market is assessed to witness notable growth. Countries in Asia like India and China are forecasted to expand at 6.8% and 6.2% CAGR over the forecast period respectively.
- In Japan, the process liquid analyzer industry is estimated to register 6.2% of the global market share.
- The United Kingdom market is set to represent a CAGR of 4% over the predicted time frame.
- Based on liquid medium, water is estimated to acquire a 38% market share over the forecast period.
- Oil and petrochemicals, based on end use, are projected to obtain a 32.7% market share in 2023.
Glad Tidings: Key Developments in Process Liquid Analyzer Market
- In June 2018, Schneider Electric unveiled a new process gas chromatograph analyzer. This product is new in FXI Series and is a quick, durable, and secure liquid and gas composition process analyzer. It has user-friendly, newly-enhanced capabilities and components. The analyzer empowers petrochemical, chemical, and refining plants to boost the reliability, real-time efficiency, and safety of their industrial processes.
- In June 2022, Process Insights revealed that it has acquired assets from Schneider Electric’s Process Analyzers business. The asset deals widen and invigorate Process Insights’ already vigorous portfolio of technology and analytical instrumentation. The launch of these analyzers addresses superior market demand for spectroscopic competencies.
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Process Liquid Analyzer Market by Category
By Technology:
- NIR Based
- NMR Based
- ECD Sensor Based
- Laser Based
By Liquid Medium:
- Water
- Oil
- Other Chemicals & Liquids
By Product:
- pH & ORP (Oxidation-Reduction Potential) Analyzers
- Conductivity Analyzers
- MLSS (Mixed Liquor Suspended Solids) & Turbidity Analyzers
- Liquid Density Analyzers
- Chlorine Analyzers
- Dissolved Oxygen Analyzers
- Total Sulfur & Nitrogen Analyzers
- Oil in Water Analyzers
- TOC Analyzers
- Heavy Aromatics Analyzers
By Display:
- Analog
- Digital
By End Use:
- Oil & Petrochemicals
- Water & Wastewater Treatment
- Food & Beverages
- Chemicals
- Medical & Pharmaceutical
- Others
By Region:
- North America
- Western Europe
- South East Asia & Pacific
- Latin America
- Eastern Europe
- The Middle East and Africa
- China
- Japan
- India
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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