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In 2022, the global market for process analyzers was estimated to be worth $5.26 billion. During the forecast period (2023-2030), the market for process analyzers is expected to expand from $6.1 billion in 2023 to $11.49 billion in 2030, a CAGR of 9.26%. Market expansion is being fueled by a number of factors, including an increased focus on water quality and public health, rising industrial demand, and strict government rules on wastewater treatment.
The increasing need to treat wastewater is a key reason in the growth of the process analyzer market. The demand for effective water management solutions has increased with urbanization. The need for water and wastewater treatment facilities has been growing as concerns about water and public health have increased, industrial demand has risen, and government rules on wastewater treatment have become more strict. Another factor propelling the market is the expanding role of process analyzers in ensuring the security of pharmaceuticals. The pharmaceutical industry has been given a significant boost by the COVID-19 epidemic. The increasing use of robotics, AI, and other forms of smart manufacturing technologies is another factor propelling the process analyzer market.
However, problems in monitoring the chemical can occur if the process analyzer is not operated by trained personnel. Additionally, the high cost of the process analyzer and its software discourages manufacturers from installing expensive process analyzers in favor of simpler and cheaper monitoring options. The market is stifled as a result of this. The COVID-19 pandemic also had a significant impact on the building and manufacturing sectors, as well as the oil and gas industry. Building work also came to a near halt or was severely curtailed. Global manufacturing and transportation operations and their associated supply chains were disrupted. The expansion of the market for process analyzers was stunted as a direct result of this. However, the third and fourth quarters of 2020 saw the market stabilize. In addition, business as usual is being restored to all sectors of the economy. Midway through 2021, the market should begin to revive thanks to the resumption of normal operations at all process analyzer businesses.
Climate change, fluctuating weather patterns, and rising pollution are only a few of the causes of a global freshwater crisis. A growing number of people are becoming aware of the need to reduce water consumption and implement conservation measures include better managing water infrastructure, collecting and reusing rainwater, and cleaning up wastewater. Water that has been utilized in factories or homes is called wastewater. To prevent further pollution of water sources, it must be treated before being released into another body of water like a river or lake. Safe drinking water is in high demand around the world, driving up the need for water and sewage treatment facilities. Water treatment facilities utilize process analyzers of various kinds to check the water for contaminants. To ensure that people everywhere have access to clean drinking water, a growing number of businesses are funding the construction of water and sewage treatment facilities. Liquid and gas analyzers with sophisticated control capabilities have seen increased demand thanks to the rising use of water in the pharmaceutical and food industries.
One potential factor holding back the expansion of the market for process analyzers is the high cost of product development. A company's new process analyzers must be novel and distinct from existing options. The primary criteria for the product's adoption in the market are the dependability of the instrument and the correctness of the findings obtained from it. Taking samples from a running process and then analyzing them in a lab was a common practice for making process measurements in the past. This not only caused a holdup in getting results, but also raised the prospect of sample contamination in the meantime. These considerations necessitated the development of process analyzers with online real-time analysis capabilities. The installation of such online analyzers incurs extra expenditures due to the need for climate control in order to dissipate the heat they produce. Sample conditioning systems (SCS) are commonly installed in these setups, and they are responsible for delivering and returning tiny amounts of liquid or gas from the process streams to the analyzers. Although the SCS's performance is a major factor in the analyzer's final results, it also increases expenses because to its complex nature in terms of design, installation, and maintenance. As a result, the market must not only satisfy the power efficiency in a cost-effective manner, but also manage power consumption, in light of the growing number of applications.
Rising spending on R&D for cutting-edge pharmaceutical solutions is a key factor propelling the process analyzers market's CAGR. Liquid density meters are used in the pharmaceutical business to assess the porosity of a solid medication ingredient or to calculate the specific gravity of liquid samples. Quality control standards can be met and the final state of a solid or discontinued formulation can be reviewed in the liquids currently being tested and created in a pharmaceutical plant with the help of density evaluation. The pharmaceutical business in the United States uses total organic carbon (TOC) analyzers extensively for water quality control and EPA compliance. During the current COVID-19 pandemic, there is anticipated to be an increase in the demand for process analyzers due to the increased attention on drug safety and regulatory requirements to characterize pharmaceuticals.
Report Coverage
Global Process Analyzer research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Process Analyzer report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Process Analyzer competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Process Analyzer market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Process Analyzer market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Process Analyzer market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
hermo Fisher Scientific Inc., Emerson Electric Co., SIEMENS AG, Yokogawa Electric Corporation, Suez, Applied Analytics, Inc., ABB, Endress+Hauser AG, AMETEK, Inc., .Mettler-Toledo International Inc
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Process Analyzer market based on the below-mentioned segments:
Global Process Analyzer Market, By Analysis Type
Online Analysis
Inline Analysis
Atline Analysis
Global Process Analyzer market, By Analyzing Material State
Liquid
Gas
Global Process Analyzer Market, By End User
Oil & Gas
Pharmaceuticals
Water & Wastewater
Chemical
Others
Global Process Analyzer market, Regional Analysis
The increasing need to treat wastewater is a key reason in the growth of the process analyzer market. The demand for effective water management solutions has increased with urbanization. The need for water and wastewater treatment facilities has been growing as concerns about water and public health have increased, industrial demand has risen, and government rules on wastewater treatment have become more strict. Another factor propelling the market is the expanding role of process analyzers in ensuring the security of pharmaceuticals. The pharmaceutical industry has been given a significant boost by the COVID-19 epidemic. The increasing use of robotics, AI, and other forms of smart manufacturing technologies is another factor propelling the process analyzer market.
However, problems in monitoring the chemical can occur if the process analyzer is not operated by trained personnel. Additionally, the high cost of the process analyzer and its software discourages manufacturers from installing expensive process analyzers in favor of simpler and cheaper monitoring options. The market is stifled as a result of this. The COVID-19 pandemic also had a significant impact on the building and manufacturing sectors, as well as the oil and gas industry. Building work also came to a near halt or was severely curtailed. Global manufacturing and transportation operations and their associated supply chains were disrupted. The expansion of the market for process analyzers was stunted as a direct result of this. However, the third and fourth quarters of 2020 saw the market stabilize. In addition, business as usual is being restored to all sectors of the economy. Midway through 2021, the market should begin to revive thanks to the resumption of normal operations at all process analyzer businesses.
Climate change, fluctuating weather patterns, and rising pollution are only a few of the causes of a global freshwater crisis. A growing number of people are becoming aware of the need to reduce water consumption and implement conservation measures include better managing water infrastructure, collecting and reusing rainwater, and cleaning up wastewater. Water that has been utilized in factories or homes is called wastewater. To prevent further pollution of water sources, it must be treated before being released into another body of water like a river or lake. Safe drinking water is in high demand around the world, driving up the need for water and sewage treatment facilities. Water treatment facilities utilize process analyzers of various kinds to check the water for contaminants. To ensure that people everywhere have access to clean drinking water, a growing number of businesses are funding the construction of water and sewage treatment facilities. Liquid and gas analyzers with sophisticated control capabilities have seen increased demand thanks to the rising use of water in the pharmaceutical and food industries.
One potential factor holding back the expansion of the market for process analyzers is the high cost of product development. A company's new process analyzers must be novel and distinct from existing options. The primary criteria for the product's adoption in the market are the dependability of the instrument and the correctness of the findings obtained from it. Taking samples from a running process and then analyzing them in a lab was a common practice for making process measurements in the past. This not only caused a holdup in getting results, but also raised the prospect of sample contamination in the meantime. These considerations necessitated the development of process analyzers with online real-time analysis capabilities. The installation of such online analyzers incurs extra expenditures due to the need for climate control in order to dissipate the heat they produce. Sample conditioning systems (SCS) are commonly installed in these setups, and they are responsible for delivering and returning tiny amounts of liquid or gas from the process streams to the analyzers. Although the SCS's performance is a major factor in the analyzer's final results, it also increases expenses because to its complex nature in terms of design, installation, and maintenance. As a result, the market must not only satisfy the power efficiency in a cost-effective manner, but also manage power consumption, in light of the growing number of applications.
Rising spending on R&D for cutting-edge pharmaceutical solutions is a key factor propelling the process analyzers market's CAGR. Liquid density meters are used in the pharmaceutical business to assess the porosity of a solid medication ingredient or to calculate the specific gravity of liquid samples. Quality control standards can be met and the final state of a solid or discontinued formulation can be reviewed in the liquids currently being tested and created in a pharmaceutical plant with the help of density evaluation. The pharmaceutical business in the United States uses total organic carbon (TOC) analyzers extensively for water quality control and EPA compliance. During the current COVID-19 pandemic, there is anticipated to be an increase in the demand for process analyzers due to the increased attention on drug safety and regulatory requirements to characterize pharmaceuticals.
Report Coverage
Global Process Analyzer research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Process Analyzer report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Process Analyzer competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Process Analyzer market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | hermo Fisher Scientific Inc., Emerson Electric Co., SIEMENS AG, Yokogawa Electric Corporation, Suez, Applied Analytics, Inc., ABB, Endress+Hauser AG, AMETEK, Inc., .Mettler-Toledo International Inc |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Process Analyzer Market from 2021 to 2030.
- Market Forecast for Process Analyzer Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Process Analyzer competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Process Analyzer
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Process Analyzer market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Process Analyzer market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
hermo Fisher Scientific Inc., Emerson Electric Co., SIEMENS AG, Yokogawa Electric Corporation, Suez, Applied Analytics, Inc., ABB, Endress+Hauser AG, AMETEK, Inc., .Mettler-Toledo International Inc
Primary Target Market
- Market Players of Process Analyzer
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Process Analyzer market based on the below-mentioned segments:
Global Process Analyzer Market, By Analysis Type
Online Analysis
Inline Analysis
Atline Analysis
Global Process Analyzer market, By Analyzing Material State
Liquid
Gas
Global Process Analyzer Market, By End User
Oil & Gas
Pharmaceuticals
Water & Wastewater
Chemical
Others
Global Process Analyzer market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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