Process Analyzer Market - Rising Use in Water and Wastewater Treatment to Aid Growth

Involvement of a large number of players has rendered the vendor landscape in the global process analyzer market highly fragmented. The market is therefore witnessing accelerated competition among the leading companies. In the forthcoming years, the competitive rivalry among key players is likely to intensify further as they focus on product and technology upgrades and product innovation.

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By end use, the majority share of the market is held by the oil and gas industry. It accounted for nearly 54% of the global process analyzer market in 2015. While the industry is forecast to remain the lead through the forecast period, the demand for process analyzer will gain pace in the chemical industry in the coming years.

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The market is primarily gaining from the increasing demand for water and wastewater treatment. Given the recent technological upgrades, manufacturers are now able to offer more cost-effective process analyzers. Besides the cost advantage, these analyzers also demonstrate a better design and performance.

Considering this factor, rapid industrialization will therefore emerge as a strong factor enabling the market’s growth. In addition, the rising demand for processed food is expected to boost utility of process analyzers in the food and beverages industry.

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