Measurement Technology in Downstream Processing Market: Geographical Growth Opportunities and Market Share
A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5922
According to the forecast presented in the report, valuation of the global measurement technology in downstream processing market is anticipated to increase from an estimated US$ 3,772.4 Mn in 2017 to about US$ 6,827.9 Mn by the end of the forecast period in 2027. This reflects a CAGR of 6.1% in terms of value during the period of study.
Sensors Dominant Product Type in the Global Measurement Technology in Downstream Processing Market
The global measurement technology in downstream processing market is segmented on the basis of product type into Sensors, Transmitters and Controllers, Sensor Housings, Cables and Connectors, and Buffers and Standard Reagents. Sensors are the widely adopted product type with an increased market share throughout the forecast period. Conductivity sensors and cell density sensors are two of the fastest growing sensor types. In 2017, the market volume of the sensors segment was pegged at 4,165.4 (‘000 units) and this is expected to increase to 8,094.9 (‘000 units) by 2027 end.
Single Use to Remain the Most Preferred Modality in the Global Measurement Technology in Downstream Processing Market
On the basis of modality, the global market is segmented into Single Use and Reusable. The single use segment is the fastest growing modality type with a CAGR of 6.9%.
Biopharmaceutical Companies the Fastest Growing End Users of Measurement Technology in Downstream Processing
The global market for measurement technology in downstream processing is segmented based on end user into Biopharmaceutical Companies, Food & Beverage Companies, Contract Manufacturing Organisations, Contract Research Organisations, Academic and Research Institutes, and Others. Biopharmaceutical companies are the largest end users of measurement technology in downstream processing, and this segment is slated to register a CAGR of 7.2% during the forecast period – the highest among all the end user segments of the global market. Food & beverage companies are the second largest end users of measurement technology in downstream processing, and this segment is expected to reach a market valuation of US$ 2,273.2 Mn by 2027 end.
Western Europe Largest Regional Market for Measurement Technology in Downstream Processing
The report studies the performance of the global measurement technology in downstream processing market across the key geographies of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa. The Western Europe regional market is the largest in terms of revenue, with an estimated market valuation to the tune of US$ 2,677.1 Mn by the end of 2027. However, the Asia Pacific Excluding Japan measurement technology in downstream processing market is projected to witness the fastest growth rate of 8.3% between 2017 and 2027.
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70% of the Global Measurement Technology in Downstream Processing Market Comprises Tier 3 Players
The report profiles some of the tier players operating in the global market such as Applikon Biotechnology, Inc., Broadley-James Corporation, Endress+Hauser AG, Thermo Fisher Scientific, Hamilton Company, Mettler-Toledo International, Inc., PendoTECH, PreSens Precision Sensing GmbH, and Sartorius AG. Just about 8% of the global market is represented by Tier 1 players.
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