Process Analyzer Market Analysis Growth Opportunities and Demand Drives by 2020 to 2030

Process analyzers have a wide-spread presence in multiple industries owing to the criticality of their operations, mainly in the quality control divisions of businesses. New-age process analyzers are becoming more advanced in terms of their accuracy and convenience of use, which reflects various developments in the process analyzers market.Based on the application-driven needs, manufacturers are increasing focus on offering unique capabilities of their products. For instance, companies are offering high-performance carbon dioxide gas analyzers with features that suit operations in the food & beverage industry. With advancements in technologies, manufacturers in the process analyzers market are expected to improve the accuracy and convenience of their products in the coming years.

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Process Analyzer Market: Drivers

Enormous potential and demand for process analyzers in the pharmaceutical industry is one of the most important factors that are triggering the growth of the process analyzers market. Not only in drug manufacturing operations but also in the field of dentistry, the range applications of process analyzers are only widening with time.

Manufacturers offering industry-specific features in process analyzers for quality control in order to benefit from the surging demand from the ever-growing pharmaceutical industry. In addition, the water & wastewater industry is also likely to trigger demand as environmental organizations are introducing stringent regulations vis-a-vis water quality standards for industries. This is also expected to create new avenues of growth for players in the liquid process analyzers market.

Process Analyzer Market: Challenges and Restraints

High maintenance and servicing costs associated with process analyzers is one of the biggest hindrances in the growth of the market. As the role of process analyzers in various manufacturing operations is to monitor and measure gas and liquid contents, maintenance becomes inevitable in order to ensure accuracy in measurements.

Without periodic maintenance, process analyzers may produce unreliable data, and this can reflect major flaws in production and unplanned plan shutdowns, sometimes delayed production cycles. Therefore, manufacturers in the process analyzers market need to have dedicated teams for offering maintenance services to design strategies to ensure better performance of their products based on their industrial applications.

Process Analyzer Market: Opportunities and Trends

Growing adoption of process analyzers in the oil & gas industry are creating new opportunities for market players, as the demand for automatic validation tools is increasing in this space. Businesses can leverage these opportunities by introducing high-quality gas and liquid process analyzers, which are becoming an integral part of the oil & gas as well as the pharmaceutical industries.

Adoption of innovative techniques and technologies is emerging as the latest trend in the process analyzer market. Manufacturers are using advanced techniques such as Tunable Diode Laser Absorption Spectroscopy (TDLAS) in order to achieve extremely low detection limits. Furthermore, other technologically advanced tools are enabling manufacturers to introduce process analyzers with real-time, more accurate, and faster measurements in various industrial applications.

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Process Analyzer Market: Region-wise Analysis

While the world is emerging out of the global outbreak of novel coronavirus, the Asia Pacific region is expected to witness positive growth of its manufacturing industry. This is expected to create more lucrative opportunities for businesses in the APAC market for process analyzers. China and Japan are likely to experience rise in the adoption of advanced process automation technologies, and this provides an impetus to business in the region.

process analyzer market

Apart from the Asia Pacific region, the process analyzer market in Europe is also expected to witness an upsurge in investment activities in the region as players are expanding their global networks. For instance, In 2018, LAR Process Analysers AG – a German manufacturer and supplier of on-line process analyzers was acquired by Process Insights Holdings – a US-based player in the gas and water analysis space. The acquisition was aimed at by LAR Process Analysers AG to strengthen its global position as a premium brand in the industry.

Process Analyzer Market: Competitive Landscape

Key players in the process analyzers market are Siemens AG, ABB Ltd., Endress+Hauser AG, AMETEK Process Instruments, Emerson Electric Co., Suez SA, Applied Analytics, Inc., Thermo Fisher Scientific Inc., Mettler-Toledo International Inc., and Yokogawa Electric Corp.

A majority of leading players in the process analyzer market are moving to implementing organic growth strategies through the launch of innovative, tech-based products in the market. Introducing high-performance process analyzers with a considerably high speed of response with the integration of next-generation technological features is expected to emerge as a popular strategy among market players.

Furthermore, companies are also focusing on optimizing their manufacturing processes to make them cost-efficient, as a part of their approach to cope with the negative impact of COVID-19 pandemic on their operations.

Segmentation

Based on gas analyzers, the process analyzers market can be segmented as:

Oxygen Analyzer
Hydrogen Sulfide Analyzer
Carbon Dioxide Analyzer
Toxic Gas Analyzer
Moisture Analyzer

Based on liquid analyzers, the process analyzers market can be segmented as:

Conductivity Analyzer
pH/ORP Analyzer
Turbidity Analyzer
Liquid Density Analyzer
TOC Analyzer
Dissolved Oxygen Analyzer
MLSS Analyzer

Based on the range of instruments, the process analyzers market can be segmented as:

In-line process analyzers
At-line process analyzers
On-line process analyzers.

Based on end-use industries, the process analyzers market can be segmented as:

Petrochemicals
Oil & Gas
Metals & Mining
Pharmaceuticals
Power
Water & Wastewater
Cement & Glass
Paper & Pulp
Food & Beverages

Others (Iron & Steel, Semiconductor Processing)
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