Press release
Moisture Analyzer Market Analysis, Top Drivers, Key Players, Segmentation And Forecast To 2033
The new report published by The Business Research Company, titled ""Moisture Analyzer Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the moisture analyzer market size has grown strongly in recent years. It will grow from $2.36 billion in 2023 to $2.48 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The moisture analyzer market size is expected to see strong growth in the next few years. It will grow to $3.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
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Industrial Automation Powering Growth In The Moisture Analyzer Market
Increasing industrial and process automation is expected to propel the growth of the moisture analyzer market going forward. Industrial and process automation refers to the act of applying intelligent technology to industrial processes to replace manual, repetitive tasks with highly efficient and automated workflows. Moisture analyzers are helpful in increasing process automation and reducing manpower requirements as they are quick, precise, intuitive, and take care of everything. It also incorporates the best of all strategies while avoiding their drawbacks. For instance, according to the IFR international federation of robots' report, in 2021, there are 3 million industrial robots operating in factories around the world. In addition, sales of new robots grew slightly (0.5%) in the pandemic. Therefore, increasing industrial and process automation drives the moisture analyzer market growth.
Strategic Partnership Drives Market Expansion
Strategic partnerships have emerged as a key trend gaining popularity in the moisture analyzer market. Major companies operating in the moisture analyzer market are looking for partnerships to meet consumer demand. For instance, in January 2021, Vector Controls and Automation Group, a US-based manufacturer of moisture analyzers partnered with SpectraSensors, a US-based manufacturer of laser-based analyzers and sensors. Through this partnership, Vector CAG would sell SpectraSensors products in the states of Texas, Oklahoma, Kansas, Arkansas, Missouri, Southern Illinois, and South Eastern New Mexico.
The moisture analyzer market covered in this report is segmented -
1) By Type: Desktop, Handheld
2) By Analyzing Technique: Loss-On-Drying, Karl Fischer Titration, Microwave, Capacitance, Drying Owen, Near-Infrared, Radio Frequency, Other Analyzing Techniques
3) By Vertical: Construction, Pharmaceuticals, Chemical and Petroleum, Food and Beverage, Wood, Paper, and Pulp, Metal and Mining, Other Verticals
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Major companies operating in the moisture analyzer market report are PCE Instruments Ltd., Michell Instruments Inc., AMETEK Inc., SpectraSensors Inc., General Electric Company, A&D Company Limited, Kett Electric Laboratory, Mettler-Toledo International Inc., Sartorius AG, Shimadzu Corporation, Gow-Mac Instrument Co., Sinar Technology, Thermo Fisher Scientific Inc., U-Therm International (Hong Kong) Limited, Arizona Instrument LLC, CEM Corporation, Danaher Corporation, Mitsubishi Chemical Holdings Corp., KAM Controls Inc., Novasina AG, Systech Illinois, Vaisala Oyj, KERN & SOHN GmbH, Precisa Gravimetrics AG, KROHNE Messtechnik GmbH, Yokogawa Electric Corporation, Emerson Electric Co., Siemens AG, Honeywell International Inc., Schneider Electric SE, Fuji Electric Co. Ltd., AMETEK Process Instruments, Endress+Hauser AG
Contents of the report:
1. Executive Summary
2. Moisture Analyzer Market Report Structure
3. Moisture Analyzer Market Trends And Strategies
4. Moisture Analyzer Market - Macro Economic Scenario
5. Moisture Analyzer Market Size And Growth
…..
27. Moisture Analyzer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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