The process analyzer market is projected to grow from USD 6.8 billion in 2020 to USD 8.1 billion by 2025; it is expected to grow at a CAGR of 3.5% from 2020 to 2025. The growth of the process analyzer market is driven rising demand for water and wastewater treatment, increase use of process analyzer in drug safety, and fiscal policy measures by regional financial institutions to boost process analyzer market during the COVID-19 crisis.
COVID-19 has emerged as a global pandemic that has spread across 215 countries worldwide and disrupted various industries around the world. The prominent players across industries have been affected by this pandemic. The foreseeable decline in the growth of industries may have a considerable direct impact on the process analyzer market.
“The MLSS analyzer in liquid analyzer segment is expected to grow at the highest CAGR during the forecast period.”
The MLSS analyzer segment is expected to record the highest CAGR during the forecast period, due to the increasing adoption of MLSS analyzers across the water & wastewater, refining, pulp & paper, food & beverages, and pharmaceutical industries. MLSS analyzers measure the mixed liquor suspended solids concentration of an activated-sludge treatment process in sewage or industrial wastewater treatment facilities. These analyzers are mostly used in the disposal plants, livestock and excrement treatment plants, industrial wastewater, and water disposal industries
“The pharmaceuticals industry is projected to account for the largest share of the process analyzer market during the forecast period.”
The pharmaceuticals industry is expected to account for the largest market share and highest CAGR during the forecast period. Process analyzers are an integral part of pharma product manufacturing processes. The pharmaceuticals industry has to maintain product quality and follow rules and regulations for medicinal drugs, necessitating the wide use of liquid analyzers, especially in pandemic times. These factors give an impetus to the growth of the process analyzer market in the pharmaceuticals industry.
“APAC is projected to grow at a highest CAGR during the forecast period.”
APAC and North America are the leaders in terms of the adoption of IoT, and the process analyzer market in these regions is expected to grow significantly during the forecast period. In APAC, the deployment of process analyzers and solutions is expected to increase rapidly during the forecast period in China, India, and Japan. The market in APAC is growing rapidly owing to the large-scale advancements and technological innovations in the manufacturing industry; this necessitates the use of process analyzer solutions. Most key global manufacturers from different industries have shifted their manufacturing units to APAC due to the low labor costs and easy availability of a skilled workforce. China was the epicenter of the COVID-19 outbreak, and the resultant shutdowns and supply chain disruptions dealt a major blow to the economic activities in APAC. Various countries in the region have undertaken economic reforms to revive their economy; this is expected to give an impetus to the growth of the process analyzer market in APAC.
Break-up of the profiles of primary participants:
- By Company Type – Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
- By Designation – C-level – 40%, Director-level – 35%, and Manager-level – 25%
- By Region – North America - 30%, Europe – 25%, APAC – 35%, and RoW – 10%
The key players in the process analyzer market include ABB Ltd. (Switzerland), AMETEK Process Instruments (US), Applied Analytics, Inc. (US), Endress+Hauser AG (Switzerland), Emerson Electric Co. (US), Suez (France), Mettler-Toledo International Inc. (US), Siemens AG (Germany), Endress+Hauser AG (Switzerland), Thermo Fisher Scientific, Inc. (US), and Yokogawa Electric Corp. (Japan).
The process analyzer market has been segmented into liquid analyzer, gas analyzer, industry, and region. Based on liquid analyzer, the market has been segmented into pH/ORP analyzer, conductivity analyzer, turbidity analyzer, dissolved oxygen analyzer, liquid density analyzer, MLSS analyzer, and TOC analyzer. Based on gas analyzer, the process analyzer market has been segmented into oxygen analyzer, carbon dioxide analyzer, moisture analyzer, toxic gas analyzer, and hydrogen sulfide analyzer. Industries studied in the report include oil & gas, petrochemicals, pharmaceuticals, water and wastewater, power, food & beverages, paper & pulp, metals & mining, cement & glass, and others. The process analyzer market has been studied for North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).
Reasons To Buy the report:
- Illustrative segmentation, analysis, and forecast of the market based on liquid analyzer, gas analyzer, industries, and region have been conducted to give an overall view of the process analyzer market.
- The key drivers, restraints, opportunities, and challenges pertaining to the process analyzer market have been detailed in this report.
- Detailed information regarding the COVID-19 impact on the process analyzer market has been provided in the report.
- The report includes a detailed competitive landscape of the market, along with key players, as well as in-depth analysis of their revenues