The moisture analyzer market is primed to showcase strong growth through 2028 due to rapidly evolving automation processes. Additionally, rising demand for smart systems is set to further impel industry expansion over the forecast period.
Moisture analyzers or moisture meters are essential tools with applications across a broad spectrum of industrial facilities, including food, textile, agriculture, and others. As moisture affects major quality control criteria like shelf life, quality, weight, and pricing, moisture meters have become vital.
Moreover, technological advancements in 3D printing have advanced the uptake of moisture measurement techniques across different industries. 3D printing-enabled moisture detection helps measure moisture content at two points, first inside the chambers of 3D printers and during the production process.
The moisture analyzer market has been categorized on the basis of equipment type, technique, application, and region. With respect to equipment type, the overall moisture analyzer market has been trisected into in-line, desktop-mounted, and handheld. Among these, the handheld sub-segment was valued at over USD 500 million in 2021 and is anticipated to report about 6.0% growth over 2022-2028 supported by the extensive usage of handheld moisture analyzers in moisture analysis procedures for maintaining optimum quality control standards.
In terms of technique, the moisture analyzer market has been fragmented into capacitance, Karl Fischer Titration, near-infrared, loss on drying (LoD), and others. In 2021, the Karl Fischer Titration segment was valued at more than USD 446 million and is likely to depict a growth rate of nearly 6.4% over the analysis timespan owing to several benefits of the technique, such as optimal traceability and accurate measurements, among others. Increasing use of Karl Fischer Titration across the pharmaceutical industry to determine water content for ensuring high-quality product with apt physical and chemical properties is expected to drive segmental demand.
With regards to application, the moisture analyzer market has been classified into semiconductor, chemical and petroleum, food & beverage, pharmaceuticals, plastic & polymer, metal & mining, research & academics, and others. in 2021, the plastic & polymer segment valuation surpassed USD 62 million and is estimated to witness substantial growth by 2028. High significance of moisture content in determining properties and appearance of the end product as well as throughout plastic processing are poised to boost segmental expansion.
From the regional frame of reference, the Latin America moisture analyzer market exceeded USD 116 million in revenue in 2021 and is projected to grow at about 6.2% CAGR over the forecast period. Growing awareness regarding the protection of industrial products and commodities is foreseen to fuel market growth in the future.
According to the World Health Organization (WHO), about 77 million people are infected by foodborne illnesses and around 9000 people from the region of Americas die due to the same annually. Thus, soaring prevalence of foodborne diseases in the region is speculated to propel product demand in LATAM’s food sector.