Process Analyzer Market Business Opportunities Including Key Players by 2022
The global Process Analyzer Market (liquid) is expected to reach USD 2.39 Billion by 2022, at a CAGR of 5.67% between 2016 and 2022. The growth of this market is majorly driven by the increase in the shale gas production in the U.S. and growing demand for wastewater treatment plants. In addition, increasing demand for analytical instruments in the emerging market such as China and India is further contributing to the growth of this market.
The report aims at estimating the size and future growth potential of the process analyzers market (liquid). The base year considered for the study is 2015 and the market size has been forecasted from 2016 to 2022.
The research methodology used to estimate and forecast the process analyzer market (liquid) begins with gathering data on key vendor revenues through secondary research. The top-down and bottom-up approaches have been used to estimate and validate the size of the global process analyzers market (liquid). The research methodology also includes the study of annual and financial reports of top market players as well as interviews of industry experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both, quantitative and qualitative) on the process analyzers market (liquid). All percentage shares, splits, and breakdowns have been determined by using secondary sources and verified through primary sources. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.
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The water & wastewater industry in the process analyzers market (liquid) held the largest share in 2015
The global process analyzers market (liquid) is industry driven. Based on industry, this market has been segmented into oil & gas, petrochemical, pharmaceuticals, water & wastewater, power generation, food & beverages, semiconductor processing, pulp & paper, and metal & mining among others. The process analyzers markets (liquid) for the water & wastewater industry accounted for the largest share in 2015. This market is expected to grow at a significant rate between 2016 and 2022, driven by growing importance for water treatment and increasing initiatives from the Chinese and Indian governments for improved drinking water facilities.
The market for pH/ORP type analyzers is expected to grow rapidly during the forecast period
The process analyzers market (liquid), based on type, is segmented into pH/ORP, conductivity, near-infrared, turbidity, dissolved oxygen, chlorine, liquid density, and TOC analyzers among others. Among these analyzers, the market for pH/ORP analyzers is projected to witness the highest growth during the forecast period in the process analyzers market (liquid). The major reasons for the growth of this market include wide adoption of pH/ORP analyzers in various process industries such as water & wastewater, refining, pulp & paper, food & beverages, and pharmaceuticals. Also, increasing number of pH/ORP product launches, catering to diverse industry segments, is further contributing to the growth of this market.
The process analyzers market (liquid) in North America is expected to have the largest share of the global process analyzers market (liquid) by 2022
The process analyzers market (liquid) in North America held the largest share of the global process analyzers market (liquid) in 2015, followed by the markets in APAC and Europe. The market in North America is expected to grow at the highest rate between 2016 and 2022. This growth can be attributed to the discovery of shale gas in abundance in the U.S. since various process liquid analyzers are used during the oil & gas exploration processes. In addition, high investments in the process industries such as food & beverages, petrochemical, and pharmaceuticals contribute to the growth of this market.
The major players in the global process analyzers market (liquid) are ABB Ltd. (Switzerland), Endress+Hauser AG (Switzerland), GE Analytical Instruments (U.S.), Hach Lange GmbH (Germany), Honeywell International, Inc. (U.S.), Mettler-Toledo International Inc. (U.S.), Teledyne Technologies, Inc. (U.S.), The Emerson Electric Company (U.S.), Thermo Fisher Scientific, Inc. (U.S.), and Yokogawa Electric Corp. (Japan) among others.
The scope of the report covers detailed information regarding the major factors influencing the growth of the process analyzers market (liquid) such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the markets.
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