Global Process Analyzer Market was valued US$ 2.57 Bn in 2017 and is expected to reach US$ 5.74 Bn by 2026, at a CAGR of 9.30% during a forecast period.
The Process Analyzer market is segmented into the product type, Services, end-user, and region. In terms of product type, the global Process Analyzer market is classified into, pH/ORP, Conductivity, Chlorine, Turbidity, Near-Infrared, MLSS, Dissolved Oxygen, Liquid Density, TOC, Aluminum, and Ammonia. Based on the Services, global Process Analyzer market is divided into, Pre-sale and Post-sale. A further end-user is segmented into Food & Beverages, Metal & Mining, Oil & Gas, Semiconductor Processing, Pharmaceutical, Petrochemical, Power Generation, Pulp & Paper, Water & Wastewater and Other End Users Based on regions, the global Process Analyzer market is divided into five main regions are America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
The Process analyzer is an instrument used for monitoring the chemical and physical properties of substance such as gas and liquid content during the manufacturing process. It helps in improving the overall efficiency and production by providing accurate analysis value and intelligence. Based on product type, pH/ORP analyzers hold the largest market share and are anticipated to grow at the faster rate during the forecast period. . A key reason for the high growth of this particular type of process analyzers has an ability to be used across key applications such as pharmaceutical, water & waste water treatment, and food & beverages. Thus food & beverage industry is one particular industry which is projected to have large process analyzer market size. In terms of Services, the market is segmented into pre-sales and post-sales. The pre-sales segment is further classified into technical support services and start-up & commissioning services. Whereas, the post-sales segment are further classified into preventive maintenance services, parts & spares services, and on-site training services. By end users, the oil and gas segment are account for the highest revenue share in the market. Increasing in demand of oil industries and intense competition between international and local vendors are ultimately boost the oil and gas industries. Form other factors standard process analyzers is the bench topper among other forms with the highest market share due to the growing demand for organic materials to curb production expenses , easy operation facilities and low maintenance cost.
Increasing usage in waste water treatment, growth in U.S shale gas production, rapid industrialization in emerging nations, and huge competition among organizations for producing better quality products are the major boosting factor for the market growth. Also Industrial wastewater is characterized by high particle densities, high salt concentrations, and high fluctuating loads and may include toxic chemicals hazardous to the environment, thereby stressing the need to use these systems. Thus the growing need to accurately analyze the industrial wastewater will drive the industry growth for the market. However, high expenditures for the infrastructure, decrease in oil prices and Lack of Skilled Professionals are the major factors hindering the growth of the global Process Analyzer market. Increasing Demand for Analytical Instruments in Emerging Markets and Growth in the Pharmaceuticals Industry in India are the major key opportunity for global Process Analyzer market Geographically, The North America market is anticipated to be the fastest-growing region for the Process Analyzer market owing to the increasing demand for processed food and beverages industry. Further Asia Pacific is witnessed to be the fastest market during the forecast period due to the increasing investments from the governments of India and China for establishing drinking water facilities.
Key players operating in the global Process Analyzer market are Applied Instrument Technologies, Inc., AMETEK, Inc, Endress+Hauser AG, Honeywell International, Inc., GE Analytical Instruments, ABB Ltd., Thermo Fisher Scientific, Inc., Hach Lange GmbH, Mettler-Toledo International Inc., SICK AG, Teledyne Technologies, Inc., The Emerson Electric Company, Modcon Systems Ltd, Yokogawa Electric Corp., INFICON, Inc, Applied Analytics, Inc., BB Ltd., Teledyne Technologies, Inc.
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Scope of Global Process Analyzer Market:
Global Process Analyzer Market, by Product Type:
• pH/ORP
• Conductivity
• Chlorine
• Turbidity
• Near-Infrared
• MLSS
• Dissolved Oxygen
• Liquid Density
• TOC
• Aluminium
• Ammonia
Global Process Analyzer Market, by Services:
• Pre-sale
• Post-sale
Global Process Analyzer Market, by End-user:
• Food & Beverages
• Metal & Mining
• Oil & Gas
• Semiconductor Processing
• Pharmaceutical
• Petrochemical
• Power Generation
• Pulp & Paper
• Water & Wastewater
• Other End Users
Global Process Analyzer Market, by Region:
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• Latin America
Key Players Operating In Global Process Analyzer Market:
• Applied Instrument Technologies, Inc.
• AMETEK, Inc
• Endress+Hauser AG
• Honeywell International, Inc.
• GE Analytical Instruments
• ABB Ltd.
• Thermo Fisher Scientific, Inc.
• Hach Lange GmbH
• Mettler-Toledo International Inc.
• SICK AG, Teledyne Technologies, Inc.
• The Emerson Electric Company
• Modcon Systems Ltd
• Yokogawa Electric Corp.
• INFICON, Inc
• Applied Analytics, Inc.
• BB Ltd. ,
• Teledyne Technologies, Inc.
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