According to the latest report by IMARC Group, titled “Process Analyzer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global process analyzer market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global process analyzer market reached a value of US$ 6.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.2 Billion by 2027, exhibiting at a CAGR of 6.55% during 2022-2027. A process analyzer refers to an electronic device used for determining the physical properties or chemical composition of substances involved in industrial processes. It also helps in analyzing the viscosity, pressure, boiling point, freezing point, color, etc., of the component. The liquid analyzers are utilized for monitoring process chemistry, including fluid quality, whereas the gas analyzers work by monitoring natural, industrial, and process gas streams. A process analyzer identifies critical quality attributes (CQA) and critical process parameters (CPPs) for ensuring enhanced results. Consequently, process analyzers are used across numerous industries, including chemical, oil and gas, pharmaceutical, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
Global Process Analyzer Market Trends:
The expanding petrochemical sector and the increasing demand for oxygen analysis for safe and efficient operations are primarily driving the process analyzer market. Additionally, the escalating usage of process analyzers for monitoring the mixtures of hydrocarbons and several gases, such as carbon dioxide and carbon monoxide, is further catalyzing the market growth. Apart from this, the rising product demand in the pharmaceutical industry for evaluating the porosity of solid drugs is also augmenting the global market. Moreover, the emerging trend of automation of manual inspection techniques to reduce losses caused by human errors is acting as another significant growth-inducing factor. Besides this, the growing requirement for improving industrial manufacturing processes to optimize the utilization of resources and reduce the amount of waste generated is anticipated to fuel the process analyzer market over the forecasted period.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ABB Group
- Inc.
- Cemtrex, Inc.
- Emerson Electric Co.
- Endress+Hauser Group Services AG
- GE Analytical Instruments
- Hach Lange GmbH
- Honeywell International Inc.
- Mettler-Toledo International Inc.
- Schneider Electric Industries
- Siemens AG
- Teledyne Technologies International Corp.
- Thermo Fisher Scientific Inc.
- Yokogawa Electric Corporation
Breakup by End-Use Industry:
- Liquid Analyzer
- Power
- Water and Wastewater Treatment
- Gas Analyzer
- Oil and Gas
Breakup by Product Type:
- Liquid Analyzer
- Gas Analyzer
- Electrochemical
- Zirconia
- Tunable Diode Laser
- Infrared
- Paramagnetic
- Catalytic
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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