Research Nester released a report titled “Process Analyzers Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global process analyzers market in terms of market segmentation by type, end-use industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global process analyzers market is projected to grow with a moderate CAGR during the forecast period, i.e., 2022-2030 on account of the growing need for process analyzers in pharmaceutical and oil and gas industries. In addition, increasing competition among prominent market players to offer premium quality products is also projected to drive market growth in the coming years.
The market is segmented by type and end-use industry. On the basis of type, the global process analyzers market is segmented into pH/ORP analyzers, conductivity analyzers, chlorine analyzers, liquid density analyzers, MLSS analyzers, TOC analyzers, out of which, the pH/ORP analyzers segment is expected to grow at the highest rate during the forecast period. This can be attributed to the increasing adoption of pH/ORP analyzers across many industries, especially oil and gas.
The market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Amongst these, the market in North America is projected to hold the largest share over the forecast period, which can be credited to the increasing technological advancements and growing adoption of process analyzers in the region’s oil and gas, and pharmaceutical industries.
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Increasing Demand for Water & Wastewater Treatment Plants to Drive the Market Growth
Over the last few years, there is a hike in demand for efficient water & wastewater treatment plants across the globe. This is giving rise to the growing need for robust analyzers that can withstand harsh industrial environments and high temperatures, which in turn is evaluated to boost market growth in the near future.
However, high installation and maintenance costs of process analyzers is predicted to hinder the growth of the global process analyzer market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global process analyzers market which includes company profiling of ABB Ltd., AMETEK Process Instruments, Applied Analytics, Inc., Endress+Hauser AG, Emerson Electric Co., Mettler-Toledo International Inc., Siemens AG, Thermo Fisher Scientific, Inc., Yokogawa Electric Corp, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global process analyzers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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