ENG
Process Analyzer Market: Global Outlook Trends and Forecasts 2024-2030: Segmentation by Liquid Analyzer, Gas Analyzer, Industry and Region
Global Process Analyzer Market was valued US$ 10.60 Bn. in 2023 and is expected to reach a value of US$ 21.75 Bn. by 2030, with a CAGR of 10.81 % during the forecast period.
Format : PDF | Report ID : SMR_488
Process Analyzer Market Definition:
A process analyser is a device that analyses the chemical composition and physical properties of material in a process. Process optimization, asset protection, and compliance are all responsibilities of the process analyser.
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Process Analyzer Market Dynamics:
The growing demand for water and wastewater treatment facilities, as well as the growing competition among leading players in the market to deliver technologically advanced and better-quality goods, are expected to fuel the market's growth. In addition, the need for process analyzers in the oil and gas industries is likely to propel the market forward in the coming years. Furthermore, the equipment-assisted exact periodic measurement of chemical and physical characteristics of an industrial process is expected to contribute to process analyzer market growth.
Manufacturing robust analyzers that can endure severe industrial settings and high temperatures is expected to provide attractive market growth prospects in the future. Manufacturers are increasingly using analyzers to continuously check manufacturing processes in order to optimise resource utilisation and reduce waste generation. Manual inspection procedures are fast being phased out in order to prevent losses due to human mistake, which is propelling the process analyzer market forward.
The lack of skilled professionals capable of operating the process analyzer and its system, on the other hand, is a market restraint. Furthermore, manufacturers employ other low-cost sensor systems due to the high cost of process analyzers, hampering the expansion of the process analyzer market. However, as manufacturing sectors in emerging countries expand, the demand for process analyzers in process industries will increase, creating a significant opportunity for market growth during the forecast period.
Process Analyzer Market Segmentation:
Based on Liquid Analyzer, pH/ORP Analzyer segment dominated the process analyzer market, to reach US$ xx Bn. by 2027, with a CAGR of 5.40% during 2022-2027. This growth is driven by increasing adoption of pH/ORP analyzers across oil and gas industries globally. Furthermore, the pharmaceutical category is predicted to account for the biggest market share during the projection period, based on end-use industry. Process analyzers are an important aspect in the manufacturing of pharmaceutical products. The pharmaceutical sector must maintain product quality and adhere to medical drug rules and regulations, which necessitates the widespread usage of process analyzers, particularly during pandemics. These elements are predicted to drive the market segment's growth in the following years.
By Gas Analyzer, the Oxygen Analyzer segment is expected to reach highest CAGR of 10.12% over 2022-2027. The use of oxygen analyzers to determine the amount of oxygen in boilers, incinerators, and furnaces has increased significantly across various process industries, particularly pharmaceutical and petrochemical; such analyzers offer fast and accurate readings in high temperatures and corrosive atmospheres.
Key Developments:
Companies are involved in adopting sustainable strategies to gain competitive edges such as new product launch, product up gradation and collaborative agreements. For example:
- In 2021, ENDRESS+HAUSER launched new generation of liquid analysis sensor known ‘Memosen 2.0’ to improve the accuracy and reduce maintenance costs. The new Memosen 2.0’ technology is ideal for IIoT.
Process Analyzer Market Geographical Outlook:
APAC accounted for the largest process analyzer market share in 2021, with a market value of US$ xx Bn; the regional market is expected to register a CAGR of xx% during the 2022-2027. In countries such as China, India, and Japan, the use of process analyzers and solutions is predicted to grow substantially throughout the projection period. As a result of large-scale improvements and technological innovations in the manufacturing industry, the Asia Pacific market is expected to grow. In addition, the North American region is expected to have the highest share of the global market in 2030, followed by Europe and Asia Pacific. This can be attributed to the region's oil and gas sectors' increased technological improvements and expanding adoption of process analyzers.
North America is expected to reach at US$ xx Bn. by 2027 at a CAGR of 5.35% over forecast period. Thanks to increased technological advancements and expanding usage of process analyzers in the region's oil and gas industries, the United States and Canada are dominating the North American market. Another key reason driving the growth of the process analyzer market in the region is the expanding application areas of process analyzers across several industrial verticals such as pharmaceuticals, water & wastewater, power generation, and food & beverages, among others.
The objective of the report is to present a comprehensive analysis of the Process Analyzer Market to the stakeholders in the industry. The report provides trends that are most dominant in the Process Analyzer Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Process Analyzer Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Process Analyzer Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the global market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Process Analyzer Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Process Analyzer Market is aided by legal factors.
Process Analyzer Market Scope:
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Process Analyzer Market |
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Market Size in 2023 |
USD 10.60 Bn. |
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Market Size in 2030 |
USD 21.75 Bn. |
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CAGR (2024-2030) |
10.81% |
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Historic Data |
2018-2022 |
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Base Year |
2023 |
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Forecast Period |
2024-2030 |
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Segment Scope |
By Liquid Analyzer
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By Gas Analyzer
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By Industry
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Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Process Analyzer Market Major Players:
- ABB
- EMERSON
- SIEMENS
- ENDRESS+HAUSER
- YOKOGAWA ELECTRIC CORPORATION
- METTLER-TOLEDO
- SUEZ
- THERMO FISHER SCIENTIFIC
- AMETEK
- ANTON PAAR
- HACH
- SHIMADZU
- JUMO
- APPLIED ANALYTICS
- VEGA GRIESHABER
- OMEGA ENGINEERING
- SARTORIUS
- SCHMIDT+HAENSCH
- LEMIS BALTIC
- HORIBA
- BERTHOLD TECHNOLOGIES
- KYOTO ELECTRONICS
- MICHELL INSTRUMENTS
- SINAR TECHNOLOGY
- GOW MAC INSTRUMENTS
Frequently Asked Questions
The US will lead the Process Analyzer Market in North America in the future.
Major competitors of the market are EMERSON, ABB, and SIEMENS.
APAC is going to grow with the highest CAGR
The market size of the Process Analyzer Market by 2030 is US$ 21.75 Bn
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.1. Research Process
2.2. Global Process Analyzer Market: Target Audience
2.3. Global Process Analyzer Market: Primary Research (As per Client Requirement)
2.4. Global Process Analyzer Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1. Market Share Analysis, By Region, 2023-2030(In %)
4.1.1.1. North America Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.2. Europe Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.3. Asia Pacific Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.4. South America Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.5. Middle East and Africa Market Share Analysis, By Value, 2023-2030 (In %)
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.2. Market Restraints
4.2.3. Market Opportunities
4.2.4. Market Challenges
4.2.5. PESTLE Analysis
4.2.6. PORTERS Five Force Analysis
4.2.7. Value Chain Analysis
4.3. Global Process Analyzer Market Segmentation Analysis, 2023-2030 (Value US$ MN)
4.3.1.1. Global Market Share Analysis, By Liquid Analyzer, 2023-2030 (Value US$ MN)
4.3.1.1.1.pH/ORP Analzyer
4.3.1.1.2.Conductivity Analyzer
4.3.1.1.3.Turbidity Analyzer
4.3.1.1.4.Dissolved Oxyen Analyzer
4.3.1.1.5.Liquid Density Analzyer
4.3.1.1.6.MLSS Analyzer
4.3.1.1.7.TOC Analyzer
4.3.1.2. Global Market Share Analysis, By Gas Analyzer, 2023-2030 (Value US$ MN)
4.3.1.2.1.Oxygen Analyzer
4.3.1.2.2.Carbon Dioxide Analyzer
4.3.1.2.3.Moisture Analyzer
4.3.1.2.4.Toxic Gas Analyzer
4.3.1.2.5.Hydrogen Sulfide Analyzer
4.3.1.3. Global Market Share Analysis, By Industry, 2023-2030 (Value US$ MN)
4.3.1.3.1.Oil & Gas
4.3.1.3.2.Petrochemicals
4.3.1.3.3.Pharmaceuticals
4.3.1.3.4.Water & Wasterwater
4.3.1.3.5.Power
4.3.1.3.6.Food & Beverages
4.3.1.3.7.Paper & Pulp
4.3.1.3.8.Metals & Mining
4.3.1.3.9.Cement & Glass
4.3.1.3.10.Others
4.4. North America Process Analyzer Market Segmentation Analysis, 2023-2030 (Value US$ MN)
4.4.1.1. North America Market Share Analysis, By Liquid Analyzer, 2023-2030 (Value US$ MN)
4.4.1.1.1.pH/ORP Analzyer
4.4.1.1.2.Conductivity Analyzer
4.4.1.1.3.Turbidity Analyzer
4.4.1.1.4.Dissolved Oxyen Analyzer
4.4.1.1.5.Liquid Density Analzyer
4.4.1.1.6.MLSS Analyzer
4.4.1.1.7.TOC Analyzer
4.4.1.2. North America Market Share Analysis, By Gas Analyzer, 2023-2030 (Value US$ MN)
4.4.1.2.1.Oxygen Analyzer
4.4.1.2.2.Carbon Dioxide Analyzer
4.4.1.2.3.Moisture Analyzer
4.4.1.2.4.Toxic Gas Analyzer
4.4.1.2.5.Hydrogen Sulfide Analyzer
4.4.1.3. North America Market Share Analysis, By Industry, 2023-2030 (Value US$ MN)
4.4.1.3.1.Oil & Gas
4.4.1.3.2.Petrochemicals
4.4.1.3.3.Pharmaceuticals
4.4.1.3.4.Water & Wasterwater
4.4.1.3.5.Power
4.4.1.3.6.Food & Beverages
4.4.1.3.7.Paper & Pulp
4.4.1.3.8.Metals & Mining
4.4.1.3.9.Cement & Glass
4.4.1.3.10.Others
4.4.1.4. North America Market Share Analysis, By Country, 2023-2030 (Value US$ MN)
4.4.1.4.1.US
4.4.1.4.2.Canada
4.4.1.4.3.Mexico
4.5. Europe Process Analyzer Market Segmentation Analysis, 2023-2030 (Value US$ MN)
4.5.1.1. Europe Market Share Analysis, By Liquid Analyzer, 2023-2030 (Value US$ MN)
4.5.1.2. Europe Market Share Analysis, By Gas Analyzer, 2023-2030 (Value US$ MN)
4.5.1.3. Europe Market Share Analysis, By Industry, 2023-2030 (Value US$ MN)
4.5.1.4. Europe Market Share Analysis, By Country, 2023-2030 (Value US$ MN)
4.5.1.4.1.UK
4.5.1.4.2.France
4.5.1.4.3.Germany
4.5.1.4.4.Italy
4.5.1.4.5.Spain
4.5.1.4.6.Sweden
4.5.1.4.7.Austria
4.5.1.4.8.Rest Of Europe
4.6. Asia Pacific Process Analyzer Market Segmentation Analysis, 2023-2030 (Value US$ MN)
4.6.1.1. Asia Pacific Market Share Analysis, By Liquid Analyzer, 2023-2030 (Value US$ MN)
4.6.1.2. Asia Pacific Market Share Analysis, By Gas Analyzer, 2023-2030 (Value US$ MN)
4.6.1.3. Asia Pacific Market Share Analysis, By Industry, 2023-2030 (Value US$ MN)
4.6.1.4. Asia Pacific Market Share Analysis, By Country, 2023-2030 (Value US$ MN)
4.6.1.4.1.China
4.6.1.4.2.India
4.6.1.4.3.Japan
4.6.1.4.4.South Korea
4.6.1.4.5.Australia
4.6.1.4.6.ASEAN
4.6.1.4.7.Rest Of APAC
4.7. South America Process Analyzer Market Segmentation Analysis, 2023-2030 (Value US$ MN)
4.7.1.1. South America Market Share Analysis, By Liquid Analyzer, 2023-2030 (Value US$ MN)
4.7.1.2. South America Market Share Analysis, By Gas Analyzer, 2023-2030 (Value US$ MN)
4.7.1.3. South America Market Share Analysis, By Industry, 2023-2030 (Value US$ MN)
4.7.1.4. South America Market Share Analysis, By Country, 2023-2030 (Value US$ MN)
4.7.1.4.1.Brazil
4.7.1.4.2.Argentina
4.7.1.4.3.Rest Of South America
4.8. Middle East and Africa Process Analyzer Market Segmentation Analysis, 2023-2030 (Value US$ MN)
4.8.1.1. Middle East and Africa Market Share Analysis, By Liquid Analyzer, 2023-2030 (Value US$ MN)
4.8.1.2. Middle East and Africa Market Share Analysis, By Gas Analyzer, 2023-2030 (Value US$ MN)
4.8.1.3. Middle East and Africa Market Share Analysis, By Industry, 2023-2030 (Value US$ MN)
4.8.1.4. Middle East and Africa Market Share Analysis, By Country, 2023-2030 (Value US$ MN)
4.8.1.4.1.South Africa
4.8.1.4.2.GCC
4.8.1.4.3.Egypt
4.8.1.4.4.Nigeria
4.8.1.4.5.Rest Of ME&A
Chapter 5 Stellar Competition Matrix
5.1.1. Global Stellar Competition Matrix
5.1.2. North America Stellar Competition Matrix
5.1.3. Europe Stellar Competition Matrix
5.1.4. Asia Pacific Stellar Competition Matrix
5.1.5. South America Stellar Competition Matrix
5.1.6. Middle East and Africa Stellar Competition Matrix
5.2. Key Players Benchmarking
5.2.1. Key Players Benchmarking By Liquid Analyzer, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
5.3. Mergers and Acquisitions in Industry
5.3.1. M&A by Region, Value and Strategic Intent
Chapter 6 Company Profiles
6.1. Key Players
6.1.1. ABB LTD
6.1.1.1. Company Overview
6.1.1.2. Source Portfolio
6.1.1.3. Financial Overview
6.1.1.4. Business Strategy
6.1.1.5. Key Developments
6.1.2.EMERSON
6.1.3.SIEMENS
6.1.4.ENDRESS+HAUSER
6.1.5.YOKOGAWA ELECTRIC CORPORATION
6.1.6.METTLER-TOLEDO
6.1.7.SUEZ
6.1.8.THERMO FISHER SCIENTIFIC
6.1.9.AMETEK
6.1.10.ANTON PAAR
6.1.11.HACH
6.1.12.SHIMADZU
6.1.13.JUMO
6.1.14.APPLIED ANALYTICS
6.1.15.VEGA GRIESHABER
6.1.16.OMEGA ENGINEERING
6.1.17.SARTORIUS
6.1.18.SCHMIDT+HAENSCH
6.1.19.LEMIS BALTIC
6.1.20.HORIBA
6.1.21.BERTHOLD TECHNOLOGIES
6.1.22.KYOTO ELECTRONICS
6.1.23.MICHELL INSTRUMENTS
6.1.24.SINAR TECHNOLOGY
6.1.25.GOW MAC INSTRUMENTS
6.2. Key Findings
6.3. Recommendations
