Process Liquid Analyser Market is slated to reach a valuation of about US$ 4 Bn by 2028

According to a new research study by Future Market Insights (FMI), the process liquid analyser market is slated to reach a valuation of about US$4 Bn by 2028. From an estimated value of just under US$2.4 Bn in 2018, this indicates a decadal growth rate of 5.8% from 2018 to 2028. Mass urbanisation across the globe brought about by rapid industrialisation has resulted in a sustained need for clean, potable water and wastewater treatment.

The governments of emerging economies, particularly in the Asia Pacific, are beefing up investments in water and wastewater treatment infrastructure to meet the rising demands of the population. Future Market Insights predicts a lucrative opportunity for new revenue generation in the process liquid analyser market as a direct consequence of these investments.

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Process Liquid Analyzer Market: Drivers and Trends 

The global process liquid analyzer market is expected to witness a robust growth rate in the coming years. The unique benefits offered by process liquid analyzers for process integrity management and product quality control are driving the process liquid analyzer market across the globe.

Additionally, the increasing demand from end-use sectors, particularly water treatment, food & beverage and chemical, is also aiding the market growth of process liquid analyzers. While countries such as the U.S., the U.K., Germany, and China have solid demand for process liquid analyzers, new growth avenues are opening up in regions such South East Asia Pacific and the Middle East & Africa as well.

Process Liquid Analyzer Market: Market Participants 

Some of the prominent players reported in the global process liquid analyzer market study include Emerson Electric, Yokogawa Electric, Endress+Hauser and Danaher Corporation (Hach), among others. New product launches, expansion of manufacturing and sales footprint and acquisitions are some of the key developments observed in the global process liquid analyzer market.

Key Segments Covered

By Technology,

  • NIR Based
  • NMR Based
  • ECD Sensor Based
  • Laser Based

By Liquid Medium,

  • Water
  • Oil
  • Other Chemicals & Liquids

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By Product,

  • pH & ORP (Oxidation-Reduction Potential) Analyzers
  • Conductivity Analyzers
  • MLSS (Mixed Liquor Suspended Solids) & Turbidity Analyzers
  • Liquid Density Analyzers
  • Chlorine Analyzers
  • Dissolved Oxygen Analyzers
  • Total Sulfur & Nitrogen Analyzers
  • Oil in Water Analyzers
  • TOC Analyzers
  • Heavy Aromatics Analyzers

By Display,

  • Analog
  • Digital

By End Use,

  • Oil & Petrochemicals
  • Water & Wastewater Treatment
  • Food & Beverages
  • Chemicals
  • Medical & Pharmaceutical
  • Others

By Region,

  • North America
  • Western Europe
  • South East Asia & Pacific
  • Latin America
  • Eastern Europe
  • Middle East and Africa
  • China
  • Japan
  • India

Revenue Pullers in the Process Liquid Analyser Market

While the need to enhance industrial operational efficiencies and ensure consistent integrity of industrial processes is driving the process liquid analyser market, there are certain factors that are restricting revenue growth. Process liquid analysers come with very low replacement rates, requiring the replacement of the product after a span of several years. Product longevity acts as a bane in subsequent replenishments, thereby restraining replacement revenue growth to some extent. Then again, the initial setup costs associated with process liquid analysers could be very high, depending on the end-use application. Complex process liquid analysers used in some of the crucial industrial processes may require high capital investments. This factor is also expected to act as a hindrance to revenue growth of the global process liquid analyser market.

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FMI Projections and Forecasts of the Process Liquid Analyser Market

  • The process liquid analyser market is estimated to generate incremental $ opportunity to the tune of about US$ 1.8 Bn in the next 10 years
  • Process liquid analysers deploying NIR technology are slated to have the widest application
  • TOC analysers to dominate the global market through 2028; pH & ORP analysers to witness fastest growth owing to increasing application across several end-use industries
  • Process liquid analysers with digital displays to hold largest market share in the coming decade
  • Demand from the water and wastewater treatment sector will witness fastest growth during the period 2018 – 2028; this is also the largest revenue generating end-use sector in the global market
  • North America to remain dominant regional market for process liquid analysers through 2028; China and India to remain top regional markets in terms of demand for process liquid analysers

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