The latest market study conducted by Future Market Insights has unveiled promising projections for the global measurement technology in downstream processing industry. Valued at US$ 5.0 billion in 2022, the market is poised for a substantial growth trajectory, estimated to reach US$ 7.2 billion by 2028. This expansion reflects a robust Compound Annual Growth Rate (CAGR) of 6.1%.
This comprehensive analysis underscores the pivotal role measurement technology plays in the downstream processing sector, showcasing a steady and progressive ascent over the forecasted period.
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Commenting on the study, an industry analyst at Future Market Insights, expressed, “The remarkable growth forecasted for the global measurement technology in downstream processing industry underlines its pivotal role in advancing efficiency and accuracy within various sectors. This trajectory not only signifies technological advancements but also the increasing demand for precise measurement solutions across diverse industries.”
Key factors contributing to this anticipated growth include ongoing technological advancements, burgeoning demand for accuracy in manufacturing processes, and the continuous quest for optimizing operational efficiency across industries.
The comprehensive insights gleaned from this market study serve as a robust foundation for stakeholders, enabling informed decision-making and strategic planning. As the market continues its upward trajectory, companies within the measurement technology sphere are poised to capitalize on emerging opportunities and contribute to the evolving landscape of downstream processing.
Sensors Dominant Product Type in the Global Measurement Technology in Downstream Processing Market:
The global measurement technology in downstream processing market is segmented on the basis of product type into Sensors, Transmitters and Controllers, Sensor Housings, Cables and Connectors, and Buffers and Standard Reagents. Sensors are the widely adopted product type with an increased market share throughout the forecast period. Conductivity sensors and cell density sensors are two of the fastest growing sensor types. In 2022, the market volume of the sensors segment was pegged at 4,165.4 (‘000 units) and this is expected to increase to 8,094.9 (‘000 units) by 2028 end.
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Single Use to Remain the Most Preferred Modality in the Global Measurement Technology in Downstream Processing Market
On the basis of modality, the global market is segmented into Single Use and Reusable. The single use segment is the fastest growing modality type with a CAGR of 6.9%.
Biopharmaceutical Companies the Fastest Growing End Users of Measurement Technology in Downstream Processing:
The global market for measurement technology in downstream processing is segmented based on end user into Biopharmaceutical Companies, Food & Beverage Companies, Contract Manufacturing Organisations, Contract Research Organisations, Academic and Research Institutes, and Others. Biopharmaceutical companies are the largest end users of measurement technology in downstream processing, and this segment is slated to register a CAGR of 7.2% during the forecast period – the highest among all the end user segments of the global market. Food & beverage companies are the second largest end users of measurement technology in downstream processing, and this segment is expected to reach a market valuation of US$ 2,273.2 Million by 2027 end.
Western Europe Largest Regional Market for Measurement Technology in Downstream Processing:
The report studies the performance of the global measurement technology in downstream processing market across the key geographies of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa. The Western Europe regional market is the largest in terms of revenue, with an estimated market valuation to the tune of US$ 2,677.1 Million by the end of 2027. However, the Asia Pacific Excluding Japan measurement technology in downstream processing market is projected to witness the fastest growth rate of 8.3% between 2017 and 2027.
Major Key Players:
- Applikon Biotechnology Inc.
- Sartorius AG
- Broadley-James Corporation
- Thermo Fisher Scientific Inc.
- Hamilton Company
- Waters Corporation
- PreSens Precision Sensing GmbH
- PendoTECH LLC
- Endress+Hauser AG
- Mettler-Toledo International Inc.
- Metroglas AG
- Madison
- YSI
- Evoqua
- Sensorex
- Forbes
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Measurement technology in downstream processing market by Category:
By Product:
- Sensors
- pH Sensors
- Optical
- Electrochemical
- DO Sensors
- Optical
- Eelctrochemical
- Conductivity Sensors
- Cell Density Sensors
- pH Sensors
- Sensor Housings
- Transmitters & Controllers
- Cables & Connectors
- Buffers & Reagents
By Modality:
- Single-use
- Reusable
By End User:
- Pharmaceutical & Biotechnology Companies
- Food & Beverage Companies
- Contract Manufacturing Organizations
- Academic & Research Institutes
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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