Process Analyzer Market Forecasts to 2028 – Global Analysis By Form (Portable, Rackmount, Standard), Service (Pre-Sales, Post-Sales), Technology, Liquid Analyzer, Gas Analyzer, End User and By Geography
According to Stratistics MRC, the Global Process Analyzer Market is accounted for $6.00 billion in 2020 and is expected to reach $9.70 billion by 2028 growing at a CAGR of 6.2% during the forecast period. Increasing use of process analyzers in drug safety, fiscal policy measures by regional financial institutions, and rising demand for water & wastewater treatment are the major factors propelling the market growth. However, lack of skilled professionals and high infrastructure cost are hampering the market growth.
Process analyzers are automatic devices adapted to their environment and conceived for the continuous or periodical measurement of one or more physical or chemical parameters along an industrial process line. Process analysis can help identify critical process parameters (CPPs) and critical quality attributes (CQAs) to ensure that the result is quality by design (QbD). Process analysis will use different testing methods based on which parameters are being analyzed.
Based on gas analyzer, the oxygen analyzer segment is going to have a lucrative growth during the forecast period owing to the increase in adoption of the oxygen analyzers across various process industries, especially pharmaceutical and petrochemical, to determine the amount of oxygen in boilers, incinerators, and furnaces; such analyzers provide fast and accurate readings in high temperatures and corrosive atmospheres..
By geography, North America is going to have a lucrative growth during the forecast period due to the rising technological enhancements and growing adoption of process analyzers in oil & gas industries in the region. Additionally, the growing application areas of process analyzers across different industry verticals such as pharmaceuticals, water & wastewater, power generation, and food & beverages among others is another major factor driving the growth of the process analyzer market in the region.
Some of the key players profiled in the Process Analyzer Market include ABB Ltd, Advanced CAE, AMETEK Process Instruments, Applied Analytics, Inc, Cemtrex, Emerson Electric Co., Endress+Hauser AG, Hach Lange GmbH, Honeywell International, Inc, Labcompare, Mettler-Toledo International Inc, Modcon Systems, Siemens AG, Suez, Teledyne Technologies, Inc, Thermo Fisher Scientific, Inc, and Yokogawa Electric Corp.
Estimated Market Size in 2020:
USD 6.00 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 9.70 billion
Tables, Graphs& Figures
Form, Service, Technology, Liquid Analyzer, Gas Analyzer, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Tunable Diode Laser
Liquid Analyzers Covered:
• Ammonia Analyzers
• Chlorine Analyzers
• Conductivity Analyzers
• Dissolved Oxygen Analyzers
• Fluoride Analyzers
• Liquid Density Analzyer
• Mixed Liquor Suspended Solids (MLSS) Analyzer
• Near-Infrared Analyzers
• Potential of Hydrogen (pH) Analyzers
• Turbidity Analyzers
Gas Analyzers Covered:
• Carbon Dioxide Analyzer
• Hydrogen Sulfide Analyzer
• Moisture Analyzer
• Oxidation Reduction Potential (ORP) Analzyer
• Oxygen Analyzer
• Total Organic Carbon (TOC) Analyzer
• Toxic Gas Analyzer
End Users Covered:
• Cement & Glass
• Food & Beverages
• Iron & Steel Industries
• Metals & Mining
• Oil & Gas
• Paper & Pulp
• Power Generation and Transmission
• Semiconductor Processing
• Water & Wastewater
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Process Analyzer Market is majorly driven by increased use of process analyzer in drug safety, growing demand for water and wastewater treatment, and fiscal policy measures by regional financial institutions.
The oxygen analyzer segment is growing at a highest CAGR owing to the rise in adoption of the oxygen analyzers across various process industries, especially pharmaceutical and petrochemical, to determine the amount of oxygen in boilers.
North America dominated with a significant market share due to the factors such as growing application areas of process analyzers and rising technological enhancements across the region.
Asia Pacific market is growing at a highest CAGR owing to the large-scale advancements and technological innovations in the region.
Key players in Process Analyzer Market include ABB Ltd, Advanced CAE, AMETEK Process Instruments, Applied Analytics, Inc, Cemtrex, Emerson Electric Co., Endress+Hauser AG, Hach Lange GmbH, Honeywell International, Inc, Labcompare, Mettler-Toledo International Inc, Modcon Systems, Siemens AG, Suez, Teledyne Technologies, Inc, Thermo Fisher Scientific, Inc, and Yokogawa Electric Corp.
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