Process Analyzer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Process Analyzer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global process analyzer market size reached US$ 6.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.

Process analyzers are electronic tools used for the examination of various industrial processes. They primarily determine the chemical composition and physical properties of substances to enable process optimization and asset protection. They also analyze the liquid and gaseous content in a product at the time of manufacturing. The liquid analyzers are used for monitoring process chemistry including fluid quality, whereas the gas analyzer monitor industrial, natural and process gas streams. They can also withstand harsh environments and extreme climatic conditions. Owing to these benefits, process analyzers find extensive application across oil and gas, chemical, petrochemical and pharmaceutical industries.

The growing oil and gas industry represent one of the key factors driving the growth of the market. Furthermore, there is a growing need for wastewater treatment plants since the industrial wastewater is characterized by high concentrations of salts, particles and toxic chemicals, which are harmful to the environment. The increasing water shortage is catalyzing the need for the treatment and disposal of wastewater, which is also contributing to the market growth. Additionally, manufacturers are increasingly adopting analyzers to constantly monitor production processes for optimizing the usage of resources and reducing the amount of waste generated. Manual inspection techniques are rapidly being replaced to reduce losses caused by human errors and, in turn, is providing a thrust to the market growth. Similarly, the adoption of process analysis tools by the pharmaceutical industry is acting as a growth-inducing factor. Other factors, including rapid automation of industrial processes, coupled with the favorable government policies to ensure better production and quality of industrial products, are projected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global process analyzer market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and end-use industry.

Breakup by Product Type:

Liquid Analyzer by Type
pH Analyzers
Conductivity Analyzers
Dissolved Oxygen Analyzers
Turbidity Analyzers
Others
Gas Analyzer by Technology Type
Electrochemical
Zirconia
Tunable Diode Laser
Infrared
Paramagnetic
Catalytic
Others

Based on the product type, the market has been majorly segmented into gas analyzers and liquid analyzers. Liquid analyzers currently account for the highest market share.

Breakup by End-Use Industry:

Liquid Analyzer
Power
Water and Wastewater
Pharmaceuticals
Chemicals
Oil and Gas
Food and Beverage
Others
Gas Analyzer
Oil and Gas
Power
Chemicals
Food and Beverage
Pharmaceuticals
Others

Based on the end-use industry, power represent the major end-use industries for the liquid analyzers, while, oil and gas represent as the largest end-use industry for the gas analyzers.

Breakup by Region:

Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
North America
United States
Canada
Middle East and Africa
Turkey
Saudi Arabia
Iran
United Arab Emirates
Others
Latin America
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others

On the geographical front, North America currently represents the biggest market for process analyzers.

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ABB, AMETEK Process Instruments, Cemtrex Inc., Emerson Electric, Endress+Hauser AG, GE Analytical Instruments, Hach Lange GmbH, Honeywell, Mettler Toledo, Schneider Electric, Siemens AG, Teledyne Technologies International Corp., Thermo Fisher Scientific, Yokogawa Electric, etc.

IMARC Group’s latest report provides a deep insight into the global process analyzer market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the process analyzer industry in any manner.

Key Questions Answered in This Report:
How has the global process analyzer market performed so far and how will it perform in the coming years?
What are the key regional markets in the global process analyzer industry?
What has been the impact of COVID-19 on the global process analyzer market?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the end-use industry?
What are the various stages in the value chain of the global process analyzer industry?
What are the key driving factors and challenges in the global process analyzer industry?
What is the structure of the global process analyzer industry and who are the key players?
What is the degree of competition in the global process analyzer industry?