In-Line Process Viscometer (ILPV) Market Forecasts to 2030 – Global Analysis By Technology (Torsional Oscillation, Rotational, Vibration, Coriolis, Moving Piston, Dynamic Fluid Pressure, Acoustic Wave (Solid-State) and Other Technologies), Application, En

In-Line Process Viscometer (ILPV) Market Forecasts to 2030 – Global Analysis By Technology (Torsional Oscillation, Rotational, Vibration, Coriolis, Moving Piston, Dynamic Fluid Pressure, Acoustic Wave (Solid-State) and Other Technologies), Application, End User and By Geography

According to Stratistics MRC, the Global In-Line Process Viscometer (ILPV) Market is accounted for $215.7 million in 2023 and is expected to reach $379.3 million by 2030 growing at a CAGR of 8.4% during the forecast period. An In-Line Process Viscometer (ILPV) is a real-time monitoring device used in industrial processes to measure the viscosity of fluids flowing through pipelines. It provides continuous data on viscosity, crucial for maintaining quality control and optimizing process efficiency. ILPVs employ various principles such as vibration, rotational, or capillary-based methods to determine viscosity accurately. They offer benefits such as non-intrusive installation, minimal maintenance, and compatibility with a wide range of fluids including corrosive or abrasive substances.

According to the International Energy Agency’s June 2022 report, the global oil demand was anticipated to reach 101.6 million (b/d) in 2023, which is higher than the pre-pandemic demand.

Market Dynamics:

Driver:

Increasing consumer demands for high-quality products

In-Line Process Viscometers (ILPVs) as essential tools for ensuring consistent product quality during manufacturing. ILPVs enable real-time monitoring and control of viscosity, facilitating precise adjustments to production processes to meet quality standards. As industries strive to meet consumer expectations for product reliability and consistency, the demand for ILPVs continues to rise, driving market growth. Manufacturers invest in ILPV technology to enhance quality control measures, minimize production variations, and maintain competitiveness in the market.

Restraint:

Complexity of installation and maintenance

High installation costs and the need for specialized expertise may deter potential buyers, particularly small and medium-sized enterprises (SMEs). Additionally, ongoing maintenance requirements, including calibration and troubleshooting, can increase operational expenses and resource allocation. This complexity may slow down adoption rates and limit market penetration, especially in industries with limited technical capabilities or budget constraints hamper the growth of the market.

Opportunity:

Increasing automation and industry 4.0 trends

Integration of in-line process viscometer (ILPV) into automated manufacturing systems enables real-time viscosity monitoring and control, facilitating efficient production processes. As industries embrace smart manufacturing technologies, there is a growing need for ILPVs equipped with features such as wireless connectivity and data analytics capabilities. This trend enhances productivity, optimizes resource utilization, and enables predictive maintenance, fostering widespread adoption of in-line process viscometer (ILPV) across diverse industrial sectors.

Threat:

Concerns regarding measurement accuracy and reliability

Uncertainty about the precision of viscosity measurements may undermine trust in ILPVs, leading to hesitancy among potential buyers to invest in these systems. Industries reliant on precise viscosity data, such as pharmaceuticals and food processing, may opt for alternative measurement methods or delay adoption of in-line process viscometer until these concerns are addressed. Negative perceptions regarding accuracy and reliability can impede market growth.

Covid-19 Impact

While disruptions in supply chains and temporary shutdowns of manufacturing facilities initially hampered market growth, increased focus on maintaining product quality and efficiency in essential industries like pharmaceuticals, food & beverages, and chemicals drove the adoption of ILPV systems. Remote monitoring capabilities and the need for contactless measurement solutions further accelerated demand. However, economic uncertainties and budget constraints in some sectors restrained market expansion.

The torsional oscillation segment is expected to be the largest during the forecast period

The torsional oscillation segment is estimated to have a lucrative growth, due to the presence of torsional oscillation in the fluid flow can introduce fluctuations in viscosity readings, leading to inaccurate process control and potential quality issues in manufacturing. As a result, there may be increased demand for advanced ILPV systems equipped with features to mitigate the effects of torsional oscillation, such as improved sensor technology and signal processing algorithms. Manufacturers may also seek consulting services and expertise to optimize ILPV installations for mitigating torsional effects, driving growth in specialized segments of the ILPV market.

The quality control & assurance segment is expected to have the highest CAGR during the forecast period

The quality control & assurance segment is anticipated to witness the highest CAGR growth during the forecast period, as it plays a crucial role in real-time viscosity monitoring, enabling immediate adjustments to maintain quality. As demand for stringent quality control increases, so does the requirement for accurate and reliable ILPV systems. This drives innovation in ILPV technology, prompting manufacturers to develop advanced features such as higher precision sensors and integrated data analytics. Additionally, companies invest in ILPVs as part of comprehensive quality assurance strategies, boosting market growth.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the increasing automation in manufacturing processes, and stringent quality control regulations across industries such as chemicals, oil & gas, food & beverages, pharmaceuticals, and others. The Asia Pacific region, comprising countries like China, India, Japan, South Korea, Australia, and others, is experiencing rapid industrial growth, particularly in sectors such as chemicals, petrochemicals, and food processing, which are significant users of in-line process viscometers.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to factors such as technological advancements, increasing adoption of automation in manufacturing processes, and stringent quality control regulations across various industries. Additionally, key market players in the North America ILPV market include established global companies as well as local manufacturers offering a wide range of products catering to the diverse needs of industries in the region. These players invest heavily in research and development activities to introduce innovative solutions and stay competitive in the market.

Key players in the market

Some of the key players in the In-Line Process Viscometer (ILPV) Market include Analytical Technology and Control Ltd (ATAC), Anton Paar, Atac, BARTEC Top Holding GmbH, Brabender Gmbh & Co. Kg, Brookfield Engineering, Cambridge Viscosity, Emerson Electric Co., Endress+Hauser Group Services AG, Fuji Ultrasonic Engineering Co., ltd., Hydramotion Ltd., Lamy Rheology, Norcross, Orb Instrument Inc, ProRheo, Sofraser, VAF Instruments and Werbeagentur Johnson

Key Developments:

In January 2024, ComEx Global is a flexible control and signaling device system. It consists of modular complete devices, which are available in single, double and triple sizes in GRP and stainless steel enclosures. This product upgrade allowed new possibilities of customization. ComEx portfolio can now be used in several applications and international plants thanks to its new available certifications.

In October 2023, Emerson Completes Acquisition of NI, Advancing Global Automation Leadership. The acquisition of NI advances Emerson’s position as a global automation leader and expands its opportunity to capitalize on key secular trends like nearshoring, digital transformation, and sustainability and decarbonization.

Technologies Covered:
• Torsional Oscillation
• Rotational
• Vibration
• Coriolis
• Moving Piston
• Dynamic Fluid Pressure
• Acoustic Wave (Solid-State)
• Other Technologies

Applications Covered:
• Quality Control & Assurance
• Process Monitoring & Control
• Environmental Monitoring
• Other Applications

End Users Covered:
• Pharmaceutical
• Petroleum
• Food & Beverages
• Chemical
• Cosmetics & Personal Care
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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 2021, 2022, 2023, 2026, and 2030
- 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