DUBLIN, February 16, 2022–(BUSINESS WIRE)–The “Process Analyzer Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.
The global process analyzer market reached a value of US$6.3 billion in 2021. Looking forward, the publisher expects the market to reach US$9.2 billion by 2027 , posting a CAGR of 6.55% in 2022-2027.
AMETEK Process Instruments
GE Analytical Instruments
Hach Lange GmbH
Teledyne Technologies International Corp.
Thermo Fisher Scientific
Keeping in mind the uncertainties of COVID-19, they continuously monitor and assess the direct and indirect influence of the pandemic on the various end-use industries. This information is included in the report as a major market contributor
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 of a product at the time of its manufacture. Liquid analyzers are used to monitor process chemistry, including fluid quality, while gas analyzer monitors industrial, natural and process gas streams. They can also withstand harsh environments and extreme weather conditions. Thanks to these advantages, process analyzers find many applications in the oil and gas, chemical, petrochemical and pharmaceutical industries.
The growing oil and gas industry represents one of the major drivers of market growth. In addition, there is a growing need for treatment plants because industrial wastewater is characterized by high concentrations of salts, particles and toxic chemicals, which are harmful to the environment. The increasing scarcity of water is catalyzing the need for wastewater treatment and disposal, which is also contributing to the growth of the market.
Additionally, manufacturers are increasingly adopting analyzers to continuously monitor production processes to optimize resource utilization and reduce the amount of waste generated. Manual inspection techniques are rapidly being replaced to reduce losses caused by human errors and in turn are giving impetus to market growth. Similarly, the adoption of process analysis tools by the pharmaceutical industry acts as a growth factor. Other factors including rapid automation of industrial processes coupled with favorable government policies aimed at ensuring better production and quality of industrial products are expected to further boost the market.
Answers to key questions in this report:
How has the global process analyzer market behaved so far and how will it behave in the coming years?
What are the major regional markets of the global process analyzer industry?
What has been the impact of COVID-19 on the Global Process Analyzers Market?
What is the market breakdown by product type?
What is the market breakdown based on end-use industry?
What are the different 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 major players?
How competitive is the global process analyzer industry?
Main topics covered:
2 Scope and methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Process Analyzers Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakdown by Product Type
7 Market Breakdown by End-Use Industry
8 Market Breakdown by Region
9 SWOT Analysis
10 Value chain analysis
11 Analysis of the five forces of carriers
12 Price Analysis
13 Competitive landscape
13.1 Market structure
13.2 Key Players
13.3 Profiles of Key Players
For more information on this report visit https://www.researchandmarkets.com/r/cfiqdq
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220216005606/en/
Laura Wood, Senior Press Officer
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