In 2022, the market for process liquid analyzers is anticipated to be worth about US$3.0 billion. The demand for process liquid analyzers is expected to grow overall between 2022 and 2028 at a moderate CAGR of 5.9%, reaching a valuation of more than US$ 4.22 Bn. This is due to process liquid analyzers being increasingly adopted across a variety of industries, including oil & petrochemicals, water & wastewater treatment, and food & beverages.
Major industries are using liquid and gas analyzers in their processes due to the increased demand for improving the quality of liquid products. This is accelerating the market for process liquid analyzers. The adoption of liquid analyzers facilitates process optimization and enables experts to continuously monitor the parameters of liquids.
Regionally, North America will continue to dominate the global process liquid analyzer market, accounting for a major share of 25.5% in 2022. Rapid industrialization, surging oil & gas activities and increasing adoption of automatic liquid analyzers across diverse industries are some of the factors driving the North American process liquid analyzer market.
Chemicals, water and wastewater treatment, oil and petrochemicals, food and beverage manufacturing, healthcare and pharmaceuticals, and other industries all use process liquid analyzers extensively. The demand for process liquid analyzers is being fueled by the continued expansion of these end-use industries.
Industries are using industrial monitoring tools like process liquid analyzers as a result of a growing need to produce high-quality output while adhering to government-established standards and norms.
The oil and petrochemical industries, as well as the water and wastewater industries, have both experienced significant growth in recent years. The rapidly growing population and increasing consumption of fuels are compelling both government and non-government organizations to take various steps.
According to FMI, the United States will continue to be the most lucrative market in North America for process liquid analyzers. Rapid industrialization, the presence of major market players, and the implementation of government regulations aimed at maintaining high manufacturing standards are all factors contributing to the region’s growth.
With the quick development of new technologies, manufacturing sectors all over the United States are increasingly adopting automation to increase productivity. The use of monitoring tools like sensors and intelligent liquid analyzers is becoming standard across industries.
Europe is projected to hold nearly 19.0% of the global process liquid analyzer market dominated by the U.K in 2022.
Among the most popular liquid analyzers in a variety of industries, including food & beverage, chemicals, and agriculture, are process NIR-based liquid analyzers. Given that it requires little to no sample preparation, NIR analysis is a form of non-destructive technology.
The rising need for measuring various parameters of liquids such as pH and carbon content is expected to fuel the demand for NIR-based process liquid analyzers over the forecast period.
Key Players:
- ABB
- General Electric
- Danaher-Corporation Hach
- Schneider Electric
- Emerson Electric Co.,
- Endress+Hauser Management AG
- Novatech Analytical Solutions Inc.
- METTLER TOLEDO
- Suez, Applied Analytics Group BV
- Teledyne Analytical Instruments
- AMETEK Inc.
- Modcon Systems Ltd.
- Metrohm
- Xylem Inc.
