Market Research Report Covering the Scope of Liquid and Gas Materials Process Analyzers
Industry: Semiconductor Electronics
Published Date: May-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 298
Report ID: PMRREP33461
According to Persistence Market Research, the global market for process analyzers is expected to reach US$ 8.4 billion by 2023, growing at a CAGR of 6.8% in the coming years. As per market forecasts, the industry will reach US$ 16.2 billion by 2033.
Portability and accuracy are the major requirements when it comes to process analyzers. New portable analytical systems have been developed in response to the growing demand for reliable and easy-to-use process analyzers.
Due to high-speed analysis and the lower cost of handling processes offered by process analysis, these methods have gained a great deal of popularity in the handling of volatile organizational components.
Developing nations in are actively seeking to improve citizen health through clean water, they are creating a conducive environment for the growth of the global process analyzer market.
| Report Attributes | Details |
|---|---|
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Process Analyzer Market Size (2023) |
US$ 8.4 billion |
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Process Analyzer Projected Market Value (2033) |
US$ 16.2 billion |
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Process Analyzer Market CAGR (2023 to 2033) |
6.8% |
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United States Market Size (2023 to 2033) |
US$ 2.5 billion |
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China Market Size (2023 to 2033) |
US$ 4.1 billion |
As per PMR’s analysis, the process analyzer market expanded at a CAGR of 9.4% between 2018 and 2022. Analysts predict that between 2023 and 2033, the size of the market will increase by 6.8% worldwide.
The environmental regulations and sustainability initiatives are causing industries to invest in process analyzers for monitoring and controlling emissions, managing waste, and optimizing resources. For compliance with environmental standards, process analyzers measure and analyze parameters such as pollutants, greenhouse gases, and water quality.
Over the past few years, portable and miniaturized process analyzers have become increasingly popular. Compared to traditional analyzers, these compact models offer the advantage of on-site analysis, allowing real-time monitoring in remote locations or in the field. In addition, miniaturization helps reduce costs, facilitate user experience, and enhance mobility by improving the quality of output.
Emerging Demand in Industrial Settings and Pharmaceuticals are anticipated to Drive the Market
Process analyzers have been significantly impacted by the integration of the Internet of Things (IoT) and Industry 4.0 concepts. Data is being collected, analyzed, and shared across different systems using process analyzers that have been connected to industrial networks.
The pharmaceutics industry is under increasing pressure to produce quality drugs by following all safety guidelines. Due to the adoption of process analyzers to ensure the safety of drugs, several industries are paying more attention to drug safety, and this is causing a surge in demand for analytical equipment on the market.
The availability of large quantities of data from process analyzers has facilitated the adoption of advanced analytics techniques, including machine learning and artificial intelligence. With these technologies, businesses can make better use of historical and real-time data in order to create predictive models, detect anomalies, and optimize processes, leading to reduced costs and improved efficiency.
The growing prevalence of the water and wastewater treatment industries is expected to drive the demand for process analyzers. As urbanization continues to increase, the need for efficient water management solutions continues to grow.
Due to the increasing demand for safe water supply, the market for process analyzers continues to grow. Due to the high level of toxin contamination in wastewater, industries rely heavily on wastewater treatment. Growing demand for the automation process to reduce the loss caused by the manual process is also adding fuel for market growth.
Will Demand for Process Analyzer Develop in the North American Market?
Growth of Advanced Technologies is Expected to Increase Demand for Process Analyzers
North America is expected to dominate the market for process analyzers. By 2033, the North American process analyzer market is forecast to reach US$ 4,225.59 million.
The United States is the major country that is contributing the highest shares of the market. According to the PMR report, the process analyzer market will reach US$ 2.5 billion in 2033, growing at a CAGR of 5.6%. The popularity of advanced technology and the release of a wide variety of products are both major factors fueling the growth rate of the market.
Process analyzers are becoming increasingly popular in the United States as factors such as the need for improving production efficiency, quality control, regulatory compliance, and safety are driving the market demand. The need for accurate and real-time process analysis is becoming increasingly important as industries strive to improve their processes and improve the quality of their products.
Many industries in the United States have established processes that require continuous monitoring and analysis. For compliance with environmental regulations and quality standards, industries are often required to invest in advanced process analyzers. All these factors are expected to grow demand for process analyzers in the coming years.
How are Process Analyzers Sales faring in the Asia Pacific Region?
Growing Adoption of Automation and Growth of Chemical Industries to Grow the Market
The Asia Pacific region is expected to be the most popular market for process analyzers. The market for process analyzers is expected to reach US$ 7.8 billion in 2033.
Modernization has advanced rapidly, which has resulted in an increase in processes that control quality. In comparison to other regions, Asia Pacific is predicted to experience rapid growth of process analyzers due to the increased demand for oil and gas, pharmaceuticals, and other products in the region.
Consumption of oil has increased significantly as disposable income has increased, which has led to increased oil refinery production and expansion of the market. China, India, and Japan are expected to increase their usage of process analyzers & solutions over the forecast period.
As technology advances, factory processes, and industries are utilizing process analyzers at record-breaking rates. India, China, and Japan are leading the way. As labor and production costs are significantly lower in China and India than in other regions, the majority of global manufacturers manufacture their products exclusively in these regions.
In 2033, China is expected to generate US$ 4.1 billion in 2033. According to PMR, the market will capture approximately 52% of the market by 2033. The Chinese process analyzer market is expected to grow at a CAGR of 8.2% between 2023 and 2033.
Are Online Analysis Likely to Grow Demand for Process Analyzers?
Online Analysis is expected to Expand Growth in Coming Years
According to the type of analysis, the market can be segmented into online analysis, inline analysis, and a-tline analysis. The growing interest in customized and small batches is driving sales of online process analyzers. As per PMR, online analysis is likely to grow at a 6.5% CAGR between 2023 and 2033.
Assuring compliance with regulations is made easier with online analyzers that provide monitoring and traceability. Growing demand to eliminate the need to transport samples from a process to a separate location demand for online analysis is growing in the market. A smart investment in them can ensure that quality control is ensured at every stage of the refining process.
European and North American markets, in particular, are experiencing a growing demand for fast-turnaround customized products. As local manufacturers shift from basic products to specialized ones in emerging markets like China and India, the technology is also gaining traction.
How will End-User Industries Influence Process Analyzer Demand?
Water & Wastewater Industry Demand is expected to Grow throughout the Forecast Period
Increasing consumer awareness and growing demand for clean water have augmented use of process analyzers in the water & wastewater industry. The growing use of wastewater treatment, increased production of shale gas in the United States, industrialization in developing nations, and intense competition among manufacturers are the key factors driving the market.
As industrial wastewater has high particle density, high salt concentrations, and fluctuating loads, these systems will also be necessary because of toxic chemicals. As a result, the market will grow because of the increasing need for accurate wastewater analysis. KECO has developed chemical analyzers that are designed for handling real-time measurements and control of H2S in wastewater treatment plants using biodigestors.
Several technology companies are developing process analyzer devices on the market. A diverse range of products, excellent marketing efforts, and technological capabilities will result in a significant increase in market share. Innovative products can be created by combining strengths from different companies.
The development of new products and technologies is often the result of research and development. Enhancing existing products or creating new ones can help you gain an advantage over your competitors.
| Attribute | Details |
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Forecast Period |
2023 to 2033 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
US$ billion for Value |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Customization & Pricing |
Available upon Request |
By Analysis Type:
By Analyzing Material State:
By End-User Industry:
By Region:
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Globally, the process analyzer market was worth US$ 8.1 billion by 2022.
Process analyzer is expected to generate US$ 8.4 billion in revenue in 2023.
Globally, the process analyzer market is expected to reach US$ 16.2 billion by 2033.
The process analyzer market is expected to grow at a CAGR of 6.8% during the forecast period.
According to PMR, process analyzer revenue increased by 4.6% between 2018 and 2022.
By 2033, the chemical industry market will generate significant revenues at a CAGR of 6.3%.
Process analyzer market in Japan is expected to grow at 7% CAGR over the forecast period.
