Process Analyzer Market worth $4.9 Billion by 2020
DALLAS, April 15, 2014 /PRNewswire/ –
According to a new market research report the “Process Analyzer Market by Segments
(Gas Analyzers, Liquid Analyzers), Types (Electrochemical, Infrared, Paramagnetic,
Zirconia, MOS, Laser, Catalytic, PID, Conductivity, Dissolved Oxygen, Turbidity, Titro,
and TOC) & Geography – Global Trends & Forecast to 2014 – 2020″, published by
MarketsandMarkets, the market is expected to grow at a CAGR of 5.6% from 2014 to 2020, and
reach $4.9 Billion in 2020.
Browse 92 market data tables 31 figures spread through 300 pages and in-depth TOC on
“Process Analyzer Market – Global Trends & Forecast to 2014 – 2020″
Early buyers will receive 10% customization on this reports.
Process analyzers are highly sophisticated instruments that can identify the chemical
composition of compounds present in the process stream, and measure the concentration of
the elements identified in the composition. The process analyzer industry has been in
existence since the 1930s and is a combination of disciplines like analytical chemistry,
process chemistry, process engineering, and multivariate data analysis. They find
applications in measurement, quality control, process optimization, and safety control.
This report covers the process industry on the basis of products, applications, and
geography. The segmentation by products includes gas analyzers, and liquid analyzers,
their subtypes and their future market potential. Of all the major products, the infrared
gas analyzer is expected to have the higher adoption rates for the mass market. The
segmentation by application includes industries such as chemical/petrochemical,
power/utility, water and wastewater treatment, pharmaceuticals, food and beverages, pulp
and paper, mining, and cement and glass. The geographical analysis covers Americas,
Europe, APAC, and ROW.
The major drivers for the Process Analyzer Market are the requirement for extremely
low-level trace component measurement, water and wastewater treatment, growth of
industries like oil, gas, petrochemicals, cement and glass, the increasing demand for
emission control, and many more. There are restraints in the market such as high initial
costs, restricted growth in developed counties, and fragmented market with too many
specialist suppliers that may inhibit the market growth. The increasing demand from
emerging economies is one of the key opportunities for the process analyzer market.
The major companies involved in process analyzer are ABB Ltd. (Switzerland), Emerson
Process Management (U.S.), Endress+Hauser (Switzerland), Siemens AG (Germany), Thermo
Fisher Scientific (U.S.), Yokogawa Electric Corporation (Japan), and more.
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