Process Analyzer Market - By Type (Swept-tuned Analyzer, Real-time Analyzer), By Mode (Liquid Analyzer, Gas Analyzer), By End-use Industry (Chemical, Food & Beverages, Oil & Gas, Paper & Pulp, Petrochemical, Pharma, Water & Wastewater) & Forecast, 2023 – 2032

Process Analyzer Market Size

Process Analyzer Market size was valued at over USD 6.9 billion in 2022 and is anticipated to grow at a CAGR of over 5% between 2023 and 2032.

The process analyzer is an automatic device which is used for the continuous or periodic measurement of physical or chemical parameters in any industrial process. It helps to analyze the chemical composition, viscosity, boiling and freezing point, pressure and other physical properties as the product goes through processing. It uses different test methods such as critical quality attributes (CQAs) and critical process parameters (CPPs) to test a sample and identify product contamination. Moreover, there is a rise in demand for process analyzers, as the demand for personalized medicines, and drug development, is increasing in the market. Pharmaceutical companies are using process analyzers for high-throughput screening, artificial intelligence technology and computational biology for drug development processes. For instance, on June 24, 2022, Process Insights, a company in the portfolio of Union Park Capital, declared the acquisition of the Process Analyzer business's assets from Schneider Electric. The Schneider Electric’s process analyzer will help to deliver premium solutions to global companies which are serving diverse industries and process applications including biotechnology, pharmaceuticals, chemical, metals, energy, and other markets.

Process analyzers are carefully designed instruments which can monitor the parameters precisely within different industrial processes. For correct setting of the analyzers, calibration experts and other technology experts are required, who can install and integrate them seamlessly into existing control systems. Moreover, process analyzers also require periodic calibration and regular maintenance for the continuous operations and hence require specialized skilled employees. However, such challenges and complexities are involved during the installation and operation of process analyzers.

COVID-19 Impact

Due to the Covid-19 pandemic, many manufacturing and product development factories were closed, which impacted the demand and supply chain disruption delayed the delivery and shipment of process analyzers. Moreover, the process analyzers witnessed a surge in demand from the healthcare and pharmaceutical industries, as they were focusing on developing new drugs, vaccines, and medical devices. Post Covid, many industrial facilities were adopting process analyzers for remote monitoring and control of production processes from a distance.

Process Analyzer Market Trends

Process analyzers are used to control and monitor industrial processes for ensuring production of high-quality and efficient products. During the production process, they also analyze the gaseous and liquid content of the product. They can analyze toxic chemicals, salts and other particles that are considered harmful, and hence, it is widely used in wastewater treatment and water management solutions. As there is an increasing demand for safe drinking water, the requirement for wastewater treatment is also rising. Many governments and private companies are investing in wastewater treatment and wastewater management, in order to provide safe drinking water. The wastewater treatment requires different types of process analyzers for monitoring the chemical and other waste presence in the water, which enhances the growth of the process analyzes. Moreover, there is a high demand for water in the food and beverage industry which has propelled the adoption of gas and liquid process analyzers along with advanced controlling features.

Increasing adoption of remote sensing and monitoring solutions by various industries such as pharmaceuticals, petrochemicals, wastewater treatment and others, for real-time process control, monitoring and data collection is driving the growth of the process analyzer market. In the petrochemicals sector, process analyzers are utilized for real-time remote monitoring and optimization of carbon and other harmful gas emissions, in order to meet the strict environmental regulations. Moreover, integration of artificial intelligence in manufacturing processes is also enhancing the demand of process analyzers, as the automated manufacturing processes that are equipped with analyzers can constantly monitor chemical and other liquid composition, temperature, pressure and other details. Such real-time and precise data reduces waste, increases throughput and improves resource allocation.

 Process Analyzer Market Analysis 

Based on mode, the market is segmented into liquid analyzer and gas analyzer. The liquid analyzer is further categorized into conductivity analyzer, liquid density analyzer, MLSS analyzer, pH analyzer, turbidity analyzer and toc analyzer, and gas analyzers are categorized into carbon dioxide analyzer, hydrogen sulphide analyzer, moisture analyzer, oxygen analyzer and toxic gas analyzer.

• The liquid analyzer segment dominated the market for the base year 2022, by presenting over 50% market share in the market.
   
• In the liquid analyzer segment, the MLSS analyzer is expected to witness the fastest growth in the future, due to increasing use of the MLSS analyzer in different wastewater treatment processes, as it is used for monitoring microorganism concentrations in sludge and optimizing the treatment process.

Based on end-use industry, the market is divided into chemicals, food & beverages, oil & gas, paper & pulp, petrochemical, pharmaceuticals, water & wastewater and other industries. The pharmaceutical segment held a dominant market share in 2022 and is anticipated to register a CAGR of 5% up to 2032.
 

• The process analyzers are widely used in the pharmaceutical sector for monitoring a range of liquids and gases in the process and for the requirement of tough quality of pharmaceutical products. They are also used for new drug delivery, and medical device development.
   
• With dedicated guidelines and strong quality control, the analyzers enhance the pharmaceutical processes and further elevates the complete efficiency of operations. However, the pharmaceutical segment contributes to the overall growth of the market.

Asia Pacific dominated the global process analyzer market with a share of over 30% in 2022. The rising adoption of process analyzer solutions in the Asia Pacific region for a high manufacturing base in different sectors. Several industry-leading companies in pharmaceuticals, consumer electronics, mining and refining, and others have shifted their manufacturing facilities to Asia Pacific due to access to proficient employees and cost-effective labor. Moreover, due to rapid industrial expansion, several nations on the continent are facing environmental challenges and hence the process analyzer plays an important role in controlling emissions and monitoring wastewater treatments. Furthermore, the demand for process analyzers is also increasing in the Asia Pacific energy sector, including natural gas, renewable sources and non-renewable sources like coal, in order to optimize combustion, and use quality water for power generation.
 

Process Analyzer Market Share

The players in the process analyzer industry focus on implementing different growth strategies to strengthen their offerings and expand the market reach. The strategies involve new product development and launches, partnerships and collaborations, mergers and acquisitions, customer retentions and others. These players are also heavily investing in their research and development in order to introduce innovative and technologically advanced solutions in the process analyzer industry. Some of the major players operating in the process analyzer industry are mentioned below,  

• ABB Ltd.
• Ametek. Inc.
• Applied Analytics, Inc.
• Emerson Electric Co.
• Endress+Hauser Group Services AG
• Mettler Toledo
• Siemens AG
   

Process Analyzer Industry News:

• In December 2022, ABB Ltd. launched a process analyzer “Sensi+™” for monitoring natural gas quality. It is used for continuous contaminants (i.e. CO2, H2O and H2S) measurements in natural gas streams. The laser-based technology in the product can provide rapid response, by eliminating false readings for reliable process control. The product is also designed to be used in hazardous and remote locations.
   
• In November 2022, Mettler Toledo introduced an “Easy Vis” analyzing solution for the liquid samples. The Easy Vis is used for evaluating the water characteristics, color and optical spectrum of the sample. It has three functionalities, such as water testing methods, a spectrophotometer, and a colorimeter in a single instrument.
   

The process analyzer market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032 for the following segments:

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By Type

• Swept-tuned Analyzer
• Real-time Analyzer

By Mode

• Liquid Analyzer
• Conductivity Analyzer
• Liquid Density Analyzer
• MLSS Analyzer
• PH Analyzer
• Turbidity Analyzer
• TOC Analyzer 
• Gas Analyzer
• Carbon Dioxide Analyzer
• Hydrogen Sulphide Analyzer
• Moisture Analyzer
• Oxygen Analyzer
• Toxic Gas Analyzer

By End-use Industry

• Chemical
• Food & Beverages
• Oil & Gas
• Paper & Pulp
• Petrochemical
• Pharmaceuticals
• Water & Wastewater
• Others (Mining, Power Generation, etc.)

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Singapore
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA