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Process Analyzer Market Trends

Report ID: GMI6933 Published Date: October 2023Report Format: PDF
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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.

Author: Suraj Gujar, Sandeep Ugale
Frequently Asked Question(FAQ) :

Why is Asia Pacific emerging as a lucrative growth avenue for process analyzer market?+

Asia Pacific process analyzer industry held a share of over 30% in 2022, due to the rising adoption of process analyzer solutions in the region for a high manufacturing base in different sectors.

How will pharmaceutical end-use segment contribute to process analyzer industry growth?+

The pharmaceutical segment is anticipated to register a CAGR of 5% through 2032, as 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.

What is the size of the global process analyzer market?+

Market size for process analyzer 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.

Who are the main contenders in process analyser market?+

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

Process Analyzer Market Scope

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