Process Analyzers Market - Increasing Number Of Petrochemical, Gas And Oil Industries Are Major Factors That Drives The Growth

Global Process Analyzers Market: Synopsis

Process analyzers are analytical or engineering precision equipment that are used for monitoring parameters such as liquid and gas content during the manufacturing process. These analyzers are extensively used for the identification of chemical, physical, molecular and elemental properties of a sample. The process analyzers were firstly introduced into the market in 1930s when the non-dispersive infrared analyzers for the process gas streams was invented by Dr. Karl Luft. These analyzers provide real time data on chemical composition of the gas or liquid streams. Process analyzers use range of parameters for the delivery of precise, accurate and continuous measurement. Hence, owing to the precision and accuracy offered by the equipment these devices are used in industries such as pharmaceuticals, biotechnology, chemical, petrochemical, oil and gas.

Global Process Analyzers Market: Key Segments

The market for process analyzers can be segmented on the basis of types of analyzers, application and services. The types of analyzers segment can be further categorized into liquid analyzer and gas analyzer. Liquid analyzer market is sub segmented into chlorine analyzers, dissolved oxygen analyzers, colorimetric analyzers, conductivity analyzers, titro analyzers, near infrared analyzers, Miss analyzers, total organic carbon (TOC) & chemical oxygen demand (COD) analyzers and Ph/Orp analyzers. Gas analyzers can also be segmented as oxygen analyzers, carbon dioxide analyzers, moisture analyzers, hydrogen sulphide analyzers, flame ionization detection and toxic gas detection using photo ionization (Pid).

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The process analyzers market can also segmented on the basis of services that include equipment maintenance services, new installations, startup & commissioning, repair and replacement of parts and training services. Furthermore, the report on process analyzers can be segmented on the basis of applications such as food & beverage, mining, pulp & paper, power/utility, pharmaceuticals, cement & glass, chemical/petrochemical and water & waste treatment. Geographically the market for process analyzers would estimate the market size for North America, Europe, Asia-Pacific and Rest of the World.

Global Process Analyzers Market: Trends and Opportunities

Growing demand from waste and water treatment industries, technological advancements and increasing number of petrochemical, gas and oil industries are the major factors that are expected to drive the growth of process analyzers market. Furthermore, continuous demand by the end users for regular support, maintenance and replacement services to ensure the effective performance of the equipment are the other reasons that are likely to trigger the growth of process analyzers market. Similarly, increasing demand in developing nations for process analyzers is also anticipated to push the market growth to a higher end. Thus, witnessing the immense potential in developing nations most of the major players operating in this space have started to expand their business in the Asian region beyond mature markets such as the U.S., Europe and Japan.

Global Process Analyzers Market: Companies Mentioned in the Report

The market for process analyzers is highly fragmented hence intense competitive rivalry is seen among the players operating in this market segment. The major players operating in this market includes Abb Ltd., Agc Instruments, Ametek Process Instruments, Aneolia, Analytik Jena Ag, Biotector Analytical Systems Ltd., Endress+Hauser Ag, Emerson Process Management, Hach Company, Falcon Analytical, Honeywell International Inc., Metrohm Ag, Invensys Plc., Omega Engineering Inc., Mettler-Toledo International, Inc., Siemens Ag, Perkinelmer, Inc., Omega Engineering Inc., Swan Analytische Instrumente Ag, Xylem Inc., Thermo Fisher Scientific, Inc., Teledyne Analytical Instruments, Yokogawa Electric Corporation and others. These players dominate the market due to innovative and highly effective products.

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