The global process analyzer market was worth USD 7.56 billion in 2023. The global market size is expected to reach USD 10.30 billion by 2032 from USD 7.82 billion in 2024, growing at a CAGR of 3.5% during the forecast period.
Process analyzers are used to examine various industrial processes. The main aim is to determine the substance's chemical composition and physical properties. This analysis will help in optimization and asset protection. At the time of manufacturing, a process analyzer helps find the liquid and gaseous content in the product. The process analyzers are manufactured in a way that can withstand extreme climatic conditions. Various industries like oil & gas, petrochemicals, and pharmaceuticals are finding extensive benefits by using process analyzers.
The adoption of process analyzers in industries to focus on drug safety is enhancing the market's demand to an extent. In the US, pharmaceutical industries adopted process analyzers to promote quality products that are attributed to leveraging market growth.
Rapid Urbanization is another major factor contributing to the growth of the process analyzer market. The growth of the process analyzer market is driven by the rising prevalence of the water and wastewater treatment industries. Rapid urbanization is enhancing the need for efficient water management solutions. Increasing demand for high-quality water supply for public health safety is prompting the growth rate of the process analyzer market. In addition, industries have a high demand for wastewater treatment as the water is highly contaminated with toxins. Growing demand for automation to reduce the losses caused by manual processes is also adding fuel for market growth.
Rising support from the government authorities through investments is propelling the market growth rate. In addition, the growing demand for the upgradation of equipment in various industries is leveraging the growth rate of the process analyzer market. Developed and developing countries provide various growth opportunities by investing in new technology. Emerging countries like India and China are setting specific goals to provide efficient water management solutions for industries and setting up new growth opportunities for the process analyzer market.
However, the lack of trained people to operate automated equipment in industries inhibits the demand for the process analyzer market. Furthermore, less support from the authorities through investments in some countries is limiting the market's growth rate. Furthermore, the process analyzer needs high costs for installation and maintenance, which is majorly slowing down the demand. The equipment is designed with advanced technology that needs regular maintenance. Otherwise, these systems will produce high risks. Overcoming these difficulties is a major challenge for the key players in the process analyzer market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
3.5% |
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Segments Covered |
By Liquid Analyzer, Gas Analyzer, End User and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
ABB Ltd., Modcon Systems Ltd., Emerson Electric Co., Yokogawa Electric Corporation, Siemens AG, Honeywell International, Inc., Endress+Hauser AG, Teledyne Technologies, Inc., Thermo Fisher Scientific, Inc., and Mettler-Toledo International, Inc. and Others. |
The TOC analyzer segment is holding the dominant market share owing to the rise in the benefits of TOC analyzers in many companies. The conductivity segment is next in dominating the shares of the process analyzer market. pH/ORP segment is anticipated to hit the highest CAGR in the coming years.
An oxygen analyzer is esteemed to have the highest shares during the forecast period. Pharmaceutical companies have adopted many oxygen analyzers to increase the supply of oxygen cylinders to hospitals, drastically gearing up market shares. The moisture analyzer segment will have prominent shares in the next few years. The toxic gas segment is likely to have significant growth opportunities.
The pharmaceutical industry is thriving to have the highest shares of the process analyzer market. Pharmaceutical companies use process analyzers in the manufacturing process of drugs. During COVID, the demand for process analyzers is increasing due to the growing need to develop high-quality drugs by following rules and regulations issued by higher authorities. The oil & gas industry is second in leading the market shares, whereas the water & wastewater treatment industry is likely to grow significantly during the forecast period.
The North American process analyzer market is ruling with the dominant share of the global market owing to the presence of key players. The US is the major country that is contributing the highest shares of the market. Prevalence for advanced technology and the launch of various products are major factors fuelling the market's growth rate. The pharmaceutical companies in the US have already adopted TOC analyzers for water quality control and Environmental Protection Agency (EPA). Due to COVID-19, the need to follow drug safety measures has increased, escalating the market demand extensively in North America.
Asia Pacific process analyzer market is next to North America in leading the shares. Emerging countries like India and China are investing more in adopting automation technology. However, the rise in the economy and an increasing number of investors in oil & gas companies are outraging the demand for the process analyzer market in Asia Pacific.
The European process analyzer market has held the highest CAGR in years. Increasing demand for new water management solutions in urban areas is ascribed to propel the market growth rate in Europe.
The Middle East, Africa, and Latin America will likely have significant growth shares in the coming years.
ABB Ltd. (Switzerland), AMETEK Process Instruments (US), Applied Analytics, Inc. (US), Endress+Hauser AG (Switzerland), Emerson Electric Co. (US), Suez (France), Mettler-Toledo International Inc. (US), Siemens AG (Germany), Thermo Fisher Scientific, Inc. (US) and Yokogawa Electric Corp. (Japan) are some of the major players in the global process analyzer market.
In 2020, ABB opted to manage the optimal pH measurement by launching new color-coded sensors that detect the pH level of water efficiently.
By Liquid Analyzer
By Gas Analyzer
By End User
By Region
North America
The United States
Canada
Rest of North America
Europe
United Kingdom
Spain
Germany
Italy
France
Rest of Europe
Asia Pacific
India
Japan
China
Australia
Singapore
Malaysia
South Korea
New Zealand
Southeast Asia
Latin America
Brazil
Argentina
Mexico
Rest of LATAM
The Middle East and Africa
Saudi Arabia
UAE
Lebanon
Jordan
Cyprus
Frequently Asked Questions
The primary industries driving the demand for process analyzers include oil & gas, pharmaceuticals, food & beverage, chemicals, and water & wastewater treatment. These industries require precise monitoring and control to ensure product quality and regulatory compliance.
Technological advancements such as the integration of IoT, AI, and machine learning are significantly impacting the process analyzer market. These technologies enhance the accuracy, efficiency, and predictive maintenance capabilities of process analyzers.
Environmental regulations play a crucial role in driving the growth of the process analyzer market. Strict regulations related to emissions, waste management, and product quality compel industries to adopt advanced process analyzers to comply with standards and avoid penalties.
In the context of Industry 4.0, process analyzers are crucial for enabling smart manufacturing and real-time data analysis. They help in optimizing processes, reducing downtime, and improving efficiency by providing precise measurements and insights into production processes.
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