The Process Analyzer Market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2019 to 2026. The report analyzes and presents an overview of ‘Process Analyzer – Global Market Outlook (2019-2026)’ is a professional analysis, drivers, constraints, opportunities, threats, challenges, investment opportunities, and recommendations and in-depth research & with a focus on the current state of the global industry. SOME OF THE KEY PLAYERS IN GLOBAL PROCESS ANALYZER MARKET INCLUDE Applied Instrument Technologies, ABB Ltd, AMETEK, Endress+Hauser AG, GE Analytical Instruments, Hach Lange GmbH, Honeywell International, Mettler-Toledo International, Modcon Systems Ltd, SICK AG, Teledyne Technologies, The Emerson Electric Company, Thermo Fisher Scientific, Yokogawa Electric Corp INFICON, Applied Analytics and others
Global Process Analyzer market is accounted for $6.68 billion in 2017 and is expected to reach $16.55 billion by 2026 growing at a CAGR of 10.6 % during the forecast period.
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Process Analyzer industry increasing usage in waste water treatment, rapid industrialization in emerging nations, growth in U.S shale gas production, huge competition among organizations for producing better quality products are some of the major driving factors of the market growth. However, decrease in oil prices and high expenditures for the infrastructure are the factors restricting the growth.
The global process analyzer market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Process Analyzer market for global, North America, Asia Pacific, South America and Middle East & Africa.
Process analyzer is an instrumental device used for monitoring the chemical and physical properties of substance such as gas and liquid content during the manufacturing process. It helps in enhancing the production and improving the overall efficiency by providing accurate analysis value and intelligence.
On the basis of end user industry, oil and gas segment is projected to be the largest market share due to the increase in demand of oil industries and intense competition between international and local vendors. In terms of form factor, standard process analyzers is the bench topper among other forms with the highest market share due to growing demand for organic materials to curb production expenses ,low maintenance cost and easy operation facilities.
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Form Factors Covered:
Range of Instruments Covered:
- On-line process analyzers
- In-line process analyzers
- At-line process analyzers
End Users Covered:
- Food & Beverages
- Metal & Mining
- Oil & Gas
- Power Generation
- Pulp & Paper
- Semiconductor Processing
- Water & Wastewater
- Other End Users
North America is dominant and expected to hold largest market share due to rising demand for processed food and beverages industry. Asia Pacific is witnessed to be the fastest market during the forecast period due to the increasing investments from the governments of China and India for establishing drinking water facilities.
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