Report Overview

Process Analyzer Market: Market Outlook and Trends

The growth indicators that are promoting the market of process analyzers are many but the major one, which is heavily evident is the increase in demand for water & wastewater treatment plants. Along with it the rising competition the industries are having to deliver technologically advanced and high-end products to their consumers. Moreover, we also have a demand for process analyzers in the Oil and Gas industries. Followed by the food and beverages sector, which is constantly growing and barely stops, hence it’s a continuous procedure.

The significant factor that’s aiding in the growth of this market is the fact that many firm regulations that are dedicated to the sorting, testing, and processing of any given consumer good are there and hence have to be applied globally. And these could only be followed or done by using Process Analyzer(s). Lastly, the driving force applied by the whole manufacturing industry with the perpetually modifying trends and ever-renewing automation technologies is boosting the market of Process Analyzer as well.

Source: BlueWeave Consulting

Process Analyzer Market: Overview 

A process analyzer is/are a device(s) that could be used for the determination of the chemical composition, physical properties, and topology of the given substance, product, item, etc. present in a process. The process analyzer holds responsibility for process development, protection of the asset, and eventual submission. Industries having large and diversified processing and production lines require improved and top-notch process analyzers which could give predictive alerts, provide suitable solutions to maintain and reduce overall operational costs and mishappenings.

Growth Drivers

Adoption of process analyzers in Oil and gas industry

In the given industry, the increased familiarization of process analyzer systems could be witnessed. These technological advancements and procedures are present in various forms such as Raman spectroscopy (which is an optical technique) and Tunable Diode Absorption Spectroscopy which allows real-time, fast, and efficient measurement. Additionally, providing long term stability (as its maintenance-free) and the presence of an inbuilt reference gas, hence cutting off the need for on-field calibrations for reference point. Therefore, due to all the listed reasons the demand for high-quality gas analyzers in manufacturing, chemical, medical and pharmaceuticals, food and metal industries will push the market for Process Analyzers in an upward direction.

Adoption of process analyzers in Drug safety

The use of liquid density meters by the Pharma industry to assess material porosity of a solid drug substance or to determine the specific gravity of a given liquid sample. As density evaluation is necessary and useful to fulfill quality control standards; for examining the final state of a solid or suspended formula in the liquids being tested and/or manufactured in a pharmaceuticals plant. TOC (Total Organic Carbon) analyzers are widely used in the pharmaceutical industry to check on water quality and to follow the Environmental Protection Agency (for the US-based pharmaceuticals). Hence, the increasing focus on drug safety, coupled with regulatory requirements to characterize drugs, is likely to boost the demand for process analyzers, especially during the COVID-19 pandemic.

Restraints

Insufficiency of skilled personnel 

The major setback in the process analyzer market is the amount of time, patience, and resources it takes to acquire or gain certain adequate skills to address the variety of disciplines involved in a typical process analyzer project. Most of the highly qualified analyzer engineers are kept at the systems integration level and only a few at the Engineering, Procurement, and Construction (EPC) level, and practically none at the front-end engineering design (FEED) level. So undoubtedly, the constant requirement of skilled professionals who can operate, perform the process equipment is always there. Therefore, finding the perfect candidate who could operate analytical equipment has the expertise and has relevant work experience with the application of suitable tools is crucial and can’t be overseen. As in the pharmaceutical industry, the lack of knowledge, the technique could end in various sever direct and indirect unpleasant outcomes. Therefore, scarcity of desired personnel with the above-mentioned skillset may cause a huge hindrance towards the market growth of Process Analyzer.

Process Analyzer Market: Segmentation

The process analyzer market is segmentation is done based on, state of the Process Analyzers that are Liquid and Gas analyzers, then it is further segmented on End-user industry and the Region. Based on the end-user industry, the market for Process Analyzer is furthermore subdivided into mining, food & beverages, chemical, gas, pharmaceutical, power generation & transmission, etc. Based on region, the global process analyzer market is divided into regions such as South America, Japan, North America, Europe, Asia, and The Middle East.

Process Analyzer Market: Regional Insights

As per the graphs and figures, it will be right to state that the region nesting large industrial bases, is likely to showcase a high demand for process liquid analyzers. Moreover, the huge, elaborated manufacturing sectors in countries like China and India will equally boost the sale in the relevant market. Nations in Europe are anticipated to go well as far as the demand for Process liquid analyzers demand is concerned, all because of the strong performance given by the pharma industries there. 

1.       Research Framework

1.1.    Research Objective

1.2.    Product Overview

1.3.    Market Segmentation

2.       Research Methodology

2.1.    Qualitative Research

2.1.1. Primary & Secondary Sources

2.2.    Quantitative Research

2.2.1. Primary & Secondary Sources

2.3.    Breakdown of Primary Research Respondents, By Region

2.3.1. Secondary Research

2.3.2. Primary Research

2.4.    Breakdown of Primary Research Respondents

2.5.    Market Size Estimation

2.6.    Assumption for The Study

2.7.    Market Breakdown & Data Triangulation

3.       Executive Summary

4.    Global Foodservice Packaging Insights

4.1.    Industry Value Chain Analysis

4.2.    DROC Analysis

4.2.1. Growth Drivers

4.2.2. Restraints

4.2.3. Opportunities

4.2.4. Challenges

4.3.    Technological Landscape

4.4.    Regulatory Framework

4.5.    Company Market Share Analysis,20xx

4.6.    Porter’s Five forces analysis

4.6.1. Bargaining Power of Suppliers

4.6.2. Bargaining Power of Buyers

4.6.3. Threat of New Entrants

4.6.4. Threat of Substitutes

4.6.5. Intensity of Rivalry

4.7.    Strategic Outlook

5.       Global Process Analyzer Market Overview

5.1.    Market Estimates & Forecast by Value, 20xx-20xx

5.1.1. By Value (USD)

           5.2.    Market Share & Forecast

       5.2.1. By Liquid Process Analyzer

                      5.2.1.1. ph/ORP analyzer

                      5.2.1.2. Conductivity analyzer

                      5.2.1.3. Turbidity analyzer

                      5.2.1.4. Dissolved Oxygen analyzer

                      5.2.1.5. Liquid Density analyzer

                      5.2.1.6. MLSS analyzer

                      5.2.1.7. TOC analyzer

                5.2.2. By Gas Analyzer

                      5.2.2.1.  Oxygen analyzer

                      5.2.2.2. Carbon Dioxide analyzer

                      5.2.2.3. Moisture analyzer

                      5.2.2.4. Toxic gas analyzer

                      5.2.2.5. Hydrogen Sulfide analyzer

                5.2.3. By End-User Industry

                       5.2.3.1. Oil & Gas

                      5.2.3.2. Petrochemicals

                      5.2.3.3. Pharmaceuticals

                      5.2.3.4. Water & Wastewater

                      5.2.3.5. Power

                      5.2.3.6. Food & Beverages

                      5.2.3.7. Metals & Mines

                      5.2.3.8. Cement & Glass

                      5.2.3.9. Others

                5.2.4. By Region

5.2.4.1. North America

                    5.2.4.2. Europe

                    5.2.4.3. The Asia Pacific

                    5.2.4.4. South America

                    5.2.4.5. The Middle East & Africa

6.       North America Process Analyzer Market

6.1.    Market Estimates & Forecast by Value, 20xx-20xx

6.1.1. By Value (USD)

6.2.    Market Share & Forecast

6.2.1. By Liquid Analyzer

6.2.2. By Gas Analyzer

6.2.3. By End-User Industry

6.2.4. By Country

6.2.4.1.  U.S

6.2.4.2.  Canada

7.       Europe Process Analyzer Market

7.1.    Market Estimates & Forecast by Value, 20xx-20xx

7.1.1. By Value (USD)

7.2.    Market Share & Forecast

7.2.1. By Liquid Analyzer

7.2.2. By Gas Analyzer

7.2.3. By End-User Industry

7.2.4. By Country

7.2.4.1.  Germany

7.2.4.2.  U.K

7.2.4.3.  France

7.2.4.4.  Italy

7.2.4.5.  Rest of Europe

8.       Asia Pacific Process Analyzer Market

8.1.    Market Estimates & Forecast by Value, 20xx-20xx

7.1.1. By Value (USD)

8.2.    Market Share & Forecast

8.2.1. By Liquid Analyzer

8.2.2. By Gas Analyzer

8.2.3. By End-User Industry

8.2.4. By Country

8.2.4.1.  China

8.2.4.2.   India

8.2.4.3.   Japan

8.2.4.4.   South Korea

8.2.4.5   Rest of APAC

9.       South America Process Analyzer Market

9.1.    Market Estimates & Forecast by Value, 20xx-20xx

9.1.1. By Value (USD)

9.2.    Market Share & Forecast

9.2.1. By Liquid Analyzer

9.2.2. By Gas Analyzer

9.2.3. By End-User Industry

9.2.4. By Country

9.2.4.1.  Brazil

9.2.4.2.  Mexico

9.2.4.3.  Argentina

9.2.4.4.  Rest of Latin America

10. The Middle East & Africa Process Analyzer Market

10.1. Market Estimates & Forecast By Value, 20xx-20xx

10.1.1.   By Value (USD)

10.2.    Market Share & Forecast

10.2.1. By Liquid Analyzer

10.2.2. By Gas Analyzer

10.2.3. By End User Industry

10.2.4. By Country

10.2.4.1.   Saudi Arabia

10.2.4.2.   UAE

10.2.4.3.   South Africa

10.2.4.4.   Rest of MEA

11.   Company Profile (Company Overview, Financial Matrix, Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *

12.   Strategic Recommendation

*Financial Details Not Be Captured in Case of Unlisted Companies

**The segmentation and the companies are subjected to modifications based on the in-depth secondary for the final deliverable