Global process analyzer market in terms of revenue was estimated to be worth USD 6.8 billion in 2020 and is poised to reach USD 8.1 billion by 2025, growing at a CAGR of 3.5% from 2020 to 2025. The new research study consists of an industry trend analysis of the market.

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) are the major key players.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=148603279

Driver: Increasing use of process analyzers in drug safety

The pharmaceuticals industry uses liquid density meters to evaluate the material porosity of a solid drug substance or determine the specific gravity of liquid samples. Evaluation of density is useful to meet quality control standards and examine the final state of a solid or suspended formulation in the liquids being tested and/or manufactured in a pharmaceuticals plant. TOC analyzers are widely used in the pharmaceuticals industry for water quality control and Environmental Protection Agency (EPA) compliance for US pharmaceuticals industry. 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.

Opportunity: Growing demand for process analyzers in emerging markets such as India and China

China and India are two of the major economies worldwide that provide tremendous growth opportunities for investors. With numerous Greenfield projects and an increasing capital expenditure on infrastructure development, these countries allow manufactures to stabilize their sales revenues. In its 13th Five-Year Plan in 2016, China set specific goals for water consumption and water quality. The Plan aims to reduce water consumption from 2015 levels by 23% by 2020, to upgrade urban sewage facilities, and to increase wastewater treatment. It also demands reduced contamination from agricultural pollutants, by lowering the use of chemical fertilizers and insecticides.

Challenge: Need for continuous support and maintenance of installed analyzers

Process analyzers monitor gas and liquid content in a manufacturing process. In most cases, sample systems are designed based on duplicating previous projects, with new features added haphazardly. These systems can become production risks if they are not maintained properly. Improperly functioning analyzers can transmit unreliable data, resulting in huge and costly production delays. Therefore, resolving process analyzer difficulties is a constant challenge for most of the players in this market. Most companies have to incur additional costs for these maintenance activities to keep the systems running. They are required to employ highly qualified staff, with in-depth knowledge of the process facility and various analyzer equipment.

Get more information:
https://www.marketsandmarkets.com/Market-Reports/process-analyzers-market-148603279.html