Global liquid analytical instrument market is forecasted to value over USD 780 Million by 2029 end and register a CAGR of over 5.1% from 2019 to 2029.
Rising demand for liquid analytical instruments in the food & beverage industry for the measuring of the chemical composition of the fluid is expected to drive the growth of the market.
Liquid analytical instruments are vastly utilized in industrial manufacturing processes. They supply accurate measurements and bias-free results. Rapid preference for automated liquid analytical instruments in the pharmaceutical sector is boosting the market. It reduces human interferences and permits effective monitoring and data control. Rising adoption to accurate analytical instruments alongside inflation of the biotechnology industry is fueling the growth of the market. Technological advancements are also escalating the market. Introduction of latest technology like stream selection technology is set to propel the market.
The market is bifurcated into by instrument, by application, by end-use, and by region. Based on instruments, the pH/ORP is expected to drive the growth of the market. The growing need for pH/ORP analyzers for precise measurement of hardness of water is set to escalate the market. pH/ORP analyzers display the transmission and measurement numbers of ORP and pH present in applications of the wastewater sector. The factors such as easy to install and low price have led to the huge demand of these analyzers.
In terms of application insights, water purification will dominate the market during the forecast period. A rising level of contaminated water has driven the growth of water purification. It also measures water quality with accuracy. They can also be utilized to optimize performance and safeguard quality.
Based on end-use, food and beverage are forecasted to witness huge growth. Rising food product import has led to a need for continuous monitoring of food to prevent chemical contamination. The need for testing the quality and nutrition level of food & beverage has escalated the growth of the market. The biotechnology industry is also predicted to grow over the coming years. Liquid analytical instruments in biotech determine the metabolism of various microorganisms. These instruments offer high accuracy, stability, and reliability and due to these factors, they are in huge demand from biotechnology and healthcare field.
On the basis of region, North America is the global leader of the market. Rising environmental concerns alongside strict government regulations regarding wastewater have inflated the demand of the market in the region. Asia-Pacific region is forecasted to be the fastest-growing market over the coming years. The expansion of the pharmaceutical industry in emerging economies like India and China have fueled the growth of the market in the region. Government regulations regarding the safety of food have also boosted the presence of the market in the region.
Prominent players of the market are Electro-Chemical Devices, Inc., Yokogawa Electric Corporation, Mettler-Toledo International Inc.; Emerson Electric Co., Honeywell International Inc., and Endress-Hauser Management AG.
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Global Liquid Analytical Instrument Market Segmentation:
1. By Instrument
• Conductivity & Resistivity Analyzers
• Infrared Analyzers
• Oxygen Analyzers
• pH/ORP Analyzers
• Turbidity Analyzers
• Others
2. By Application
• Liquid Chemistry Monitoring
• Drug Discovery
• Wastewater Management
• Water Purification
• Others
3. By End Use
• Chemicals
• Energy
• Food & Beverage
• Healthcare & Biotechnology
• Oil & Gas
• Pharmaceuticals
• Others
4. By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World
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Competitive Landscape:
● Tier 1 players- established companies in the market with a major market share
● Tier 2 players
● Emerging players which are growing rapidly
● New Entrants
Futurewise Key Takeaways
● Growth Prospects
● SWOT Analysis
● Key Trends
● Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global liquid analytical instrumental market by instrument, by application, by end-use and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Rest of the world
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financial and core competencies
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