Liquid Analytical Instrument Market Size Worth $606.2 Million By 2025


Posted September 29, 2020 by sitakant

The global liquid analytical instrument market size is expected to reach USD 606.2 million by 2025, according to a new study conducted by Grand View Research, Inc., registering a 5.5% CAGR during the forecast period.

 
The global liquid analytical instrument market size is expected to reach USD 606.2 million by 2025, according to a new study conducted by Grand View Research, Inc., registering a 5.5% CAGR during the forecast period. Increasing demand for liquid analytical instruments in food and beverage processing units for control and measurement of chemical composition of fluids is expected to drive the market.
Liquid analytical instruments are largely used in industrial manufacturing processes as they provide bias-free outcomes and rapid and accurate measurements. Increasing adoption of automated liquid analytical instruments in the pharmaceutical industry helps decrease human interferences and enable effective data control and monitoring. This is further anticipated to propel market growth over the forecast period.
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Rapid and extensive development of the biotechnology industry, coupled with high adoption rate of precise analytical instruments, is expected to drive the market through 2025. Emergence of advanced technologies such as high-frequency liquid analysis and stream selection technology is further expected to fuel market growth.
Increasing demand for liquid analytical instruments for real-time data monitoring in end-use industries such as water treatment to enhance overall process efficiency is further contributing to market growth. Moreover, focus on protecting the environment and stringent environmental policies has propelled the adoption of liquid analytical instruments in various end-use industries such as chemicals, pharmaceuticals, and healthcare and biotechnology.
Further key findings from the report suggest:
• By instrument, infrared analyzers are expected to emerge as the fastest-growing instrument segment, registering a CAGR of over 6.5% over the forecast period. This can be attributed to benefits such as high-speed measurements and non-destructive analysis
• Liquid analytical instruments are widely adopted in wastewater management applications as a result of increased demand for real-time data monitoring and growing awareness about environmental protection measures across the world
• Liquid analytical instruments are widely used in the food and beverage industry to analyze liquid levels in non-alcoholic beverages, alcoholic drinks, and infusion beverages among others
• North America is expected to retain its dominance in the market over the forecast period and is anticipated to reach USD 189.6 million by 2025. Market growth is fueled by increasing adoption of liquid analyzers in water management and biotechnology industries, in addition to stringent government regulations about environmental protection
• Key industry participants include Honeywell International Inc.; Yokogawa Electric Corporation; ABB Ltd.; and Emerson Electric Co.
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Grand View Research has segmented the global liquid analytical instrument market on the basis of instrument, application, end use, and region:
Liquid Analytical Instrument Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)
• Conductivity & Resistivity Analyzers
• Infrared Analyzers
• Oxygen Analyzers
• pH/ORP Analyzers
• Turbidity Analyzers
• Others
Liquid Analytical Instrument Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)
• Liquid Chemistry Monitoring
• Drug Discovery
• Wastewater Management
• Water Purification
• Others
Liquid Analytical Instrument End-use Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)
• Chemicals
• Energy
• Food & Beverage
• Healthcare & Biotechnology
• Oil & Gas
• Pharmaceuticals
• Others
Liquid Analytical Instrument Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)
• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
• Asia Pacific
o China
o India
o Japan
• Latin America
o Brazil
o Colombia
• Middle East & Africa
For Inquire before buying please visit @: https://www.grandviewresearch.com/inquiry/3498/ibb
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Issued By sitakant
Country United States
Categories Business , Technology
Tags liquid analytical instrument market size
Last Updated September 29, 2020