Moisture Analyzer Market Research Report- Global Forecast till 2027

Moisture Analyzer Market Information By Type (Desktop, Handheld, and Inline), By Technique (Karl Fischer Titration, Loss-on-dying, Capacitance, Microwave, Near-infrared, and Radio Frequency), By Application (Plastics and polymers, Construction, Agriculture, Food and beverage, Fabrics and textiles, and Pharmaceuticals), and Region (North America, Europe, Asia-Pacific, and the Rest of the World)—Forecast till 2027

ID: MRFR/SEM/5971-CR | July 2019 | Region: Global | 116 Pages         

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Moisture Analyzer Market

The Moisture Analyzer Market is expected to reach USD 1,571.4 million at a 3.9% CAGR during the forecast period.

Segmentation
By Type Desktop Handheld Inline
By Technique Karl Fischer Titration Loss-on-dying Capacitance Microwave Near-infrared Radio Frequency
By Application Plastics and polymers Construction Agriculture Food and beverage Fabrics and textiles Pharmaceuticals
Key Players
Companies Profiled   Ametek Inc. (US)    Kett Electric Laboratory (Japan)    Michell Instruments Inc. (US)    General Electric Co. (US)    PCE Instruments. (Norway)    Mettler-Toledo International Inc. (US)    Spectrasensors Inc. US)    Thermo Fisher Scientific Inc. (US)    Adam Equipment Inc. (UK)    Brookhuis Applied Technologies (Netherlands)
Drivers
Market Driving Forces   Growth of food & beverages industry    Increasing demand for these devices from the oil & gas industry
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Global Moisture Analyzer Market Research (MRFR Insights)


The moisture analyzer market size is projected to register USD 1,571.4 million at a CAGR of 3.90% from 2021-2027. The use of moisture analyzers to measure the temperature and humidity of the components or industrial materials is growing. The main objectives of measuring moisture content are to increase product quality, shelf life, raw material efficiency, and other factors. As a result of these prospective advantages and industry improvements, market growth is anticipated to increase. The moisture analyzer market is expected to develop due to factors such as sensor integration, real-time measurement, compliance, robustness, and other technological advancements in the sector.


COVID-19 Impact Analysis


Early in 2020, the industry was negatively impacted by the COVID-19 epidemic. Since the majority of the world's most powerful countries adopted a complete state of emergency, attention has been focused on the surge in demand for necessary industrial goods and services, which has reduced production and demand for various non-critical industrial goods, including metal products.


Moisture Analyzer Market Dynamics


Market expansion in the upcoming years is projected to be fueled by the rising adoption of moisture analyzers. This apparatus is the best tool for carrying out analytical tests for moisture. Additionally, ongoing developments have supported the development of these tools that provide automatic, reliable, high-quality, quick, and error-free moisture analysis while utilizing the highest measurement accuracy. The food and beverage sectors are also big consumers of these gadgets. Products made from food and beverages are prone to rapid deterioration from moisture. For instance, the U.S. FDA requires the use of moisture analyzers in food and beverage businesses since higher moisture levels can cause contamination and lower food quality.


Market Drivers



  • An increase in demand for moisture analyzers from healthcare industry


In the healthcare sector, moisture analyzers are frequently used for pretreatment of medical samples and moisture testing of liquid and solid medications. Additionally, the right moisture level is crucial since moisture content affects items' chemical and physical characteristics. These elements influence the acceptance and demand of moisture analyzers in the healthcare sector, which in turn influences the expansion of the market for these devices.


Market Restraints



  • Lack of skills for conducting moisture analysis  


The expansion of the market needs to be improved by the growing problems with dependability and stability in these devices, particularly when making repeated readings. The market for moisture analyzers should be growing more quickly since there aren't enough qualified people to run them. A major factor limiting the growth of the  market for moisture analyzer is the possibility of problems like short electric circuits


Market Opportunities 



  • Adoption of new technologies


The introduction of new technologies, such as incorporating sensors, heating units, touch displays, and dependable control units, is affecting the growth of the market for moisture analyzer. For instance, in 2018, one of the industry's top competitors, Thermo Fisher Scientific Inc., unveiled an inline sulfur analyzer that provides real-time data analysis, which is extremely useful in the automated oil and gas industries. The solution can also provide the sector with greater connectivity. Rising investments in the sector are driving the overall expansion of the market for moisture analyzer.


Moisture Analyzer Market Segmentation


Type Insights


The moisture analyzer market segmentation, based on type, is desktop, handheld, and Inline. The moisture analyzer market growth was prominently high under the desktop category in 2021 because of the increasing demand for and understanding of the advantages of desktop-mounted equipment in moisture analysis methods. A novel desktop-mounted moisture analyzer with distinct differential measuring methods has recently been developed, ensuring consistent performance in crucial moisture applications.


Technique Insights


The moisture analyzer market segmentation, based on technique is Karl Fischer titration, loss-on-dying, capacitance, microwave, near-infrared, and radio frequency. In 2021, near-infrared accounted for the biggest market share of the market owing to escalating demand and growing knowledge of the significant benefits offered by near-infrared (NIR) technology for the ongoing monitoring of industrial products. The availability of a wide selection of near-infrared moisture analyzers for carrying out moisture analysis with verified accuracy is also influencing consumer demand ly.


Application Insights


Based on application, the market is divided into plastics and polymers, construction, agriculture, food and beverage, fabrics and textiles, and pharmaceuticals. The food and beverage category dominated the market for moisture analyzers in 2021 due to the increased use of moisture analyzers in the food and beverage sectors to maintain the highest levels of safety and quality. For instance, the use of the product in food processing businesses and food service organizations is driven by the food safety certifications and compliance granted by the U.S. FDA, which are intended to increase the accuracy of moisture analysis.



Global Moisture Analyzer Market Share, by Region, 2021 (%)

Moisture Analyzer Market Share, by Region, 2021
Moisture Analyzer Market Overview, by Region


By Region, the market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the most extensive market share. Asia-pacific will exhibit the highest CAGR during the forecast period.


North America


A growing number of the food and beverage, chemical, packaging, and pharmaceutical industries—regarded as the primary end-users of moisture analyzers—have contributed to the expansion of the market in North America in recent years. Additionally, the region's pharmaceutical businesses are experiencing growing challenges due to the expansion of hospitals and healthcare facilities brought on by the demand for medical help. These elements are providing Moisture Analyzer business growth with fruitful chances.


Asia Pacific


Asia-Pacific accounted for the second-largest market share in the market in 2021. Moisture analyzers are in high demand due to the chemical and pharmaceutical sectors' quick advancements as well as the food and beverage sector's major growth. Additionally, growing government investments in the chemical and food & beverage sectors, particularly in China and India, are anticipated to fuel the APAC market for moisture analyzers.


Moisture Analyzer Market Competitive Landscape


The industry participants focus on strategic initiatives like collaborations, introducing and marketing new products, and vertical integration for company growth. Furthermore, these firms are spending a lot of money on R&D projects that allow them to innovate and profit from these products, contributing to their ability to command the highest prices in the market for moisture analyzers. For instance, in January 2022, For an undisclosed sum, Bruins Instruments was purchased by US-based KPM Analytics Inc., a provider of scientific equipment. Bruins Instruments improved its market position for analyzers through this acquisition. High-resolution moisture analyzers are produced by Bruins Instruments, a company based in Germany. In April 2021, Mettler-Toledo International Inc. purchased PendoTECH, a producer and supplier of single-use sensors, transmitters, control systems, and software for data collecting, measurement, and monitoring. The company expanded its operations into a variety of market segments, boosted its product line, and improved its brand image thanks to this acquisition.


Prominent players in the moisture analyzer market research include Ametek Inc. (US), Kett Electric Laboratory (Japan), Michell Instruments Inc. (US), General Electric Co. (US), PCE Instruments. (Norway), Mettler-Toledo International Inc. (US), Spectrasensors Inc. US), Thermo Fisher Scientific Inc. (US), Adam Equipment Inc. (UK), Brookhuis Applied Technologies (Netherlands), and others.


Scope of the Moisture Analyzer Market Report


Type Outlook



  • Desktop

  • Handheld

  • Inline


Technique Outlook



  • Karl Fischer Titration

  • Loss-on-dying

  • Capacitance

  • Microwave

  • Near-infrared

  • Radio Frequency


Application outlook



  • Plastics and polymers

  • Construction

  • Agriculture

  • Food and beverage

  • Fabrics and textiles

  • Pharmaceuticals


Region Outlook



  • North America

  • US

  • Canada

  • Mexico

  • Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Rest of Europe

  • Asia-Pacific

  • China

  • India

  • Japan

  • Australia and New Zealand

  • Rest of Asia-Pacific

  • Rest of the World

  • South America

  • Middle East

  • Africa


Objectives of the Study


The objectives of the study are summarized in 5 stages. They are as mentioned below:


Moisture Analyzer Market Forecast & Size:


To identify and estimate the market size for the moisture analyzer market report segmented by type, technique, and application by value (in US dollars). Also, to understand the consumption/ demand created by consumers of moisture analyzer market forecast between 2022 and 2030


Market Landscape and Trends:


To identify and infer the drivers, restraints, opportunities, and challenges in the moisture analyzer market growth


Market Influencing Factors:


To find out the factors which are affecting the moisture analyzer market size among consumers


Impact of COVID-19:


To identify and understand the various factors involved in the market affected by the pandemic


Company Profiling:


To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company in the past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.


Intended Audience



  • Moisture Analyzer producers

  • Raw material suppliers

  • Retailers, wholesalers, and distributors

  • Governments, associations, and industrial bodies

  • Pharma companies



Report Scope:

Report Attribute/Metric Details
  Market Size   2027: USD 1.49 billion
  CAGR   3.90 % CAGR (2021-2027)
  Base Year   2020
  Forecast Period   2021-2027
  Historical Data   2019
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Technique, and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
  Key Vendors   Ametek Inc. (US), Kett Electric Laboratory (Japan), Michell Instruments Inc. (US), General Electric Co. (US), PCE Instruments. (Norway), Mettler-Toledo International Inc. (US), Spectrasensors Inc. US), Thermo Fisher Scientific Inc. (US), Adam Equipment Inc. (UK), Brookhuis Applied Technologies (Netherlands)
  Key Market Opportunities   Adoption of new technologies
  Key Market Drivers   An increase in demand for moisture analyzers from healthcare industry Adoption of extremely accurate products


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Frequently Asked Questions (FAQ) :

The moisture analyzer market forecast period is 2021-2027

The market is expected to register a CAGR of ~3.90% over the next 10 years, according to the moisture analyzer market research.

Asia Pacific is expected to register the highest CAGR during 2021-2027

The market size is expected to be USD 3.90 billion by 2030.

Ametek Inc. (US), Kett Electric Laboratory (Japan), Michell Instruments Inc. (US), General Electric Co. (US), PCE Instruments. (Norway), Mettler-Toledo International Inc. (US), Spectrasensors Inc. US), Thermo Fisher Scientific Inc. (US), Adam Equipment Inc. (UK), Brookhuis Applied Technologies (Netherlands) and others are the major companies operating in the market.