Process Analyzer Market Research Report - Forecast to 2027

Process Analyzer Market Research Report: By Type (pH/ORP analyzers, Conductivity Analyzers, Chlorine Analyzers, Liquid Density Analyzers, MLSS Analyzers, TOC Analyzers), Service (Pre-Sales, Post-Sales), Industry (Oil & Gas) – Forecast till 2027

ID: MRFR/SEM/4332-HCR | February 2021 | Region: Global | 100 pages         

Process Analyzer Market

The CAGR for the process analyzer market should be 6% from 2017-2023. It is projected to be worth USD 3 billion in 2023.

Segmentation

By Type pH/ORP Analyzers Conductivity Analyzers Near-Infrared Analyzers Turbidity Analyzers Dissolved Oxygen Analyzers
By Service Pre-Sales Post-Sales
By Industry Oil And Gas Petrochemicals Pharma Water And Wastewater Power Generation Food And Drinks

Key Players

  • ABB Ltd. (Switzerland)
  • Endress+Hauser AG (Switzerland)
  • GE Analytical Instruments (U.S.)
  • Hach Lange GmbH (Germany)
  • Honeywell International Inc. (U.S.)
  • Mettler-Toledo International Inc. (U.S.)
  • Teledyne Technologies Inc. (U.S.)
  • The Emerson Electric Company (U.S.)
  • Thermo Fisher Scientific Inc. (U.S.)
  • Yokogawa Electric Corp. (Japan)

Drivers

  • The rise in need for process analyzes for waste water treatment can support the growth of the global process analyzer market.
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Process Analyzer Market Overview


The Process Analyzer Market is estimated to reach a CAGR of 6 % and a market value of USD 3 Billion between 2023 to 2027 in the forecast period.


The market is emerging due to the rapid urbanization in developing countries. The public's rising demand for safe drinking water in larger volumes is one of the primary driving factors. The rise in demand for safe and efficient wastewater treatment facilities enhances the market's demand. The massive global demand is pushing the companies the development of process analyzers with technologically advanced features that result in more productivity and efficiency than in previous generations.


The pharmaceutical industry's wide application of process analyzers is helping the market enhance. It uses liquid density meters to evaluate a solid drug substance's material porosity and determine the specific gravity. Evaluation of density to meet the standards of quality control standards and examining the last state of a suspended formulation in the liquids tested in a pharmaceuticals plant. TOC analyzers are used in the pharmaceutical industry for testing water quality control. The rise in concern and focus on drug safety associated with regulatory requirements boost the Process Analyzer Market.


The market has shown great demand during the pandemic period. The need for safe and contamination-free water and improved water treatment was higher due to the coronavirus outbreak. Due to this, regional financial institutions' usage of process analyzers in drug safety and policy measures was increased. In the future, the Process Analyzer Market will maintain its steady growth and reach its valuation.


Process Analyzer Market COVID-19 analysis


COVID-19 is the novel virus that has largely perplexed medical researchers, public health, and government officials in the postmodern world. The unique nature of the virus is part of what makes it dangerous for some people. Unlike as is the case with other viruses, COVID-19 can and does cause serious medical problems and issues in some people long after they have recovered. It has also resulted in more than a few deaths worldwide. But what makes the virus especially potent and dangerous is the fact that people who have made a full recovery can get a stronger version of it a few months after recovering - the antibodies only last for a few months.


Governments around the world wanted to shield their populations from the virus as much as possible. They enacted lockdowns and quarantines to try to stop the spread. However, these had limited effect. Most businesses in most industries around the world suffered though. They were forced to either halt production dramatically or shut operations down altogether - at least temporarily!


The companies in the process analyzer industry were no exception. Because they were used primarily in manufacturing and industrial operations demand for them slowed down dramatically. The reason was that manufacturing operations were either scaling back operations or shutting down temporarily. The trouble is that some of those manufacturing operations that shut down never reopened.


Process Analyzer Market Dynamics



  • Drivers


This world is rapidly urbanizing, especially in developing nations. A direct result of this is a growing demand for facilities that can produce large quantities of safe drinking water. There is also growing demand for safe and effective wastewater treatment facilities. The industry is fragmented because there are a lot of companies that are already present and more that are entering. This phenomenon is driving companies to manufacture process analyzers that are technologically advanced, superior, more productive, and far more efficient than previous generations were.


Companies in the pharma industry are trying to develop and market a new generation of safer and more powerful blockbuster drugs. They need liquid density meters to measure just how dense a particular medication is or what gravitational inclination is. This is also driving growth in the process analyzer market.



  • Opportunities:


Demand for process analyzers is growing dramatically in many developing nations, especially India and China. The governments and private industry in these nations are investing heavily in infrastructure and green technology/energy projects. China established its 13th plan in 2016 which set out specific goals in terms of water quality in 2021. The Chinese government wants to reduce overall water consumption by almost a quarter in five years.


China’s government also wants to build new sewage processing facilities and improve upon existing ones in metro and urban areas. The objective is to clean the environment and make drinking water safer and tastier for human and domesticated animal consumption. The government also wants to reduce groundwater contamination from fertilizers and pesticides. The Indian government wants to do the same. This is incentivizing many companies in the process analyzer industry to manufacture products that are able to do this well.



  • Challenges


Since there is little real innovation in terms of manufacturing new process analyzers, many of the new generations of analyzers may not be able to function properly or transmit accurate data that is useful. This could compromise the quality of treated wastewater and drinking water around the world, especially in developing nations.



  • Restraints


There are not enough workers who are skilled to operate these analyzers and correctly read their data. This is a major factor that is restraining growth in the process analyzer market.



  • Technological analysis


Honeywell International, Inc is a major American player in the global process analyzer industry. It reached its dominant position by being one of the few companies in the industry that actually invested heavily in research and development. Thus, it was able to create a sustainable competitive advantage that allowed it to outsell the competition by marketing process analyzers that were superior in quality at higher price points.


Process Analyzer Market Segment overview


By Type


The type segment can be further grouped into the following:



  • pH/ORP Analyzers

  • Conductivity Analyzers

  • Near-Infrared Analyzers

  • Turbidity Analyzers

  • Dissolved Oxygen Analyzers

  • Chlorine Analyzers

  • Liquid Density Analyzers

  • MLSS Analyzers

  • TOC Analyzers

  • Aluminum Analyzers

  • Ammonia Analyzers

  • Fluoride Analyzes

  • Others


The pH/ORP analyzer sub-segment is expected to register the highest CAGR for the time period that this report covers. The reason is that more and more companies in the oil and gas industries are using process analyzers.


By Service


These sub-segments are:



  • Pre-Sales

  • Post-Sales


The pre-sales sub-segment is further broken down into the following categories:



  • Startup And Commissioning Services

  • Technical Support Services


The post-sales sub-segment is further broken down into the following categories:



  • Parts And Spare Services

  • Preventative Maintenance Services

  • On-Site Training Services


By Industry


These sub-segments are:



  • Oil And Gas

  • Petrochemicals

  • Pharma

  • Water And Wastewater

  • Power Generation

  • Food And Drinks

  • Semiconductor Processing

  • Pulp And Paper

  • Metal And Mining

  • Others


Process Analyzer Market Regional Analysis


The key regions in the process analyzer market are:



  • North America

  • The European Union

  • Asia-Pacific


The North American region currently has the largest process analyzer market share. This is expected to continue for the time period that this report covers. The reason for this is that the North American region, especially the United States of America and Canada have industries that are becoming more technologically advanced and use more technologically advanced processes. Thus, they need to use more technologically advanced process analyzers in larger quantities.


The oil and gas, pharma, water and wastewater, power generation, food and drinks industries are adopting and using more advanced process analyzers more often throughout the North American region.


The European Union and the Asia-Pacific regions hold the second and third-largest process analyzer market shares respectively. The reasons for this are the same that explains why the North American region currently enjoys the largest process analyzer market share in the world.


The Asia-Pacific region is expected to see phenomenal growth in terms of process analyzer market size for the time period that this report covers. The nations of China, India, and Japan especially are using process analyzers at record high paces because their industries and manufacturing processes are rapidly becoming much more technologically advanced.


The other key reason is that most global manufacturers manufacture solely in India and China largely because manufacturing and labor costs are much lower than they are in other parts of the world.


Process Analyzer Competitive Landscape


The process analyzer industry is highly competitive. The market is lucrative and has a fairly high CAGR. There are also fewer barriers to entry into the industry. Thus, many companies have already entered the industry and there are many more newcomers every year.


Companies are finding that they must invest heavily in research and development if they want to survive in this fragmented and highly competitive industry. This is the only way that they’ll be able to create the sustainable competitive advantage that they’ll need to stay financially and economically profitable and viable.


Many smaller companies in the industry may not have the vast treasuries needed to invest heavily in research and development by themselves. They are compensating for this by merging with and acquiring other successful companies in the industry. They increase their overall resources base - especially in terms of financial and human resources. These companies now often times have the money, knowledge, and research that they need to do the intensive research and development that will allow them to create a sustainable competitive advantage. They can also do better marketing that will allow them to strengthen their positions in existing markets and do well when entering new markets.


Strategic partnerships with other successful companies allow the resulting company to do the same that mergers and acquisitions do because it puts them in a similar position.


Mettler-Toledo is a successful American firm. It gained its current position as an industry leader by investing heavily in research and development. Thus, it was able to develop those technologically advanced products that allowed it to create a sustainable competitive advantage.


List of Companies



  • ABB Ltd. (Switzerland)

  • Endress+Hauser AG (Switzerland)

  • GE Analytical Instruments (U.S.)

  • Hach Lange GmbH (Germany)

  • Honeywell International, Inc. (U.S.)

  • Mettler-Toledo International Inc. (U.S.)

  • Teledyne Technologies, Inc. (U.S.)

  • The Emerson Electric Company (U.S.)

  • Thermo Fisher Scientific, Inc. (U.S.)

  • Yokogawa Electric Corp. (Japan)


Recent Developments


 April 2022


Thermo Fisher Scientific Inc. has declared the release of a new Raman spectroscopic analyzer to monitor various applications, including biopharmaceutical manufacturing. The Thermo Scientific Process Analyzer provides non-destructive and continuous analysis without the sample preparation. It is integrated with rapid system setup and deployment in 15 minutes for generating spectral data on target analytes in seconds.


Process Analyzer Market Report overview


The North American region may have the largest process analyzer market share for the time period that this report covers but the Asia-Pacific region is set to register the highest CAGR mainly because of rapid and intense urbanization.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 3 Billion
  CAGR   6%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, By Service
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   ABB Ltd. (Switzerland), Endress+Hauser AG (Switzerland), GE Analytical Instruments (U.S.), Hach Lange GmbH (Germany), Honeywell International, Inc. (U.S.), Mettler-Toledo International Inc. (U.S.), Teledyne Technologies, Inc. (U.S.), The Emerson Electric Company (U.S.), Thermo Fisher Scientific, Inc. (U.S.), and Yokogawa Electric Corp. (Japan)
  Key Market Opportunities   Increasing adoption of process analyzers across various industry verticals such as oil & gas and pharmaceuticals is fueling the market growth.
  Key Market Drivers   The rise in need for process analyzes for waste water treatment can support the growth of the global process analyzer market.


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Frequently Asked Questions (FAQ) :

6% until 2023

● GE Analytical Instruments (U.S.), Honeywell International, Inc. (U.S.), and Hach Lange GmbH (Germany)

● TOC ● Conductivity analyzers ● pH/ORP analyzers

A growing need for water and wastewater treatment facilities around the world due to intense and rapid urbanization.

North America because of the rapid increase in usage in water, wastewater treatment, and the pharma industries