Process Analyzer Market - By Type (Swept-tuned Analyzer, Real-time Analyzer), By Mode (Liquid Analyzer, Gas Analyzer), By End-use Industry (Chemical, Food & Beverages, Oil & Gas, Paper & Pulp, Petrochemical, Pharma, Water & Wastewater) & Forecast, 2023 – 2032

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Industrial-Machinery | Format: Report available in PDF / Excel Format

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Process Analyzer Market - By Type (Swept-tuned Analyzer, Real-time Analyzer), By Mode (Liquid Analyzer, Gas Analyzer), By End-use Industry (Chemical, Food & Beverages, Oil & Gas, Paper & Pulp, Petrochemical, Pharma, Water & Wastewater) & Forecast, 2023 – 2032

Process Analyzer Market Size

Process Analyzer Market size was valued at over USD 6.9 billion in 2022 and is anticipated to grow at a CAGR of over 5% between 2023 and 2032.

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Imagine a device that's like a super-advanced chemistry set for industrial factories. That's what a process analyzer is. It's a machine that keeps track of different things like how thick a liquid is, how hot or cold it is, how much pressure it's under, and even what chemicals are in it. It does this by using different tests to check samples of the stuff being made as it moves through the factory. These tests help find out if there are any problems or mistakes in the manufacturing process. And here's the cool partprocess analyzers are getting really popular right now because they're helping companies make new medicines and drugs faster and more efficiently. For example, a company called Process Insights recently bought part of a company called Schneider Electric that makes process analyzers. This will help them bring even better analyzers to businesses around the world, from making chemicals and metals to producing energy and, of course, developing new drugs for us.

Process Analyzer Market Report Attributes
Report Attribute Details
Base Year 2022
Process Analyzer Market Size in 2022 USD 6.9 Billion
Forecast Period 2022 to 2032
Forecast Period 2022 to 2032 CAGR 5%
2032 Value Projection USD 10 Billion
Historical Data for 2018 - 2022
No. of Pages 220
Tables, Charts & Figures 282
Segments covered Type, Mode, End-use Industry
Growth Drivers
  • Increasing demand for water and wastewater treatment
  • Growing use of analyzers in drug development and safety
  • Rise in demand for environmental monitoring
  • Increasing demand for remote monitoring solutions
  • Rise in adoption of artificial intelligence, and automation in manufacturing industry
Pitfalls & Challenges
  • Complexity in process analyzer installation and operation
  • High initial cost to develop process analyzer

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Process analyzers are carefully designed instruments which can monitor the parameters precisely within different industrial processes. For correct setting of the analyzers, calibration experts and other technology experts are required, who can install and integrate them seamlessly into existing control systems. Moreover, process analyzers also require periodic calibration and regular maintenance for the continuous operations and hence require specialized skilled employees. However, such challenges and complexities are involved during the installation and operation of process analyzers.

COVID-19 Impact

Due to the Covid-19 pandemic, many manufacturing and product development factories were closed, which impacted the demand and supply chain disruption delayed the delivery and shipment of process analyzers. Moreover, the process analyzers witnessed a surge in demand from the healthcare and pharmaceutical industries, as they were focusing on developing new drugs, vaccines, and medical devices. Post Covid, many industrial facilities were adopting process analyzers for remote monitoring and control of production processes from a distance.

Process Analyzer Market Trends

You know those fancy gadgets used in factories to keep an eye on the production line? They're called process analyzers. These gizmos make sure that everything's running smoothly and the stuff they're making is top-notch. They're not just your average sensors. They can sniff out gases, liquids, and even nasties like toxic chemicals and nasty particles. That's why they're so handy in cleaning up dirty water and making sure we have fresh, drinkable H2O. With more and more people needing clean water, the demand for wastewater treatment is skyrocketing. That means governments and businesses are investing big bucks in these process analyzers to make sure the water we drink is safe. And don't forget the food and drink industry! They need fresh, clean water too. That's why they're also using process analyzers to keep their water supply in tip-top shape. They even have fancy features to control the water quality, so your morning coffee is just the way you like it.

Companies in different fields, like drug manufacturing, chemical processing, and even cleaning up wastewater, are turning to remote sensing and monitoring tools more and more. This trend is fueling the growth of the process analyzer market because these tools can monitor processes in real-time, collect data, and control everything remotely. In the chemical industry, for example, process analyzers help keep track of carbon and other dangerous gases in real-time and make sure they're within the limits set by environmental rules. They also use artificial intelligence to make automated manufacturing processes smarter by keeping an eye on things like chemical makeup, temperature, pressure, and other details. This helps avoid waste, speeds up production, and uses resources more efficiently because the data it provides is so precise and comes in so quickly.

 Process Analyzer Market Analysis 

Learn more about the key segments shaping this market

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Based on mode, the market is segmented into liquid analyzer and gas analyzer. The liquid analyzer is further categorized into conductivity analyzer, liquid density analyzer, MLSS analyzer, pH analyzer, turbidity analyzer and toc analyzer, and gas analyzers are categorized into carbon dioxide analyzer, hydrogen sulphide analyzer, moisture analyzer, oxygen analyzer and toxic gas analyzer.

  • The liquid analyzer segment dominated the market for the base year 2022, by presenting over 50% market share in the market.
     
  • In the liquid analyzer segment, the MLSS analyzer is expected to witness the fastest growth in the future, due to increasing use of the MLSS analyzer in different wastewater treatment processes, as it is used for monitoring microorganism concentrations in sludge and optimizing the treatment process.

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Based on end-use industry, the market is divided into chemicals, food & beverages, oil & gas, paper & pulp, petrochemical, pharmaceuticals, water & wastewater and other industries. The pharmaceutical segment held a dominant market share in 2022 and is anticipated to register a CAGR of 5% up to 2032
 

  • The process analyzers are widely used in the pharmaceutical sector for monitoring a range of liquids and gases in the process and for the requirement of tough quality of pharmaceutical products. They are also used for new drug delivery, and medical device development.
     
  • With dedicated guidelines and strong quality control, the analyzers enhance the pharmaceutical processes and further elevates the complete efficiency of operations. However, the pharmaceutical segment contributes to the overall growth of the market.

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Across the globe, Asia Pacific is the leading hub for process analyzers. In 2022, the region accounted for over 30% of the market. This surge in popularity is driven by the region's booming manufacturing industry, which relies heavily on process analyzers. From pharmaceuticals and consumer electronics to mining and refining, several major companies have set up shop in Asia Pacific to take advantage of the region's skilled workforce and competitive labor costs. As these industries expand rapidly, they're facing increasing environmental concerns. Process analyzers have become crucial tools for monitoring emissions and ensuring wastewater treatment is up to par. The demand for process analyzers is also on the rise in the region's energy sector, which includes natural gas, renewable sources, and traditional sources like coal. These analyzers help optimize combustion and ensure the use of high-quality water for power generation.

Process Analyzer Market Share

The players in the process analyzer industry focus on implementing different growth strategies to strengthen their offerings and expand the market reach. The strategies involve new product development and launches, partnerships and collaborations, mergers and acquisitions, customer retentions and others. These players are also heavily investing in their research and development in order to introduce innovative and technologically advanced solutions in the process analyzer industry. Some of the major players operating in the process analyzer industry are mentioned below,  

  • ABB Ltd.
  • Ametek. Inc.
  • Applied Analytics, Inc.
  • Emerson Electric Co.
  • Endress+Hauser Group Services AG
  • Mettler Toledo
  • Siemens AG

Process Analyzer Industry News

  • In December 2022, ABB Ltd. launched a process analyzer “Sensi+™” for monitoring natural gas quality. It is used for continuous contaminants (i.e. CO2, H2O and H2S) measurements in natural gas streams. The laser-based technology in the product can provide rapid response, by eliminating false readings for reliable process control. The product is also designed to be used in hazardous and remote locations.
     
  • In November 2022, Mettler Toledo introduced an “Easy Vis” analyzing solution for the liquid samples. The Easy Vis is used for evaluating the water characteristics, color and optical spectrum of the sample. It has three functionalities, such as water testing methods, a spectrophotometer, and a colorimeter in a single instrument.
     

The process analyzer market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032 for the following segments

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By Type

 

  • Swept-tuned Analyzer
  • Real-time Analyzer

By Mode

  • Liquid Analyzer
  • Conductivity Analyzer
  • Liquid Density Analyzer
  • MLSS Analyzer
  • PH Analyzer
  • Turbidity Analyzer
  • TOC Analyzer 
  • Gas Analyzer
  • Carbon Dioxide Analyzer
  • Hydrogen Sulphide Analyzer
  • Moisture Analyzer
  • Oxygen Analyzer
  • Toxic Gas Analyzer

By End-use Industry

  • Chemical
  • Food & Beverages
  • Oil & Gas
  • Paper & Pulp
  • Petrochemical
  • Pharmaceuticals
  • Water & Wastewater
  • Others (Mining, Power Generation, etc.)

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ANZ
    • Singapore
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA

 

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