Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Process Analyzers Market size was over USD 7.97 billion in 2024 and is projected to reach USD 12.94 billion by 2037, growing at around 3.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of process analyzers is assessed at USD 8.23 billion.
Major factors anticipated to drive the growth of the market are the increasing demand for water & wastewater treatment plants and the growing competition among major players in the market to provide technologically advanced and better-quality products. Furthermore, the need for process analyzers in oil and gas industries is also expected to drive the growth of the market in the upcoming years. Moreover, the precise periodical measurement of chemical and physical parameters of an industrial process facilitated by the equipment is also predicted to contribute to the market growth. Along with these, manufacturing of robust analyzers that can withstand harsh industrial environments and high temperatures is predicted to offer lucrative opportunities to the market growth in the future.
Process Analyzers Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Use of Process Analyzers in Drug Safety
- Advancements of Technology of Process Analyzers
Challenges
- Lack of Skilled Professionals
Process Analyzers Segmentation
By type, the process analyzers market is segmented into pH/ORP analyzers, conductivity Analyzers, chlorine Analyzers, liquid density analyzers, MLSS analyzers, TOC analyzers, out of which the pH/ORP analyzers segment is expected to grow at a significant rate owing to the growing adoption of pH/ORP analyzers across oil and gas industries worldwide. Additionally, based on end-use industry, the pharmaceutical segment is expected to account for the largest market share during the forecast period. Process Analyzers are an integral part of pharma product manufacturing processes. The pharmaceutical industry has to maintain product quality and follow the rules and regulations for medicinal drugs, necessitating the wide use of process analyzers, especially during the pandemic times. These factors are assessed to give a boost to the growth of the market segment in the coming years.
Our in-depth analysis of the global market includes the following segments:
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End-use Industry |
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Customize this ReportProcess Analyzers Industry - Regional Synopsis
The process analyzers market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. In the Asia Pacific, the use of process analyzers and solutions is expected to increase rapidly during the forecast period in countries such as China, India, and Japan. Asia Pacific industry is anticipated to hold largest revenue share by 2037, ascribing to large-scale advancements and technological innovations in the manufacturing industry. Furthermore, in 2030, the North American region is evaluated to hold the largest share in the market worldwide, followed by Europe and the Asia Pacific. This can be credited to the increasing technological advancements and growing adoption of process analyzers in oil and gas industries in the region. Apart from these, the growing application areas of process analyzers across different industry verticals such as pharmaceuticals, water and wastewater, power generation, and food and beverages, among others, is another major factor driving the growth of the process analyzer market in the region. According to Select USA Government Organization, the United States is the largest market for biopharmaceuticals, accounting for around a one-third share of the global market, and is the world leader in biopharmaceutical R&D.
Companies Dominating the Process Analyzers Landscape
- ABB Ltd.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- AMETEK Process Instruments
- Applied Analytics, Inc.
- Endress+Hauser AG
- Emerson Electric Co.
- Mettler-Toledo International Inc.
- Siemens AG
- Thermo Fisher Scientific, Inc.
- Yokogawa Electric Corp.
In the News
Author Credits: Abhishek Verma
- Report ID: 3299
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT