Silica Analyzers Market size was over USD 135 Billion in 2023 and is set to cross USD 205 Billion by the end of 2036, growing at more than 8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of Silica Analyzers is estimated at USD 150 Billion.
The main reason behind the expansion of the silica analyzers' market share is the increasing power demand worldwide. For instance, according to the World Data Organization’s report, in 2021 and 2022, electricity generated from fossil fuels met 45% and 40% of the additional demand, respectively, with the remaining electricity coming from nuclear power. The global population is expanding and people are becoming wealthier, which is driving up energy consumption in many countries.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2036 |
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CAGR |
8% |
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Base Year Market Size (2023) |
USD 135 Billion |
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Forecast Year Market Size (2036) |
USD 205 Billion |
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Regional Scope |
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Type (Equipment, Consumables)
Equipment segment is poised to dominate around 75% silica analyzers market share by the end of 2036. The equipment of silica analyzers are used in different industrial sectors and they are determined through different measures.
Determining the precise elemental composition of advanced materials and identifying potential impurities are consequently essential components of the silica analyzers' characterization. Both the end product's qualities and production processes can be optimized with the use of this knowledge. ICP-OES or ICP-MS are flexible instruments that can be used to frequently get such information since they enable sensitive multi-element analysis in a range of matrices (e.g., high-purity materials, semiconductors, electronic materials, metals, alloys, ceramics, and polymers).
Industry (Semiconductor, Power Generation)
By the end of 2036, power generation segment is estimated to account for more than 70% silica analyzers market share.
Moreover, the database of the World Resource Institute contains thermal (coal, gas, oil, nuclear, biomass, waste, and geothermal) and renewable (hydro, wind, and solar) power plants, totaling over 35,000 units across 167 nations. Silica can create severe issues in power plants such as material harm, and decrease effectiveness. Silica analyzers are implemented in power plants to supervise and manage the silica level in boiled feedwater, steam, and cold water. For instance, in power plants, silicate and phosphate are measured in boiler water; 60–120 samples can be evaluated every hour.
Our in-depth analysis of the global market includes the following segments:
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Type |
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Industry |
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Silica Analyzers Type |
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Technology |
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End-User Industry |
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APAC Market Statistics
Asia Pacific region in silica analyzers market is poised to dominate around 40% revenue share by the end of 2036. This advancement will be credited to the existence of a huge number of coal-fired power plants in the APAC region. In line with the International Energy Agency (IEA), to promote decarbonization initiatives, including a just transition away from coal power, two new Just Energy Transition Partnerships (JETP) were announced in 2022 in Indonesia (with a budget of USD 20 billion) and Viet Nam (USD 15.5 billion).
The rising refurbishment of coal plants and increasing coal power generation in China will propel the expansion of the silica analyzers industry. In 2021, China's installed coal-based power generation capacity amounted to 1080 GW, which represents about 50% of the country's total installed power station capacity.
The rising government support in Korea to increase the manufacturing industry will be the primary reason behind the silica analyzers market expansion in this region. To support the semiconductor sector, the Korean government plans to increase tax incentives by up to 25 percent, from the current 16 percent.
The rising construction industry in Japan will exponentially expand the industry growth of silica analyzers. In fact, even though Japan has around 475 thousand licensed construction businesses, the country's construction industry is dominated by Super Zenecon, a group of five large general contractors.
North American Market Analysis
By 2036, North America region in silica analyzers market is expected to account for around 27% share and will hold the second position with a size of around 50 Million propelled by the rising demand for electricity in this region and the requirement for silica analyzers in the nuclear plants. AI in IoT uses a lot of energy, especially when it's testing, and its use is predicted to increase significantly over the next ten years. Furthermore, the United States (15) and Canada (2) account for 17 of the world's top 50 power-hungry data centers, with 14 of them situated in zones of heightened risk and one in a high-risk zone.
The rising nuclear reactor plants in the U.S. will help to create the market growth of silica analyzers in this region. Moreover, according to the U.S. Energy Information Administration (EIA), the total number of nuclear reactors in the U.S. is around 93.
Canada will account for a significant market expansion depending on the rising use of robotics in different sectors. Geographically, 81% of supplier offices for robots are located in Central Canada and these offices require silica analyzers to develop the robots properly.
The expansion of the various market segments aids in the acquisition of knowledge about the various growth variables anticipated to be present across the board and in the formulation of various tactics to assist in identifying key application areas and the distinctions within the target market. Some famous key players in the silica analyzers sector are
Author Credits: Rajrani Baghel
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