Moisture Analyzer Market Outlook – 2030
The global moisture analyzer market share was $1.61 billion in 2020, and is projected to reach $2.27 billion by 2030, registering a CAGR of 3.8% from 2021 to 2030. Moisture analyzer is an instrument or device used for determination of moisture content of a product. A moisture analyzer is extremely important as it is necessary across a number of industries. It is also known as moisture balance or moisture meter and it performs moisture analysis by using loss on drying (LOD) method.
Moisture analyzer is a programmable benchtop laboratory instrument used to measure the moisture content of samples and products being manufactured or processed. It is adopted and used in many industries such as foods & beverages, pharmaceuticals, and metal & mining.
In the coming years, the moisture analyzer industry is expected to generate moderate revenue. However, the moisture analyzer market is reaching the maturing stage, and is expected to generate modest revenue for key players in the coming years.
Factors such as rise in demand for moisture analyzers in the healthcare industry, increase in awareness for protection & maintenance of industrial products, and high demand from food and beverage sector are expected to drive growth of the market in the future. However, lack of skilled labor acts as major barriers and hamper the market growth. Furthermore, surge in demand for in-line moisture analyzers in the automation industry is expected to offer lucrative opportunities for growth of the moisture analyzer market.
By Type
Desktop-Mounted segment will secure the leading position during forecast period
Segment Overview
The moisture analyzer market is analyzed by type, end user, and region. By type, the market is divided into desktop-mounted, handheld, and in-line. By end user, it is categorized into petroleum and chemical, pharmaceuticals, food and beverage, wood, paper and pulp, semiconductor, and others. By region, the moisture analyzer market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with its prominent countries.
By End User
Food and Beverage segment projected to be the most lucrative segment
Competitive Analysis
The key players profiled in the report include Ametek Inc., General Electric Co., Kett Electric Laboratory, Metrohm AG., Mettler-Toledo International Inc, PCE Instrument, Sartorius AG, Shimadzu Corp., SpectraSensors Inc., and Sinar Technology Inc. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
By Region
Asia-Pacific region would exhibit the highest CAGR of 5.2% during 2021 - 2030
COVID-19 Impact Analysis
The ongoing spread of COVID-19 has become one of the biggest threats to the global economy and is causing widespread concerns and economic hardship for consumers, businesses, and communities across the globe. The “new normal” that includes social distancing and working from home has created challenges with daily activities, regular work, needs, and supplies, causing delayed initiatives and missed opportunities.
The COVID-19 pandemic has impacted the society and overall economy across the globe. The impact of this outbreak has grown day-by-day that affects the supply chain. This has created uncertainty in the stock market; decreased business confidence, slowed supply chain, and increased panic among customers. European countries under lockdown have suffered a major loss of business and revenue due to shutdown of manufacturing units in the region. Operations of production and manufacturing industries have been heavily impacted by the outbreak of COVID-19, which led to decrease in growth of the moisture analyzer market in 2020.
According to the moisture analyzer market trends, the COVID-19 pandemic has severely impacted the global manufacturing and industrial sectors as production facilities have stalled, which, in turn, led to significant demand in industries.
Emergence of COVID-19 has declined growth of the market in 2020, and is estimated to witness slow growth till the end of 2021. Implementation of partial or complete lockdown across various countries globally is the prime reason for decline in growth rate of the market. As industries were temporarily shut, it reduced the need for maintenance from various industries.
Top Impacting Factors
Significant factors that impact the global moisture analyzer market include rise in demand for moisture analyzers in the healthcare industry, increase in awareness for protection & maintenance of industrial products, and high demand from the food and beverage sector. In addition, the market is influenced by lack of skilled labor. Moreover, surge in demand for in-line moisture analyzers in the automation industry affect the market growth to a certain extent. Each of these factors is anticipated to have a definite impact on the global moisture analyzer market during the forecast period. These factors are expected to offer lucrative opportunities for the moisture analyzer market growth in the coming years.
Rise in Demand For Moisture Analyzers in Healthcare Industry
Excessive or deficient moisture proportion negatively impacts physical properties of a pharmaceutical and healthcare product. There is a huge list of properties of pharmaceutical products such as chemical stability, crystal structure, compaction, lubricity, dissolution rate, and polymer film permeability that are influenced by moisture content, and directly affect how tablets are made. In addition, presence of moisture affects consistency and stability of healthcare products such as tablets.
Moisture analyzers are widely used in the healthcare industry for moisture testing of liquid medicines and medicine particles, inspection of medicines, and pretreatment of medical samples. Moreover, moisture content influences chemical and physical properties of products, thus presence of proper moisture level is important. These factors drive adoption and demand for moisture analyzers in the healthcare industry, which, in turn, drives the moisture analyzer market growth.
High Demand From Food and Beverage Sector
Moisture content plays an important role in the food and beverage sector as it directly influences quality, taste, texture, and shelf life of products. Excess water in a food product can cause increase in the rate of microbial growth, which can spoil a product and decrease the length of time it can stay fresh. Moreover, moisture content can have dramatic effects on quality of a food product, thus the food and beverage sector is widely adopting moister analyzers. In addition, too much moisture in food products causes condensation in machinery used to process food items. Therefore, moisture content analysis is essential for food production companies, which propels the market. Thus, the aforementioned factors are expected to have a significant impact on growth of the market.
Key Benefits For Stakeholders
- This study comprises analytical depiction of the moisture analyzer market size along with the current trends and future estimations to depict imminent investment pockets.
- The overall moisture analyzer market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The present moisture analyzer market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and the moisture analyzer market share of key vendors.
- The report includes the market trends and the moisture analyzer market share of key vendors.
Moisture Analyzer Market Report Highlights
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Analyst Review
The moisture analyzer market is highly competitive, owing to strong presence of existing vendors. Moisture analyzer vendors, who have access to extensive technical and financial resources are anticipated to gain a competitive edge over their rivals as they have the capacity to cater to the global market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.
The moisture analyzer market exhibits high growth potential in electronics industry and automotive industry. The current business scenario is witnessing an increase in demand for food & beverage products, smart electronics, particularly in developing regions such as China and India, owing to surge in population and rise in demand for consumer electronics. Companies in this industry are adopting various innovative techniques, such as mergers and acquisitions to strengthen their business position in the competitive matrix.
The market growth is supplemented by proactive industrialization efforts and surge in manufacturing output due to technological advancements. These factors have allowed emerging markets to evolve as the largest markets during the forecast period both from the demand as well as the supply side. Public & private organizations have substantially invested in R&D activities and fabrication techniques to develop cost-effective moisture analyzer. Asia-Pacific is the major revenue contributor to the global market, followed by Europe. The market growth in Asia-Pacific and Europe is expected to significantly increase during the forecast period.
The moisture analyzer market provides numerous growth opportunities to the market players such as Ametek Inc., General Electric Co., Kett Electric Laboratory, Metrohm AG., Mettler-Toledo International Inc., PCE Instrument, Sartorius AG, Shimadzu Corp., SpectraSensors Inc., and Sinar Technology Inc. These companies are engaged in the process of product innovation, collaboration, and acquisition to expand their services across various regions.
The Moisture Analyzer Market is estimated to grow at a CAGR of 3.8% from 2021 to 2030.
The Moisture Analyzer Market is projected to reach $2.27 billion by 2030.
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Rise in demand for moisture analyzers in the healthcare industry, and increase in awareness for protection & maintenance of industrial products etc. boost the market growth.
The key players profiled in the report include Ametek Inc., General Electric Co., Kett Electric Laboratory, Metrohm AG., and many more.
On the basis of top growing big corporations, we select top 10 players.
The Moisture Analyzer Market is segmented on the basis of type, end user, and region.
The key growth strategies of Moisture Analyzer market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
Asia-Pacific region would grow at a highest CAGR of 5.2% during the forecast period.
Desktop-Mounted segment will dominate the market during 2021 - 2030.
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