Process Analyzer Market

The process analyzer market size was valued at $7,706.3 million in 2020, and is expected to reach $12,192.0 million by 2030, registering a CAGR of 4.8% from 2021 to 2030. The report study shows the revenue generated from the sales of process analyzers used in process industries to detect or monitor the composition, flow rate, and pressure of liquids and gases that are being used in different operations. Process analyzers are used in the process industry where the operations are related to continuous flow of different liquids or gases.

The process analyser market was hampered in the first half of 2020, however the market rapidly recovered after manufacturing facilities were back with full production capacity.

The major driving factor of the process analyzer market is rising demand for wastewater treatment. Urbanization has impelled the need for efficient water management solutions. Rise in focus on the quality of water & public health, increase in industrial demand, and stringent governmental regulations on treating wastewater are leading to the increasing need of water & wastewater treatment facilities. In addition, increasing use of process analyzers in drug safety is the other driving factor of the market. The COVID-19 pandemic has highly propelled the pharmaceuticals market. Furthermore, adoption of automation, artificial intelligence, and smart technology in the manufacturing industry around the world is also a major driving factor of the process analyzer market. However, lack of skilled professionals results in the problem to operate the process analyzer, which can otherwise, lead to errors in monitoring the substance. In addition, high cost of process analyzer and its software leads the manufacturer to opt for simple and low-cost monitoring solutions instead of installing high-cost process analyzers. This acts as a restraint to the market. Furthermore, during the COVID-19 outbreak, construction, manufacturing, and oil & gas industries were majorly affected. Construction activities were also stopped or restricted to a huge extent. Manufacturing and transportation activities along with their supply chains were hampered on a global level. This directly hampered the process analyzer market growth for a brief period. However, the market gained stability in the third and fourth quarter of 2020. Moreover, gradually, all industries are resuming their regular manufacturing and services. This is further expected to lead to re-initiation of process analyzer companies at their full-scale capacities, which is expected to help the market to start to recover by mid-2021.

On the contrary, rise in demand for process analyzers in emerging markets, such as India and China, is expected to be a major opportunity for the growth of the process analyzer market during the forecast period.

The process analyzer market is segmented on the basis of analysis type, analyzing material state, end-user industry, and region. On the basis of type, the market is divided into online analysis, inline analysis, and atline analysis. Depending on analyzing material state, it is classified into under liquid and gas. On the basis of end-user industry, the market is fragmented into oil & gas, pharmaceuticals, water & wastewater, chemical, and others. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, Russia, Italy, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

By analysis type, in 2020, the online analysis segment dominated the process analyzer industry in terms of revenue while the inline analysis segment is expected to witness growth at the highest CAGR during the forecast period. On the basis of analyzing material state, the liquid segment led the market in 2020 in terms of revenue while the gas segment is anticipated to register the highest CAGR during the forecast period. On the basis of end-user industry, the chemical segment led the market in 2020 in terms of revenue while the pharmaceuticals segment is anticipated to register the highest CAGR during the forecast period. By region, Asia-Pacific led the market in 2020 in terms of revenue while LAMEA is anticipated to register the highest CAGR during the forecast period.

Competition analysis

The major players profiled in the process analyzer market include ABB Ltd., AMETEK Process Instruments, Applied Analytics, Inc., Endress+Hauser AG, Emerson Electric Co., Mettler-Toledo International Inc., Siemens AG, Suez, Thermo Fisher Scientific, Inc., and Yokogawa Electric Corporation. Major companies in the market have adopted strategies, such as business expansion and product launch, to offer better products and services to customers in the process analyzer market share. 

Key Benefits For Stakeholders

• The report provides an extensive analysis of the current and emerging process analyzer market trends and dynamics. 
• Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
• In-depth process analyzer market analysis is conducted by estimations for the key segments between 2021 and 2030. 
• A comprehensive analysis of four major regions is provided to determine the prevailing process analyzer market opportunities.
• The market forecast analysis from 2021 to 2030 is included in the report.
• The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market.

Key Market Segments

By Analysis Type

• Online Analysis
• Inline Analysis
• Atline Analysis

By Analyzing Material State 

• Liquid
• Gas

By End-user Industry 

• Oil & Gas
• Pharmaceuticals
• Water & Wastewater
• Chemical
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Russia
  • Italy
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• LAMEA
  • Latin America
  • Middle East
  • Africa

 Process Analyzer Market Report Highlights