The industry analysis presents the segmentation of the global particle analyzer market by technology (laser diffraction, nanoparticle tracking, image analysis, and dynamic light scattering), end users (healthcare, metals and minerals, oil, gas, and chemical, and others), and geography (Americas, EMEA, and APAC). The report also features the vendor landscape of the key players in the market, including Microtrac, Sympatec, and Malvern.
Technavio analysts forecast the particle analyzer market to grow at a CAGR of around 6% between 2015 and 2019. The main driving force is the demand from research facilities and laboratories owing to the growth of the healthcare and chemical sectors, coupled with the migration of R&D facilities of several companies to Asia.
Americas is the largest market for particle analyzers occupying around 41% of the total market share, and is expected to dominate the market in the forecast period generating over US $120 million by 2019. Most of the R&D facilities and major laboratories are located in this region. With the growth of several end-user industries in China, India and Australia, the APAC is expected to grow into the largest market for particle analyzers and other laboratory equipment in the future.
On the basis of technological segmentation, laser diffraction particle analyzers monopolize the market accounting for over 32% of the overall market due to its advantageous features like accuracy, speed, larger dynamic range, application flexibility, and ease of use over the other technologies that are commonly used in particle analyzers. It is the most picked technology owing to its ability to measure nano, micro as well as macro-sized powders, suspensions, and emulsions within a minute.
Global laser diffraction particle analyzer market 2014-2019 ($ millions)
Source: Technavio Research
“In recent times, the applications of particle analyzers has extended across several domains and industries. Advanced applications in areas of quality control, HVAC and nanoparticle monitoring are expected to sway the market by roping in investments, eventually leading to market growth. Particle analyzers are also used to study the environmental impact of nanomaterial wastes and contaminants using nanoparticle tracking analysis,” says Navin Rajendra, Lead Analyst, Engineering and Automation, Technavio Research.
“Real-time particle analysis has puffed up the potential range of applications of particle analyzers hugely. These analyzers are experiencing periodic growth in their functionality and accuracy considering regular software enhancements and analysis algorithms to facilitate the analysis,” says Rajendra.
The key players in the market include Malvern Instruments, Microtrac, Micromeritics Instruments and Beckman Coulter. Backed by government initiatives to promote investments, several companies like BASF, Seagate and Apple have initiated investments to set up new R&D facilities in South Korea, Singapore and Japan respectively, likely to see massive growth of this market in the forecast period.
A more detailed analysis is available in the Technavio report, Global Particle Analyzer Market– Industry Analysis 2015-2019. We can customize reports by other regions and specific segments upon request.
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