Liquid analytical instrument: Key market research findings
- Need for real-time data monitoring drives the market growth
- The Americas dominate the market geographically
- Key vendors—ABB, Emerson Electric, Endress+Hauser, and Teledyne
Technavio’s market research analysts predict the global liquid analytical instrument market to grow at a CAGR of around 6% between 2016 and 2020. The need for real-time data monitoring is the fundamental driver for growth in the market. There is an increasing requirement for data monitoring to improve the operational efficiency is several end-user industries such as the water treatment industry. Liquid analytical instruments process and analyze the liquid as per the essential criteria and communicate this information through a fieldbus communication aided by transmitters. In 2015, the Americas dominated the global liquid analytical instrument market by accounting for a market share of more than 39%. The market growth in this region is attributed to the presence of numerous pharmaceutical companies here.
The new market research report from Technavio presents a breakdown and analysis of the liquid analytical instrument segments based on end-user.
“The emergence of technologically advanced devices is a trend that is reshaping the market. The rise in the demand for portable and handheld devices is resulting in the development of less expensive instruments, without compromising on quality or performance. Manufacturers are currently focusing on the developing a single instrument to measure the flow as well as the pH/oxygen reduction potential (ORP), conductivity/resistivity, turbidity, oxygen analysis/dissolved oxygen, and chlorine,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research.
The water industry was the dominant shareholder in the global liquid analytical instrument market in 2015 by accounting for more than 27% of the market share. Growth in this segment is fueled by the expansion of the global water and wastewater treatment industry. The increased necessity for high-quality, uncontaminated water for domestic consumption as a result of rapid urbanization is projected to boost growth in this segment of the market during the forecast period.
The key vendors in the market include ABB, Emerson Electric, Endress+Hauser, and Teledyne. Large and international vendors dominate the global liquid analytical instrument market. Regional and local vendors find it difficult to compete with established players as analytical instruments require the incorporation of precise electronics that comes at a high price. Hence, small vendors are discouraged from entering the capital-intensive market.
A more detailed analysis is available in the Technavio report, Global Liquid Analytical Instrument Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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