Particle size analyser: Key market research findings
- Growing collaborations in the market
- Increased R&D Investments by vendors
Technavio has released a new market research report on the global particle size analyzer market, which is expected to grow at a CAGR of around 5% between 2016 and 2020. Growing awareness regarding health and quality of products is the major reason for the augmented usage of particle size analyzers worldwide. Particle size analyzers are equipment used for carrying out particle size analysis of materials such as liquid or powder. With growing application of nanotechnology across industries, the market for particle size analyzer has a positive outlook during the forecast period. North America leads the global particle size analyzer market, accounting for 32% of the overall market share. Much of this region’s growth comes from increased government aid and investments towards nanotechnology research.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Vendors in the global particle size analyzer market are focusing to promote their offerings in the emerging nations such as India and China. The rising industry standards regarding the quality of manufacturing in emerging countries have led to the increased adoption of particle size analyzers in these countries. Also, the market is witnessing various collaborations and acquisitions, where players are striving to increase their market share and market knowledge of untapped regions,” says Asif Ghani, Lead Analyst, Semiconductor, Technavio Research
Analysts have estimated that the market for particle size analyzers will be positively affected by the increasing investment in research and development. For instance, vendors such as Malvern Instruments, HORIBA, and Beckman Coulter have invested a significant amount of time and money in their R&D divisions to expand their product portfolios. Since this is a technology driven market, it becomes imperative for vendors to improve functionality, differentiate, and deliver low-cost products. Therefore, substantial investments in R&D will result in the launch of innovative and improved products which will spur the growth prospects of this market during the forecast period.
The key vendors in the global particle size analyzer market include Beckman Coulter, HORIBA, Malvern Instruments, Micromeritics Instrument, and Microtrac. This market is highly fragmented and is characterized by the presence of many providers in the market. The competition among the vendors is expected to intensify during the forecast period because of the advances in nanotechnology technology and strategic alliances.
A more detailed analysis is available in the Technavio report, Global Particle Size Analyzer Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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