Global Process Analyzer Market Overview:
The Process Analyzer Market size was valued at USD 6.0 billion in 2023. The process analyzer industry is projected to grow from USD 6.5 Billion in 2024 to USD 11.4 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.4% during the forecast period (2024 - 2032). Increased emphasis on water quality and public health, increased industrial demand, and stringent governmental regulations on wastewater treatment are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Process Analyzer Market Trends
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Increasing the use of process analyzers in drug safety is driving market growth.
Market CAGR for process analyzers is being driven by the rising investment in the development of advanced solutions in the pharmaceutical industry. The pharmaceutical industry utilizes liquid density meters to evaluate the material porosity of a solid drug substance or determine the particular gravity of liquid samples. Evaluation of density is useful to satisfy quality control standards and review the last state of a solid or discontinued formulation in the liquids being tested and manufactured in a pharmaceutical plant. TOC analyzers are widely utilized in the pharmaceuticals industry for water quality control and Environmental Protection Agency (EPA) compliance for the US pharmaceuticals industry. The increasing focus on drug safety and regulatory requirements to characterize drugs will likely boost the demand for process analyzers, especially during the COVID-19 pandemic.
The growing oil and gas industry represents one of the key factors driving the market's growth. There is a growing need for wastewater treatment plants since industrial wastewater is characterized by high concentrations of salts, particles, and toxic chemicals, which are harmful to the environment. The increasing water shortage is catalyzing the need for wastewater treatment and disposal, which also contributes to the market growth for process analyzer.
Additionally, manufacturers are increasingly adopting process analyzers to constantly monitor production processes for optimizing resource usage and reducing waste generated. Manual inspection techniques are rapidly being replaced to reduce losses caused by human errors and, in turn, are providing a thrust to market growth. Similarly, the pharmaceutical industry's adoption of process analysis tools is acting as a growth-inducing factor. Other factors, including rapid automation of industrial processes and favorable government policies to ensure better production and quality of industrial products, are projected to drive the process analyzer market revenue.
Process Analyzer Market Segment Insights:
Process Analyzer Type Insights
The Process Analyzer Market segmentation, based on type, includes PH/ORP analyzers, conductivity analyzers, near-infrared analyzers, turbidity analyzers, dissolved oxygen analyzers, chlorine analyzers, liquid density analyzers, MLSS analyzers, TOC analyzers, aluminum analyzers, ammonia analyzers, fluoride analyzers, and others. The dissolved oxygen analyzers segment dominated the market, accounting for major market revenue over the forecast period. There has been a substantial expansion in the adoption of oxygen process analyzers across various process industries, particularly pharmaceutical and petrochemical.
Process Analyzer Application Insights
The Process Analyzer Market segmentation, based on services, includes oil & gas, petrochemicals, pharmaceuticals, water & wastewater, power generation, food & beverages, semiconductor processing, pulp & paper, metal & mining, and others. The pharmaceuticals category generated the most income over the forecast period. The pharmaceutical industry has to maintain product quality and follow the rules and regulations for medicinal drugs, necessitating the wide use of process analyzers, especially during pandemic times. These factors give an impetus to the market growth in the pharmaceutical industry.
Process Analyzer Services Insights
The Process Analyzer Market segmentation, based on services, includes pre-sales {start-up & commissioning services, and technical support services}, and post-sales {parts & spares services, preventative maintenance services, and on-site training services}. The post-sales category generated the most income over the forecast period. This is due to the growing number of fatal gas leakages and explosions accidents.
Figure 1: Process Analyzer Market, by Services, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Process Analyzer Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific process analyzer market will dominate this market, owing to the large-scale advancements and technological innovations in the manufacturing industry; this necessitates using process analyzer solutions. Most key global manufacturers from various industries have shifted their manufacturing units to this region due to the low labor costs and easy availability of a skilled workforce. Moreover, the China process analyzer market held the largest market share, and the India process analyzer market was the fastest-growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Process Analyzer Market SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe process analyzer market accounts for the second-largest market share due to the rising demand for wastewater treatment. Urbanization has urged the need for efficient water management solutions. The 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 for water & wastewater treatment facilities. Further, the German process analyzer market held the largest market share, and the UK process analyzer market was the fastest-growing market in the European region.
The North America process analyzer market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the Prevalence of advanced technology and the launch of various products in process analyzer. The pharmaceutical companies in the US have already adopted process analyzers for water quality control and Environmental Protection Agency (EPA). Moreover, the Canada process analyzer market held the largest market share, and the US process analyzer market was the fastest-growing market in the Asia-Pacific region.
Process Analyzer Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the process analyzer market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the process analyzer industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global process analyzer industry to benefit clients and increase the market sector. Major players in the process analyzer market include Yokogawa Electric Corporation, Emerson Electric Co, Cemtrex, Inc., and AMETEK.Inc., ABB, Endress+Hauser Management AG, Honeywell International Inc., Schneider Electric, SUEZ, Hach, Modcon Systems LTD, and others are attempting to increase market demand by investing in research and development operations.
ABB Ltd is a provider of digital technologies. The firm offers products, systems, solutions, and services related to motion, electrification products, and industrial automation. It delivers harness power reliability, increases industrial productivity, and enhances energy efficiency. ABB sells products via a direct sales force and third-party channel partners such as distributors, installers, machine builders, wholesalers, OEMs, and system integrators. It delivers digitally connected and enabled industrial equipment and systems to consumers in utilities, industry, transport, and infrastructure sectors in Asia, the Americas, the Middle East, Africa, and Europe. In March 2020, ABB launched a new range of color-coded sensors that make it easy to choose and manage the optimal pH measurement solution. The sensors will assist in analyzing the pH level of water more effectively.
Emerson Electric Co provides innovative solutions for customers in commercial, industrial, and residential markets. The company offers measurement and analytical instrumentation, industrial valves, equipment, process control software and systems, fluid control, pneumatic mechanisms, electrical distribution equipment, and other products. It also provides modernization and migration, process automation, smart wireless, consulting, training, and after-project support services. The company markets its products under Emerson, Grind2Energy, InSinkErator, Badger, ProTeam, and RIDGID. In July 2019, Emerson introduced two new Rosemount 628 Universal Gas Sensors to measure carbon monoxide and oxygen depletion and the existing capability to monitor hydrogen sulfide. These additions to the series cover a wider range of hazardous situations that can be monitored utilizing the Rosemount 928 Wireless Gas Monitor platform.
Key Companies in the Process Analyzer market include
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ABB Ltd. (Switzerland)
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AMETEK Process Instruments (US)
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Applied Analytics, Inc. (US)
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Endress+Hauser AG (Switzerland)
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Emerson Electric Co. (US)
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Suez (France)
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Mettler-Toledo International Inc. (US)
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Siemens AG (Germany)
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Endress+Hauser AG (Switzerland)
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Thermo Fisher Scientific, Inc. (US)
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Yokogawa Electric Corp. (Japan)
Process Analyzer Industry Developments
November 2021: Gasera launched the GASERA ONE HF hydrogen fluoride gas process analyzer is based on combining ultra-sensitive cantilever-enhanced photoacoustic detection technology with a TDLAS, abbreviated as tunable diode laser source operating at a fundamental spectral absorption line of hydrogen fluoride (HF). GASERA ONE HF is used for hydrogen fluoride (HF) monitoring at extremely low levels in ambient air and is an effective tool to protect people and the environment.
Process Analyzer Market Segmentation:
Process Analyzer Type Outlook
Process Analyzer Application Outlook
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Oil & Gas
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Petrochemicals
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Pharmaceuticals
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Water & Wastewater
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Power Generation
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Food & Beverages
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Semiconductor Processing
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Pulp & Paper
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Metal & Mining
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Others
Process Analyzer Services Outlook
Process Analyzer Regional Outlook
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Middle East
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Africa
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Latin America
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 6.0 billion |
| Market Size 2024 |
USD 6.5 billion |
| Market Size 2032 |
USD 11.44 billion |
| Compound Annual Growth Rate (CAGR) |
7.4% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Type, Application, Service, and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered |
The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
Yokogawa Electric Corporation, Emerson Electric Co, Cemtrex, Inc., AMETEK.Inc., ABB, Endress+Hauser Management AG, Honeywell International Inc., Schneider Electric, SUEZ, Hach, and Modcon Systems LTD. |
| Key Market Opportunities |
Rising investment in the development of advanced solutions |
| Key Market Dynamics |
Rising demand for water and wastewater treatment plants |
Process Analyzer Market Highlights:
Frequently Asked Questions (FAQ) :
The Process Analyzer Market size was valued at USD 6.0 Billion in 2023.
The global market is projected to grow at a CAGR of 7.4% during the forecast period, 2024-2032.
Asia Pacific had the largest share of the global market
The key players in the market are Yokogawa Electric Corporation, Emerson Electric Co, Cemtrex, Inc., AMETEK.Inc., ABB, Endress+Hauser Management AG, Honeywell International Inc., Schneider Electric, SUEZ, Hach, and Modcon Systems LTD.
The dissolved oxygen analyzer category dominated the market in 2023.
The pharmaceutical had the largest share of the global process analyzer industry.
The post-sales had the largest share in the global market.
