Liquid Analytical Instrument Market is expected to attain a size of USD 606.2 million by 2019 - 2025

07/mag/2019 11:22:38 Annesa Saha Contatta l'autore

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May 07, 2019: The global liquid analytical instrument market size is expected to reach USD 606.2 million by 2025, according to a new study conducted by Grand View Research, Inc., registering a 5.5% CAGR during the forecast period. Increasing demand for liquid analytical instruments in food and beverage processing units for control and measurement of chemical composition of fluids is expected to drive the market.

Liquid analytical instruments are largely used in industrial manufacturing processes as they provide bias-free outcomes and rapid and accurate measurements. Increasing adoption of automated liquid analytical instruments in the pharmaceutical industry helps decrease human interferences and enable effective data control and monitoring. This is further anticipated to propel market growth over the forecast period.

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Rapid and extensive development of the biotechnology industry, coupled with high adoption rate of precise analytical instruments, is expected to drive the market through 2025. Emergence of advanced technologies such as high-frequency liquid analysis and stream selection technology is further expected to fuel market growth.

Increasing demand for liquid analytical instruments for real-time data monitoring in end-use industries such as water treatment to enhance overall process efficiency is further contributing to market growth. Moreover, focus on protecting the environment and stringent environmental policies has propelled the adoption of liquid analytical instruments in various end-use industries such as chemicals, pharmaceuticals, and healthcare and biotechnology.

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Further key findings from the report suggest:

  • By instrument, infrared analyzers are expected to emerge as the fastest-growing instrument segment, registering a CAGR of over 6.5% over the forecast period. This can be attributed to benefits such as high-speed measurements and non-destructive analysis
  • Liquid analytical instruments are widely adopted in wastewater management applications as a result of increased demand for real-time data monitoring and growing awareness about environmental protection measures across the world
  • Liquid analytical instruments are widely used in the food and beverage industry to analyze liquid levels in non-alcoholic beverages, alcoholic drinks, and infusion beverages among others
  • North America is expected to retain its dominance in the market over the forecast period and is anticipated to reach USD 189.6 million by 2025. Market growth is fueled by increasing adoption of liquid analyzers in water management and biotechnology industries, in addition to stringent government regulations about environmental protection
  • Key industry participants include Honeywell International Inc.; Yokogawa Electric Corporation; ABB Ltd.; and Emerson Electric Co.

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