The Business Research Company’s report on the Process Analyzer Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the process analyzer market further?
The increasing demand for wastewater treatment for various industries is propelling the process analyzer market. Wastewater treatment is a process that eliminates as many suspended materials as possible before releasing the leftover water (effluent) back into the environment. Process analyzers are used in the detection of any impurities during wastewater treatment. For instance, in March 2022, according to a report published by the World Health Organization, a Switzerland-based responsible international public health, 2 billion people worldwide consume contaminated drinking water, which can spread diseases and is projected to cause 485,000 diarrheal deaths yearly. Furthermore, the UN aims to provide universal coverage of essential drinking water services by 2030. Therefore, the increasing demand for wastewater treatment will drive the process analyzer market.
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What are the key factors influencing the forecasted market size of the process analyzer industry?
The process analyzer market size has grown strongly in recent years. It will grow from $7.37 billion in 2024 to $7.79 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to demand for process optimization, increasing industrial automation, quality control in manufacturing, stringent regulatory standards, safety concerns in chemical processing.
The process analyzer market size is expected to see strong growth in the next few years. It will grow to $9.96 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to smart manufacturing, rise in laboratory automation, remote monitoring solutions, focus on green chemistry, development of miniaturized analyzers. Major trends in the forecast period include advancements in sensor technologies, integration of IoT and industry 4.0 technologies, focus on real-time analysis, multiparameter analyzers, cloud-based solutions, customization and modular solutions.
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Who are the leading competitors in the process analyzer market?
Major companies operating in the process analyzer market are ABB Ltd., Ametek Inc., Endress+Hauser Management AG, Emerson Electric Co., Siemens AG, Agilent Technologies Inc., Anton Paar GmbH, Applied Analytics Inc., Bruker Corporation, Cemtrex Inc., Cubic Sensor and Instrument Co. Ltd., Focused Photonics Inc., General Electric Company, Honeywell International Inc., Horiba Ltd., INFICON Inc., Jasco Corp., Kett Electric Laboratory, Metrohm AG, Mettler-Toledo International Inc., Modcon Systems Ltd., Nova Analytical Systems Inc., OMEGA Engineering Inc., PerkinElmer Inc., Thermo Fisher Scientific Inc., Sartorius AG, Sick AG, Shimadzu Corporation, Spectris PLC, Suez SA, Aneolia, Applied Spectra Inc., BlueSens gas sensor GmbH, Analytical Systems Keco, COSA Xentaur Corporation
Which emerging trends are set to transform the process analyzer market landscape?
Technological advancement is a key trend in the process analyzer market. Major companies operating in the process analyzer market are focused on innovating new technologies to sustain their position in the market. For instance, in March 2023, Veolia Water Technologies & Solutions, a France-based water treatment company, introduced the Sievers TOC-R3. The Sievers TOC-R3 is an online monitoring solution that uses non-catalytic combustion technology to make profitable process decisions and avoid shutdowns, maintenance costs, product loss, and environmental discharge penalties. This system paired with low maintenance and is unique in its ability to directly measure Purgeable/Volatile Organic Carbon (POC/VOC). It offers simple method flexibility to meet each application need, automated dilution and rinsing capabilities to handle even harsh samples with minimal maintenance, complete combustion for confidence in data no matter how the sample matrix changes, and advanced data management and intuitive software for a straightforward user experience. This solution helps industries to streamline operations and maintenance to solve critical water challenges.
How do different geographies compare in terms of market share and growth potential in the process analyzer market?
Asia-Pacific was the largest region in the process analyzer market share in 2024. The regions covered in the process analyzer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which major segments of the process analyzer market are experiencing the fastest growth?
The process analyzer market covered in this report is segmented –
1) By Analysis: Online Analysis, Inline Analysis, Atline Analysis
2) By Analyzing Material State: Liquid, Gas
3) By End-User: Oil And Gas, Chemical, Pharmaceutical, Mining, Food And Beverage, Power Generation
Subsegments:
1) By Online Analysis: Continuous Monitoring, Real-Time Data Acquisition
2) By Inline Analysis: Integrated Measurement Systems, Process Stream Analysis
3) By Atline Analysis: Laboratory Sampling, Off-line Testing And Analysis
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How is the process analyzer market defined?
Process analyzers assist in the analysis of a product during processing by determining its chemical composition, boiling temperature, freezing point, viscosity, pressure, and color. It compares the sample to a known calibration to determine if the product is contaminated, as any contamination can disrupt the sample’s properties.
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