Global Liquid Analytical Instrument Market was valued at US$ 401.23 Mn in 2019 and is expected to reach US$ 640.46 Mn by 2026, at a CAGR of 6.02% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Liquid analytical instruments are used for monitoring process chemistry including water quality, providing process optimization, and control. Common measurements include pH, resistivity, ORP, conductivity, percent concentration, and dissolved oxygen. The liquid analysis is necessary for protecting capital assets including boilers and cooling towers, minimizing maintenance, preventing corrosion, and maximizing uptime.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding liquid analytical instrument market dynamics, structure by identifying and analyzing the market segments by instrument, end-use, application, and region and, project the global market size.
Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to a particular market segment.
Increasing demand for liquid analyzers to lower processing costs and decrease non-compliant waste is estimated to drive the market over the forecast period. Additionally, growing product demand for inspection of water quality in the water and wastewater management industry is boosting the market growth. Stringent environmental and government systems are driving the adoption of liquid analytical instruments in a number of end-use industries. However, a shortage of skilled labor results in non-operational regulations, as well as high maintenance costs of these analyzers, which is hampering the market growth.
The pH/ORP analyzers segment is expected to the highest market share in the global liquid analytical instrument market during the forecast period owing to the growing need for pH/ORP analyzers for accurate measurement of the hardness of the water. These analyzers display the measurement and transmission rating of pH, ORP, or ISE in the various applications in the water and wastewater sector.
Wastewater management is projected to the fastest-growing segment in the global liquid analytical instrument market due to an improved focus on environmental protection, safety, and real-time data monitoring of water purification processes. Liquid analyzers offer aeration control in wastewater treatment plants.
North America dominated the global liquid analytical instrument market in 2017. Coupled with stringent environmental regulations regarding wastewater management has fueled the sale of liquid analytical instruments in countries such as Canada and U.S. Asia Pacific is expected to the largest market share over the forecast period owing to the growth of the pharmaceutical industry in the region.
Some of the key players in the global liquid analytical instrument market are ABB Ltd., Analytical Systems Keco, Electro-Chemical Devices, Inc., Schneider Electric SE, Honeywell International Inc., Emerson Electric Co., Endress-Hauser Management AG, Mettler-Toledo International Inc., Teledyne Technologies Incorporated, and Yokogawa Electric Corporation.
Scope of the Global Liquid Analytical Instrument Market
Global Liquid Analytical Instrument Market by Instrument
• pH/ORP Analyzers
• Turbidity Analyzers
• Dissolved Oxygen Analyzers
• Ammonium Analyzer
• Chlorine Analyzers
• Near Infrared Analyzers
Global Liquid Analytical Instrument Market by End-Use
• Food & Beverages
• Pharmaceutical companies
• Biotechnology industry
• Academic research
Global Liquid Analytical Instrument Market by Application
• Water Purification
• Liquid Chemistry Monitoring
• Drug Discovery
• Wastewater Management
Global Liquid Analytical Instrument Market by Geography
• North America
• Middle East & Africa
• South America
Key Players Operating in the Global Liquid Analytical Instrument Market
• ABB Ltd.
• Analytical Systems Keco.
• Electro-Chemical Devices, Inc.
• Schneider Electric SE
• Honeywell International Inc.
• Emerson Electric Co.
• Endress-Hauser Management AG.
• Mettler-Toledo International Inc.
• Teledyne Technologies Incorporated
• Yokogawa Electric Corporation
• Analytik Jena
• Omega Engineering
• Thermo Fisher Scientific
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