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Technavio’s research analyst predicts the global liquid analytical instrument market to grow steadily at a CAGR of about 6% during the forecast period. There has been a growing need to measure parameters, such as the amount of dissolved oxygen, conductivity and resistivity, turbidity, and pH/ORP of a liquid that is applicable in almost all process industries such as water and wastewater, oil and gas, chemical, power, biotechnology, and pharmaceuticals. This need has created a high demand for these liquid analytical instruments leading to the growth of the market.
There is a growing demand for real-time data monitoring in several end-user industries such as the water treatment industry to improve the overall process efficiency. Several oil companies are trying to convert their existing fields into smart fields, which require the use of instruments to analyze the process and monitor the content of substance. The increased conversion of oil and gas fields to the digital form will be a growth driver for various liquid analytical instruments.
The pH/ORP application segment dominated the global liquid analytical instrument market in 2015. This segment is expected to grow at a CAGR of about 7% during the forecast period. The pH/ORP measurement is mainly used in the water and wastewater treatment industry and helps in determining the hardness of water.
The transmitter product segment dominated the global liquid analytical instrument market during 2015. A liquid analytical transmitter is used to measure the resistivity/conductivity, pH/ORP, and dissolved oxygen in a liquid. It is mainly used in conductivity measurement, which is utilized in a variety of industrial applications.
The water industry was the most dominant end-user of the global liquid analytical instrument market in 2015. This segment is expected to grow at a CAGR of around 5% during the forecast period. The growth of the global water industry has generated high demand for liquid analytical instruments. Water such as seawater, groundwater, municipal drinking water, and wastewater are treated using water treatment equipment. Analytical instruments are used to measure the pH/ORP, turbidity, oxygen analysis/dissolved oxygen, conductivity/resistivity, chlorine, and total organic carbon in water.
The Americas accounted for around 39% of the market share during 2015. The presence of many pharmaceutical companies in the region has contributed to the growth of the liquid analytical instrument market. Increased adoption of liquid analytical instruments for water and wastewater treatment applications has also been propelling market growth in the region.
Large and international vendors dominate the global liquid analytical instrument market. Regional and local vendors find it difficult to compete with established players as analytical instruments require the incorporation of precise electronics that comes at a high price. Hence, small vendors are discouraged from entering the capital-intensive market.
The leading vendors in the market are -
Other prominent vendors in the market include AMETEK, Analytik Jena, Danaher, GE, Honeywell, and Yokogawa Electric.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
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