Global Liquid Analytical Instrument Market 2016-2020

Market outlook of the global liquid analytical instrument market

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.

Application segmentation and analysis of the global liquid analytical instrument market

• pH/ORP
• Conductivity/resistivity
• Turbidity
• Oxygen analysis/dissolved oxygen

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.

Product segmentation and analysis of the global liquid analytical instrument market

• Transmitter
• Sensor

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.

End-user segmentation and analysis of the global liquid analytical instrument market

• Water
• Chemical
• Oil and gas
• Power
• Pharmaceuticals

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.

Geographical segmentation and analysis of the global liquid analytical instrument market

• Americas
• EMEA
• APAC

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.

Competitive landscape and key vendors

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 -

• ABB
• Emerson Electric
• Endress+Hauser
• Teledyne

Other prominent vendors in the market include AMETEK, Analytik Jena, Danaher, GE, Honeywell, and Yokogawa Electric.

Key questions answered in the report include

• What will the liquid analytical instrument market size and the growth rate be in 2020?
• What are the key factors driving the global liquid analytical instrument market?
• What are the key liquid analytical instrument market trends impacting the growth of the market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global liquid analytical instrument market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global liquid analytical instrument market?

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Related reports:

• Global Liquid Analytical Instrument Market 2015-2019
• Global Process Automation and Instrumentation Market 2016-2020
• Global Dissolved Oxygen Meter Market 2016-2020