Process Analyzer Market size is anticipated to grow at a rapid rate owing to the rising demand to enhance the

product quality, reduce manufacturing costs, and meet strict safety & health requirements. Manufacturers are
trying to gain a tight control over the production processes to optimize the usage of materials and eliminate or
reduce the manufacturing of off-specification materials, thereby saving disposal or reprocessing expenses.
These systems enable asset protection, optimization, and adherence to environmental regulations. Manual
inspection techniques of material in industries are taking a backfoot owing to the error margins caused due to
human involvement. The precise periodical or continuous measurement of chemical or physical parameters in
an industrial process facilitated by the equipment will contribute to the process analyzer market growth.

The growing wastewater and critical water issues that are challenging the business are fueling the adoption of
the systems, thereby positively impacting the process analyzer market. Industrial wastewater is characterized
by high salt concentrations, high particle densities, and high fluctuating loads and may include toxic chemicals
hazardous to the environment, thereby stressing the need to use these systems. The growing need to
accurately analyze industrial wastewater will drive the industry growth. The surge in the water shortage in
several regions has further led to the need to control the amount of water lost in distribution. Stringent
regulations pertaining to the treatment and disposal of industrial wastewater will support the process analyzer
marketgrowth.

Technological advancements in the process analyzer market have led to the development of high-performance
analyzers that enable a high speed of response. They are being incorporated with high-quality sensors to
ensure high accuracy during operations. Robust analyzers that can withstand harsh industrial environments
and high temperatures are being manufactured. The growing need for efficient and fast analysis in industries to
improve the productivity will boost the process analyzer market growth. Moreover, developments in the
electronics and communication sectors are facilitating real-time data transmission, thereby enabling enhanced
process control. Rising raw material and energy costs are stressing the need for efficient control and
automation, thereby supporting the process analyzer market.

The high installation and maintenance costs of these systems are restricting their adoption in industries that
have budgetary constraints hindering the process analyzer market growth. These systems comprise high-
quality sensors and hardware components that increase the overall cost of the system. Moreover, the
complicated installation of the system and the lack of availability of skilled technicians in developing regions will
also impact the process analyzer market growth. However, several government initiatives supporting
industrialization and automation coupled with the reducing electronics hardware costs in countries including
China will aid in the industry growth. The growing importance of replacing traditional manual inspection and
analysis techniques with advanced solutions will encourage industries to find solutions to install these systems
by combating the maintenance and installation challenges.

In the oil & gas industry, the adoption of these systems is anticipated to increase owing to the ongoing
technological advancements in these analyzers. The incorporation of advanced optical techniques such as
Raman spectroscopy and Tunable Diode Laser Absorption Spectroscopy (TDLAS) that facilitate automatic
validation will propel the process analyzer market growth. The tunable diode laser technology enables real-time
and fast measurement. The technology also enables long-term stability through maintenance free and inbuilt
reference gas cell, thereby eliminating the need for field calibration. In addition, the demand for high-quality gas
analyzers in manufacturing, chemicals, medical & pharmaceutical, food, and metal industries will propel the
process analyzer market growth.

Stringent government regulations pertaining to food and beverage production will compel the industries to use
high-quality analyzers, thereby positively impacting the process analyzer market. The growing competition in
the food and beverage sector is forcing companies to use high-quality solutions for regulating food quality to
ensure customer satisfaction. These systems help in the continuous monitoring of food products, thereby
certifying the quality of production. These systems are also being used by industries to ensure the quality of
raw materials received. There is a demand for enhanced solutions for temperature monitoring in fridges and
freezers. The increasing prices of raw materials, seasonal demands and regulations, and requirement of tight
automation and control in the edible oil industry will drive the process analyzer market growth.

The flourishing industrial sector in Asia Pacific is encouraging the demand for high-performance automation
solutions that will aid the process analyzer market growth. The booming manufacturing sector in countries
including China, Japan and India will encourage the adoption of these systems. Growing electronics industry
and advent of Industry 4.0 in several countries in Asia Pacific will further encourage the process analyzer
market growth. The growing popularity of smart and connected factories in countries such as Singapore and
India will also support the industry growth. Government initiatives such as National Mission for Clean Ganga in
India and launch of around 8,000 water clean-up initiatives in China are driving the demand for advanced
analyzers for water treatment.

The key players operating in the process analyzer market are ABB Ltd., Modcon Systems Ltd., Emerson
Electric Co., Yokogawa Electric Corporation, Siemens AG, Honeywell International, Inc., Endress+Hauser AG,
Teledyne Technologies, Inc., Thermo Fisher Scientific, Inc., and Mettler-Toledo International, Inc. Companies
are launching advanced solutions to cater to specific industry demands. The industry is characterized by
increasing R&D efforts from major players. The increasing demand for optimizing the manufacturing process is
compelling companies to incorporate the latest technologies in these analyzers. Increasing competitiveness
among major players to offer solutions catering to a wide range of industries will aid in the process analyzer
market growth.

Demand for Portability to Trigger New Product Development

Portability and accuracy are the major requirements when it comes to process
analyzers. The increasing need for portable process analyzers has been fueling the
production of new-aged and next-generation process analyzers that are designed
effectively for the providing accurate results and monitoring while easing the usage
with portability.

For example, the carbon dioxide gas analyzers are accurate and portable process
analyzers introduces by Q.E.D. Environmental Systems that are suitable for use in
food and beverage application. Similar developments were made by Spectro Scientific
that focuses on providing customers with a convenient, advanced and precise fluid
analysis solution, where they introduced their next-generation FluidScan oil analyzer
which are portable process analyzers.

Focus Shift towards Tunable Diode Laser Technology to Offer Future

Opportunities

The companies are increasingly moving towards tunable diode laser technology owing
to its attributes such as low detection limits, temperature and pressure determination,
and more companies are increasingly opting for process analyzers that are based on
this robust technology. Given the rise in demand, the process analyzers market
players increasingly focus on developing process analyzers that cater to the changing
needs. For instance, in support of its constant focus on innovation, METTLER
TOLEDO, launched its tunable diode laser gas analyzers which, being a cross-pipe
version would prove highly beneficial for petrochemical and chemical companies.

Investment Activities in the Leading Regions of Process Analyzers Market

expected to Provide Growth Avenues for Market Players

The increasing strategic developments carried out by companies in the leading nations
is expected to provide growth opportunities for the process analyzers market players.
For example, an investment was made by a private equity firm in Boston, Union Park
Capital which focuses on small-scale industrial technology investments, in support of
which the company acquired the LAR Process Analyzers, provider of liquid analyzers
based in Germany.

Other than Europe, the process analyzer market is spread across key regions
including APAC, North America, MEA, and Latin America. For instance, FITNIR
Analyzers were given a contract for supplying their advanced product for optimizing
the pulp process at the Aracruz Pulp Mill in Brazil. With this project the company
marks its initial footprint in the South American market.

Manufacturers to Focus on Product Portfolio Expansions to Meet Transforming

Process Analyzers Market Demand

The companies providing process analyzers are determined towards meeting the
transforming demand of the customers and providing valued products developed with
the help of cutting-edge technologies. Product portfolio expansions is, therefore, one
of the most significant strategy that is carried out by the leading players in the process
analyzers market.

The leading player Ametek Process Instruments, extended their product

portfolio with an addition of a new product, 5100 Series gas process analyzers. This
 new product introduced by the company is a portable device that provides easy
moisture analysis with the help of tunable diode laser absorption spectroscopy.

Honeywell Process Solution is another process analyzers market player who is

accelerating with the help of its effective solutions and offerings. The company
announced its new Process Safety Suite that manages the entire safety requirements
of any process. Such revelations would contribute to the demand growth of process
analyzers.

Global Process Analyzer Market Overview & Outlook

(2017-2026) - ResearchAndMarkets.com
June 22, 2018 08:57 AM Eastern Daylight Time

DUBLIN--(BUSINESS WIRE)--The "Process Analyzer - Global Market Outlook (2017-2026)" report

has been added to ResearchAndMarkets.com's offering.

The Global Process Analyzer market accounted for $6.68 billion in 2017 and is expected to reach
$16.55 billion by 2026 growing at a CAGR of 10.6% during the forecast period.

Increasing usage in waste water treatment, rapid industrialization in emerging nations, growth in
U.S. shale gas production, huge competition among organizations for producing better quality
products are some of the major driving factors of the market growth. However, decrease in oil prices
and high expenditures for the infrastructure are the factors restricting the growth.

On the basis of end user industry, oil and gas segment is projected to be the largest market share
due to the increase in demand of oil industries and intense competition between international and
local vendors. In terms of form factor, standard process analyzers is the bench topper among other
forms with the highest market share due to growing demand for organic materials to curb production
expenses, low maintenance cost and easy operation facilities.

Coverage

“Process Analyzer - Global Market Outlook (2017-2026)”

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 Market share assessments for the regional and country level segments
 Market share analysis of the top industry players
 Strategic recommendations for the new entrants
 Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the
regional markets
 Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment
Opportunities, and recommendations)
 Strategic recommendations in key business segments based on the market estimations
 Competitive landscaping mapping the key common trends
 Company profiling with detailed strategies, financials, and recent developments
 Supply chain trends mapping the latest technological advancements
Companies Mentioned

 ABB Ltd.
 AMETEK, Inc
 Applied Instrument Technologies, Inc
 Endress+Hauser AG
 GE Analytical Instruments
 Hach Lange GmbH
 Honeywell International, Inc.
 INFICON, Inc
 Mettler-Toledo International Inc.
 Teledyne Technologies, Inc.
 The Emerson Electric Company
 Thermo Fisher Scientific, Inc.
 Yokogawa Electric Corp.
 SICK AG
 Siemens AG
 Applied Analytics, Inc.
For more information about this report
visit https://www.researchandmarkets.com/research/qnfd9r/global_process?w=4

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Related Topics: Process Industry