The moisture analyzer market is expected to grow from USD 1.15 Billion in 2016
to USD 1.41 Billion by 2022, at a CAGR of 3.3% between 2017 and 2022.
The moisture analyzer market is mainly driven by factors such as
increasing demand from traditional as well as new verticals and rapid
adoption in Asia.
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The moisture analyzer market is segmented on the
basis of analyzing techniques, which include Karl Fischer titration,
loss-on-drying, capacitance, microwave, drying oven, near infra-red,
radio frequency and others. Among these techniques, the market for
near-infrared (NIR) technique is expected to grow at the fastest rate
between 2017 and 2022. This is mainly because NIR analyzers provide the
opportunity to measure moisture content in the product during the
manufacturing process. With the growing process automation in various
industries, the demand for in-line moisture analysis is growing, and NIR
analyzers are the best fit for the continuous analysis of moisture
during the product manufacturing process.
The food and beverage vertical accounted for the largest share of the
overall moisture analyzer market in 2016 and will grow fastest among
others during the forecast period. This huge demand from the food and
beverage vertical can be attributed to the stringent government
regulations for maintaining the high quality of edible products by
maintaining the moisture content in the product at the desired level.
The pharmaceuticals vertical is expected to be the second-fastest market
for moisture analyzers closely followed by water treatment and biomass
vertical.
The moisture analyzer market has also been broadly
classified on the basis of geography into the Americas, Europe, Asia
Pacific (APAC), and Rest of the World (RoW). The APAC region will grow
at the fastest rate during the forecast period. This is due to the
ongoing industrial development, rising awareness about the benefits of
process automation, environmental concerns, and government programs in
the developing countries of APAC such as China and India to promote
green initiatives that help in reducing pollution.
The stability and reliability issues of moisture
analyzers inhibit the market growth. Furthermore, for the moisture
analyzer market, the lack of highly skilled staff is a major challenge
and expected to remain in the near future. However, factors such as the
growing process automation leading to the high demand for in-line
moisture analyzers and technological advancements resulting in more
reliable heat-based moisture analyzing can generate significant
opportunities for this market.
Some key players in the moisture analyzer market are
PCE Instruments (Germany), Michell Instruments Inc. (England), Ametek
Inc. (US), SpectraSesnsors Inc. (US), General Electric Co. (US), A&D
Co., Ltd. (Japan), Kett Electric Laboratory (Japan), Mettler-Toledo
International Inc. (US), Sartorius AG (Germany), Shimadzu Corp. (Japan),
Gow-Mac Instrument Co. (US), Mitsubishi Chemical Holdings Corp.
(Japan), Sinar Technology (England), Thermo Fisher Scientific Inc. (US),
and U-Therm International (H.K.) Ltd. (Hong Kong).
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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