The
moisture analyzer market is highly competitive
with a significant number of big players and small players in the competitive market.
The market was largely dominated by companies in the Americas, followed by
those in Europe. While the big players dominate the market through their brand
image, the small players offer low-cost components and generate pricing
pressure in the market. As of 2016, the moisture analyzer
market was dominated by PCE Instruments (Germany), Michell Instruments Inc. (England),
Ametek Inc. (Japan), SpectraSensors, Inc. (US),
General Electric Co. Ltd. (US), A&D Co, Ltd. (US), Kett Electric Laboratory
(US), Mettler-Toledo International, Inc. (US), Sartorius AG (Germany), and Shimadzu
Corp. (Japan) among others. These top players along with strong R&D facilities
have a strong presence in the moisture analyzer market and emerging markets.
Most
players have adopted the strategy of launching new products to achieve growth
and to stay competitive in the moisture analyzer market. This strategy
accounted for a share of ~63% out of all the growth strategies. The increasing
demand for technically advanced products, high-sensing capabilities, and the
emergence of various new applications in industries such as oil & gas,
medical, pharmaceuticals, chemical, and others encouraged companies to adopt
this strategy. Besides new product launches, the players also adopted the
strategies of acquisitions and expansions, and agreement to expand their
product portfolio, sales, and distribution network and to strengthen their
market share and position in the moisture analyzer market. These strategies
collectively accounted for a share of ~37% of the total strategic developments
in the moisture analyzer market.
PCE
Instruments held the leading position in the moisture analyzer market. The
company is the registered trademark of PCE Holding GmbH, engaged in manufacturing
and supply of test, control, lab, and weighing equipment. The company’s
Weighing Scales and Balances segment offers various moisture analyzers that
have high measurement range, high resolution, and high accuracy. The company
serves several industries such as chemical and petrochemical, food processing,
medical and pharmaceutical, oil & gas, power generation, and others.
Michell
Instruments is the second leading player in the field of moisture measurement
solutions. It is a group of 8 operating companies located in China, France,
Germany, Italy, Japan, the Netherlands, the UK, and the US. Michell
manufactures a variety of instruments, generators, sensors, transmitters, and
systems differentiated into process analyzers, calibration instruments,
portable hygrometers, dew point transmitters, chilled mirror instruments,
relative humidity products, and oxygen analyzers. All these offerings are
capable of measuring trace moisture, relative humidity, oxygen concentration,
and hydrocarbon dew point within an efficient range. The company has adopted
the organic as well as inorganic growth strategies and, currently, is more
active than any other providers in the industry. For instance, in September
2015, Michell Instruments signed a supplier agreement with Axens IFP
Technologies (France), which as of now acts as a supplier of moisture analyzers.
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