The report "Ultraviolet Analyzer Market by Treatment Type (Liquid, Gas), Device Type (Online, Field), Industry (Oil & Gas, Chemicals & Pharmaceuticals, Environmental, Food & Beverages), Application, and Geography - Global Forecast to 2024", is expected to grow from USD 1.0 billion by 2019 to USD 1.4 billion by 2024 at a CAGR of 6.4% from 2019 to 2024. A few key factors driving the growth of this market include the rise in demand for environmental protection, which is expected to upsurge the demand for ultraviolet analyzers for emission monitoring, and stringent environmental standards and regulations.
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Air quality monitoring application is expected to hold the largest share of ultraviolet analyzer market during the forecast period
The growing concern about air pollution is creating a need for accurate analytical technologies to prevent further pollution of the atmosphere. The increasing need for environmental protection and stringent regulations on sulfur content in light oil and gasoline boost the adoption of ultraviolet analyzers which offer an extremely high degree of sensitivity and precision. Thus, the growing use of ultraviolet analyzers for air quality monitoring application is enhancing the growth prospects of the market.
“APAC to account for the largest share of ultraviolet analyzer market during the forecast period”
APAC is expected to hold the largest share of the ultraviolet analyzer market during the forecast period. The stringent air pollution control has driven the market in APAC. Further, the growth is attributed to increasing industrialization and urbanization in the APAC region. Moreover, the growth in power generation companies in countries such as China and India is a major factor responsible for the increasing adoption of ultraviolet analyzers.
Key Market Players
ABB Ltd. (Switzerland), AMETEK, Inc. (US), Emerson Electric Co. (US), Halma plc (UK), Horiba, Ltd (Japan), Teledyne Analytical Instruments Inc. (US), Thermo Fisher Scientific Inc. (US), Xylem Inc. (US), Agilent Technologies Inc. (US), and Hitachi High-Technologies Corporation (Japan) are among a few major players in ultraviolet analyzer market.
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