According to the latest report by IMARC Group, titled “Process Analyzer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global process analyzer market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global process analyzer market reached a value of US$ 6.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.2 Billion by 2027, exhibiting at a CAGR of 6.55% during 2022-2027. A process analyzer refers to an electronic device used for determining the physical properties or chemical composition of substances involved in industrial processes. It also helps in analyzing the viscosity, pressure, boiling point, freezing point, color, etc., of the component. The liquid analyzers are utilized for monitoring process chemistry, including fluid quality, whereas the gas analyzers work by monitoring natural, industrial, and process gas streams. A process analyzer identifies critical quality attributes (CQA) and critical process parameters (CPPs) for ensuring enhanced results. Consequently, process analyzers are used across numerous industries, including chemical, oil and gas, pharmaceutical, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
Global Process Analyzer Market Trends:
The expanding petrochemical sector and the increasing demand for oxygen analysis for safe and efficient operations are primarily driving the process analyzer market. Additionally, the escalating usage of process analyzers for monitoring the mixtures of hydrocarbons and several gases, such as carbon dioxide and carbon monoxide, is further catalyzing the market growth. Apart from this, the rising product demand in the pharmaceutical industry for evaluating the porosity of solid drugs is also augmenting the global market. Moreover, the emerging trend of automation of manual inspection techniques to reduce losses caused by human errors is acting as another significant growth-inducing factor. Besides this, the growing requirement for improving industrial manufacturing processes to optimize the utilization of resources and reduce the amount of waste generated is anticipated to fuel the process analyzer market over the forecasted period.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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