Global Process Analyzer Market to Reach US$ 11.6 Billion by 2032, Stimulated by Expanding Oil and Gas Industry

September 15, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “Process Analyzer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” the global process analyzer market size reached US$ 7.1 Billion in 2023. A process analyzer is a sophisticated analytical instrument designed to monitor and analyze various parameters within industrial processes. It plays a crucial role in ensuring the efficiency, quality, and safety of industrial operations across sectors such as manufacturing, petrochemicals, pharmaceuticals, and food processing. By continuously measuring and analyzing key process variables, such as temperature, pressure, flow rates, chemical composition, and pH levels, process analyzers provide real-time insights into the ongoing operations. These analyzers utilize advanced technologies such as spectroscopy, chromatography, electrochemistry, and sensors to accurately determine the composition of raw materials, intermediate products, and final products. The analyzers contribute significantly to process automation and control systems, enabling industries to maintain consistent product quality, improve resource utilization, reduce waste, and ensure compliance with regulatory standards.

Global Process Analyzer Market Trends:

The expanding oil and gas industry is driving the global market. Moroever, as industries strive for heightened operational efficiency, quality assurance, and safety in their processes, the adoption of process analyzers has gained significant momentum. These analyzers offer real-time monitoring and analysis of various parameters such as chemical composition, physical properties, and process conditions in industries, including oil and gas, pharmaceuticals, chemicals, and food and beverages. Also, stringent government regulations and quality control standards have necessitated accurate and continuous monitoring of processes to ensure compliance and minimize environmental impact. Additionally, the trend toward automation and Industry 4.0 has further driven the demand for process analyzers, as they contribute to data-driven decision-making, predictive maintenance, and optimization of production processes. Furthermore, the increasing complexity of industrial processes and the need to minimize resource wastage and energy consumption have underscored the importance of process analyzers. These tools enable real-time insights, allowing industries to identify inefficiencies and opportunities for improvement. Looking forward, the market value is projected to reach US$ 11.6 Billion by 2032, expanding at a CAGR of 5.5% during 2024-2032.

Market Summary:

  • Based on the product type, the market has been segmented into liquid analyzer by type (pH, conductivity, dissolved oxygen, turbidity, and other analyzers) and gas analyzer by technology type (electrochemical, zirconia, tunable diode laser, infrared, paramagnetic, catalytic and others). Currently, liquid analyzer represents the largest market segment.
  • On the basis of the end-use industry, the market has been divided into liquid analyzer (power, water and wastewater, pharmaceuticals, chemicals, oil and gas, food and beverage and others) and gas analyzer (oil and gas, power, chemicals, food and beverage, pharmaceuticals, and others). Among these, power accounts for the largest segment in liquid analyzers and oil and gas dominate the gas analyzer segment.
  • Region-wise, the market has been segmented into Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), North America (the United States and Canada), the Middle East and Africa (Turkey, Saudi Arabia, Iran, the United Arab Emirates and others) and Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru and others). Among these, North America holds the leading position in the market.
  • The competitive landscape of the market has also been examined, with some of the key players being ABB, AMETEK Process Instruments, Cemtrex Inc., Emerson Electric, Endress+Hauser AG, GE Analytical Instruments, Hach Lange GmbH, Honeywell, Mettler Toledo, Schneider Electric, Siemens AG, Teledyne Technologies International Corp., Thermo Fisher Scientific, and Yokogawa Electric.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, End-Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Middle East and Africa, Latin America
Countries Covered China, Japan, India, South Korea, Australia, Indonesia, Germany, France, United Kingdom, Italy, Spain, Russia, United States, Canada, Turkey, Saudi Arabia, Iran, United Arab Emirates, Brazil, Mexico, Argentina, Colombia, Chile, Peru
Companies Covered ABB, AMETEK Process Instruments, Cemtrex Inc., Emerson Electric, Endress+Hauser AG, GE Analytical Instruments, Hach Lange GmbH, Honeywell, Mettler Toledo, Schneider Electric, Siemens AG, Teledyne Technologies International Corp., Thermo Fisher Scientific and Yokogawa Electric
Customization Scope 10% Free Customization
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Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Process Analyzer Market to Reach US$ 11.6 Billion by 2032, Stimulated by Expanding Oil and Gas Industry
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