Liquid Analytical Instrument Market

Market Overview:

The global liquid analytical instrument market size reached US$ 452.95 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 633.05 Million by 2028, exhibiting a growth rate (CAGR) of 5.65% during 2023-2028. The extensive research and development (R&D) activities, the rising product demand for inspection of water quality in the water and wastewater management industry and increasing product utilization in the food and beverage (F&B) industry represent some of the key factors driving the market growth.

Liquid analytical instruments are devices used to measure the chemical composition of fluids and evaluate their characteristics of liquids. They aid in monitoring process chemistry, including water quality, providing process optimization and control. They are widely used in several applications, such as the measurement of dissolved oxygen, the potential of hydrogen, conductivity and resistivity of liquids, and oxidation-reduction potential. Liquid analytical instruments help in measuring liquid properties such as pH, ORP, conductivity, dissolved oxygen, chlorine, and turbidity. They also offer various advantages, such as environmental protection, consistent product quality, process optimization, and safety. As a result, liquid analytical instruments find extensive applications across the food and beverage (F&B), chemicals, healthcare, biotechnology, and pharmaceutical industries.

Liquid Analytical Instrument Market Trends:

The widespread product adoption in the biotechnology industry across the globe is creating a positive outlook for the market. Liquid analytical instruments are extensively used for ensuring an optimal yield in various procedures of fermentation and for determining the metabolism of microorganisms. Moreover, the increasing product utilization in the F&B industry to cautiously monitor food products for chemical contaminants is favoring the market growth. Liquid analytical instruments are used to monitor and test food safety, nutrition level, and quality of various products. In line with this, the rising need for water purification due to the rising level of water contamination is acting as another growth-inducing factor. Apart from this, the widespread adoption of pH and ORP sensors in various industries to measure the pH of the ultrapure water that is used to drive the turbines is providing an impetus to the market growth. Manufacturers and key players on focusing on product portfolio expansion to capture a large market and introducing cost-effective and reliable liquid analytical instruments, which in turn, is propelling the market growth. Additionally, the increasing demand for infrared analyzers owing to their high stability and reliability features for a wide range of laboratory and process applications is positively influencing the market growth. Other factors, including extensive research and development (R&D) activities, the rising product demand for water quality inspection in the water and wastewater management industry, and the implementation of various government initiatives regarding public drinking water and improving the quality of water, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global liquid analytical instrument market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on instrument, application, and end user.

Instrument Insights:

• pH/ORP Analyzers
• Conductivity and Resistivity Analyzers
• Infrared Analyzers
• Oxygen Analyzers
• Turbidity Analyzers
• Others
   

The report has provided a detailed breakup and analysis of the liquid analytical instrument market based on the instrument. This includes pH/ORP, conductivity and resistivity, infrared, oxygen, turbidity analyzers, and others. According to the report, pH/ORP analyzers represented the largest segment.

Application Insights:

• Wastewater Management
• Liquid Chemistry Monitoring
• Drug Discovery
• Water Purification
• Others
   

A detailed breakup and analysis of the liquid analytical instrument market based on the application has also been provided in the report. This includes wastewater management, liquid chemistry monitoring, drug discovery, water purification, and others. According to the report, wastewater management accounted for the largest market share.

End User Insights:

• Food and Beverage
• Chemicals
• Energy
• Healthcare and Biotechnology
• Oil and Gas
• Pharmaceuticals
• Others
   

The report has provided a detailed breakup and analysis of the liquid analytical instrument market based on the end-user. This includes food and beverage, chemicals, energy, healthcare and biotechnology, oil and gas, pharmaceuticals, and others. According to the report, food and beverage represented the largest segment.

Regional Insights:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for the liquid analytical instrument. Some of the factors driving the North America liquid analytical instrument market included the introduction of innovative solutions, widespread product adoption in the biotechnology industry, and rising product demand for inspection of water quality.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global liquid analytical instrument market. Detailed profiles of all major companies have also been provided. Some of the companies covered include ABB Ltd., Analytical Systems Keco LLC, Danaher Corporation, Electro-Chemical Devices, Emerson Electric Co., Endress+Hauser AG, Honeywell International Inc., Mettler-Toledo International Inc., Schneider Electric SE, Teledyne Technologies Incorporated, Yokogawa Electric Corporation, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the liquid analytical instrument market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global liquid analytical instrument market.
• The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the liquid analytical instrument industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.