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The increasing presence of oil and gas production companies is boosting the market
The increasing presence of the oil and gas production companies is boosting the growth of the market in the Middle East and Africa. In the Middle East and Africa, the demand for portable type of liquid particle counters is increasing among the oil and gas industries.
Various particle counters are used in the oil and gas industries for water-based hydraulic fluids as well as for the inspection of contamination in injected water. Thus, the portable type liquid particle counter segment is expected to witness rapid growth with a high CAGR during the forecast period.
Increasing need for counting airborne particles in the pharmaceutical industry is propelling the growth of the market
Airborne particle counters specifically designed to determine the quantity of the particles of the air. Airborne particle counters are generally utilised for maintaining the quality of air in the rooms as well as for testing to meet the regulatory compliances that are set based on industry standards or governments.
They provide users the convenience of measuring the airborne impurities in a sample. They are useful for checking the cleanliness of air within a measured environment such as a processing laboratory or a pharmaceutical research facility. The controlling for airborne particles confirms personnel safety and maintains steady experimental conditions. Pharmaceutical particle counters help maintain ultimate conditions for effective pharmaceutical product manufacturing and development.
Increasing need for portable particle counters is driving the growth of the market
Manufacturers are focusing on producing portable particle counters for ease of handling and for on-site determination. The demand for handheld and portable particle counters is on the rise in the automotive, aerospace, pharmaceutical, food & beverages, and oil & gas industries.
Thus, there is rise in the growth of the particle counters market among customers as well as industries. These factors are expected to significantly drive the market at a significant CAGR during the forecast period.
In the global particle counter market, tier 1 companies hold a revenue share of more than 45%. Some of the prominent players in the market are Beckman Coulter, TSI Inc., PCE Instruments, Spectris Company, Airy Technology, Lighthouse Worldwide Solutions, RION Co., Ltd., PAMAS, Chemtrac Systems, Inc., Climet Instruments Company, Hach, Cole Parmer, Met One Instruments Inc., Zinter Handling Inc., FLIR, Fluke Corporation, and Kanomax.
The demand for particle counters is estimated to increase due to the increasing presence of oil & gas companies and increasing pharmaceutical industry spending. The vendors of particle counters are primarily focusing on acquisitions and mergers.
The particle counter market is likely to witness stable growth over the course of the forecast period. Portable Particle Counters are gaining traction and high usage of particle counters in industries such as oil & gas, pharmaceutical is boosting the growth of the particle counter market.
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North America is expected to contribute the highest revenue share in the global particle counter market in 2018. However, healthy growth is expected in developing countries, especially China, India, and Brazil. Among the emerging countries, China and India are estimated to witness significant growth in aerospace and automotive industry. These factors are ultimately expected to fuel the particle counter market.
Vendors are generally focusing on partnerships and acquisitions.
The global particle counter market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.
The growth outlook for the particle counter market is predicted to advance at a CAGR of 4% from 2022 to 2032.
The North American and European regions are anticipated to lead the particle counter market during the forecast period.
The particle counter market is likely to hold a valuation of USD 632.06 million by 2032.
The pharmaceutical and oil and gas production industry sectors are the end users in the particle counter market.
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