The global process liquid analyzer market is estimated to be worth around USD 2,861.9 million in 2023. The overall demand is anticipated to rise at a healthy CAGR of 5.5% between 2023 and 2033, totaling a valuation of over USD 4,888.5 million by 2033. The market is driven by the rising adoption of process liquid analyzers across various industries, such as oil & petrochemicals, water & wastewater treatment, and food & beverages.
Driven by the rising demand for improving the quality of liquid products intensify, key industries are employing liquid and gas analyzers in their processes. This is providing impetus to the growth of the process liquid analyzer industry. The adoption of liquid analyzers facilitates process optimization and enables experts to continuously monitor the parameters of liquids.
Regionally, North America is projected to continue dominating the global process liquid analyzer market, accounting for a notable share of about 25.5% in 2023. Some of the factors driving North America process liquid analyzer industry include:
What are the Factors Driving Process Liquid Analyzer Market?
The surging scope for application in the food and beverages, pharmaceutical, and chemical industries is driving market growth. Process liquid analyzers are widely used in these industries. The consistent growth of these end-use industries is fueling the demand for process liquid analyzers.
The increasing need for providing high-quality output while adhering to government-laid standards and norms is prompting industries to employ industrial monitoring equipment like process liquid analyzers. During the last few years, there has been a significant expansion of water & wastewater and oil & petrochemical industries.
The robustly expanding population and surging consumption of fuels are coercing both government and non-government authorities to take various steps.
New investments are being made continuously for developing water treatment facilities and exploring oil and gas reservoirs. The expansion of these industries is anticipated to create vital growth prospects within the market during the forecast period.
Is Penetration of Automation Projected to Affect the Process Liquid Analyzer Market?
As digitalization continues to take over the world, industries are showing a keen interest in employing modern technologies such as IoT and AI, in their facilities. The adoption of these technologies is helping them to optimize productivity and reduce costs.
IoT-based monitoring liquid analyzers are gaining traction across industries. These analyzers significantly minimize human involvement without compromising the quality. They use different sensors for monitoring the liquid quality by determining turbidity, pH, conductivity, and temperature.
The rising adoption of automation coupled with the growing popularity of smart process liquid analyzers is anticipated to boost the growth of the market over the assessment period.
| Attribute | Details |
|---|---|
| Process Liquid Analyzer Industry Estimated Size in 2018 | USD 2,409.58 million |
| Process Liquid Analyzer Industry Estimated Size in 2022 | USD 2,765.1 million |
| Process Liquid Analyzer Market Estimated Size in 2023 | USD 2,861.9 million |
| Process Liquid Analyzer Market Projected Size in 2033 | USD 4,888.5 million |
| Process Liquid Analyzer Industry Historical CAGR (2018 to 2022) | 3.5% |
| Process Liquid Analyzer Industry Value-Based CAGR (2023 to 2033) | 5.5% |
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The global process liquid analyzer market is set to register a CAGR of 5.5% between 2023 and 2033 in comparison to the 3.5% CAGR registered from 2018 to 2022.
Rapid industrialization and urbanization, and increasing demand for water and wastewater management are propelling the market growth. Along with this, factors like the rising penetration of modern technologies such as the Internet of Things (IoT) are also driving the process liquid analyzer industry.
Liquid analysis, also called chemical analysis, has become a crucial part of modern manufacturing units for regulating the liquid composition and improving the quality of products. For this purpose, process liquid analyzers are becoming increasingly employed across industries.
Process liquid analyzers provide a way to continuously monitor the critical parameters of process liquid streams. These parameters include pH levels, turbidity, and gas content, and maintain an overall check on an industrial process and its output. They help end users improve the quality of final products and improve plant and process productivity.
Process liquid analyzers further help to safeguard critical process equipment from reparations and avoid unscheduled downtime. The rising adoption of process liquid analyzers across diverse industries ranging from food & beverages and oil & petrochemical to medical & pharmaceutical is a main factor driving the global process liquid analyzers market.
With the implementation of stringent government regulations and improvement in quality standards, using devices such as liquid analyzers has become a top priority for manufacturers. Industries such as oil & petrochemical and water treatment are becoming attractive destinations for process liquid analyzers. The expansion of these industries is boosting the sales of process liquid analyzers.
Leading market players are launching new smart and intelligent sensors which are compatible with advanced technologies like the Internet of Things IoT, and (AI). This is expected to help them to penetrate attractive markets during the forecast period.
The widening scope of process liquid analyzers in healthcare settings is expected to create opportunities for market players in the future.
Value CAGR (2023 to 2033) :
| Countries | CAGR (2023 to 2033) |
|---|---|
| The United Kingdom | 4% |
| China | 6.2% |
| India | 6.8% |
2023 Value Share in Global Market :
| Countries | Value Share (2023) |
|---|---|
| The United States | 18.7% |
| Germany | 4% |
| Japan | 6.2% |
| Australia | 1.3% |
As per FMI, the United States is projected to continue to remain a lucrative market for process liquid analyzers in North America. The growth in the region is attributable to the factors such as:
With the rapid advancement in innovative technologies, manufacturing industries across the United States are increasingly adopting automation for enhancing productivity. Monitoring devices such as sensors and smart liquid analyzers are becoming the norm in industries. The rising deployment of industrial measurement equipment is spurring market growth.
Growing consumer awareness in the United States is playing a key role in expanding the process liquid analyzers market. People are inclined toward consuming safe quality products.
Rising oil and gas exploration activities are creating growth prospects for the process liquid analyzer industry in the country. The United States is anticipated to represent an 18.7% market share in 2023.
The United Kingdom market is poised to exhibit moderate growth over the forecast period. FMI has estimated the market is projected to expand at a CAGR of 4%. A few of the key factors driving the United Kingdom process liquid analyzer industry are:
Depleting freshwater resources in the country is prompting the authorities to take various measures. According to the National Framework for Water Resources, if proper steps are not being taken immediately, then by 2050, the amount of water available in the country could be reduced by 10 to 15%.To address this issue, high investments are being made in establishing new water and wastewater treatment plants. This is estimated to escalate the market growth in the United Kingdom.
Process liquid analyzers are being extensively used in water and wastewater treatment plants for monitoring and improving the quality of water. Europe is projected to hold nearly 19.0% in 2023.
Smart Process Liquid Analyzers to Remain Highly Sought After in China
China is emerging as one of the prominently growing markets for process liquid analyzers in the world. With rapid industrialization and increasing support from the government, digitalization is taking the country by storm.
An increasing number of industries are embracing smart technologies such as sensors for monitoring various processes and improving overall productivity. Digital liquid analyzers are gaining traction due to their various advantages.
Leading market players in the country are introducing new smart liquid analyzers at low costs. Consequently, pushing product sales. Increasing adoption of process liquid analyzers in the healthcare industry is anticipated to further support the market growth in China during the forecast period.
Principal Consultant
| Category | Liquid Medium |
|---|---|
| Segment | Water |
| Value Share in 2023 | 38% |
| Category | End Use |
|---|---|
| Segment | Oil and Petrochemicals |
| Value Share in 2023 | 32.7% |
As per FMI, process liquid analyzers based on NIR technology are slated to experience high demand from various end-use industries during the forecast period.
Process NIR-based process liquid analyzers commonly use liquid analyzers in various industries such as food & beverage, chemicals, and agriculture. NIR analysis is a type of non-destructive technology as it uses little or no sample preparation.
The rising need for measuring various parameters of liquids such as pH and carbon content is expected to fuel the demand for NIR-based process liquid analyzers over the forecast period.
By product, the TOC analyzers segment is likely to continue its dominance in the global market through 2033. The pH & ORP analyzers segment is also anticipated to witness notable growth owing to increasing application across several end-use industries.
TOC analyzers are extensively used for determining the concentration of organic molecules or contaminants in water. They have become ideal tools in pharmaceutical and water treatment plants for the inspection of ultrapure water and evaluation of cleaning effectiveness. These analyzers provide high levels of accuracy and precision.
TOC analyzers utilize the catalytic oxidation combustion technique at high temperatures for converting organic carbon into CO2, which is then measured with a non-dispersive infrared sensor.
As per FMI, sales of process liquid analyzers with digital displays are anticipated to rise at a healthy CAGR over the forecast period. With the growing adoption of automation, industries are shifting their preference from analog to digital liquid analyzers and the trend is likely to continue in the future.
Digital liquid analyzers offer various advantages such as easy operability, predictive diagnostics better reliability, low maintenance cost, and flexible nature. Thanks to these attractive features, leading end-use industries are upgrading their analog liquid analyzers with digital ones. Besides this, the growing popularity of advanced technologies such as the Internet of Things (IoT) is also favoring the adoption of process liquid analyzers with digital displays.
Based on end use, the water & wastewater segment accounts for a significant revenue share and is projected to witness robust growth over the forecast period.
Factors such as increasing population and rapid industrialization have created high demand for potable water across the world. As a result, investments are increasingly being directed toward developing water & wastewater treatment facilities. This is, in turn, triggering the sales of process liquid analyzers.
Water & wastewater treatment facilities are increasingly employing liquid analyzers in the water treatment process to monitor the various parameter of water as well as to improve overall efficiency. Rising demand for fresh water is projected to create lucrative growth avenues within the process liquid analyzer market during the forecast period.
The process liquid analyzer market is highly competitive in nature. Key players in the market are consistently enhancing their product portfolio. Market participants have employed both inorganic as well as organic strategies like partnerships, mergers, collaborations, new product launches, and acquisitions to increase their market presence. For instance,
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| Attribute | Details |
|---|---|
| Historical Data Available for | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Market Analysis | USD million for Value |
| Key Regions Covered | North America; Latin America; Eastern Europe; Western Europe; South East Asia & Pacific; and the Middle East & Africa |
| Key Countries Covered | The United States, Canada, Mexico, Brazil, Germany, The United Kingdom, France, Italy, Spain, Russia, Poland, China, Japan, South Korea, India, ASEAN, and South Africa |
| Key Segments Covered | Technology, Liquid Medium, Product, Display, End Use, and Region |
| Key Companies Profiled | ABB; General Electric; Danaher-Corporation Hach; Schneider Electric; Emerson Electric Co.; Endress+Hauser Management AG; Novatech Analytical Solutions Inc.; METTLER TOLEDO; Suez, Applied Analytics Group BV; Teledyne Analytical Instruments; AMETEK Inc.; Modcon Systems Ltd.; Metrohm; Xylem Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The process liquid analyzer market is valued at USD 2,861.9 million in 2023.
ABB, General Electric, and Danaher-Corporation Hach are the key market players.
The process liquid analyzer market is set to surge at a CAGR of 5.5% from 2023 to 2033.
The water segment is likely to lead the market through 2033.
Growing opportunities in food, pharmaceuticals, and chemical industries propel the market growth.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 5.1. NIR Based 5.2. NMR Based 5.3. ECD Sensor Based 5.4. Laser Based 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Display 6.1. Analog 6.2. Digital 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Oil & Petrochemicals 7.2. Water & Wastewater Treatment 7.3. Food & Beverages 7.4. Chemicals 7.5. Medical & Pharmaceutical 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. General Electric 16.2. Danaher-Corporation Hach 16.3. Schneider Electric 16.4. Emerson Electric Co. 16.5. Endress+Hauser Management AG 16.6. Novatech Analytical Solutions Inc. 16.7. METTLER TOLEDO 16.8. Suez, Applied Analytics Group BV 16.9. Teledyne Analytical Instruments 16.10. AMETEK Inc. 17. Assumptions & Acronyms Used 18. Research Methodology
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Process Liquid Analyzer Market
