The global ultraviolet analyzers market value is expected to increase from USD 1.3 billion in 2023 to USD 2.4 billion by 2033. Over the forecast period 2023 to 2033, global ultraviolet analyzer sales are likely to soar at 6.5% CAGR. In 2022, the worldwide UV analyzers industry was valued at USD 1.2 billion.
Usage of ultraviolet analyzers is likely to remain high in gas application. This is due to the ability of these analyzers to measure the concentration of harmful gasses across different sectors.
According to Future Market Insights (FMI), gas segment is likely to dominate the global ultraviolet analyzers industry, exhibiting a CAGR of 6.4% through 2033. The target segment is set to create lucrative revenue-generation opportunities for ultraviolet analyzer manufacturers.
| Attribute | Key Insights |
|---|---|
| Estimated Global Ultraviolet Analyzers Market Value (2023) | USD 1.3 billion |
| Projected Market Size (2033) | USD 2.4 billion |
| Value-based CAGR (2023 to 2033) | 6.5% |
| United States Market CAGR (2023 to 2033) | 6.4% |
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Ultraviolet analyzers are process analytic equipment used in emission monitoring processes in power plants, refineries, chemical sector, and other verticals. These optical analyzers use ultraviolet radiation region of the electromagnetic spectrum.
Ultraviolet analyzers allow for non-destructible analysis and are gaining wider popularity due to their several advantages. They use UV absorption to perform an analysis.
Ultraviolet analyzers are useful for measuring concentration of harmful gasses such as ammonia, sulfides, ozone, etc emitted from several industries. They have emerged as ideal solutions for continuous emission monitoring of components in gas and liquid applications.
Rising environmental concerns and increasing need for continuous monitoring of harmful emissions will boost the target market.
Growing usage of ultraviolet analyzers for quality control and monitoring food products is another prominent factor expected to fuel market expansion.
Food & beverage companies employ ultraviolet analyzers for quality control of products as they enable detection of adulteration, among other essential characteristics.
Rapid growth of oil & gas sector is expected to uplift ultraviolet analyzer demand during the projection period.
In recent years, there has been exponential growth in the oil & gas sector due to rising energy demand globally. This in turn is creating a high demand for UV analyzers as they have become essential emission monitoring tools in the oil & gas sector.
Ultraviolet analyzers allow oil & gas companies to continuously monitor data related to emissions. They help them to comply with standards and regulations by controlling and monitoring pollutants released into the atmosphere.
Further, rising adoption of online UV analyzers in the oil & gas sector for the real-time monitoring of reaction conditions of oil and gas will bode well for the market.
Leading companies are offering various UV-based gas analyzers to cater to a diverse range of sectors and applications. For instance, AMETEK offers several gas monitoring solutions such as the Ametek Model 888 Sulfur Recovery Tail Gas Analyser.
The Ametek Model 888 Sulfur Recovery Tail Gas Analyser uses UV technology to accurately monitor H2S and SO2 concentrations in sulfur recovery tail gas.
As per Future Market Insights’ (FMI) latest report, global sales of ultraviolet analyzers grew at a CAGR of around 7.2% CAGR from 2018 to 2022. Accordingly, the worldwide market attained a valuation of USD 1.2 billion at the end of 2022.
Looking ahead, the worldwide ultraviolet analyzers industry is anticipated to exhibit a CAGR of 6.5% CAGR between 2023 and 2033. It is set to generate an absolute USD opportunity of USD 1.1 billion during the assessment period.
Rising demand for ultraviolet analyzers from various sectors including oil & gas, semiconductor, food & beverage, chemical, and pharmaceutical is driving the global market.
Ultraviolet analyzers have become critical equipment for monitoring and measuring liquids and gasses. They find applications across a wide range of sectors due to their various advantages.
Rising focus towards improving environmental protection along with implementation of strict environmental standards is expected to boost the global ultraviolet analyzers industry.
Growing concerns about environmental issues such as environmental pollution is putting ultraviolet analyzers into spotlight. These equipment can help resolve environmental issues by measuring the concentration of various harmful gasses emitted from industries.
Robust expansion of oil & gas, chemical, and pharmaceutical sectors will positively impact ultraviolet analyzer sales during the assessment period.
Increasing usage of UV analyzers in the semiconductor sector for measuring the thickness and optical properties of thin films on a wafer will further boost the market.
Principal Consultant
| Country | United States |
|---|---|
| Projected CAGR (2023 to 2033) | 6.4% |
| Market Value (2033) | USD 0.496 billion |
| Historical CAGR (2018 to 2022) | 7.1% |
| Country | United Kingdom |
|---|---|
| Projected CAGR (2023 to 2033) | 6.2% |
| Market Value (2033) | USD 0.89 billion |
| Historical CAGR (2018 to 2022) | 6.9% |
| Country | China |
|---|---|
| Projected CAGR (2023 to 2033) | 6.4% |
| Market Value (2033) | USD 0.608 billion |
| Historical CAGR (2018 to 2022) | 7.0% |
| Country | Japan |
|---|---|
| Projected CAGR (2023 to 2033) | 6.4% |
| Market Value (2033) | USD 0.510 billion |
| Historical CAGR (2018 to 2022) | 7.0% |
| Country | South Korea |
|---|---|
| Projected CAGR (2023 to 2033) | 6.1% |
| Market Value (2033) | USD 0.138 billion |
| Historical CAGR (2018 to 2022) | 6.5% |
Booming Chemical Sector Making China a Profitable Market for UV Analyzer Manufacturers
As per Future Market Insights, China is emerging as a highly lucrative market for ultraviolet analyzer manufacturers, and the trend is expected to continue through 2033. This is due to rising adoption of UV analyzers across thriving semiconductor, chemical, and energy sectors.
China ultraviolet analyzers market grew at a CAGR of 7.0% from 2018 to 2022. For the projection period, UV analyzer demand in China is set to rise at 6.4% CAGR. By the end of 2033, China market is projected to exceed a valuation of around USD 0.608 billion.
Chemical sector is one of the leading manufacturing sectors in China. According to Cefic, the European Chemical Industry Council, with a contribution of 43% of global chemical sales in 2021, China remains the leading chemicals producer in the world.
The robust expansion of chemical sector along with growing popularity of UV spectroscopy is creating demand for gas and liquid monitoring & measurement devices such as ultraviolet analyzers.
Ultraviolet analyzers are becoming ideal tools for chemical analysis across sectors such as chemicals and pharmaceuticals. Hence, growth of these sectors in China will create lucrative opportunities for ultraviolet analyzer manufacturers.
Rising Applications in Oil & Gas Sector to Fuel Ultraviolet Analyzer Demand in the United States
According to Future Market Insights (FMI), the United States ultraviolet analyzers industry size is projected to reach USD 0.496 billion by 2033. From 2023 to 2033, sales of ultraviolet analyzers in the United States market are set to thrive at 6.4% CAGR.
By the end of 2033, the United States ultraviolet analyzers industry is projected to create an absolute USD opportunity of USD 0.229 billion.
Rising demand for ultraviolet analyzers from oil & gas and pharmaceutical sectors is providing stimulus for the expansion of the United States market.
In recent years, the United States has emerged as one of the world’s leading producers of oil and gas. Total production of oil and gas in the country is expected to rise rapidly during the next two or three decades.
As per the USA Energy Information Administration (EIA), domestic production of petroleum and other liquids is estimated to rise at 17% CAGR while consumption is likely to increase at 15% from 2021 to 2050. This in turn is expected to create a conducive environment for the development of the ultraviolet analyzers industry.
Ultraviolet analyzers are being increasingly used by oil & gas companies for continuous monitoring of data related to emissions. Adoption of these analytic tools enables them to monitor and control pollutants and ensure that emissions do not exceed the defined threshold.
Similarly, introduction of policies and regulations addressing industrial emissions is expected to uplift ultraviolet analyzer demand in the United States during the assessment period.
| Top Segment (Application) | Gas |
|---|---|
| Historical CAGR (2018 to 2022) | 7.1% |
| Projected CAGR (2023 to 2033) | 6.4% |
| Top Segment (End Use) | Oil & Gas |
|---|---|
| Historical CAGR (2018 to 2022) | 7.0% |
| Projected CAGR (2023 to 2033) | 6.2% |
High Usage of UV Analyzers in Gas Analysis to Create Lucrative Revenues
Based on application, the global UV analyzers industry is segmented into gas and liquid. Among these, gas segment is expected to retain its dominance in the market during the assessment period. This is due to rising usage of UV analyzers for continuously monitoring and measuring harmful gasses.
As per Future Market Insights (FMI), gas segment exhibited a CAGR of 7.1% from 2018 to 2022. For the projection period (2023 to 2033), it is likely to thrive at 6.4% CAGR, making it a key revenue-generation category in the market.
Ultraviolet analyzers have become ideal gas measurement tools globally. They are being widely used for measurement of concentrations of harmful gasses such as ozone, ammonia, sulfides, and nitrides emitted from various industries.
Rising environmental concerns coupled with growing need for continuous monitoring of harmful gasses are expected to elevate ultraviolet analyzer demand during the forecast period.
To gain maximum profits, leading UV analyzer manufacturers are focusing on developing novel solutions for gas analysis.
Adoption of Ultraviolet Analyzers to Remain High in Oil & Gas Sector
Based on end use, the global UV analyzers market is segmented into oil & gas, semiconductor, food & beverages, environment, energy & power, chemical & pharmaceuticals, and others. Among these, oil & gas segment holds a prominent share of the market and the trend is likely to continue through 2033.
As per the latest report, oil & gas segment is projected to thrive at 6.2% CAGR between 2023 and 2033, in comparison to 7.0% CAGR recorded from 2018 to 2022.
Oil & gas companies across the world are required to measure emissions as well as to minimize the release of harmful gasses. This has prompted them to employ devices such as ultraviolet analyzers for continuous emission monitoring of gasses.
Usage of UV analyzers helps oil & gas companies to continuously monitor liquids and gasses to meet stringent gas emission rules and regulations. Thus, growing adoption of ultraviolet analyzers across thriving oil & gas sector will play a key role in boosting the market through 2033.
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Leading ultraviolet analyzer manufacturers listed in the report include Advanced UV Inc., Agilent Technologies Inc., Calgon Carbon Corp, ABB Ltd., Atlantic Ultraviolet Corp., AMETEK, Inc., Aquionics, Atlantium Technologies Ltd., Atlantic Ultraviolet Corp., Emerson Electric Co, and Evoqua Water Technologies LLC.
These key players are aiming at developing advanced UV analyzers with improved features for specific applications. Further, they are implementing strategies such as collaborations, acquisitions, agreements, partnerships, mergers, and to gain a competitive edge in the market.
Recent developments:
| Attribute | Details |
|---|---|
| Estimated Market Value (2023) | USD 1.3 billion |
| Projected Market Value (2033) | USD 2.4 billion |
| Anticipated Growth Rate (2023 to 2033) | 6.5% CAGR |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Application, End Use, and Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; East Asia; South Asia and Pacific; and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Companies Profiled | ABB Ltd.; Advanced UV Inc.; Agilent Technologies Inc.; AMETEK, Inc.; Aquionics; Atlantic Ultraviolet Corp.; Atlantium Technologies Ltd.; Calgon Carbon Corp; Emerson Electric Co; Evoqua Water Technologies LLC |
Growing popularity of online ultraviolet analyzers are fueling the demand in the United States.
Rising pharmaceutical sector is surging the demand in Europe.
Growing water treatment methods has necessitated smart water bottles.
The United States hold a CAGR of 6.4% of the global market in 2023.
North America to witness a lucrative growth opportunities through 2033.
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 Application 5.1. Gas 5.2. Liquid 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 6.1. Oil & Gas 6.2. Semiconductor 6.3. Food & Beverages 6.4. Energy & Power 6.5. Chemical & Pharmaceuticals 6.6. Environmental 6.7. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. ABB Ltd. 17.2. Advanced UV Inc. 17.3. Agilent Technologies Inc. 17.4. AMETEK, Inc. 17.5. Aquionics 17.6. Atlantic Ultraviolet Corp. 17.7. Atlantium Technologies Ltd. 17.8. Calgon Carbon Corp 17.9. Emerson Electric Co 17.10. Evoqua Water Technologies LLC 18. Assumptions & Acronyms Used 19. Research Methodology
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Ultraviolet Analyzers Market
