As per a detailed analysis by Market Research Future (MRFR), the global moisture analyzer market is anticipated to garner USD 1.5 billion, registering a CAGR of 3.53% during the forecast period (2018–2023). The surging demand for in-line moisture analyzers is anticipated to favor the market growth across the globe. Also acknowledged as moisture meters, moisture analyzer is a device which is extensively used to measure the content of moisture at a high level as well as trace amounts in solid, liquid, and gas medium. Moisture analyzer finds application in pharmaceuticals, semiconductor, beverage, and others.
Market Potential and Pitfalls
The moisture analyzer market has witnessed a tectonic surge in the past few years due to factors like rising process automation, especially in the developing economies. The advancing technologies in heat-based moisture analyzing and surging demand for in-line moisture analyzers are some of the other top factors encouraging the market growth over the years. The key driver impacting the moisture analyzer market positively is the burgeoning demand along with the extensive adoption in the Asia Pacific region. Governments across the globe are imposing strict norms to retain the high standard of edible products by maintaining the adequate moisture content in the product. This is further considered to assist in the expansion of the market in the F&B sector. Moreover, the rising awareness for maintenance and protection of the industrial devices for improved efficiency are fueling the market growth during the review period.
On the contrary, the dearth of skilled staff for developing and operating moisture analyzers is considered to restrict the growth of the market across the globe. On a brighter note, the high adoption of automation for manufacturing products across industry verticals has resulted in the increased demand for moisture analyzers.
Global Moisture Analyzer Market –Segments
For better understanding of the report, the market is segmented into four key dynamics: -
By Type : Desktop, Handheld, and Inline among others.
By Technique : Karl Fischer Titration, Loss-on-Drying, Capacitance, Microwave, Drying Oven, Near-Infrared, and Radio Frequency.
By Application : Plastic & Polymer, Constructions, Agriculture, Food & Beverage, Fabrics & textiles, and Pharmaceuticals among others.
By Regions : North America, Europe, Asia Pacific, and Rest-of-the-World.
Global Moisture Analyzer Market — Regional Analysis
The North American region heading with the increased funding for R&D activities, dominates the global Moisture Analyzer market. Significant contributions and supported research funding from public and private sectors for the development of technology and in the commercialization of moisture analyzer and associated instruments are fostering the growth of the regional market.
The European region accounts for another lucrative market for moisture analyzer, globally. The region is projected to grow at a substantial GAGR during 2017–2023. Rapidly resurging economy alongside the presence of some of the highly developed industries such as food & beverages and pharmaceuticals that focus on latest technology contributes to the growth of the regional market, significantly. Furthermore, the presence of some of the leading manufacturers in the region drives the moisture analyzer market in the regions.
Global Moisture Analyzer Market — Competitive Analysis
Highly competitive, the moisture analyzer market appears to be fragmented. Market leaders are innovating continually and increasingly seeking market expansion through various strategic initiatives such as mergers and acquisitions, and innovations. They are substantially investing in R&D activities to develop a cost-effective product portfolio.
To meet competitive market demands, manufacturers typically design new instruments to incorporate many additional capabilities and features. Such expanded feature sets often include pre-analytical automation, interoperability with clinical chemistry and other analyzers.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.acom
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.acom
Comments
Post a Comment