Global liquid analytical instrument market is anticipated to witness a steady growth over the forecast period driven by enhancing industrial process requirements and real-time data monitoring. Stringent government and environmental regulations, as well as rising demand for this product in wastewater and water quality management, are expected to drive the industry.
Liquid analytical instruments are used for analyzing the characteristics of liquids and measuring the chemical composition of fluids. They are widely employed in several applications such as the measurement of the potential of conductivity/resistivity of liquid, dissolved oxygen, oxidation reduction potential, and hydrogen. These instruments help measure the safety and purity of drinking water in water treatment applications. The major end-use industries include pharmaceuticals, power, chemical, and water industries.
The key usage is for the industrial manufacturing process that requires accurate and rapid measurements and biased free outcomes. Also, the use of automated liquid analytical instruments in the pharmaceutical sector enables easy data control and monitoring and decreases human biases. Additionally, they are widely used in biotechnology applications for ensuring optimum yield in numerous processes of fermentation and for determining the metabolism of microorganisms. These highly accurate instruments are significantly used in the food and beverage sector for the quality maintenance.
Rising demand for monitoring real-time data in numerous end-user industries such as the water treatment to improve the overall process efficiency. Numerous oil and gas companies are seeking to shift into small fields from their existing fields that need the usage of equipment to monitor the content of substance and determine the process. Rising conversion of oil and gas fields to the digital form is anticipated to be a growth driver.
The application fragments the global liquid analytical instrument market into dissolved oxygen, turbidity, resistivity, conductivity, ORP, and pH. The pH/ORP application segment is anticipated to dominate the industry over seven years. This segment is expected to grow at a decent rate with its measurement mainly used in the water and wastewater treatment sector and helps in determining the hardness of water.
By product, the industry can be bifurcated into sensors and transmitters. The transmitter product segment is projected to dominate over the forecast period. A liquid analytical transmitter is used to measure the connectivity, resistivity, ORP, pH, and oxygen dissolved in a liquid. They are prominently used in the measurement of conductivity, which is utilized in some industrial applications.
In context with the end-user segment, which includes pharmaceuticals, power, chemical, and water industries; the water industry is expected to be the most dominant end-user of these instruments over the forecast period. This segment is expected to register the significant growth.
Water such as wastewater, drinking water from municipal, groundwater, and seawater are operated using water treatment equipment. Analytical equipment is used to measure the ORP, pH, total organic carbon, chlorine, resistivity, conductivity, dissolved oxygen, and oxygen analysis in water.
The presence of numerous pharmaceutical industries in the North America region is anticipated to contribute tremendously to the liquid analytical instruments industry. Increased adoption of wastewater and water treatment applications & measurement are projected to become a significant factor for regional growth.
North America followed by Europe is expected to account for the largest share due to the rising adoption rate of analyzers in biotechnology and water management industry. The stringent government policies and concentration on protecting the environment has fuelled the sales of LAI s in developed economies such as Canada, Italy, France, Germany, U.K. and the U.S.
However, other regions such as South East Asia, Latin America, and the Middle East are expected to be the lucrative industries in the coming years. Owing to the highly developing biotechnology industry and adoption rate of accurate analytical equipment, these regions are anticipated to be the advantageous market over the forecast period. Moreover, leading pharmaceutical industries are outsourcing their drug development services to different countries such as India, Malaysia, Singapore, and China, which is ultimately influencing the liquid analytical instruments market.
The local and regional manufacturer considers it troublesome to compete with large vendors as analytical equipment needs the integration of precise electronics that comes at a high price. Therefore, new vendors are de-motivated from moving in the market with initial capital investment.
Key players in the global industry include Teledyne, Endress + Hauser, Emerson Electric, ABB, and other prominent players such as Yokogawa Electric, Honeywell, GE, Danaher, Analytic Jena, and AMETEK.
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