Liquid Analytical Instrument Market Size, Share & Trends Analysis Report By End Use (Food & Beverages, Chemicals), By Instrument, By Application (Water Purification, Drug Discovery), And Segment Forecasts, 2019 - 2025

Industry Insights

The global liquid analytical instrument market size was valued at USD 394.9 million in 2017 and is anticipated to expand at a CAGR of 5.5% from 2018 to 2025. Increasing demand for liquid analyzers to lower processing costs and reduce non-compliant waste is expected to drive the market over the forecast period.

The market is anticipated to witness substantial growth over the forecast period on account of rising product demand for inspection of water quality in the water and wastewater management industry. Moreover, stringent environmental and government regulations are driving the adoption of liquid analytical instruments in a number of end-use industries. A case in point would be the Drinking Water Contaminants-Standards and Regulations laid down by the U.S. Environmental Protection Agency (EPA) regarding public drinking water and quality of water in end-use industries.

Analyzers are primarily used for measuring the chemical composition of fluids and evaluating the characteristics of liquids. They are used in several applications such as measurement of dissolved oxygen, oxidation-reduction potential, the potential of hydrogen, and conductivity/resistivity of liquids. These highly accurate instruments are also used in the food and beverage industry for the maintenance of water quality standards.

The analyzers are largely used in biotechnology applications for ensuring optimal yield of chemical and pharmaceutical compounds in various processes of fermentation. Moreover, there has been an increase in the adoption of automated liquid analytical instruments in oil and gas operations, a factor that is expected to drive the market over the coming years.

An increase in the number of process analyzer installations in manufacturing plants creates a subsequent requirement for skilled workers to operate this equipment. However, shortage of skilled labor results in non-operational systems as well as high maintenance costs of these analyzers. Regional and local manufacturers find it challenging to compete with established players as analytical equipment are manufactured with specific electronics that are highly-priced.

Instrument Insights

The pH/ORP analyzers segment was valued at USD 122.6 million in 2017. Growth of this segment can be primarily attributed to rising need for pH/ORP analyzers for accurate measurement of the hardness of water. These analyzers display the measurement and transmission rating of pH, ORP or Ion-Selective Electrode (ISE) in the several applications in the water and wastewater sector. These analyzers are widely used owing to their easy to install, cost-effective, and maintenance-free capabilities.

Infrared analyzer is expected to emerge as the fastest-growing segment owing to its high stability and reliability features for a wide range of laboratory and process applications. These analyzers are mainly designed for online process monitoring and operate either in near-infrared or mid-infrared spectral regions.

Application Insights

Rising level of water contamination is driving demand for liquid analytical instruments, which are widely used for water purification. These instruments accurately and continuously measure water quality, in addition to providing real-time data on water purification process conditions. It can be used to improve efficiency, safeguard quality, and optimize performance. In addition, new technologies are being integrated into these analyzers to enhance the precision of the purification process. 

Wastewater management is expected to emerge as the fastest-growing segment in the global liquid analytical instrument market. This can be attributed to increased focus on environmental protection, coupled with rising need for optimization, safety, and real-time data monitoring of water purification processes. Liquid analyzers also offer aeration control in wastewater treatment plants.

End-use Insights

Increasing volume of food product imports from different countries is escalating the need for cautiously monitoring food products for chemical contaminants. This is subsequently driving demand for liquid analytical instruments in the food and beverage industry for the monitoring and testing of food safety, nutrition level, and quality of various products.

Liquid analytical instruments are extensively used in the biotechnology industry for ensuring an optimal yield in various procedures of fermentation and for determining the metabolism of microorganisms. These analyzers are widely used in healthcare and biotechnology fields owing to their benefits such as high accuracy, reliability, and stability.

Regional Insights

North America dominated the global market in terms of revenue, valued at USD 132.0 million in 2017. Focus on protecting the environment, coupled with stringent environmental regulations regarding wastewater management, has fueled the sale of liquid analytical instruments in countries such as Canada and the U.S.

Asia Pacific is projected to emerge as the fastest-growing regional market over the forecast period, owing to growth of the pharmaceutical industry in the region. Implementation of numerous government mandates and regulations aimed at ensuring quality and safety of food and pharmaceutical products is expected to fuel market growth.

Liquid Analytical Instrument Market Share Insights

ABB Ltd.; Analytical Systems Keco; Electro-Chemical Devices, Inc.; Schneider Electric SE; Emerson Electric Co.; Endress-Hauser Management AG; Honeywell International Inc.; Mettler-Toledo International Inc.; Teledyne Technologies Incorporated; and Yokogawa Electric Corporation are some of the leading players in this market. Major companies are focusing on adopting inorganic growth strategies. For instance, in October 2018, Teledyne Technologies Inc. acquired Falcon Analytical Systems and Technologies, LLC to strengthen its foothold in the U.S.

Key players in the market are investing in new product development, undertaking research and development activities, and focusing on product portfolio expansion to capture a large market share. Established players are further focusing on offering cost-effective and reliable liquid analytical instruments.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global liquid analytical instrument market report based on instrument, application, end-use, and region:

• Instrument Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)

  • Conductivity & Resistivity Analyzers

  • Infrared Analyzers

  • Oxygen Analyzers

  • pH/ORP Analyzers

  • Turbidity Analyzers

  • Others

• Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)

  • Liquid Chemistry Monitoring

  • Drug Discovery

  • Wastewater Management

  • Water Purification

  • Others

• End-use Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)

  • Chemicals

  • Energy

  • Food & Beverage

  • Healthcare & Biotechnology

  • Oil & Gas

  • Pharmaceuticals

  • Others

• Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Colombia

  • Middle East & Africa (MEA)