According to a new market research report the "Process Analyzer Market by Segments (Gas Analyzers, Liquid Analyzers), Types (Electrochemical, Infrared, Paramagnetic, Zirconia, MOS, Laser, Catalytic, PID, Conductivity, Dissolved Oxygen, Turbidity, Titro, and TOC) & Geography - Global Trends & Forecast to 2014 - 2020", the market is expected to grow at a CAGR of 5.6% from 2014 to 2020, and reach $4.9 Billion in 2020.
Process analyzers are instruments that can perform elemental analysis on process streams in real-time. In the late 1930s, Dr. Karl Luft introduced the Non-Dispersive Infrared (NDIR) analyzer for process gas streams. Since then, several companies contributed for the development and advancement of process analyzer technology, especially for the industries like chemicals and refineries. Process analyzers were adopted for their detection and measurement capabilities and utilized for the purposes of process optimization, product quality improvement, emissions control, and for safety reasons.
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ABB Ltd. (Switzerland), a prominent player in power and automation industry, is one of the leading companies in the process analyzer industry. The company’s process automation division offers control systems, turbocharging, and measurement products. ABB has been developing, manufacturing, and installing at-line and on-line process analyzers as a part of its measurement products’ portfolio. The company follows organic as well as inorganic growth strategies for expansion. It recently acquired Los Gatos Research (U.S.) to add a product line of high-performance gas analyzers to its portfolio. This will benefit ABB in achieving further advancement and growth in this industry.
Browse 92 market data tables 31 figures spread through 300 pages and in-depth TOC on "Process Analyzer Market - Global Trends & Forecast to 2014 - 2020"
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Process analyzers are highly sophisticated instruments that can identify the chemical composition of compounds present in the process stream, and measure the concentration of the elements identified in the composition. The process analyzer industry has been in existence since the 1930s and is a combination of disciplines like analytical chemistry, process chemistry, process engineering, and multivariate data analysis. They find applications in measurement, quality control, process optimization, and safety control.
Process analyzers are instruments which can identify the chemical compositions present in either liquid or gaseous compounds, and also give the exact measurement of those compounds. These instruments can detect the concerned elements even if they are present in minute quantities, with ranges as low as parts per million (ppm), parts per billion (ppb), and also in some cases, parts per trillion (ppt) levels. This makes them highly effective for detecting traces of components in compounds, for instance, detecting the presence of silica in the water of power plant boilers, and raise an alarm. Thus process analyzers play a vital role in ensuring efficient operations in industries, process optimization, improving the overall quality of the product, and for safety purposes.
Water is an important natural resource both for domestic as well as industrial applications. Several parts of the world are facing water scarcity and so water conservation is slowly gaining momentum. As a result, water and wastewater treatment activities are increasing which in turn has increased the demands for process analyzers. Process analyzers are used for detecting the presence of impurities like silica in water and for determining the water chemistry parameters such as pH, ORP, hardness – to decide the course of treatment on water before using it in industries.
This report covers the process industry on the basis of products, applications, and geography. The segmentation by products includes gas analyzers, and liquid analyzers, their subtypes and their future market potential. Of all the major products, the infrared gas analyzer is expected to have the higher adoption rates for the mass market. The segmentation by application includes industries such as chemical/petrochemical, power/utility, water and wastewater treatment, pharmaceuticals, food and beverages, pulp and paper, mining, and cement and glass. The geographical analysis covers Americas, Europe, APAC, and ROW.
The major drivers for the Process Analyzer Market are the requirement for extremely low-level trace component measurement, water and wastewater treatment, growth of industries like oil, gas, petrochemicals, cement and glass, the increasing demand for emission control, and many more. There are restraints in the market such as high initial costs, restricted growth in developed counties, and fragmented market with too many specialist suppliers that may inhibit the market growth. The increasing demand from emerging economies is one of the key opportunities for the process analyzer market.
The major companies involved in process analyzer are ABB Ltd. (Switzerland), Emerson Process Management (U.S.), Endress+Hauser (Switzerland), Siemens AG (Germany), Thermo Fisher Scientific (U.S.), Yokogawa Electric Corporation (Japan), and more.
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