Process liquid analyzers provide a way to continuously monitor the critical parameters of process liquid streams and maintain an overall check on an industrial process and its output. They help end users maximize process performance, improve plant and process productivity and thus, overall profitability.

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The governments of emerging economies particularly in the Asia Pacific are beefing up investments in water and wastewater treatment infrastructure to meet the rising demands of the population. Future Market Insights predicts a lucrative opportunity for new revenue generation in the process liquid analyser market as a direct consequence of these investments.

According to a new research study by Future Market Insights (FMI), the process liquid analyser market is slated to reach a valuation of about US$ 4 Bn by 2028. From an estimated value of just under US$ 2.4 Bn in 2018, this is indicative of a decadal growth rate of 5.8% from 2018 to 2028. Mass urbanisation across the globe brought about by rapid industrialisation has resulted in a sustained need for clean, potable water and wastewater treatment.

Increasing Demand for Process Liquid Analysers to be Witnessed from Key End-use Industries in the Coming Years

An increasing demand for critical industrial components such as process liquid analysers can be observed in the wake of industrial advancements that call for enhanced operational efficiency and reduction in costs as well as industrial waste. According to FMI analysis, water and wastewater treatment is the largest end-use sector in the global process liquid analyser market, both in terms of revenue and demand generation.

Process liquid analysers are widely used across industries such as food and beverages, healthcare and pharmaceuticals, chemicals, water and wastewater treatment, oil and petrochemicals, automotive, paper and pulp, and power generation. Consistent growth of end-use industries has led to a rising need for providing high quality output while adhering to the stringent governmental norms ruling various industrial processes.

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FMI Projections and Forecasts of the Process Liquid Analyser Market

• The process liquid analyser market is estimated to generate incremental $ opportunity to the tune of about US$ 1.8 Bn in the next 10 years
• Process liquid analysers deploying NIR technology are slated to have the widest application
• TOC analysers to dominate the global market through 2028; pH & ORP analysers to witness fastest growth owing to increasing application across several end-use industries
• Process liquid analysers with digital displays to hold largest market share in the coming decade
• Demand from the water and wastewater treatment sector will witness fastest growth during the period 2018 – 2028; this is also the largest revenue generating end-use sector in the global market
• North America to remain dominant regional market for process liquid analysers through 2028; China and India to remain top regional markets in terms of demand for process liquid analysers.

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Revenue Pullers in the Process Liquid Analyser Market

While the need to enhance industrial operational efficiencies and ensure consistent integrity of industrial processes is driving the process liquid analyser market, there are certain factors that are restricting revenue growth. Process liquid analysers come with very low replacement rates, requiring the replacement of the product after a span of several years. Product longevity acts as a bane in subsequent replenishments, thereby restraining replacement revenue growth to some extent.