DALLAS, April 15, 2014 /PRNewswire/ --
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", published by MarketsandMarkets, the market is expected to grow at a CAGR of 5.6% from 2014 to 2020, and reach $4.9 Billion in 2020.
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"
Early buyers will receive 10% customization on this reports.
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.
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.
Browse Related Reports
Oil & Gas Automation & Instrumentation Market (SCADA, DCS, PLC & MES), Instrumentation, Analyzers, Flow Computers, Leakage Detection, Operation & Geography - Global Forecasts and Analysis 2013 - 2020
Industrial Controls & Factory Automation Market by Product Type (Control Systems, MES, Field Devices, ERP), Application (Power, Textile, Automotive, Chemical, Oil & Gas, F&B, Pharmaceuticals) & Geography - Global Forecast & Analysis (2011-2016)
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets