The particle counters market is projected to grow at a CAGR of 11.0% during the forecast period, to reach USD 580 million by 2024 from USD 340 million in 2019
NEW YORK, Jan. 27, 2020 /PRNewswire/ --
The particle counters market is projected to grow at a CAGR of 11.0% during the forecast period (2019–2024).
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The particle counters market is projected to grow at a CAGR of 11.0% during the forecast period, to reach USD 580 million by 2024 from USD 340 million in 2019. The growth in this market is driven by the robust growth in applied markets, the favorable regulatory scenario, and growing focus on the quality of food products. In addition, emerging economies (such as Brazil, Russia, India, South Korea, and China) are expected to offer lucrative growth opportunities for market players. However, the high cost and technical limitations of particle counters are adversely impacting the growth of this market.
The portable particle counters segment accounted for the larger share of the airborne particle counters market, by type, in 2018
On the basis of type, the market is segmented into portable particle counters, handheld particle counters, remote particle counters, and condensation particle counters.The portable particle counters segment is estimated to command the largest share of the airborne particle counters market in 2018; it is also expected to register the highest CAGR during the forecast period.
The advantages associated with portable particle counters, such as high sensitivity and flow rate, are driving the demand for portable particle counters.
• By type, the online/inline particle counters segment accounted for the largest market share in 2018
Liquid particle counters are further segmented into online/inline particle counters and offline particle counters.Online/inline particle counters commanded the largest share of the liquid particle counters market in 2018; this segment is also expected to register the highest CAGR during the forecast period.
The large share of this segment can be attributed to the advantages associated with these devices, such as online sampling and continuous condition monitoring. Furthermore, growth in the pharmaceutical and semiconductor industries, which require continuous monitoring of fluids, is also expected to support growth in this market segment.
By end user, the life sciences & medical device industry segment accounted for the largest market share in 2018
On the basis of end user, the market is segmented into the life sciences & medical device industry, semiconductor industry, automotive industry, aerospace industry, food & beverage industry, and other end users.In 2018, the life sciences & medical device industry segment accounted for the largest share of the particle counters market.
Market growth is largely driven by the growing volume of compounds to be detected for the presence of impurities in pharmaceutical samples, increasing production of pharmaceutical formulations, stringent safety regulations, and increased R&D expenditure. The increase in pharmaceutical manufacturing outsourcing from the Asian region and the establishment of new manufacturing facilities by global pharmaceutical giants in newer geographies are also propelling the demand for particle counters in this end-user segment.
The market in the APAC region is expected to witness the highest growth during the forecast period.
The particle counters market in the APAC is expected to witness the highest CAGR during the forecast period. This can be attributed to the tremendous growth in the pharmaceutical, food & beverage testing, and medical device industries; increasing R&D funding; growing number of CROs; favorable government initiatives to promote the pharmaceutical and biopharmaceutical industries; and growing concerns about environmental monitoring & food safety.
A breakdown of the primary participants referred to for this report is provided below:
• By Company Type: Tier 1: 21%, Tier 2: 26%, and Tier 3: 53%
• By Designation: C-level: 32%, Director-level: 26%, and Others: 42%
• By Region: North America: 35%, Europe: 30%, Asia Pacific: 15%, Latin America: 10%, and the Middle East & Africa: 10%
The prominent players in the particle counters market are Particle Measuring Systems (US), Beckman Coulter (US), RION Co., Ltd. (Japan), Lighthouse Worldwide Solutions (US), TSI (US), Climet Instruments Company (US), Met One Instruments, Inc. (US), Particle Plus (US), Setra Systems (US), PAMAS (Germany), Chemtrac (US), Hal Technology (US), Konamax (US), Veltek Associates (US), PCE Instruments (UK), GrayWolf Sensing Solutions (US), Extech Instruments (US), Palas GmbH (Germany), HYDAC International (Australia), and Fluke Corporation (US).
Research Coverage:
The report analyzes the particle counters market and aims at estimating the market size and future growth potential of the market and the different application segments, such as cleanroom monitoring, indoor air quality monitoring, contamination monitoring of liquids, drinking water contamination monitoring, aerosol monitoring & research, chemical contamination monitoring, and other applications. The report also includes an in-depth competitive analysis of the key players in this market, along with their company profiles, product offerings, and recent developments.
Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a greater share. Firms purchasing the report could use one, or a combination of the below mentioned five strategies for strengthening their market presence.
This report provides insights on the following pointers:
• Market Penetration: Comprehensive information on the product portfolios offered by the top players in the particle counters market.
• Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the particle counter market.
• Market Development: Comprehensive information on lucrative emerging regions.
• Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the global particle counters market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, revenue analysis, and products of the leading players in the particle counters market.
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