Process analyzers are used to monitor the flow of substances, such as liquids and gases, through enclosed pipes or channels. The samples of substances are collected to analyze their composition, pressure, rate of flow, and several other aspects to avoid leakage or contamination of external entity in the substance.
The process analyzer market size was valued at $7.7 billion in 2020, and is expected to reach $12.2 billion by 2030, registering a CAGR of 4.8% from 2021 to 2030.
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The major driving factor of the process analyzer market is rising demand for wastewater treatment facilities to tackle the problem of water & wastewater generated by municipal as well as industrial waste. In addition, growth of pharmaceutical and chemical industries has led to rise in demand for process analyzers.
Key Market Players
ABB Ltd., AMETEK Process Instruments, Applied Analytics, Inc., Endress+Hauser AG, Emerson Electric Co., Mettler-Toledo International Inc., Siemens AG, Suez, Thermo Fisher Scientific, Inc., and Yokogawa Electric Corporation.
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Key Market Segments
By Analysis Type
By Analyzing Material State
By End-user Industry
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