Moisture Analyzer Market Share
Moisture analyzer market is expected to grow from USD 1.2 billion in 2017 to USD 1.5 billion by 2023, at a compound annual growth rate (CAGR) of 3.53% during the forecast period. The rapid increase in process automation and technological advancements resulting in more reliable heat-based moisture analyser drive the demand for moisture analyzer market.
Key players
The prominent players in the moisture analyser market are Ametek, Inc. (US), Kett Electric Laboratory (US), Michell Instruments Inc. (UK), General Electric Co. (US), PCE Instruments (Germany), Mettler-Toledo International, Inc. (US), Spectrasensors, Inc. (US), Sartorius AG (Germany), Metrohm AG(Germany), Arizona Instrument LLC (US), Shimadzu Corp. (Japan), A&D Co., Ltd. (Japan), Thermo Fisher Scientific, Inc. (US), Adam Equipment Inc. (US), Brookhuis Applied Technologies (Netherlands), Cem Corp. (US), Gow-Mac Instrument Co. (US), Systech Illinois Instruments, Inc. (US), Sinar Technologiy (England), Kam Controls, Inc. (US), Kern & Sohn GmbH (Germany), and U-Therm International (H. K.) Ltd. (China). These players have adopted product launch, product enhancement, and geographic expansion as their key organic growth strategy to increase increase their presence across the globe.
Growth Boosters and Top Restraints
Across a variety of industries, moisture analyzer is considered to be an essential instrument in warehouses, quality control departments, research and development (R&D) labs and all those applications where moisture content is essential when developing or meeting the given manufacturing criteria. These criteria are specified by industry trade associations and regulatory bodies. Moisture analyzer is based on humidity measurement and sensors measuring temperature.
Moisture analyzers come in different types, based on their application, which could be process, industrial, materials, etc. and also as per their resolution of measurement. It comprises two major components, a heater, and a balance. It also incorporates heating technology which helps measure the moisture. Moisture analyzers are used for measuring the climate, during the process of storing or operating of additives, raw materials, semi-finished or finished products among others.
The rising adoption of automation in the manufacturing process in numerous industry verticals has elevated demand for moisture analyzers at a global level. In addition, technological advancements also bode well with market growth. Stringent government guidelines which aim to maintain the high standards of edible products by retaining the needed moisture content in the product can also work in favor of the moisture analyzer market, in the food &beverages industry.
Regional Analysis
The global market for moisture analyser market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of moisture analyser market is done for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate the moisture analysers market from 2018 to 2023 as the region has a sustainable and well-established economy and it has a highly developed food and beverages, and pharmaceuticals industry that focus on latest technology. Furthermore, the presence of the leading manufacturers in the region further drive the moisture analyzer market in these regions.
Asia-Pacific is estimated to reister the highest CAGR during the forecast period. The growth in the region is attributable to factors including ongoing industrial development, rapid pace of process automation, growing environmental concerns, and rise in number of government programs to promote green initiatives in the developing countries such as India and China.
More Information@
Moisture Analyzer Market by Type, Size, Growth and Forecast – 2024 | MRFR
Moisture Analyzer Market is predictable to grow at a 3.9% CAGR during the review period, Global…
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