The worldwide market for process analyzers was valued at approximately USD 7.9 billion in 2023 and is expected to grow to around USD 10.1 billion by 2030, with a compound annual growth rate (CAGR) of 3.7% between 2024 and 2030.
The mounting concentration on advancing water quality and public well-being, growing water needs from sectors and people, the thriving oil & gas sector, and severe government rules on wastewater treatment are the key industry propellers.
The optimization of procedures, fortification of assets, and compliance are the major advantages of a process analyzer. The device is mainly utilized for the equipment-aided accurate periodic measurement of the chemical and physical features of an industrial procedure. Additionally, the acceptance of AI, automation, and smart tech in the manufacturing sector is catering as a key booster factor for the industry.
The lessening obtainability of freshwater is because of the distressed weather patterns because of the pollution-encouraged climate change. Additionally, the surge in the awareness to preserve water, implement rainwater harvesting and wastewater treatment methods, and surge in the effectiveness of water supply systems propels the industry.
MLSS analyzers, based on liquid analysis, are projected to experience the most significant growth rate during the forecast period. These types of analyzers are predominantly utilized in environmental monitoring and wastewater treatment processes.
They play a crucial role in optimizing and monitoring processes, analyzing microorganism concentrations, and effectively breaking down waste within activated sludge. By enabling continuous monitoring, MLSS analyzers alleviate the necessity for manual sampling and laboratory tests, thereby saving time and resources for operators of wastewater treatment plants.
In 2023, on the basis of gas analyzers, oxygen analyzers produced revenue of approximately USD 3 billion. The quantity of oxygen obtainable plays a leading role in determining whether the burning of a fuel is rich or lean.
Thus, such instruments are utilized to determine the amount of this gas in boilers, furnaces, and furnaces. The key benefits of this device are fast and precise readings in high-temp and corrosive atmospheres.
