Process Liquid Analyzer Market Global Industry Volume and Region Analysis 2024

Global Process Liquid Analyzer Market: Overview

In the manufacturing sector, the precise measurement of liquids and gases is crucial. This report focuses on how the demand for process analyzers for liquids has changed over the years and the factors that have brought this change into effect. Process liquid analyzers may be used for measuring a wide range of dissolved ingredients, the conductivity of liquid materials, their pH levels, turbidity, or other factors that are integral to manufacturing operations.

Since these devices lend themselves to a myriad of operations, their use is not limited to a particular industry. They are a ubiquitous part of the following industries: Electronics and semiconductor, food and beverage, pharmaceuticals, metal and alloys, pulp and paper, textiles, waste water and water management, power and refineries, and oil and gas. Because of these wide-ranging uses of process liquid analyzers, their demand is projected to remain consistently high worldwide. TMR projects a positive outlook for the global process liquid analyzer market till 2024.

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With manufacturing operations being increasingly governed by demanding standards and specifications, using devices that offer accurate readings are a priority for manufacturers. This need will augur well for the global process liquid analyzer market in the years ahead.

The report on the global process liquid analyzers market makes use of meticulous primary and secondary research to highlight the changes that are occurring in this space. Untapped opportunities are also determined using both qualitative and quantitative analysis. A dedicated chapter on the top players in the market helps companies map the competitive landscape.

Global Process Liquid Analyzer Market: Trends, Drivers, and Restraints

The use of process liquid analyzers has seen an uptick in recent years in developing countries where industrialization is spreading fast. Moreover, larger companies acquiring niche market players to include specialized products in their portfolios is a defining trend in the global process liquid analyzer market. The launch of smart and integrated sensors is the biggest trend currently in developed countries. The adoption of intelligent sensors may take a few years in developing markets.

As the number of vendors in the global process liquid analyzer market is high, competition across the world is intense. Thus, companies that have been able to ace product differentiation have emerged as leaders. Yet, the market will have to counter forces such as a shortage of specialized process technicians and the lack of adequate professional support for maintenance projects. 

Global Process Liquid Analyzer Market: Segmentation

The global market for process analyzers for liquids can be segmented based on geographical regions, on the type of analyzer, and by application or end use. The key geographical segments of the market are: North America, Asia Pacific, Europe, and Rest of the World. North America currently represents the largest regional market for process liquid analyzers. The region, which is home to large industrial bases, will likely continue to exhibit a high demand for process liquid analyzers. Moreover, the massive manufacturing sectors in countries such as India and China will also boost sales in the global process liquid analyzers market.

Countries in Europe are expected to fare well as far as demand for process liquid analyzers is concerned. The strong performance of the pharmaceutical and allied industries can be credited for this. The report analyzes the market for process analyzers for liquids in a detailed manner to help readers uncover emergent trends and opportunities.

The market is characterized by a remarkably high number of vendors operating both locally and internationally. Top companies that have been profiled in the report include: Yokogawa Electric Corporation (Japan), Cemtrex Inc. (U.S), Emerson Electric Co. (U.S), ABB Ltd. (Switzerland), AMETEK Process Instruments (U.S.), and others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

High Adoption of Wireless and Cosmetically Appealing Devices to Promote Uptake of Audiological Devices

The global audiological devices market is highly consolidated, with the top six players accounting for nearly 97% of the overall market share in 2011, reports Transparency Market Research (TMR) in a new study. The key players in the audiological devices market are GN ReSound Group, William Demant Holding A/S, Sonova Holding AG, Starkey Hearing Technologies, Widex A/S, and Siemens Healthcare. 

“The strong holdings of these key players overshadow the contribution by other companies and impose a high entry barrier to the new entrants,” says the author of the report. The contribution by local players and some global players such as Panasonic is very low. However, the competitive rivalry is high in the global audiological devices market with all its constituent companies vying to protect their standing.

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Growing Prevalence of Deafness to Present Appreciable Demand for Audiological Devices

According to the American Academy of Audiology (AAA), hearing loss is the third most reported chronic disability affecting the geriatric population. With the growth in the geriatric population worldwide, growth in the cases of sensorineural hearing damage has also been registered. This has helped the demand for audiological devices as a corrective measure, thereby promoting the growth of the global audiological devices market.

There are various factors such as injuries, and genetic factors, infectious diseases, noise pollution, occupational factors, and problems during childbirth, pregnancy, and polypharmacy that lead to hearing loss. The high prevalence of deafness is a major public health issue across the globe. To address this problem, various governments and international organizations are encouraging the use of audiological devices.

Another factor positively influencing the growth of the global audiological devices market is the introduction of cosmetically appealing hearing devices that are small in size and hidden. The growth of these types of devices can be attributed to the changing lifestyles and high purchasing power of the end-users. These factors have consequently boosted the growth of the global audiological devices market.

Social Stigma to Hamper Sales of Audiological Devices

The high cost of surgical solutions such as bone anchored hearing aids (BAHA) and cochlear implant surgery challenge the patients financially. This problem further amplifies for the uninsured patients, whose population is still low in emerging nations. The patients, thus prefer using conventional hearing aids, thereby hampering the growth rate of the audiological devices market.

The majority of the population suffering from hearing loss tends to be reluctant towards the use of hearing aids and other audiological devices due to the social stigma associated with them. This stigma is likely to negatively influence the growth of the global audiological devices market. However, increasing measures taken by governments, healthcare providers, and hearing aid manufacturers in order to increase the hearing aid awareness amongst the masses may change the mindset. These measures are likely to encourage the growth of the global audiological devices market.

Wide Product Portfolio to Help Hearing Aids Lead the Global Market

The global audiological devices market was valued at US$6.22 bn in 2011 and is anticipated to reach US$8.648 bn by 2018 at a 4.90% CAGR between 2012 and 2018.

In terms of product type, the global audiological devices market is segmented into BAHA, cochlear implants, hearing aids, and diagnostic devices. The hearing aids segment is the leading segment by value and is anticipated to lead the market until the end of 2018. This can be attributed to a wide product portfolio offered by hearing aids. The global hearing aids market was valued at US$4.65 bn in 2015 and is estimated to reach US$5.12 bn by 2018. However, the greater efficiency of cochlear implants and bone anchored hearing aids will assist them in registering positive growth rate.

By geography, Europe is the leading geographical segment by revenue and is expected to maintain its leadership through 2018. A growing incidence of hearing impairment in the region has fuelled the demand for sophisticated and wireless audiological devices. However, Asia Pacific is the most rapidly growing market owing to the improvement in the distribution network of global market players.

The information presented in this review is based on a Transparency Market Research report, titled, ‘Audiological Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018.’

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About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.