US Analytical Instruments Market Forecast

The world has witnessed a strong pattern of demand for analytical instruments and automation products in the past few years. The US, in such a scenario, has played a leadership role in further strengthening the market potential. Renowned players of the industry has effectively seen boost in their revenue, marked by factors such as high investments, strict regulations & compliances, and product innovations. Though the economic slowdown impacted the market in 2009, the post-recession period is likely to bring increased spending from end-users. By 2014, the US analytical instruments market may reach US$ 7.3 Billion.

In 2011, the market size of analytical instruments sector in the US is expected to be worth US$ 6.6 Billion. Market growth is largely dependent on the spending patterns of several industries, such as chemicals, food & beverage, oil & gas, electric utilities, pharmaceutical etc. As most of these sectors are performing good and capital spending is effective, the demand for quality driven analytical instrument may propel the overall market. Moreover, the government is also ensuring that safety remains the top issue in all the industries.

Key segments under the US analytical instruments market include gas analytical instruments, liquid analytical instruments, final control elements, electronic flowmeters, and control systems. In 2011, these segments together are likely to account for around 70% of the total market. Government regulations and acts regarding environmental safety and food safety, chemical plants, and drugs manufacturing are the key drivers for these segments.

The report “US Analytical Instruments Market Forecast” is a prime source of knowledge and analysis of the US analytical instruments market. It broadly investigates the application areas of key segments in several industries and discusses their spending patterns. Competitive landscape section deals with the description, recent developments, and strength-weakness analysis of key market players. Overall, the report is best suited for those clients and investors who are concerned with the current performance and future outlook of the analytical instruments sector in the US.