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Analytical Instrument Market in the US 2017-2021

About Analytical Instrument

Analytical instruments are precision engineering equipment used in the constant monitoring of numerous parameters. These instruments are also often known as online instruments. They analyze and identify the physical, chemical, molecular, and elemental properties of a given sample. These instruments are used across end-user industries such as chemical and petrochemical, oil and gas, and pharmaceutical and biotechnology.

Technavio’s analysts forecast the analytical instrument market in the US to grow at a CAGR of 3.79% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the analytical instrument market in the US for 2017-2021. To calculate the market size, the report discusses the major drivers influencing market growth and the challenges faced by vendors and the market.Technavio's report, Analytical Instrument Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • ABB
  • Agilent Technologies
  • Siemens
  • Thermo Fisher Scientific
Other prominent vendors
  • AMETEK
  • Bio-Rad Laboratories
  • Danaher Corporation
  • Fortive Corporation
  • General Electric
  • Honeywell International
  • Mitsubishi Electric
  • Yokogawa Electric
Market driver
  • Stringent government regulations.
  • For a full, detailed list, view our report
Market challenge
  • Necessity for price-sensitive and multiple technology solutions.
  • For a full, detailed list, view our report
Market trend
  • Necessity for price-sensitive and multiple technology solutions.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Analytical Instrument Market in the US 2017-2021

Technavio recognizes the following companies as the key players in the analytical instrument market in the US: ABB, Agilent Technologies, Siemens, and Thermo Fisher Scientific.

Other prominent vendors in the market are: AMETEK, Bio-Rad Laboratories, Danaher Corporation, Fortive, General Electric, Honeywell International, Mitsubishi Electric, and Yokogawa Electric.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is rise in electrical and electronic components in automobile industry. Wired and wireless serial communications are being widely implemented in vehicles nowadays, and these systems also contribute to the demand for electrical measurement equipment. MOST150 and Broad R-Reach Ethernet for cars are two communication technologies that are increasingly being used in vehicles. New entertainment systems, which are being installed in cars, can connect more devices by using wireless technologies such as Wi-Fi and Bluetooth. In developed regions, such as the US and Europe, embedded cellular technology is playing a more active role in eCall, where cars automatically send an alert to emergency centers in the case of a serious accident. Cars are also equipped with advanced features such as advanced GPS systems and a hot spot that converts 3G or 4G signals into Wi-Fi.”

According to the report, one of the primary drivers in the market is rise in demand for generic drugs. Pharmaceutical drugs are chemical or biochemical substances used to prevent and treat diseases. The global generic drugs market is one of the major sub-markets of the global pharmaceutical market, and it will grow at a significant rate during the forecast period. The patent expiries of branded drugs and the growing prevalence of diseases increase the demand for generic drugs, contributing to the market's growth.

Further, the report states that one major challenge in the market is necessity for price-sensitive and multiple technology solutions. Advances in technology have encouraged companies to invest in innovative products, thus increasing market competitiveness. Evolving consumer preferences have increased the need for investments in product development. Many electrical measurement equipment vendors are dependent on raw materials from China for manufacturing their products. The increase in raw material costs and import duties imposed by governments worldwide have increased the production cost of electrical measurement equipment.

Companies Mentioned

ABB, Agilent Technologies, Siemens, Thermo Fisher Scientific, AMETEK, Bio-Rad Laboratories, Danaher Corporation, Fortive, General Electric, Honeywell International, Mitsubishi Electric, Yokogawa Electric.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Major products considered under analytical instrument market in the US
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Factors propelling and affecting growth of analytical instrument market in US
  • Market landscape
    • Market overview
      • Table Analytical instrument market in US 2016-2021
    • Market size and forecast
      • Table Analytical instrument market in US 2016-2021 ($ billions)
      • Table Industrial production in US October 2015-September 2016 (%)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Analytical instrument market in the US 2016 and 2021 ($ billions)
    • Process control instruments market in US
      • Table Process control instruments market in the US 2016-2021 ($ billions)
      • Table US rig count 1995-2020
      • Table US crude oil production 2014-2016 (thousands of barrels per day)
    • Laboratory analytical instruments market in the US
      • Table Laboratory analytical instruments market in US 2016-2021 ($ billions)
      • Table Global biopharmaceutical products market 2015-2021 ($ billions)
      • Table Top biopharmaceutical companies globally 2014 and 2015 ($ billions)
      • Table Liquid refreshment beverages market in US 2011-2015 (millions of gallons)
    • Electrical measurement equipment market in the US
      • Table Electrical measurement equipment market in the US 2016-2021 ($ billions)
      • Table Global commercial flight deliveries 2015-2034
      • Table Boeing's orderbook as of October 2016 (number of aircraft)
      • Table Automobile industry production in US 2012-2015 (millions of units)
      • Table US plug-in car sales 2012-2016 (thousands of units)
      • Table 4G versus 5G
  • Market drivers
    • Rise in demand for generic drugs
      • Table Branded drugs versus generic drugs
      • Table Generic drug market in US
      • Table Generic drugs market in the US 2015-2020 ($ billions)
      • Table Generic versus branded drugs in North America
    • Stringent government regulations
    • Decline in price of PV systems
      • Table Solar PV installations in US 2007-2015 (MW)
      • Table Factors influencing the cost of PV systems
      • Table Sector-wise price of PV systems in US 2015-2016 H1 ($/watt)
    • Increase in R&D expenditure
  • Market challenges
    • Unpredictability in oil and gas prices
      • Table Crude oil prices 2011-2015 (% change)
    • Necessity for price-sensitive and multiple technology solutions
      • Table Important factors for vendors to sustain in electrical measurement equipment market
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growth in nuclear power generation
      • Table Benefits of nuclear power
      • Table Nuclear power generation in the US
      • Table Snapshot of nuclear power generation in US
    • Rise in electrical and electronic components in automobile industry
  • Vendor landscape
    • Competitive landscape
      • Table Danaher: R&D spending 2015 (%)
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ABB
      • Table ABB: Products segment
      • Table ABB: Services segment
      • Table ABB: Analytical instruments product portfolio
    • Agilent Technologies
      • Table Agilent Technologies: Product portfolio
    • Siemens
      • Table Siemens: Analytical instruments product portfolio
    • Thermo Fisher Scientific
      • Table Thermo Fisher Scientific: Product and service portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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