About the Liquid Analytical Instruments Market
Liquid analytical instruments are used for evaluating the characteristics and assessing the chemical composition of fluids. Liquid analytical instruments are extensively used for numerous applications such as measurement of hydrogen, dissolved oxygen, oxidation reduction potential, and the conductivity/resistivity of a liquid. They aid in measuring the safety and purity of drinking water in the water treatment industry. The major end-users of liquid analytical instruments are the water, oil and gas, power, chemical, and pharmaceuticals industries.
Technavio’s analysts forecast the global liquid analytical instruments market to grow at a CAGR of 6% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global liquid analytical instruments market for 2016-2020. In order to calculate the market size, it considers the revenue generated from the sales of liquid analytical instruments such as sensors and transmitters to various end-user industries such as water, chemical, oil and gas, power, pharmaceuticals, and other process industries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Liquid Analytical Instruments Market 2016-2020
Technavio recognizes the following companies as the key players in the global liquid analytical instruments market: ABB, Emerson Electric, Endress+Hauser, and Teledyne.
Other Prominent Vendors in the market are: AMETEK, Analytik Jena, Danaher, GE, Honeywell, and Yokogawa Electric.
Commenting on the report, an analyst from Technavio’s team said: “A key trend which is expected to boost market growth is the growing number of digital oil and gas fields. However, due to factors such as increasing energy demand from emerging countries, including China, India, Brazil, and Russia, stringent regulations imposed on the industry, and the declining oil reserves evident across the globe, the oil companies are exploring smarter ways to enhance productivity significantly and reduce costs at the same time. They are now gradually looking forward to the development of digital oil and gas fields - an application of digital technology along with in-field measurement devices, real-time data, and simulation models, coupled with complex algorithms to enhance productivity.”
According to the report, a key growth driver is the need for real-time data monitoring. There has been an increasing need for real-time data monitoring in several end-user industries, such as the water treatment industry, to improve overall process efficiency. Major applications of liquid analytical instruments are found in all types of industrial manufacturing processes that require quick, accurate, and bias-free measurements and output. Numerous industries use liquid analytical instruments due to their ability to measure the real-time data online.
Further, the report states that one challenge that could restrict market growth is the absence of multidisciplinary analytical instruments. The search among end-user industries for the global liquid analytical instruments market for an all-in-one analytical instrument that can be used to test and analyze valuable data for several applications simultaneously is posing a challenge for vendors.
ABB, Emerson Electric, Endress+Hauser, Teledyne, AMETEK, Analytik Jena, Danaher, GE, Honeywell, Yokogawa Electric.