Opportunity Assessment of the Process Liquid Analyser Market Reveals Positive Revenue Growth Piggybacking on Regulatory Mandates Imposed on Petroleum Refineries
With an increasing focus on sustainability and the green revolution, coupled with concerns pertaining to the use of fossil fuels, governments across the world are teaming up with global industry bodies to prescribe regulations to reduce the harmful effects of refined petroleum fuels. Adhering to these mandates will mean petroleum refineries need to upgrade their infrastructure, technologies, and blending and operational processes. This scenario is anticipated to create a favourable path for revenue growth of the global process liquid analyser market.
Process Liquid Analyzer Market
Future Market Insights offers a 10-year forecast for the process liquid analyzer market be...
According to a new research study by Future Market Insights (FMI), the process liquid analyser market is slated to reach a valuation of about US$ 4 Bn by 2028. From an estimated value of just under US$ 2.4 Bn in 2018, this is indicative of a decadal growth rate of 5.8% from 2018 to 2028. Mass urbanisation across the globe brought about by rapid industrialisation has resulted in a sustained need for clean, potable water and wastewater treatment. The governments of emerging economies particularly in the Asia Pacific are beefing up investments in water and wastewater treatment infrastructure to meet the rising demands of the population. Future Market Insights predicts a lucrative opportunity for new revenue generation in the process liquid analyser market as a direct consequence of these investments.
Increasing Demand for Process Liquid Analysers to be Witnessed from Key End-use Industries in the Coming Years
Process liquid analysers are widely used across industries such as food and beverages, healthcare and pharmaceuticals, chemicals, water and wastewater treatment, oil and petrochemicals, automotive, paper and pulp, and power generation. Consistent growth of end-use industries has led to a rising need for providing high quality output while adhering to the stringent governmental norms ruling various industrial processes. An increasing demand for critical industrial components such as process liquid analysers can be observed in the wake of industrial advancements that call for enhanced operational efficiency and reduction in costs as well as industrial waste. According to FMI analysis, water and wastewater treatment is the largest end-use sector in the global process liquid analyser market, both in terms of revenue and demand generation.
Revenue Pullers in the Process Liquid Analyser Market
While the need to enhance industrial operational efficiencies and ensure consistent integrity of industrial processes is driving the process liquid analyser market, there are certain factors that are restricting revenue growth. Process liquid analysers come with very low replacement rates, requiring the replacement of the product after a span of several years. Product longevity acts as a bane in subsequent replenishments, thereby restraining replacement revenue growth to some extent. Then again, the initial setup costs associated with process liquid analysers could be very high, depending on the end-use application. Complex process liquid analysers used in some of the crucial industrial processes may require high capital investments. This factor is also expected to act as a hindrance to revenue growth of the global process liquid analyser market.
FMI Projections and Forecasts of the Process Liquid Analyser Market
The process liquid analyser market is estimated to generate incremental $ opportunity to the tune of about US$ 1.8 Bn in the next 10 years
Process liquid analysers deploying NIR technology are slated to have the widest application
TOC analysers to dominate the global market through 2028; pH & ORP analysers to witness fastest growth owing to increasing application across several end-use industries
Process liquid analysers with digital displays to hold largest market share in the coming decade
Demand from the water and wastewater treatment sector will witness fastest growth during the period 2018 - 2028; this is also the largest revenue generating end-use sector in the global market
North America to remain dominant regional market for process liquid analysers through 2028; China and India to remain top regional markets in terms of demand for process liquid analysers
For more insights on the process liquid analysers market, write in to Future Market Insights analysts at email@example.com
About Industrial Automation Division at Future Market Insights
The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
- Global Conveyor Systems Market
- Global Lead Acid Battery Market
- Global Magnetic Separator Market
- Produced Water Treatment Market
- Global Variable Frequency Drives Market
- Global Pharmacy Automation System Market
- Global Oil Gas Terminal Automation Market
- Industrial Robotics Market
- Lead Acid Battery Market
- Heat Recovery Steam Generator Market
- Telecom Tower Power Systems Market
- Us Plastic To Fuel Market
- Heat Pumps Market
- Centrifugal Pumps Market
- Chilled Beam System Market