DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Process Analyzer Market - Forecasts from 2016 to 2021" report to their offering.
Process Analyzer market is projected to grow at a CAGR of 4.41% during the forecast period to reach a total market size of US$2.632 billion by 2021 from US$2.032 billion in 2015.
Growing awareness regarding water saving and treatment is one of the key drivers of global process analyzer market. Increasing manufacturing activities is further fuelling the demand for process analyzers on account of demanding standards and specifications. The demand for process analyzers by food and beverage industry will escalate due to stringent government and health regulations across the globe. Furthermore, increasing demand for emission control will further propel the growth of global process analyzers market in the forthcoming years.
Geographically, North America holds the largest share of the global process analyzers market due to high investments in food and beverage industry and growing pharmaceuticals industry. APAC region is anticipated to witness a significant market growth which is majorly driven by growing demand for wastewater treatment plants.
Moreover, rapid industrialization and growing processed food and beverage industry will further boost the demand for process analyzers in the region. However, high infrastructure costs, lack of maintenance of the installed process analyzers, and lack of skilled personnel are the restraints that will hinder the growth of global process analyzer market during the forecast period.
Key industry players that are profiled in the section are ABB, Yokogawa Electric Corporation, Teledyne Technologies, Emerson Electric, and AMETEK Process Instruments among others.
Thirdly, Process Analyzer market has been segmented by type, industry verticals and geography as below:
- Fluoride Analyzers
- Aluminum Analyzers
- Chlorine Analyzers
- PH/ORP Analyzers
By Industry Verticals
- Oil and Gas
- Metal and Mining
- Pulp and Paper
- Food and Beverage
- Water and Wastewater
For more information about this report visit http://www.researchandmarkets.com/research/zfv5jf/process_analyzer