DUBLIN--(BUSINESS WIRE)--The "Ultraviolet Analyzer Market by Treatment Type (Liquid, Gas), Device Type (Online, Field), Industry (Oil & Gas, Chemicals & Pharmaceuticals, Environmental, Food & Beverages), Application, and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The Ultraviolet Analyzer Market is Expected to Grow from USD 1.0 Billion by 2019 to USD 1.4 Billion by 2024 at a CAGR of 6.4% from 2019 to 2024.
A few key factors driving the growth of this market include a rise in demand for environmental protection would upsurge the demand for ultraviolet analyzers for emission monitoring, and stringent standards and regulations for the environment.
Ultraviolet analyzer market for online devices to hold larger share during the forecast period
The ultraviolet analyzer market for online holds a larger share during the forecast period. Ultraviolet analyzers are process analytical instruments designed for measurement of components in emission monitoring processes of refineries, power generation plants, food & beverage industry, and chemicals industry, among others.
Many industries prefer online ultraviolet analyzers as they can be used for continuous emission monitoring of components in gas and liquid applications. Many of these analyzers offer advantages such as continuous or faster analysis and low purchase, operating, and maintenance costs.
Ultraviolet analyzers for air quality monitoring is expected to hold the largest share during the forecast period
The ultraviolet analyzer market for air quality monitoring is expected to hold the largest market share during the forecast period. The growing concern about air pollution is creating a need for accurate analytical technologies to prevent further pollution of the atmosphere. The increasing demand for environmental protection and stringent regulations on sulfur content in light oil and gasoline boost the adoption of ultraviolet analyzers which offer an extremely high degree of sensitivity and precision.
Oil & gas industry to witness the highest CAGR in ultraviolet analyzer market during the forecast period
The ultraviolet analyzer market for the oil & gas industry is expected to grow at the highest CAGR during the forecast period. Continuous monitoring of data related to emissions is a legal requirement for oil & gas companies to monitor and control pollutants released into the atmosphere and ensure that emissions do not exceed the defined thresholds.
The availability of efficient and reliable tools for analysis of this data is of paramount importance as environmental constraints can affect production. These factors drive the growth of ultraviolet analyzers for emission monitoring in the oil & gas industry.
APAC to witness highest CAGR in ultraviolet analyzer market during the forecast period
APAC is expected to hold the largest size of the ultraviolet analyzer market during the forecast period. The APAC has been a significant contributor to the growth of the global ultraviolet analyzer market as this region is emerging as an important hub for manufacturing. An increase in infrastructure development and industrialization is one of the prominent reasons for the growth in APAC.
- Rising Need to Protect the Environment Would Upsurge Demand for Ultraviolet Analyzers for Emission Monitoring
- Stringent Environmental Standards and Regulations
- High Acquisition and Maintenance Cost
- Fragmented Market With Many Specialist Suppliers
- Developing Ultraviolet Analyzers With Improved Capacity
- Growing Demand From Emerging Economies
- Design Constraints Limiting Compliance With Epa Guidelines for Air Monitoring
- Lack of Skilled Labor
- Thermo Fisher Scientific
Other Key Players
- Vasthi Instruments
- Agilent Technologies
- Hitachi High-Technologies
- Advance Uv Systems
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