The process analyzers, gas chromatography, and process spectroscopy markets for the food & beverages industry are estimated to grow at the highest rate during the forecast period. This growth can be attributed to the increasing adoption of gas chromatography and process spectroscopy techniques to determine key ingredients in the different phases of the food and beverages manufacturing cycle.
The global process analyzers (liquid & gas) market is expected to grow from USD 3.57 Billion in 2014 to USD 4.98 Billion by 2020, at a CAGR of 5.50% between 2015 and 2020.
The market is majorly driven by the increase in the shale gas production in the U.S. and growing demand for water & wastewater treatment. In addition, increasing usage of process liquid and gas analyzers in the emerging markets such as China and India and the rising adoption of spectroscopy instruments in the applied markets provide significant growth opportunities for the global process analyzers (liquid & gas).
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The food & beverages industry requires real-time measurement of various unwanted by-products, which are required for the quality and safety of food products. Therefore, these techniques provide monitoring tools for supplier validation, process optimization, and final product testing in reduced costs and improved quality.
The process analyzers (liquid & gas), gas chromatography, and process spectroscopy markets in the Americas held the largest size of the global process analyzers market; however, the markets in APAC are expected to exhibit the highest growth rate during the forecast period. The major factors driving the growth of these markets include huge investments by the major players in the process industries such as pharmaceutical, food & beverages, petrochemical, water & wastewater, and oil & gas among others.
The major players in the global process analyzers (liquid & gas), gas chromatography, and process spectroscopy markets are ABB Ltd. (Switzerland), AMETEK Process Instruments (U.S.), Applied Analytics, Inc. (U.S.), Endress+Hauser AG (Switzerland), The Emerson Electric Company (U.S.), GE Analytical Instruments (U.S.), Mettler-Toledo International Inc. (U.S.), PAC L.P. (U.S.), Siemens AG (Germany), Thermo Fisher Scientific, Inc. (U.S.), and Yokogawa Electric Corp. (Japan), among others.
Scope of the Report:
This report categorizes the global process analyzers, gas chromatographs, and process spectroscopy markets on the basis of component, type, industry, and geography.
By Component:
- Hardware
- Software
By Liquid Analyzers:
- Type
- Industry
- Geography
By Gas Analyzers:
- Type
- Industry
- Geography
By Gas Chromatographs:
- Type
- Industry
- Geography
By Process Spectroscopy:
- Type
- Industry
- Geography
By Industry:
- Oil & Gas
- Petrochemical
- Pharmaceutical
- Petrochemical
- Water & Wastewater
- Thermal Power
- Food & Beverages
- Pulp & Paper
- Metal & Mining
- Cement & Glass
- Others
Browse 82 market data Tables and 121 Figures spread through 208 Pages and in-depth TOC on "Process Spectroscopy Market - Global Forecast to 2020"
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The scope of the report covers detailed information regarding the major factors influencing the growth of the process analyzers (liquid & gas), gas chromatography, and process spectroscopy markets such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the markets.
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