The Moisture Analyzer by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Moisture Analyzer, The moisture analyzer market size has grown strongly in recent years. It will grow from $2.36 billion in 2023 to $2.48 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to quality control in manufacturing, customization and versatility, stringent regulatory standards, pharmaceutical product integrity, environmental monitoring, quality assurance in textile industry.
The moisture analyzer market size is expected to see strong growth in the next few years. It will grow to $3.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to globalization of supply chains, focus on energy efficiency, customization and application specificity, focus on sustainable packaging, efficient waste management, emergence of portable moisture analyzers, increased focus on personal care products.. Major trends in the forecast period include advanced sensor technologies, incorporation of infrared moisture analyzers, integration with smart technologies, real-time monitoring and data logging, integration with laboratory information management systems ..
Increasing industrial and process automation is expected to propel the growth of the moisture analyzer market going forward. Industrial and process automation refers to the act of applying intelligent technology to industrial processes to replace manual, repetitive tasks with highly efficient and automated workflows. Moisture analyzers are helpful in increasing process automation and reducing manpower requirements as they are quick, precise, intuitive, and take care of everything. It also incorporates the best of all strategies while avoiding their drawbacks. For instance, according to the IFR international federation of robots’ report, in 2021, there are 3 million industrial robots operating in factories around the world. In addition, sales of new robots grew slightly (0.5%) in the pandemic. Therefore, increasing industrial and process automation drives the moisture analyzer market growth.
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The moisture analyzer market covered in this report is segmented –
1) By Type: Desktop, Handheld
2) By Analyzing Technique: Loss-On-Drying, Karl Fischer Titration, Microwave, Capacitance, Drying Owen, Near-Infrared, Radio Frequency, Other Analyzing Techniques
3) By Vertical: Construction, Pharmaceuticals, Chemical and Petroleum, Food and Beverage, Wood, Paper, and Pulp, Metal and Mining, Other Verticals
Strategic partnerships have emerged as a key trend gaining popularity in the moisture analyzer market. Major companies operating in the moisture analyzer market are looking for partnerships to meet consumer demand. For instance, in January 2021, Vector Controls and Automation Group, a US-based manufacturer of moisture analyzers partnered with SpectraSensors, a US-based manufacturer of laser-based analyzers and sensors. Through this partnership, Vector CAG would sell SpectraSensors products in the states of Texas, Oklahoma, Kansas, Arkansas, Missouri, Southern Illinois, and South Eastern New Mexico.
The moisture analyzer market report table of contents includes:
- Executive Summary
- Moisture Analyzer Market Characteristics
- Moisture Analyzer Market Trends And Strategies
- Moisture Analyzer Market – Macro Economic Scenario
- Global Moisture Analyzer Market Size and Growth
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- Global Moisture Analyzer Market Competitive Benchmarking
- Global Moisture Analyzer Market Competitive Dashboard
- Key Mergers And Acquisitions In The Moisture Analyzer Market
- Moisture Analyzer Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- PCE Instruments Ltd
- Michell Instruments Inc
- AMETEK Inc
- SpectraSensors Inc
- General Electric Company
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