PUBLISHER: Grand View Research | PRODUCT CODE: 1375943
PUBLISHER: Grand View Research | PRODUCT CODE: 1375943
The global liquid analytical instrument market size is expected to reach USD 689.4 million by 2030, according to a new study conducted by Grand View Research, Inc.., registering a 5.6% CAGR during the forecast period. Increasing demand for liquid analytical instruments in food and beverage processing units for control and measurement of chemical composition of fluids is expected to drive the market.
Liquid analytical instruments are largely used in industrial manufacturing processes as they provide bias-free outcomes and rapid and accurate measurements. Increasing adoption of automated liquid analytical instruments in the pharmaceutical industry helps decrease human interferences and enable effective data control and monitoring. This is further anticipated to propel market growth over the forecast period.
Rapid and extensive development of the biotechnology industry, coupled with high adoption rate of precise analytical instruments, is expected to drive the market through 2025. Emergence of advanced technologies such as high-frequency liquid analysis and stream selection technology is further expected to fuel market growth.
Increasing demand for liquid analytical instruments for real-time data monitoring in end-use industries such as water treatment to enhance overall process efficiency is further contributing to market growth. Moreover, focus on protecting the environment and stringent environmental policies has propelled the adoption of liquid analytical instruments in various end-use industries such as chemicals, pharmaceuticals, and healthcare and biotechnology.