PUBLISHER: The Business Research Company | PRODUCT CODE: 1392787
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392787
“Moisture Analyzer Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on moisture analyzer market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for moisture analyzer? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The moisture analyzer market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A moisture analyzer is a device designed to determine the moisture content through the loss of the drying method and typically comprises a weighing and heating unit. Its purpose is to measure the moisture content in small samples of various products, including solids, liquids, and gases, during manufacturing or processing.
The primary types of moisture analyzers include desktop, handheld, and in-line variants. A desktop moisture analyzer is employed for highly accurate measurements of a sample's weight before and after the drying process. Various analyzing techniques are utilized, such as loss-on-drying, Karl Fischer titration, microwave, capacitance, drying, Owen, near-infrared, radiofrequency, and other methods. These analyzers find applications in diverse industries, including pharmaceuticals, chemicals, petroleum, food and beverage, wood, paper, and pulp, construction, water treatment, biomass, semiconductors, metals, mining, and more.
The moisture analyzer market research report is one of a series of new reports from The Business Research Company that provides moisture analyzer market statistics, including global market size, regional shares, competitors with a moisture analyzer market share, detailed moisture analyzer market segments, market trends and opportunities, and any further data you may need to thrive in the moisture analyzer industry. This moisture analyzer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 observed in the historical period can be attributed to factors such as quality control in manufacturing, emphasis on customization and versatility, adherence to stringent regulatory standards, assurance of pharmaceutical product integrity, environmental monitoring, and quality assurance in the 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 anticipated growth in the forecast period can be linked to factors such as the globalization of supply chains, a heightened focus on energy efficiency, increased emphasis on customization and application specificity, a dedicated focus on sustainable packaging, efficient waste management practices, the emergence of portable moisture analyzers, and a heightened focus on personal care products. Notable trends expected in the forecast period encompass the adoption of advanced sensor technologies, the incorporation of infrared moisture analyzers, integration with smart technologies, real-time monitoring and data logging capabilities, and the integration with laboratory information management systems.
The growth of the moisture analyzer market is expected to be driven by the increasing adoption of industrial and process automation. Industrial and process automation involves the application of intelligent technology to industrial processes, replacing manual and repetitive tasks with efficient automated workflows. Moisture analyzers play a crucial role in enhancing process automation by providing quick, precise, and intuitive measurements, thereby reducing the need for manual intervention. They incorporate the best strategies while avoiding their drawbacks, contributing to increased efficiency. According to the IFR international federation of robots' report, there were 3 million industrial robots operating globally in 2021, with new robot sales growing by 0. 5% even during the pandemic. Therefore, the rise in industrial and process automation is a key driver of the moisture analyzer market's growth.
The moisture analyzer market is expected to experience growth due to the rapid expansion of the food and beverage sector. This sector encompasses the manufacturing, processing, transportation, and sale of food and beverages for human consumption. Moisture analyzers are essential instruments in ensuring product quality, safety, and compliance with industry standards, enhancing the overall effectiveness of food manufacturing operations. According to the National Restaurant Association, food and beverage sales in the food service and restaurant sectors were projected to increase by 19. 7% to $789 billion in 2021. Thus, the significant growth of the food and beverage sector is a key factor propelling the moisture analyzer market.
A prominent trend in the moisture analyzer market is the emergence of strategic partnerships. Major companies in this market are actively seeking partnerships to meet consumer demand. For example, 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 in January 2021. This collaboration allows Vector CAG to sell SpectraSensors products in specific states, enhancing their market presence.
Companies operating in the moisture analyzer market are emphasizing innovation to better meet consumer needs. Innovative moisture analytical instruments utilize advanced technologies and methods to accurately measure the moisture content in various substances, contributing to improved quality control and process optimization in industries such as manufacturing, agriculture, and research. For instance, in March 2021, AMETEK MOCON, a US-based manufacturer of moisture analyzers, launched AQUATRAN 3/40, a laboratory equipment designed to determine the water vapor transmission rate of whole packages under precisely regulated conditions. This innovation is crucial for package penetration analysis in industries like food, beverage, and medical packaging.
In January 2022, KPM Analytics Inc., a US-based scientific instrumentation company, acquired Bruins Instruments strengthening Bruins Instruments' position in the moisture analyzer market.
Major companies operating in the in the moisture analyzer market report are PCE Instruments Ltd., Michell Instruments Inc., AMETEK Inc., SpectraSensors Inc., General Electric Company, A&D Company Limited, Kett Electric Laboratory, Mettler-Toledo International Inc., Sartorius AG, Shimadzu Corporation, Gow-Mac Instrument Co., Sinar Technology, Thermo Fisher Scientific Inc., U-Therm International (Hong Kong) Limited, Arizona Instrument LLC, CEM Corporation, Danaher Corporation, Mitsubishi Chemical Holdings Corp., KAM Controls Inc., Novasina AG, Systech Illinois, Vaisala Oyj, KERN & SOHN GmbH, Precisa Gravimetrics AG, KROHNE Messtechnik GmbH, Yokogawa Electric Corporation, Emerson Electric Co., Siemens AG, Honeywell International Inc., Schneider Electric SE, Fuji Electric Co. Ltd., AMETEK Process Instruments, Endress+Hauser AG
North America was the largest region in the moisture analyzer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the moisture analyzer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the moisture analyzer market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The moisture analyzer market consists of sales of heater unit, a weighing system, electrolytic moisture sensors, moisture meter and an operating unit. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.