-- Market Highlights
Moisture analyzer market is expected to grow from USD 1.2 billion in 2017 to USD 1.5 billion by 2023, at a compound annual growth rate (CAGR) of 3.53% during the forecast period. The rapid increase in process automation and technological advancements resulting in more reliable heat-based moisture analyser drive the demand for moisture analyzer market.
On the basis of application, the market is segmented plastic and polymer, constructions, agriculture, food and beverage, fabrics and textiles, pharmaceuticals, and others. Food and beverages followed by pharmaceuticals is expected to dominate the market during the forecast period. The stringent government regulation regarding food quality and the pressing need to maintain specific moisture content in packaged edible product drive the demand for moisture meters by foods and beverage industry.
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Key players
The prominent players in the moisture analyser market are Ametek, Inc. (US), Kett Electric Laboratory (US), Michell Instruments Inc. (UK), General Electric Co. (US), PCE Instruments (Germany), Mettler-Toledo International, Inc. (US), Spectrasensors, Inc. (US), Sartorius AG (Germany), Metrohm AG(Germany), Arizona Instrument LLC (US), Shimadzu Corp. (Japan), A&D Co., Ltd. (Japan), Thermo Fisher Scientific, Inc. (US), Adam Equipment Inc. (US), Brookhuis Applied Technologies (Netherlands), Cem Corp. (US), Gow-Mac Instrument Co. (US), Systech Illinois Instruments, Inc. (US), Sinar Technologiy (England), Kam Controls, Inc. (US), Kern & Sohn GmbH (Germany), and U-Therm International (H. K.) Ltd. (China). These players have adopted product launch, product enhancement, and geographic expansion as their key organic growth strategy to increase increase their presence across the globe.
Segmentation
Moisture Analyzer Market is segmented based on type, technique, application, and region.
By type, the market is segregated into desktop, handheld, and inline
The technique segment includes karl fischer titration, loss-on-drying, capacitance, microwave, drying oven, near-infrared, and radio frequency
On the basis of application, the market is segmented plastic and polymer, constructions, agriculture, food and beverage, fabrics and textiles, pharmaceuticals, and others.
By region, the market is segmented into North America, Europe, Asia-Pacific and the Rest of the World.
Regional Analysis
The global market for moisture analyser market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of moisture analyser market is done for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate the moisture analysers market from 2018 to 2023 as the region has a sustainable and well-established economy and it has a highly developed food and beverages, and pharmaceuticals industry that focus on latest technology. Furthermore, the presence of the leading manufacturers in the region further drive the moisture analyzer market in these regions.
Asia-Pacific is estimated to reister the highest CAGR during the forecast period. The growth in the region is attributable to factors including ongoing industrial development, rapid pace of process automation, growing environmental concerns, and rise in number of government programs to promote green initiatives in the developing countries such as India and China.
Competitive Analysis
The moisture analyzers market has witnessed the rising demand inline moisture meter owing to the rapid adoption of process automation across industry verticals. Key players to further strenghten their market position have opted for partnerships and new product launches as their key organic growth strategy. For instance, in 2019, FITNIR Analyzers Inc. in partnership with FPInnovations launched an chip moisture analyzer FITNIR MC. This moisture meter delivers faster online moisture content measurements.
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Intended Audience
• Raw material and manufacturing equipment suppliers
• Electronic design automation (EDA) and design tool vendors
• Original equipment manufacturers (OEMs)
• Integrated device manufacturers (IDMs)
• Original design manufacturers (ODMs)
• ODM and OEM technology solution providers
• Assembly, testing, and packaging vendors
• Technology, service, and solution providers
• Intellectual property (IP) core and licensing providers
• Suppliers and distributors
• Government and other regulatory bodies
• Technology investors
• Research institutes and organizations
• Market research and consulting firms
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Release ID: 501010
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