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Home ➤ Chemicals & Materials ➤ Advanced Materials ➤ Liquid Analytical Instrument Market
Liquid Analytical Instrument Market
Liquid Analytical Instrument Market
Published date: Jan 2024 • Formats:
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  • Home ➤ Chemicals & Materials ➤ Advanced Materials ➤ Liquid Analytical Instrument Market

Global Liquid Analytical Instruments Market By Instrument (pH/ORP Analyzers, Oxygen Analyzers, Conductivity and Resistivity Analyzers, Infrared Analyzers, Turbidity Analyzers, and Other Instruments), By Function(Quality Control and Assurance, Research and Development, Process Monitoring, Others), By Application (Liquid Chemistry Monitoring, Wastewater Management, Drug Discovery, Water Purification, and Other Applications), By End-Use (Pharmaceuticals, Chemicals, Food & Beverage, Energy, Oil & Gas, Healthcare & Biotechnology, and Other End-Uses), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

  • Published date: Jan 2024
  • Report ID: 15866
  • Number of Pages: 255
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
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  • Quick Navigation

    • Market Overview
    • Key Takeaways
    • By Function
    • Instrument Analysis
    • Application Analysis
    • End-Use Analysis
    • Key Market Segments
    • Regional Analysis
    • Key Players Analysis
    • Recent Developments
    • Report Scope

    Market Overview

    The Liquid Analytical Instrument Market size is expected to be worth around USD 834.4 Million by 2033, from USD 474.8 Million in 2023, growing at a CAGR of 5.6% during the forecast period from 2023 to 2033.

    The liquid analytical instrument market refers to the sector encompassing the production, distribution, and application of instruments specifically designed for analyzing and monitoring liquids. These instruments are crucial for assessing various characteristics of liquids, including chemical composition, concentration, pH levels, conductivity, turbidity, and other parameters.

    The market involves a wide array of analytical devices and equipment such as spectrophotometers, chromatographs, titrators, pH meters, conductivity meters, turbidity meters, and more. These instruments are used across industries like pharmaceuticals, environmental monitoring, water treatment, food and beverages, chemicals, and research laboratories to ensure quality control, compliance with regulations, process optimization, and research and development.

    The liquid analytical instrument market is driven by technological advancements, increasing demand for quality assurance, stringent regulatory requirements, and the need for precise and rapid analysis of liquid substances across various industries.

    Liquid Analytical Instrument Market

    *Actual Numbers Might Vary In The Final Report

    Key Takeaways

    • Market Growth Projection: The market is expected to witness significant growth, with a projected worth of around USD 834.4 million by 2033, marking a CAGR of 5.6% from the USD 474.8 million recorded in 2023.
    • Market Drivers: Technological Advancements: Advancements in technology are fueling market growth, facilitating precise and rapid analysis of liquid substances across various industries.
    • Function-wise Analysis: Quality Control and Assurance: Dominates the market (48.7% share in 2023), crucial for ensuring product quality across sectors.
    • Instrument Analysis: pH/ORP Analyzers: Holds the largest share (31.6% in 2023), playing a vital role in measuring acidity/alkalinity and oxidation-reduction potential of liquids.
    • Application Analysis: Drug Discovery: Holds a substantial share (25.6% in 2023), integral for precise analysis and testing of liquids in pharmaceutical development.
    • End-Use Industries: Food & Beverage: Accounts for 22.1% of the market share (2023), playing a vital role in maintaining product quality and safety.
    • Regional Insights: Europe: Held the highest revenue share (29.6% in 2023), while the Asia Pacific is anticipated to be the fastest-growing region due to expanding pharmaceutical industries and regulatory measures.

    By Function

    In 2023, Quality Control and Assurance held a dominant market position, capturing more than a 48.7% share. This segment represents the largest chunk in the liquid analytical instrument market, driven by the critical need to ensure product quality and adherence to industry standards across various sectors.

    Research and Development emerged as a significant segment, accounting for approximately 25.5% of the market share in 2023. Companies invest in these instruments to innovate and develop new products, relying on accurate liquid analysis for breakthroughs in pharmaceuticals, materials science, and other industries.

    Process Monitoring constituted a substantial portion, securing about 18.9% of the market share in 2023. Industries like water treatment, food processing, and chemical manufacturing heavily rely on real-time data from liquid analytical instruments to maintain operational efficiency and ensure consistency in processes.

    The “Others” category encompassed diverse applications, contributing to approximately 6.9% of the market share in 2023. This segment includes niche uses and specialized applications in sectors such as environmental monitoring, where liquid analysis instruments cater to unique requirements beyond the conventional segments.

    Instrument Analysis

    In 2023, the liquid analytical instrument market was greatly influenced by pH/ORP Analyzers, holding a dominant share of more than 31.6%. pH/ORP Analyzers play an invaluable role in measuring acidity or alkalinity (pH), and oxidation-reduction potential (ORP), of liquids.

    They provide crucial data for various industries – water treatment, chemical processing, pharmaceutical production, and food manufacturing are just a few examples – such as water purification. With their precise insights into liquid properties, they enable businesses to maintain optimal conditions during processes while meeting quality and regulatory standards.

    Due to its reliability and stability, infrared analysis is expected to be the fastest-growing segment. It can be used for many laboratory and process applications. These analyzers are used for online process monitoring. They operate in the mid-infrared and near-infrared spectrum regions.

    Liquid Analytical Instrument Market Share

    *Actual Numbers Might Vary In The Final Report

    Application Analysis

    In 2023, the liquid analytical instrument market was notably led by Drug Discovery, capturing over 25.6% of the market share. This sector held a prominent position among various applications utilizing liquid analytical instruments.

    The use of these instruments in drug discovery involves precise analysis and testing of liquids to understand chemical compositions and characteristics. Liquid analytical instruments play a central role in drug development processes, providing researchers with tools that help evaluate properties and behaviors essential to pharmaceutical formulations.

    As the liquid analytical instrument market grows, wastewater management will likely be the fastest-growing segment. This can be explained by a growing focus on environmental protection as well as the increasing need for the safety and optimization of water purification processes. The liquid analyzers can also provide aeration control for wastewater treatment plants.

    End-Use Analysis

    Food and Beverage industries were among the primary consumers of liquid analytical instruments in 2023, accounting for 22.1% of market share in this end-use industry segment. Such devices play an essential role in maintaining product quality, safety and compliance with stringent regulations.

    Liquid analytical instruments play a pivotal role in food and beverage manufacturing by providing accurate analyses of liquid components used during production. These devices enable precise pH monitoring, chemical composition evaluations, and shelf-life testing of beverages and foods products to ensure they adhere to standards for taste, safety and shelf-life compliance.

    For determining the metabolic rate of microorganisms and ensuring optimal yields in different fermentation processes, liquid analytical instruments are widely used in the biotechnology sector. Because of their reliability and high accuracy, these analyzers are popular in healthcare and biotechnology.

    Key Market Segments

    By Function

    • Quality Control and Assurance
    • Research and Development
    • Process Monitoring
    • Others

    By Instrument

    • pH/ORP Analyzers
    • Oxygen Analyzers
    • Conductivity & Resistivity Analyzers
    • Infrared Analyzers
    • Turbidity Analyzers
    • Other Instruments

    By Application

    • Liquid Chemistry Monitoring
    • Wastewater Management
    • Drug Discovery
    • Water Purification
    • Other Applications

    By End-use

    • Pharmaceuticals
    • Chemicals
    • Food & Beverage
    • Energy
    • Oil & Gas
    • Healthcare & Biotechnology
    • Other End-Uses

    Regional Analysis

    Europe held the highest revenue share at over 29.6% in 2023. The Asia Pacific is expected to be the fastest-growing regional market in the future, due to the expansion of the region’s pharmaceutical industry. Market growth is expected to be stimulated by the adoption of many regulations and mandates from the government that ensure food safety and quality.

    Liquid Analytical Instrument Market Regional Analysis

    *Actual Numbers Might Vary In The Final Report

    Key Regions and Countries

    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Russia
      • Spain
      • Rest of Europe
    • APAC
      • China
      • Japan
      • South Korea
      • India
      • Rest of Asia-Pacific
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • MEA
      • GCC
      • South Africa
      • Israel
      • Rest of MEA

    Key Players Analysis

    Major companies are increasingly focusing their efforts on inorganic growth strategies. Teledyne Technologies Inc. bought Falcon Analytical Systems and Technologies LLC, to expand its U.S. presence.

    The market’s key players invest in new product development, research, and development activities and focus on expanding their product portfolio to capture a significant market share. Established players also focus on reliable, cost-effective liquid analytic instruments.

    Маrkеt Кеу Рlауеrѕ

    • Analytical Systems Keco
    • Endress+Hauser Management AG
    • Emerson Electric Co.
    • Yokogawa Electric Corporation
    • ABB Inc
    • Schneider Electric SE
    • Honeywell Inc
    • Teledyne Technologies Incorporated
    • Mettler-Toledo International Inc.
    • Electro-Chemical Devices, Inc.
    • Hach Company (Danaher)
    • Danaher Corporation

    Recent Developments

    In November 2022, METTLER TOLEDO recently introduced their Easy Vis, an innovative device used for analyzing liquid samples for optical spectrum, color, and water parameters. This compact notebook-sized instrument boasts the remarkable capability of performing three distinct measuring tasks – acting as an ideal alternative to separate instruments such as spectrophotometer, colorimeter, or water testing methods like titration.

    Report Scope

    Report Features Description
    Market Value (2023) USD 474.8 Mn
    Forecast Revenue (2033) US$ 834.4 Mn
    CAGR (2023-2033) 5.6%
    Base Year for Estimation 2023
    Historic Period 2018-2023
    Forecast Period 2024-2033
    Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments
    Segments Covered By Instrument (pH/ORP Analyzers, Oxygen Analyzers, Conductivity and Resistivity Analyzers, Infrared Analyzers, Turbidity Analyzers, and Other Instruments), By Function(Quality Control and Assurance, Research and Development, Process Monitoring, Others), By Application (Liquid Chemistry Monitoring, Wastewater Management, Drug Discovery, Water Purification, and Other Applications), By End-Use (Pharmaceuticals, Chemicals, Food & Beverage, Energy, Oil & Gas, Healthcare & Biotechnology, and Other End-Uses)
    Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA
    Competitive Landscape Endress+Hauser Management AG, Emerson Electric Co., Yokogawa Electric Corporation, ABB Inc, Schneider Electric SE, Honeywell Inc, Teledyne Technologies Incorporated, Analytical Systems Keco, Mettler-Toledo International Inc., Electro-Chemical Devices, Inc., Hach Company (Danaher), Danaher Corporation
    Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements.
    Purchase Options We have three license to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF)

    Frequently Asked Questions (FAQ)

    What is the Size of Liquid Analytical Instrument Market?

    Liquid Analytical Instrument Market size is expected to be worth around USD 834.4 Million by 2033, from USD 474.8 Million in 2023,

    What is the CAGR for the Liquid Analytical Instrument Market?

    The Liquid Analytical Instrument Market expected to grow at a CAGR of 5.6% during 2023-2032.

    Who are the key players in the Liquid Analytical Instrument Market?

    Endress+Hauser Management AG, Emerson Electric Co., Yokogawa Electric Corporation, ABB Inc, Schneider Electric SE, Honeywell Inc, Teledyne Technologies Incorporated, Analytical Systems Keco, Mettler-Toledo International Inc., Electro-Chemical Devices, Inc., Hach Company (Danaher), Danaher Corporation

    Liquid Analytical Instrument Market
    Liquid Analytical Instrument Market
    Published date: Jan 2024
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    • Analytical Systems Keco
    • Endress+Hauser Management AG
    • Emerson Electric Co. Company Profile
    • Yokogawa Electric Corporation
    • ABB Inc
    • Schneider Electric SE. Company Profile
    • Honeywell Inc
    • Teledyne Technologies Incorporated
    • Mettler-Toledo International Inc.
    • Electro-Chemical Devices, Inc.
    • Hach Company (Danaher)
    • Danaher Corporation Company Profile
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