The growing usage of different types of instruments both software and hardware in the production of process analyzer is expected to have a positive impact on the process analyzer market. In addition, continuous demand by the end users for maintenance, replacement services and regular support to confirm the operative performance of the analyzer equipment are the other important factor that are expected to generate the growth of process analyzers market.
Albany, NY -- (SBWIRE) -- 06/09/2017 -- The growth for process analyzers has scaled higher, due to their rising demand across diverse industries and recent technological advancements. The global process analyzer market is expected to offer lucrative business opportunities and is the focus of a new research report recently added to the gigantic online collection of Market Research Reports Search Engine (MRRSE). The title of this report is "Process Analyzer Market - Global Industry Analysis Size Share Growth Trends and Forecast 2016 – 2024". The report provides a detailed enquiry about the current market situation as well as future prospective of the global process analyzer market.
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The report predicts that the global process analyzer market will grow at a healthy CAGR of 9.1% between 2016 and 2024. Rising at this pace, the market is anticipated to reach a valuation of US$11.501 billion by the end of 2024, from US$5.29 billion in 2015. The report also provides assessment of various drivers that are influencing the market at the global and regional level, along with the restraints and opportunities in the market. All these factors help in the understanding of different trends that are impacting the overall market's growth. Furthermore, the report includes the porter's five forces and value chain analysis to provide in-depth insights about the market competitive scenario.
Apart from the above elements, the report segregates the global market on the basis of form factor into standard, portable and rack mount. Among these, the standard process analyzers is the leading segment, followed by rack mount process analyzers. The increasing demand for organic materials to check production expenses is likely to have a positive effect on the process analyzer market. Based on end-user industry, the global process analyzer market is segmented into oil and gas, chemical, pharmaceutical, food and beverage, power generation and transmission and mining. Among these segments, the oil and gas segment is the largest segment in the market, holding a market share of 54%. Geographically, the major regions analyzed in the report are North America, Asia Pacific, Europe, Latin America and the Middle East and Africa. Asia Pacific held a dominant share of 40.8% in the global market in 2015 and is anticipated to remain at the top throughout the forecast period.
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Some of the important companies operating in the global process analyzer market are Siemens AG (Germany), ABB Ltd. (Switzerland), Modcon Systems Ltd. (The U.K), Applied Analytics, Inc.(The U.S), Applied Instrument Technologies, Inc.( The U.S), Emerson Electric Co.(The U.S), Endress+Hauser Management AG (Switzerland), SICK AG ( Germany), AMETEK, Inc. (The U.S), INFICON, Inc.(Switzerland) and Yokogawa Electric Corporation (Japan) among others. Details such as company details (HQ, employee strength, and foundation year), market presence (by segment and by geography), strategic overview, SWOT analysis and strategic overview are provided as a part of company profiling in the report.
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