Radiant InsightsThe report covers the present scenario and the growth prospects of the industrial moisture analyzers market. To calculate the market size, the report considers the revenue generated from industrial moisture analyzers.
The global industrial moisture analyzers market is anticipated to grow at steady CAGR over the forecast period (2018 to 2022), according to a report available on Radiant Insights, Inc. Growing need for maintenance of appropriate moisture level during operational processes can influence demand for industrial moisture analyzers. Such analyzers are expected to be based on sensors, which can measure humidity and temperature. Moisture and water are expected to play essential role in influencing processing and quality of materials in manufacturing companies. Thereby, it gets essential to measure moisture content in a product to maintain its quality.
Increasing use of automation in industrial operations can propel demand for moisture analyzers. This, in turn, can augment growth of market in the forthcoming years. Continual technological advancements offering reliable heat-base moisture analysis can stimulate market growth. Growing awareness regarding protection and maintenance of industrial devices to increase efficiency can drive market expansion during the forecast period (2018 to 2022).
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However, inaccurate analysis of moisture content during mismanagement of temperature can hamper growth of market.
To cater to rising demand for industrial moisture analyzers, most companies are likely to invest in R&D activities to offer better products. For instance, PCE instruments recently launched new inline moisture analyzer named PCE-A-315. The device can offer accurate moisture readings from grain without damaging it. In-process moisture sensor can provide measurement range of 5% to 40% for moisture content. In addition, it can reduce labor costs by automating the moisture measurement process and hence lower energy costs. It can be used to monitor moisture in soybeans, rice, coffee, oil seeds, and sunflower.
The industrial moisture analyzers market can be segregated on the basis of type, end-user, and region. Based on type, the market can be categorized on the basis of handheld, desktop-mounted, in-line, and online. In-line segment is projected to grow fast over the forecast period. Increasing adoption of automation in manufacturing processes in various sectors can boost demand for moisture analysis. This, in turn, can augment growth of segment during the forecast period. The in-line moisture analyzers can be attached to production belts for continuous measurement of moisture content level. Such activities can allow manufacturers to make necessary changes in production processes to maintain product quality.
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Desktop mounted segment is predicted to grow well during the forecast period attributed to rising demand in industries using large drying ovens to perform moisture analysis.
Based on end-user, the industrial moisture analyzers market can be classified into food and beverages, chemicals, and petrochemicals, water and wastewater treatment, plastic and polymer, and others. Food and beverages sector is expected to account for largest market share during the forecast period. Stringent government regulations towards maintenance of edible products by monitoring moisture content can augment growth of segment over the forecast period.
Regional segmentation of the industrial moisture analyzers market includes Americas, Asia Pacific (APAC), and Europe, Middle East and Africa (EMEA). Americas is predicted to account for largest market share attributed to presence of various moisture analyzer manufacturers in North America. In addition, rising consumption of moisture analyzers by pharmaceuticals and food and beverages can augment regional growth.
Similarly, Asia Pacific and Europe are estimated to witness significant market growth owing to existence of several food and beverages and pharmaceutical companies using moisture analyzers. In addition, emerging countries like China, Thailand, India, Veitnam can create significant opportunities for growth of market over the forecast period.
Some of the leading companies operating in the industrial moisture analyzers market are AMETEK, General Electric, Mettler Toledo, Michell Instruments, and PCE Instruments.
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Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.
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