The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Moisture Analyzer Market Size. The growth sectors of the Moisture Analyzer Market Size are identified with precision for a better growth perspective.
Moisture analyzer, also known as moisture meter, is a device that can trace amounts of moisture content in any medium (solid, liquid, gas). A moisture meter is an irreplaceable device in most of the burgeoning industries such as plastic & polymer, constructions, agriculture, food & beverage, fabrics & textiles, and pharmaceuticals, among others. Resultantly, the moisture analyzer market garners significant traction on the global platform witnessing a substantial demand.
Acknowledging the quadrupling traction, the market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the global moisture analyzer market is poised to reach the valuation of USD 1.5 BN by 2023, registering a CAGR of 3.53% throughout the forecast period (2017-2023). In 2017, the market had evaluated at USD 1.2 BN.
Additional factors that are substantiating the growth of the market include growing process automation in developing countries, rise in demand for in-line moisture analyzers, and technological advancements in heat-based moisture analyzing.
The stringent government regulations regarding food quality and the pressing need to maintain the specific moisture content in the packaged edible product is a key driving force behind the growth of the market.
Global Moisture Analyzer Market –Segments
For better understanding of the report, the market is segmented into four key dynamics: -
By Type : Desktop, Handheld, and Inline among others.
By Technique : Karl Fischer Titration, Loss-on-Drying, Capacitance, Microwave, Drying Oven, Near-Infrared, and Radio Frequency.
By Application : Plastic & Polymer, Constructions, Agriculture, Food & Beverage, Fabrics & textiles, and Pharmaceuticals among others.
By Regions : North America, Europe, Asia Pacific, and Rest-of-the-World.
Global Moisture Analyzer Market – Regional Analysis
The North American region heading with the increased funding for R&D activities, dominates the global Moisture Analyzer market. Significant contributions and supported research funding from public and private sectors for the development of technology and in the commercialization of moisture analyzer and associated instruments are fostering the growth of the regional market.
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Moisture Analyzer Market SizeThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Moisture Analyzer Market Size.
The growth sectors of the Moisture Analyzer Market Size are identified with precision for a better growth perspective.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.Key playersThe 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 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.Regional AnalysisThe 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.
Moisture Analyzer MarketMarket Research Future (MRFR) reveals that the global moisture analyzer market can achieve a growth rate of 3.9% during the forecast period (2018–2024).Growth Boosters and Top RestraintsAcross a variety of industries, moisture analyzer is considered to be an essential instrument in warehouses, quality control departments, research and development (R) labs and all those applications where moisture content is essential when developing or meeting the given manufacturing criteria.
These criteria are specified by industry trade associations and regulatory bodies.
Moisture analyzer is based on humidity measurement and sensors measuring temperature.Moisture analyzers come in different types, based on their application, which could be process, industrial, materials, etc.
Moisture analyzers are used for measuring the climate, during the process of storing or operating of additives, raw materials, semi-finished or finished products among others.The rising adoption of automation in the manufacturing process in numerous industry verticals has elevated demand for moisture analyzers at a global level.
Stringent government guidelines which aim to maintain the high standards of edible products by retaining the needed moisture content in the product can also work in favor of the moisture analyzer market, in the food industry.Market SegmentationThe worldwide moisture analyzer market can be segmented into type, application, and technique.With respect to type, the market can be considered for desktop, handheld, and inline.
The handheld segment was identified as the second-largest market in 2018, while the inline segment can record the highest CAGR during the given timeframe.As per the application, the market includes plastics and polymer, construction, agriculture, food and beverage, fabrics and textiles, pharmaceuticals, and others.Types of techniques are Karl Fischer Titration, Loss-On-Dying, Capacitance, Microwave, Near-Infrared, Radio Frequency, and others.Regional OutlookThe moisture analyzer market is concentrated in the primary regions of South America, North America, the Middle East & Africa (MEA), Asia Pacific (APAC) and Europe.North America is poised to be the top market for moisture analyzer and could retain its prime spot even during the review period.
