Market 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 Restraints
Across a variety of industries, moisture analyzer is considered to be an essential instrument in warehouses, quality control departments, research and development (R&D) 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. and also as per their resolution of measurement. It comprises two major components, a heater, and a balance. It also incorporates heating technology which helps measure the moisture. 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. In addition, technological advancements also bode well with market growth. 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 &beverages industry.
The 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. Among these, the desktop segment covers the most substantial share of the market. 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.
The 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. The most profitable markets for moisture analyzer in the region are the United States (US), Mexico, and Canada. Among these, the US controls the major share of the market, trailed by Canada and Mexico. Innovations in industrial technology along with growth of the food & beverage industry has stimulated market growth in the region. Additionally, presence of esteemed companies such as General Electric, AMETEK Inc, Thermo Fisher Scientific Inc. and Mettler Toledo has been recognized as a prominent factor backing the said growth.
Europe is the second leading market for moisture analyzer, thanks to the fast-paced development of the chemical and pharmaceutical industries. High industrialization in the region favors the market growth, as it meets with the requirement of high-quality production facilities.
From 2018 to 2024, APAC is expected to grow at the fastest rate in the global moisture analyzer market. Extensive market growth in the region is in response to the growing environmental concerns, rapid pace of process automation, and the rising number of government programs that promote green initiatives. These government initiatives are most active in developing nations like India and China.
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