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.
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.
Moisture Analyzer Market is predictable to grow at a 3.9% CAGR during the review period, Global…
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