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. The growth sectors of the Moisture Analyzer Market 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 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.
The European region accounts for another lucrative market for moisture analyzer, globally. The region is projected to grow at a substantial GAGR during 2017-2023. Rapidly resurging economy alongside the presence of some of the highly developed industries such as food & beverages and pharmaceuticals that focus on latest technology contributes to the growth of the regional market, significantly. Furthermore, the presence of some of the leading manufacturers in the region drives the moisture analyzer market in the regions.
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