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According to ARC research on the Process Analyzers market, demand for remote solutions has risen exponentially during the COVID-19 crisis. Growing demand for smaller and customized batches is supporting the growth of the online process analyzer market. Especially in the established markets in Europe and North America, the demand for customized products with short lead times is growing. Emerging markets like China and India also show a rising demand for the technology, as their offerings move from basic products towards specialized offerings.
In addition to providing a five-year market forecast, the Process Analyzers market research provides detailed quantitative current market data and addresses key strategic issues as follows.
Depending on the requirements of the user’s process, various options may be available, e.g. electro-chemical analyzers are well-established and new devices can often be integrated into existing installations. Yet, it pays to look out for other, future-proof technologies, which may offer completely new opportunities. On the other hand, there is no need to go over-board with the newest rage. In both cases it pays to build and maintain good relations with knowledgeable suppliers and independent experts to stay up-to-date and enable informed choices.
Operators in the process industries are subject to numerous regulations protecting consumer health or the environment. These are already implemented in most regions, but new or more stringent ones have to be expected. In some developing countries, comparable regulations are being implemented or to be expected in the short term. Online analyzers provide monitoring and traceability to support operators in complying with regulations.
End user organizations continue to face a shortfall of qualified personnel. In many cases, they have brought this situation upon themselves through multiple rounds of layoffs, early retirements, and continued efforts to reduce the size of their engineering, operations, and maintenance staff. Unfortunately, the pool of qualified personnel continues to shrink, as fewer college students (particularly in the US) perceive engineering, especially process automation, process engineering, chemical engineering, or similar technical fields as attractive career paths. It can take a company two years to train a new college graduate effectively in the field of automation, and once trained, it may have difficulty retaining the individual. This “brain drain” leads to some complex problems in the process industries, including the inability to find qualified personnel to restart a plant after a maintenance turnaround.
The lack of skills in the existing workforce and the expected lack of skilled workers in the near future force users to automate and simplify the operation of their processes while maintaining production quality and quantity. In batch production (e.g. in pharma, food, beverage, and specialty chemicals), online analyzers support fast changeovers with minimal loss of time and resources.
This market research may be purchased as a MIRA Service, an Excel Workbook, and/or as a Market Analysis Report (PDF). MIRA Services help unlock the full benefits of ARC’s market intelligence, making the data more actionable for you by adding qualitative context to our market data in an online environment unique to each customer. Regional editions include country and industry market data. Formats available are listed below:
MIRA Services | MIRA Workbook | Market Analysis PDF | |
Annual Subscription | Yes | No | No |
Worldwide (includes regional data) | Yes | Yes | Yes |
North America (includes regional data) | Yes | Yes | No |
Europe, Middle East, Africa (includes regional data) | Yes | Yes | No |
Asia (includes regional data) | Yes | Yes | No |
Latin America (includes regional data) | Yes | Yes | No |
Table of contents for each edition is shown below.
The research identifies all relevant suppliers serving this market.
List of countries & currencies included in each region: MIRA-Country
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