Market Size of Liquid Analytical Instrument Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Liquid Analytical Instrument Market Analysis
The liquid analytical instrument market is expected to grow at a CAGR of 6% during the forecast period (2021 - 2026). Most of the industries that engage in manufacturing and processing of liquids, ranging from water to complex chemicals, use pH, ORP sensors among others for quality monitoring and automation of several industrial processes.
- In order to check the solubility and biological availability of the chemical constituents of water, the organizations and the related bodies have started the adoption of pH sensors and analyzers. This is expected to boost market growth over the forecast period.
- The increasing adoption of the liquid analytical instruments in the treatment of the wastewater led out by various industries such as Pulp and paper, water and wastewater plants among others, that consume large volumes of water. The wastewater treatment from these plants is a serious environmental concern.
- Infrastructural development across these industries is expected to boost market growth throughout the forecast period. for instance, the Delhi Jal Board (DJB), India, approved setting up of a new sewage treatment plant (STP) at Okhla that would be able to treat 124 million gallons of wastewater per day and will come up at a cost of Rs 1,161 crores.
- Stringent environmental and government regulations are propelling the various end-user industries to deploy the liquid analytical instruments to avoid the wastage and to promote the re-use of water. Therefore the usage of liquid analytical instruments is likely to grow.
- For instance, the Drinking-Water Contaminants-Standards and Regulations laid down by the U.S. Environmental Protection Agency (EPA) regarding public drinking water and quality of water in end-use industries is one such case.
