Market Trends of Liquid Analytical Instrument Industry
This section covers the major market trends shaping the Liquid Analytical Instrument Market according to our research experts:
pH & ORP Analyzer to hold the largest market Share
- With ORP being a measure of the electrical potential of a reaction and pH being a measure of acidity or alkalinity, these pH & ORP analyzers enable the user to improve predictive maintenance and reduce the time and costs associated with sensor maintenance and replacement, optimizing your OPEX for industries.
- The pH & ORP sensors are increasingly being used in the power, chemicals, water & wastewater, food & beverage, pharmaceuticals industries. In the power industry, the pH sensors are used to measure the pH of the ultrapure water that is used to drive the turbines. This increased adoption is expected to boost market growth over the forecast period.
- The anticipated increase in the number of nuclear power plants (due to the increasing demand for electricity and the ability to support the environmental concerns) is expected to boost the adoption of the pH & ORP analyzers over the forecast period. For instance, in September 2018, South Field Energy LLC chose global engineering and construction company, Bechtel, to build a USD 1.3 billion 1,182-megawatt combined-cycle energy plant in the Columbiana County, Ohio.
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North America is Expected to Hold the Largest Share
- The increasing pollutants being released into the rivers of the region has propelled the governments of the region to invest in the cleaning and the treatment of the water to make it habitable for the population to consume.
- For instance, in June 2019, Lake George a town in New York awarded bids for the new wastewater treatment plant, that would see Lake George replacing its old plant with a new USD 24 million-plus wastewater treatment plant as the old plant releases an excessive amount of nitrates, which can cause algal blooms that degrade the water quality of the lake.
- Some of the prominent players in the industry through strategic partnerships, research and development, and mergers & acquisitions have been able to further the technology which is expected to boost the adoption of the liquid analytical instruments over the forecast period.
- For instance, in April 2019, Emerson introduced two new sensors viz. Rosemount 550pH sensor and Rosemount 550DW dissolved oxygen sensor adaptor. The Rosemount 550pH sensor for immediate verification and standardization, eliminating the initial stabilization process, which can generally slow start-up by 30 minutes to two hours offers the unique capability of being stored wet.
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