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Moisture Analyzer Market Size, Share, Industry Developments, Business Opportunities, Growth Status, Expansions and Forecast 2027
Moisture Analyzer Market Research Report, by Type (Desktop, Handheld, Inline), Technique (Karl Fischer Titration, Microwave, Near-Infrared, Radio Frequency), Application (Plastic and Polymer, Constructions, Agriculture, Others) - Forecast till 2027
Pune, India - February 10, 2022 /MarketersMedia/ —
Moisture Analyzer Market Research Report- Forecast till 2027
Market Highlights
The market for humidity analyzers is estimated to rise from USD 1.15 billion in 2016 to USD 1.41 billion in 2022. It has also been noted that the CAGR rate will increase to 3.3% from 2017 to 2022.
A moisture analyzer is a device that tests the moisture equilibrium of a given product. It operates on the principles of infra-red weighing and heating units. This instrument measures the ‘loss of drying’ content in the product. The LOD is the moisture content that remains constant after the product is subjected to drying and removing the existing humidity through an infrared radiator.
The main objective of any supply system is the risk of not facing damage due to high moisture content in the products. Suppose the humidity of a product (i.e Food and beverage items that need extensive durations of transportations and longer shelf life) is greater than the outer atmosphere. In that case, it is bound to get spoiled quickly. Hence, determining the moisture content of the given products is important from a business point of view. To solve this problem, the use of a desiccator is applied in many large production plants. Thus increasing the demand of the moisture analyzer market.
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Segmentation:
The market is segmented into pharmaceuticals, agriculture, organic products, textile and food/beverage. Keeping edible items in premium condition, there is always a risk of microbial infestation that can ruin a healthy crop or organic eatable. Even while packaging medicinal commodities, keeping them from getting damp becomes imperative. Government policies regarding maximum permitted moisture levels for food must be maintained by manufacturing units. Therefore, these reasons have resulted in growth in the moisture analyzer market.
It has also been noted that the demand for in-line moisture analysis is rising in the large factories for quality production control. In addition, water treatment and biomass facilities are expected to grow in this segmented market.
Regional Analysis:
The moisture analyzer market spans across North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America was leading the moisture analyzer market in 2018. Asia-Pacific is expected to be the fastest-growing market from 2018 to 2024, whereas Europe is expected to hold the second spot in the moisture analyzer market in terms of market share during the assessment period.
The North American countries covered in the study are the US, Canada, and Mexico. North America is the major region in terms of market share in the moisture analyzer market. Advances in the industrial technology and expansion of the food & beverage industry in the region are some of the factors responsible for the growth of the moisture analyzer market. Moreover, the presence of industry giants such as AMETEK.Inc, General Electric, Mettler Toledo, and Thermo Fisher Scientific Inc. is one of the factors driving the growth of the moisture analyzer market in this region.
Europe held the second-largest share in the moisture analyzer market in 2018. For the purpose of this study, Europe has been segmented into four segments, namely the UK, Germany, France, and the rest of Europe. According to the MRFR analysis, Germany is one of the leading countries and at the forefront of innovation and technology, having the presence of major players in the field of semiconductors, power electronics, and information and communication technology (ICT). Furthermore, some of the other factors that fuel the market growth in the rest of Europe include increased inclination of the government towards the maintenance of food quality, the growing technology awareness among consumers, and rising adoption of next-generation technologies across the chemicals and manufacturing industries, which are supporting the domestic vendors of moisture analyzer market. Additionally, the expansion opportunities for the US-based market leaders in Western Europe are also considerably high, which further paves the way for the growth of the moisture analyzer market in the region, further paving the way for the growth of the moisture analyzer market.
Competitive Analysis
The key companies from around the world that have successfully integrated this technology into the mainstream market are Kett Electric Laboratory (Japan), Mitsubishi Chemical Holdings Corp (Japan), Gow-Mac Instrument Co (US), U-Therm International Ltd ( Hong Kong), Sartorius AG (Germany) and General Electric Co (US).
Industry News
The instant foods and beverages market has increased over the last year following the pandemic. Consumers who want to amass large portions of edible and daily consumable products have increased, hence producing more sustainable foods. Thus, the moisture analyzer technique is an indispensable part of the mammoth manufacturing unit to supply an endless demanding market.
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Moisture Analyzer Market Research Report, by Type (Desktop, Handheld, Inline), Technique (Karl Fischer Titration, Microwave, Near-Infrared, Radio Frequency), Application (Plastic and Polymer, Constructions, Agriculture, Others) - Forecast till 2027
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Source: MarketersMedia
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