The global process liquid analysers market is expected to reach US$2.39 billion by 2022, at a CAGR of 5.67% between 2016 and 2022, according to a new report, 'Process Liquid Analyzers Market - Global Forecast to 2022', from MarketsandMarkets. The major factors contributing to the growth of this market include the increasing shale gas production in the US and the rise in the demand for water treatment plants to provide safe and high quality drinking water.
The process liquid analysers market for the water and wastewater industry held the largest share of the global process liquid analysers market in 2015, and this trend is expected to continue during the forecast period. The growth in this market can be attributed to the growing demand for water and wastewater treatment plants worldwide. Also, increasing initiatives from the governments of China and India to improve drinking water facilities in respective countries will further contribute to growth in the process liquid analysers market.
The market for pH/ORP analysers is expected to grow at the highest rate between 2016 and 2022. The major factors contributing to the growth of this market include the growing adoption of these analysers in a variety of process industries such as water and wastewater, food and beverages, petrochemical, pharmaceuticals, and oil and gas, among others. The pH/ORP analysers help in identifying the concentration of hydrogen ions in aqueous solutions.
The global process liquid analysers market in the Americas held the largest share in 2015; however, the market in APAC is expected to exhibit the highest growth rate during the forecast period. The major factors contributing to the growth of this market include high investments by major players in various process industries. The markets in the Americas and Europe are already mature; hence, the well established players are focusing on APAC to market their products and services. With the increasing investments in the process industries, the demand for process liquid analysers is also increasing.
Adapted from press release by Rosalie Starling
Read the article online at: https://www.hydrocarbonengineering.com/refining/07042016/global-forecast-for-process-liquid-analysers-market-2967/