The Global Moisture Analyzer Market size is expected to reach $1.9 billion by 2027, rising at a market growth of 3.6% CAGR during the forecast period.
A moisture analyzer is a device or an instrument used to determine the moisture content of a product. It plays an important role in different sectors. It's also known as a moisture balance or a moisture metre, and it uses the loss on drying (LOD) method to perform moisture analysis. Moisture analyzers are programmable benchtop laboratory instruments that are used to determine the moisture content of samples and products that are being created or processed. Many industries, including foods and beverages, pharmaceuticals, and metals and mining, have adopted and utilised it.
High levels of moisture, for example, diminish the value of products and shorten their shelf life due to the increased possibility for microbial activity. For the best quality, most products will have an ideal moisture content, and various laws and regulations have been put in place to ascertain the correct moisture level for specific regulated products.
National food regulations, for example, specify the maximum moisture content that specific foods are allowed to have. Moisture analysis is therefore critical for ensuring compliance with such requirements and the manufacturing of a high-quality product. Moisture analyzers are widely used for stack emission monitoring and various metal processing methods.
There are many manufacturers who use this equipment for drying their products and preserve them for future purpose. Plastics, medicines, and heat treatment procedures all require the regulation of trace moisture in solids. Dry air, hydrocarbon processing, pure semiconductor gases, bulk pure gases, dielectric gases used in transformers and power plants, and natural gas pipeline transmission are all examples of gas or liquid measuring applications. Because traditional and manual laboratory moisture testing procedures are slow, automated moisture analyzers have been created, which can cut the time required for a test from hours to just a few minutes.
COVID-19's continued expansion has become one of the world's most serious economic risks, bringing widespread anxiety and economic suffering for consumers, businesses, and communities around the world. The "new normal," which includes social isolation and working from home, has produced difficulties with daily activities, routine work, needs, and supplies, resulting in missed chances and delayed projects.
The global impact of the COVID-19 pandemic has been felt by society and the economy. This outbreak's influence on the supply chain has been growing day by day. This has caused stock market volatility, as well as a drop in corporate confidence, a slower supply chain, and an increase in customer worry. The closure of manufacturing operations in Europe's lockdown countries has resulted in a significant loss of revenue and business. The outbreak of COVID-19 has had a significant influence on production and industrial operations, resulting in a drop in market growth in 2020.
Moisture content affects product quality, taste, texture, and shelf life in the food and beverage products. Excess water in a food product can speed up microbiological growth, causing it to deteriorate and shorten its shelf life. Furthermore, excessive moisture in food induces condensation in food processing gear. As a result, moisture content analysis is critical for food manufacturers in order to maintain the original form, texture and taste of the product.
The constantly increasing pace of industrialization across different nations of the world is contributing to the demand for various industrial devices and products. Many underdeveloped and developing countries are framing supportive policies to encourage manufacturers to enter their country and provide more employment to the people along with contributing to the GDP of the country as well. Due to this, the number of industries and manufacturing units is heavily increasing across the world.
Moisture analyzer is a machinery that has different functions and highly technical features to understand and operate. Reading for these analyzers need to tracked in order to ensure proper evaluation of moisture in a given product. So, it is highly important for the companies to hire skilled workforce who can operate such machines and equipment for the improvement of business operations. However, the dearth of skilled and technically advanced workforce would restrict manufacturers to opt for advanced equipment like moisture analyzers.
On the basis of end user, the moisture analyzer market is divided into Petroleum and Chemical; Pharmaceuticals; Food and Beverage; Wood, Paper and Pulp; Semiconductor and Others. In 2020, the food and beverage segment procured the maximum revenue share in the moisture analyzer market. The amount of moisture in food can have a big impact on things like taste, texture, appearance, form, and weight. By using moisture analyzer, food companies can fulfill their legal and labelling requirements, along with determining food product shelf life and quality.
Based on type, the moisture analyzer market is fragmented into Desktop-Mounted, Handheld and In-Line. The desktop-mounted segment dominated the moisture analyzer market with the largest revenue share in 2020. For moisture testing and analysis of samples of materials such as wood, pellets, biomass, granules, feed, food products, creams, and pastes, desktop mounted moisture analyzers are widely used and adopted by the companies. This would further accelerate the growth of the segment.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 1.5 Billion |
| Market size forecast in 2027 | USD 1.9 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 3.6% from 2021 to 2027 |
| Number of Pages | 183 |
| Number of Tables | 294 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Type, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the moisture analyzer market is analyzed across North America, Europe, Asia Pacific and LAMEA. North America emerged as the leading region in the moisture analyzer market with the maximum revenue share in 2020. It is owing to the growing advancements in technology and increase in the awareness about the importance of industrial equipment protection and maintenance. In addition, the presence of various key market players in this region would spur the growth of the regional market.
Free Valuable Insights: Global Moisture Analyzer Market size to reach USD 1.9 Billion by 2027
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Thermo Fisher Scientific, Inc. and General Electric (GE) Co. are the forerunners in the Moisture Analyzer Market. Companies such as PCE Instruments, Michell Instruments Ltd. and Ametek, Inc. are some of the key innovators in the Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PCE Instruments, Michell Instruments Ltd., Ametek, Inc., Thermo Fisher Scientific, Inc., Sartorius AG, Mitsubishi Chemical Holdings Corporation, Shimadzu Corporation, General Electric (GE) Co., Mettler-Toledo International, Inc. , and A&D Company, Limited.
By End User
By Type
By Geography
The moisture analyzer market size is projected to reach USD 1.9 billion by 2027.
Increasing demand from food & beverage products are driving the market in coming years, however, dearth of skilled workforce limited the growth of the market.
PCE Instruments, Michell Instruments Ltd., Ametek, Inc., Thermo Fisher Scientific, Inc., Sartorius AG, Mitsubishi Chemical Holdings Corporation, Shimadzu Corporation, General Electric (GE) Co., Mettler-Toledo International, Inc. , and A&D Company, Limited.
The Petroleum & Chemical market shows high growth rate of 4.5% during (2021 - 2027).
The North America market dominated the Global Moisture Analyzer Market by Region 2020, and would continue to be a dominant market till 2027.
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