According to a new report Global Moisture Analyzer Market, published by KBV research, 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.
The Petroleum & Chemical market shows high growth rate of 4.5% during (2021 - 2027). From the extraction of oil to its transportation, storage, and distillation, moisture and water content play a significant part in the oil industry. On-line moisture analyzers for crude oil, fuels, and liquid petroleum products can tell if water is evenly distributed in the fluid or if there are distinct water and organic phases.
The Handheld market is expected to witness a CAGR of 4% during (2021 - 2027). These kinds of moisture analyzers are compact, simple to use and portable. Owing to these features, users can easily carry them to the fields and assess their sample, which would escalate the growth of the segment during the forecast period.
The North America market dominated the Global Moisture Analyzer Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $779.9 million by 2027, growing at a CAGR of 3.3 % during the forecast period. The Europe market is expected to witness a CAGR of 3.4% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 3.7% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/moisture-analyzer-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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