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NIR Moisture Meters and Components Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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The determination of moisture is a critical factor in manufacturing to maintain product quality. Moisture analysis is applicable across multiple industries where moisture content is highly controlled. Near-infrared (NIR) spectroscopy is used to identify water content in a wide range of materials. NIR moisture meter is a moisture control and measurement system designed for continuous monitoring of products and uses near infrared reflectance (NIR) technology. This information is used to determine whether the product is ready for use or is in need of further inspection.

Near-infrared (NIR) analysis offers numerous benefits over conventional analysis methods. Additionally, the benefit of accurate results in short period of time has encouraged utilization of NIR moisture meters in manufacturing companies. This technique measures qualitative and quantitative moisture content, thus reducing over-processing of products and enhancing production. However, increased usage of spectrometry in the drug safety process is expected to fuel the growth of NIR moisture meters and component market during the coming years. The focus of manufacturing companies on decreasing operating expenditure through better process control is additionally driving the market growth. The lack of skilled labor is a key challenge for the players operating in this market.

NIR moistures meters and components market can leverage the opportunities generated by the emerging markets such as China and India during coming years. The advancements in the moisture analysis technology has led to development of portable moisture meters, and on-line moisture meters. Such developments are anticipated to support the growth of NIR moisture meters and components market during coming years. North America holds a major share of the market due to the presence of key players operating in this region. However, Asia Pacific is likely to be the fastest growing regional market due to increased adoption of process spectroscopy. This can further be attributed to the rise in number of manufacturing plants across this region.

The NIR moistures meters and component market is segmented by solution, by end-use and by moisture meters type. There numerous NIR moisture meter solutions including food moisture meters, textile moisture meters, coal moisture meters, tobacco moisture meters, paper moisture meters, concrete moisture meters, digital moisture meters, wood moisture meters, drywall moisture meters, lumber moisture meters, gypsum moisture meters, and others. The components considered in this study are NIR dry filter, NIR led screen, NIR moisture sensor, dust shields, vortex cooler, NIR opto-port and others. Furthermore, the NIR moistures meters find application in multiple end-use segments such as agriculture and food processing, pharmaceuticals and chemicals, paints and coatings, tobacco, plastics and composites, textiles, lumber and wood products, minerals, renewable energy, paper and pulp, and others.

ABB Ltd., Agilent Technologies, Inc., Bruker Corporation, Buchi Labortechnik AG, Danaher Corporation, Foss A/S, Horiba Limited, Kett Electric Laboratory, Sartorius AG, Shimadzu Corporation, Thermo Fisher Scientific, Inc., Yokogawa Electric Corporation, NDC Technologies, Process Sensors Corp., SensorTech Systems, Inc., and MoistTech Corp. With growing demand for NIR spectroscopy due to its improved compatibility with product manufacturing, new players are anticipated to emerge offering enhanced products in the coming years.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape. 

The study is a source of reliable data on:

  • Key market segments and sub-segments
  • Evolving market trends and dynamics
  • Changing supply and demand scenarios
  • Quantifying market opportunities through market sizing and market forecasting
  • Tracking current trends/opportunities/challenges
  • Competitive insights
  • Opportunity mapping in terms of technological breakthroughs 

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa) 

TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market. 

TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place.  All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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