Inline Viscosity Sensors Market
Inline Viscosity Sensors Market (Type - Sphere, Cylinder, Rod; Application - Oil and Gas (Exploration and Refining), Biotech (Pharmaceuticals, Devices and Research), Automotive (Oil Analysis, Fuel Combustion and Condition Monitoring), Chemical (Paint and Coating Processing), Food and Beverages (Processing)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
- Electronics & Semiconductors
- 206 Pages
Global Inline Viscosity Sensors Market - Snapshot
Viscosity is an important parameter used for assessing the condition of lubricating and hydraulic oils. For the measurement of viscosity of a fluid, a viscometer is employed in order to gauge conditions of the fluid flow and liquids with viscosities that vary with flow conditions. The global inline viscosity sensors market is estimated to expand at a rapid pace during the forecast period. Chemical processing is a leading industry that has adopted the inline viscosity sensor technology. Moreover, across the globe, different types of food and beverage processing industries are continuously investing in the adoption of this technology in order to improve their manufacturing processes. This factor is expected to augment the global inline viscosity sensors market in the next few years. The global inline viscosity sensors market is projected to reach value of US$ 243.0 Mn by 2027 from US$ 153.6 Mn in 2018, registering a CAGR of 5.3% during the forecast period.
The global inline viscosity sensors market is witnessing significant growth, due to the rising demand from end-use industries such as oil & energy, pharmaceutical, and food & beverages. Incorporation of advanced features in viscosity measurement in the oil & energy industry is likely to drive the global inline viscosity sensors market during the forecast period. Additionally, in industrial automation, rotational viscometers are widely used. They are immersed in the fluid whose viscosity is to be measured. Along with this, in the food & beverages industry, viscosity measurement plays an important role in nearly all production stages. This is expected to propel the global inline viscosity sensors market in the next few years. Additionally, various countries across the globe are implementing strict rules and regulations to ensure that food and beverage production meets stringent requirements. Increase in the demand for processed food and beverages and rapid industrialization are expected to offer immense opportunities to the global inline viscosity sensors market during the forecast period. However, price-based competition and requirement for skilled professionals to operate and maintain inline viscosity meters during a manufacturing process are major factors expected to hinder the global inline viscosity sensors market during the forecast period.
The market in North America is expected to expand at a prominent CAGR during the forecast period. Increasing investments in oil & gas and food & beverages industries, presence of a large number of market players, and high awareness about advanced technologies in North America are fueling the market in the region. Demand for inline viscosity sensors is expected to be high in the U.S., owing to increasing usage of these sensors in hazardous applications and significant investments in exploration and refining activities in the country. Furthermore, the market in Asia Pacific is anticipated to expand at a significant CAGR from 2019 to 2027. Demand for inline viscosity sensors in Asia Pacific is expected to rise during the forecast period, owing to increasing demand in chemical and oil & gas industries in this region. Furthermore, developing economies, such as China and India, are expanding at a rapid pace and the penetration of inline viscosity sensors in Asia Pacific is rising. China held a significant share of the market in Asia Pacific in 2018. Increasing demand for inline viscosity measurement applications and decreasing costs in the long run are expected to prompt investors to invest in this new technology in the near future. Maintaining quality standards is essential for manufacturers of inline viscosity sensors to comply with stringent government regulations that have been set for different end-use industries in different countries across the world. Moreover, companies are engaging in various acquisitions and focusing on expanding their business and entering into strategic partnerships through new service additions and expansion of geographical presence.
Some of the major players operating in the global inline viscosity sensors market and profiled in the study are Ametek Brookfield, PAC L.P., VAF Instruments B.V., Parker Kittiwake, Martechnic GmbH, Cambridge Viscosity Inc.(PAC), A&D, AVENISENSE, Merimex Industries, Hydramotion, Emerson Electric, Sofraser, Rheology Solution, Anton Paar GmbH, Galvanic Applied Sciences, LEMIS Process, and A&D Company.
Inline Viscosity Sensors Market to Make Strides on Back of Industrial Automation
Inline viscosity sensors enable the measurement of viscosity of fluids in process industries. Key end-use industries spurring the demand for inline viscosity sensors are oil and gas, food and beverages processing, and marine industry. Advancements in sensors have allowed them end users to obtain real-time fluid viscosity measurements with high accuracy. Component manufacturers are keen on making them robust to meet the demanding application needs, such as in overcoming shocks, vibrations, and abrasives. A few players are attempting to strengthen their positions by offering integrated solutions than can measure not just viscosity but density and slew of other fluid characteristics. Numerous industries need to install inline viscosity sensors for ensuring quality control and meet all regulatory compliance. A case in point is application in emulsion manufacturing where the need for accurate viscosity monitoring and control are prominent. Energy industry is also at the forefront in generating sizable revenue streams in the market. Strides made in industrial automation are boosting the prospects in the inline viscosity sensors market.
The COVID-19 pandemic has put substantial pressure on the automation industry, and the production and supply chains of component manufacturers. A growing number of key players in the inline viscosity sensors market are leaning in adopting strategic frameworks that ensure least interruptions to the supply to the business buyers. Numerous viscosity sensor companies are taking all standard precautions to ensure wellbeing of their employees and are extending all support such as customer support to their clients and partners. The pandemic-led restrictions also caused heavy bottlenecks on the microeconomics, causing massive slump in production in 2020. Nevertheless, in recent months, with the support of government policies and new partnerships, the demand in the market is getting less vulnerable to disruptions. Some top players are focusing their product development activities on offering turnkey and integrated solutions to businesses in end-use industries.
Global Inline Viscosity Sensors Market: Overview
This comprehensive report by Transparency Market Research analyzes and forecasts the inline viscosity sensors market at the global and regional levels. The report provides analysis for the period from 2017 to 2027, wherein 2019–2027 is the forecast period and 2018 is the base year. An in-depth and unbiased market assessment has been made to provide readers with comprehensive and accurate analysis. The report highlights all major trends anticipated to be witnessed in the global inline viscosity sensors market from 2019 to 2027. It also focuses on market drivers, restraining factors, and opportunities for the global inline viscosity sensors market during the forecast period. The study provides a complete perspective about growth of the inline viscosity sensors market, in terms of value (in US$ Mn) and volume (thousand units), across various regions including North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
The report includes detailed value chain analysis that is focused on providing an extensive view of the global inline viscosity sensors market. Porter’s five forces analysis has also been provided to help understand the competition scenario of the global market. The study incorporates market attractiveness analysis, wherein type and application segments have been benchmarked based on their market size, growth rate, and attractiveness. In order to offer complete analysis of the overall competition scenario of the global inline viscosity sensors market, every region mentioned in the report is provided with attractiveness analysis.
The market overview chapter of the report explains market trends and dynamics which include market drivers, restraining factors, and the current and future opportunities for the global inline viscosity sensors market. Market outlook analysis has also been provided in the report. Additionally, the report provides analysis of different business strategies adopted by leading players operating in the global inline viscosity sensors market. Market introduction chapter assists in getting an idea of different trends in the global inline viscosity sensors market along with type and application segments of the market.
Global Inline Viscosity Sensors Market: Scope of Report
The study provides a decisive view of the global inline viscosity sensors market, by segmenting the market based on type and application. In terms of type, the market has been divided into sphere, cylinder, and rod. Based on application, the market has been classified into oil & gas, biotech, automotive, chemical, and food & beverages. The report provides detailed, region-wise segmentation of the global inline viscosity sensors market and categorizes it at various levels, thereby providing valuable insights at micro and macro levels.
The report highlights the competition scenario in the global inline viscosity sensors market, by ranking all major players according to their geographical presence and key recent developments. Insights for the inline viscosity sensors market is a result of TMR’s extensive primary interviews, secondary research, and in-house expert panel reviews. Market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.
Based on country/sub-region, the North America market has been segmented into the U.S., Canada, and Rest of North America. The Europe market has been categorized into France, Germany, the U.K., and Rest of Europe. At the country level, the APAC market has been segmented into China, Japan, India, South Korea, and Rest of Asia Pacific. Middle East & Africa comprises GCC, South Africa, and Rest of Middle East & Africa. Similarly, South America includes Brazil and Rest of South America. This report provides all strategic information required to understand the global inline viscosity sensors market along with type and application segments of the market. The report provides insights into type and application segments according to various regions mentioned above.
Global Inline Viscosity Sensors Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary sources such as annual reports, company websites, SEC filings, investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and market white papers are usually referred.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews of the inline viscosity sensors market across geographies. Primary interviews are usually conducted on an ongoing basis with market experts and participants in order to obtain the latest market insights and validate the existing data and analysis. Primary interviews offer new information on important factors such as market trends, market size, competition landscape, and growth trends. These factors help validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by TMR’s expert panel.
Global Inline Viscosity Sensors Market: Competition Dynamics
The research study includes profiles of leading companies operating in the global inline viscosity sensors market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Parameters such as investments in and spending on inline viscosity sensors and developments by major players are tracked. Some of the key players operating in the global inline viscosity sensors market are Ametek Brookfield, PAC L.P., VAF Instruments B.V., Parker Kittiwake, Martechnic GmbH, Cambridge Viscosity Inc. (PAC), A&D, AVENISENSE, Merimex Industries, Hydramotion, Emerson Electric, Sofraser, Rheology Solution, Anton Paar GmbH, Galvanic Applied Sciences, LEMIS Process, and A&D Company.
The global inline viscosity sensors market has been segmented as follows: