Liquid analytical instruments are devices that are used for chemical analysis of various samples. The liquid analytical instruments market has witnessed a remarkable growth due to the development of better performing reagents and devices. Moreover, with the emergence of advance technologies such as stream selection technology and high frequency liquid analyzers it is expected that the liquid analytical instruments market will experience a significant growth in the near future.
The major types of liquid analytical instruments are as follows:
- pH/ORP Analyzers
- Turbidity Analyzers
- Dissolved Oxygen Analyzers
- Ammonium Analyzer
- Chlorine Analyzers
- Near Infrared Analyzers
Some of the applications of liquid analytical instruments are as follows:
- Hygienic and biotechnology process
- Chemical processes
- Wastewater management
- Water purification applications
- Drug discovery applications
Some of the end-users of the liquid analytical instruments are as follows:
- Pharmaceutical companies
- Biotechnology industry
- Academic research
- Food and beverage industries
In terms of geography, North America followed by Europe account for the largest market share of liquid analytical instruments market due to the high adoption rate of liquid analyzers in wastewater management industry and biotechnology industry. Moreover, stringent environmental policies and focus on protecting the environment has fueled the sales of liquid analytical instruments in established countries such as the U.S., U.K., Germany, France, Italy and Canada. However, other regions such as Middle East, Latin America and South East Asia are expected to be the prospective markets in the near future. Due to the high adoption rate of precise analytical instruments and highly developing biotechnology industry, these regions are expected to be the potential market in the near future. Moreover, nowadays, major pharmaceutical companies are outsourcing their drug development services to various countries such as China, Singapore, Malaysia and India, which is ultimately propelling the growth of the liquid analytical instruments market.
The global liquid analytical instruments market is witnessing an admirable growth due to the rising demand of real-time data monitoring and enhanced industrial process requirements. Moreover, stringent environmental standards along with increased demand for liquid analyzers in wastewater and water quality management industry are expected to boost the growth of overall liquid analytical instruments market in the near future. The major usage liquid analytical instruments are for industrial manufacturing process that requires fast and precise measurements and biased free results. Furthermore, the use of automated liquid analytical instruments in pharmaceutical industry decreases human biases and enables easy data control and monitoring. Additionally, liquid analytical instruments are widely used in biotechnology applications for ensuring optimum yield in various fermentation processes and for monitoring metabolism of microorganisms. These highly precise instruments are also extensively used in the food and beverage industry for maintaining the quality. For instance, advance liquid analyzers are used in breweries to control oxygen level during the fermentation process, which also helps in prevention oxidation of substances thus increasing the shelf-life of beer.
The global liquid analytical instruments market is highly fragmented due to the participation of many global as well as new players in this market. The market is expected to witness a high growth rate due to the growing demand for finer process analyses and stringent environmental policies. Some of the key players involved with the liquid analytical instruments market are ABB Ltd., Analytical Systems International / Keco, Electro-Chemical Devices, Inc., Emerson Electric Co., Endress+Hauser AG, Mettler-Toledo International Inc., Schneider Electric, Teledyne Technologies Incorporated and Yokogawa Electric Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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.