Market Overview
The main objective of any supply system is the risk of not facing damage due to high moisture content in the products. Suppose the humidity of a product (i.e Food and beverage items that need extensive durations of transportations and longer shelf life) is greater than the outer atmosphere. In that case, it is bound to get spoiled quickly. Hence, determining the moisture content of the given products is important from a business point of view. To solve this problem, the use of a desiccator is applied in many large production plants. Thus increasing the demand of the moisture analyzer market.
A moisture analyzer is a device that tests the moisture equilibrium of a given product. It operates on the principles of infra-red weighing and heating units. This instrument measures the ‘loss of drying’ content in the product. The LOD is the moisture content that remains constant after the product is subjected to drying and removing the existing humidity through an infrared radiator.
The market for humidity analyzers is estimated to rise from USD 1.15 billion in 2016 to USD 1.41 billion in 2022. It has also been noted that the CAGR rate will increase to 3.3% from 2017 to 2022.
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Market Segmentation
For the scope of the study, the global Moisture Analyzer Market Share, has been segmented based on type, application, and technique.
Segmented by type into desktop, handheld, and inline. The mobile segment held the biggest market share in the market for moisture analyzers. The handheld segment was the second largest market in 2018 but it is predicted that the inline segment will register the highest CAGR during the forecast period.
The market was segmented by Application into Plastics and Polymer, Building, Agriculture, Food And Beverage, Fabrics And Textiles, Pharmaceutics, and Others.
Based on the technique, the global market is segmented into Karl Fischer Titration, Loss-on-Dying, Power, Microwave, Near-Infrared, Radio Frequency and Others
Regional Outlook
The moisture analyzer market research, based on region, has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
Throughout the study period North America is projected to lead the market for moisture analyzers followed by Europe. North America is the largest region in the moisture analyser industry in terms of market share. This area was further divided into the United States , Canada and Mexico. The US dominated the market for moisture analyzers followed by Mexico and Canada. Advances in industrial technology and development of the region's food & beverage industry are some of the factors that are responsible for the growth of the demand for moisture analysers. In addition, the presence of industry giants such as Mettler Toledo, General Electric, AMETEK.Inc, and Thermo Fisher Scientific Inc, is one of the driving factors for the growth of the market in this region. T Growth can be attributed to the rapid growth of the pharmaceutical and chemical industries, creating a higher demand for moisture analysers. In addition, growing industrialization to meet the requirement of high-quality manufacturing facilities is another factor responsible for the country's market growth.
From 2018 to 2024, Asia-Pacific is expected to be the fastest-growing region, while Europe is expected to be at second position in terms of market share during the assessment period. Germany is a developing country and a leader in innovation and development, with the involvement of key players in the fields of semiconductors, power electronics, and ICT. In addition, some of the other factors driving market growth in the rest of Europe include increased government inclination to maintain food quality , increased consumer awareness of technology, and increased adoption of next-generation technologies across the chemical and manufacturing industries to support domestic moisture analyzer market vendors. In addition, the expansion prospects for Western Europe's US-based market leaders are also significantly high, further paving the way for the growth of the region's moisture analyzer sector, further paving the way for the moisture analyser sector to expand.
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