According to the new market research report "Moisture Analyzer Market by Analyzing Technique (Karl Fischer Titration, Loss-on-Drying, Capacitance, Microwave, Drying Oven, Near-Infrared, Radio Frequency), Equipment Type (Desktop, Handheld, In-Line), Vertical, and Geography - Global Forecast to 2022", The moisture analyzer market is expected to grow from USD 1.15 Billion in 2016 to USD 1.41 Billion by 2022, at a CAGR of 3.3% between 2017 and 2022. The market is mainly driven by factors such as increasing demand from traditional as well as new verticals and rapid adoption in Asia.
Browse 70 market data tables and 57 figures spread through 157 pages and in-depth TOC on "Moisture Analyzer Market - Global Forecast to 2022"
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Food and beverage vertical holds the largest share of the moisture analyzer market
The food and beverage vertical held the largest market share of the overall moisture analyzer market in 2016. This huge demand from the food and beverage vertical can be attributed to the stringent government regulations for maintaining the high quality of edible products by maintaining the moisture content in the product at the desired level.
Near-infrared expected to be the fastest growing analyzing technique in the moisture analyzer market
The moisture analyzer market for the near-infrared (NIR) analyzing technique is expected to grow at the fastest rate during the forecast period. This is mainly because NIR analyzers provide the opportunity to measure moisture content in the product during the manufacturing process. With the growing process automation in various industries, the demand for in-line moisture analysis is growing, and NIR analyzers are the best fit for the continuous analysis of moisture during the product manufacturing process.
The Americas is the major consumer of moisture analyzers
The Americas accounted for largest share of the overall moisture analyzer market in 2016. This region is home to several moisture analyzer manufacturers, along with industries such as food and beverages, and pharmaceuticals, which are the major consumers of this equipment.
The report also profiles the most promising players in the moisture analyzer market. The competitive landscape of the market is highly dynamic because of the presence of a significant number of big and small players. The key players in the market are PCE Instruments (Germany), Michell Instruments Inc. (England), Ametek Inc. (US), SpectraSesnsors Inc. (US), General Electric Co. (US), A&D Co., Ltd. (Japan), Kett Electric Laboratory (Japan), Mettler-Toledo International Inc. (US), Sartorius AG (Germany), Shimadzu Corp. (Japan), Gow-Mac Instrument Co. (US), Mitsubishi Chemical Holdings Corp. (Japan), Sinar Technology (England), Thermo Fisher Scientific Inc. (US), and U-Therm International (H.K.) Ltd. (Hong Kong).
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