Silica analyzers are used to monitor silica concentrations to ensure water quality by utilizing the principle of colorimetric analysis. Silica analyzers play an important role in minimizing the downtime required for regular maintenance. The main application areas of silica analyzers are power generation and semiconductor industries. The silica analyzer market has been classified on the basis of type, industry, and geography. The silica analyzer market is expected to be valued at USD 139.6 million by 2023, growing at a CAGR of 5.66% between 2018 and 2023.
Based on type, the silica analyzer market for consumables is expected to grow at a higher CAGR. Consumables are the reagents that are used in the analysis of silica content in the water. These consumables need to be replaced and/or refilled regularly, and the cost of reagents used per silica per year can exceed USD 2,500. Also, a 2-liter of reagent bottle can last for 45 to 60 days, depending on the frequency of usage.
In the silica analyzer market, power generation is expected to be the fastest-growing industry during 2018–2023. Silica analyzers are primarily used to monitor the silica content in water that is used in the boiler for steam generation in power plants. Monitoring silica in water helps in avoiding the scaling on turbines, thereby increasing the thermal efficiency of power plants.
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The silica analyzer market in APAC is expected to grow at the highest CAGR during the forecast period. China and India, major countries in the APAC region, have a significant number of coal-fired power plants. Easy availability of coal makes thermal power a preferred source of electricity generation. The increasing population and rapidly growing industrialization have made China the largest electricity producer in the world.
Silica Analyzer Market by Type (Equipment and Consumables), Industry (Power Generation (Utility, Captive/IPP), Semiconductor), and Region (North America, Europe, Asia Pacific, and Rest of the World) - Global Forecast to 2023
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