The ultraviolet analyzer market is expected to grow from USD 1.0 billion by 2019 to USD 1.4 billion by 2024 at a CAGR of 6.4% from 2019 to 2024. A few key factors driving the growth of this market include the rise in demand for environmental protection would upsurge the demand for ultraviolet analyzers for emission monitoring, and stringent environmental standards and regulations.
ABB Ltd. (Switzerland), AMETEK, Inc. (US), Emerson Electric Co. (US), Halma plc (UK), Horiba, Ltd (Japan), Teledyne Analytical Instruments Inc. (US), Thermo Fisher Scientific Inc. (US), Xylem Inc. (US), Agilent Technologies Inc. (US), and Hitachi High-Technologies Corporation (Japan) are among a few major players in the ultraviolet analyzer market. Most of the leading companies have used product launches and developments, and partnerships as key strategies to boost their revenues.
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ABB (Switzerland) has long been a significant player in the ultraviolet analyzer market. The company manufactures and sales a wide range of ultraviolet analyzer products. It has established a strong brand name as a result of its innovative approach, technological excellence, high sustainability, and high-quality products. The company also has a strong geographical presence. It offers ultraviolet analyzers which serve a wide range of industries including food & beverages, oil & gas, pharmaceuticals, paper & pulp, wastewater, chemical, and printing industry. The company is at the forefront of innovating digitally connected industrial equipment and systems. Strong brand of the company has a considerable impact on the ultraviolet analyzer market. Further, the company can expand its analyzers product portfolio by expanding business in emerging countries such as China and India.
AMETEK (US) has a strategically balanced portfolio of ultraviolet analyzers and a strong geographical presence. The company’s electronic instruments segment include Process & Analytical Instruments division, which serves extensive applications, such as environmental and pollution monitoring, power generation, metals refining and production, pharmaceutical research and manufacturing, natural gas, refining and petrochemicals, semiconductor chip manufacturing, air separation and industrial gas production, pulp & paper production, fuel cell research, and glass manufacturing. Ametek has more than 150 manufacturing locations globally, which supports operations for more than 100 sales and service locations across the US and in 30 other countries.
Teledyne (US) has a strong presence in the instrumentation market globally and has a strong hold on the US market. It compromises an extensive distribution channel across all major regions. The company markets its products through its board network of sales offices worldwide as well as through its online store in the US. The company focuses on expanding its operations and reaching out to other markets through either acquisitions or strategic partnerships. The company increases its business opportunities with expansion programs through acquisitions. For instance, the company recently acquired Hanson Research (US) to accelerate its development of new products and services.
Ultraviolet Analyzer Market by Treatment Type (Liquid, Gas), Device Type (Online, Field), Industry (Oil & Gas, Chemicals & Pharmaceuticals, Environmental, Food & Beverages), Application, and Geography - Global Forecast to 2024
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