Verify Markets Finds That Industrial Pre-Treatment, Regulatory Compliance, and Process Control Drive the Need for Analytical Instruments
SAN ANTONIO, May 12, 2015 (GLOBE NEWSWIRE) -- The water and wastewater analytical instruments market was estimated to be more than $360 million in 2014, according to Verify Markets. The market is expected to show a steady growth throughout the forecast period, as reflected in the report that can be purchased at http://www.verifymarkets.com/products/2015-united-states-water-and-wastewater-analytical-instrumentation-market.
The report indicated that some of the key drivers in the market include: increased demand for process control, automated smarter and simpler technology, increased awareness among customers and legislation. Some of the challenges in the market include minimal product differentiation and no technological advancements, market saturation, and long product lifetime.
Key players in this market include Danaher Corporation-Hach Company, Thermo Fisher Scientific, Inc., Xylem, Inc., Mettler-Toledo, Inc., Emerson Process Management, Endress+Hauser, Inc., Yokogawa Corporation of America, LAR Process Analyzers AG, Shimadzu Corporation, and GE Analytical Instruments, among others.
Conductivity and pH instruments were the largest segments in 2014 with more than 60% of the overall market share. The market has seen several merges and acquisitions. Among the most recent acquisitions is Biotector Analytical Systems Limited by Danaher Corporation-Hach Company.
The report is very detailed and provides market forecasts, market share analysis, and pricing trends by individual segments. Interview quotes by industry participants are also included. The base year of the study is 2014 and forecasts are provided until 2021. The report looks at several segments in the market that include: pH instruments, conductivity instruments, turbidity instruments, dissolved oxygen instruments, TOC instruments, total phosphorus instruments and total nitrogen instruments. For purposes of this research, both online and portable instruments have been considered.