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Growing Demand for Online Analyzers with Lower Cost of Ownership
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The global process analytical instrumentation market consists of 4 key segments: process chromatographs, process spectrometers, process gas analyzers, and process liquid analyzers. End users are challenged by the cost of maintaining process analytical instrumentation, resulting in a noticeable drive toward online analyzers with low cost of ownership. Emerging markets such as China and India will continue to contribute significantly to the process analytical instrumentation market. An increase in the shale gas production in the United States will drive demand for process gas analyzers. A shortage of skilled process technicians is expected to restrain market growth.
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