According to the recent research report titled ‘Global Mercury analyzer Market Size study, by Type (Cold Vapor Atomic Absorption, Cold Vapor Atomic Fluorescence), by Application (Environmental Monitoring, Food Industry Oil, Gas, and Petrochemical Industry, Healthcare Industry, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global mercury analyzer market was worth USD 240.7 million in 2019 and is projected to record a CAGR of 6.96% during 2020-2027.
 

Strict government rules regarding environmental issues and examination of environmental conditions are key the factors driving the growth of global mercury analyzer market.
 

For those uninitiated, mercury analyzer detects mercury in gases, oil, water, and other sediments and solids. It is used in variety of applications for industrial processes including detection of sulphuric acid, purification plants, quality control of drinking water, and others.
 

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These instruments are used for monitoring the environmental conditions as there has been a drastic increase in air pollution over the recent past. In fact, according to the World Bank reports of 2017, 6% of global deaths were caused due to air pollution and 91.3% of worldwide population is exposed to unhealthy air.
 

According to Library of Congress, in 2019, amended Air Pollution Control Act states the standards for fuel quantity, limitations on amount of substance utilized in automobile fuel, and better fuel efficiency with reduced smoke emission.
 

Moreover, rapid industrialization which leads to development of several activities is creating lucrative growth prospects for global mercury analyzer industry. According to United Nations, growth rate of 7.2% in industrialization was observed on account of development and increase in income levels in emerging economies such as China and India.
 

From a regional perspective, global mercury analyzer market is segmented into Latin America, North America, Asia-Pacific, Europe, and Rest of the world. The report states that Asia Pacific holds significant industry share and is expected to witness a decent growth in the ensuing years. The regional growth is credited to rapid industrialization along with expansion in oil & gas industry. Additionally, rising pollution coupled with emergence of countries such as China, Japan, and India is contributing to the market outlook.
 

Major contenders in global mercury analyzer market are Lumex Instruments, Mercury Instruments Analytical Technologies GmbH, Hitachi High-Technologies Corporation, Nippon Instruments Pvt. Ltd., Analytik Jena AG, Milestone Systems, PerkinElmer Inc., Thermo Fisher Scientific, Tekran Instruments Corporation, and Teledyne Leeman Labs Inc.