September 27, 2019
According to the latest study titled ‘Global Moisture Analyzer Market Growth 2019-2024’ available with Market Study Report LLC, the global moisture analyzer market is estimated to accumulate US $1020 million by the year 2024.
Moisture analyzer is used to measure the moisture content in the products. The device usually consists of heating unit and weighing unit. It is known to ease the process of moisture analyzing and is fast & efficient, hence these device features are aiding the growth of moisture analyzer market.
According to this study, the worldwide moisture analyzer market was valued at US $870 million in 2019 and is estimated to grow with a CAGR of 2.8% over the forecast timeline. The study also provides an exhaustive understanding about trends, challenges, marketing strategies, distribution channels, consumer spectrum, and drivers influencing the market growth.
Based on the type, the moisture analyzer industry is segmented as handheld, desktop and inline. While based on application spectrum, the market is divided as food & beverage, pharmaceuticals, and wood, paper & pulp.
Considering the geographical landscape, the moisture analyzer market is fragmented into four major regions which are Europe, Americas, Middle East & Africa, and Asia Pacific. As per the report, North America dominated the device market with 30.16% revenue share in 2016. Moreover, China was largest producer of moisture analyzer market with 30.57% production share in the same year.
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The key players of the global moisture analyzer market are Sartorius (Omnimark), Mettler-Toledo, GE, AMETEK, CEM, Arizona Instrument, Shimadzu, Danaher, Mitsubishi, Guanya Electronics, A&D Company, Michell Instruments, Endress+Hauser (Spectra), PCE, MAC Instruments, Kett, Systech Illinois, Metrohm, Precisa, Boeckel + Co, Shanghai Ybchemical, Gow-Mac, Kam Controls, Kyoto Electronics, Kern, and Sinar.