Moisture Analyzer Market Report by Growth Strategies and Regional Drivers to 2028
The growing technological advances and the escalating tactical associations among the key industry players will increase moisture analyzer sales in the times to come.
As per the latest report by Global Market Insights Inc., the moisture analyzer market could hold a valuation worth USD 2.4 billion by 2028.
The demand for petroleum products has been at an all-time high over the past few years due to the exponential growth of the automobile sector and improving socio-economic conditions. Driven by this, the moisture analyzer market has gained significant impetus from the oil and gas sector. The product is utilized in nearly all phases of hydrocarbon processing to ensure optimum performance of refining catalysts and prevent catalyst contamination during the oil refining process. Besides, the growing technological advances and the escalating tactical associations among the key industry players will increase moisture analyzer sales in the times to come.
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The global moisture analyzer market may undergo a significant transformation owing to the proliferating requirement to control the water content in several biological, chemical, and quality control applications. Some of these include food & beverage, semiconductors, pharmaceuticals, hydrocarbon processing, etc. Moisture analyzers have been gaining immense popularity for the last few years, owing to the growing prevalence of foodborne diseases, which has pushed the demand for implementing stringent food quality and safety standards in order to maintain and protect food products.
In addition, fueling industrial automation across the manufacturing sector, along with the increasing drug development and rapid expansion of the pharmaceutical industry, will boost the moisture analyzer market forecast in the forthcoming years.
Listed ahead are some noteworthy trends streamlining the expansion of the global moisture analyzer industry.
Innovative breakthroughs to pave the way
Water content affects the appearance, storage stability, taste, texture, and other physicochemical characteristics of food and medicines. It becomes necessary for pharma and food manufacturers to rely on moisture content proportions to manage their operations and comply with potency and labeling requirements.
Keeping these pointers in mind, in January 2022, METER Group introduced ROS 1 Moisture Analyzer, the first and only moisture analyzer to deliver reference method precision, speed of moisture balance, and simplicity of an oven. The product yields reference-quality data without involving any hassles caused by halogen moisture balances, or Karl Fischer Titration (KF titration), combines the best of all methods and can handle every detail automatically.
Such innovations will help transform the moisture analyzer market landscape during the projection period.
Rapid expansion of the food and beverages industry
Moisture control plays a critical role in food processing and manufacturing. While too much moisture may encourage the growth of harmful microbes, too little of it may interfere with the consistency and palatability of the food.
As per the data by the Indian Ministry of Agriculture and Farmer Welfare, the total foodgrain production for the year 2021-22 is estimated to reach almost 316 million tons.
This considerable rise in food production will push the demand for the safety and maintenance of food products to meet the requirements of the growing world population, thus augmenting the moisture analyzer market revenue trajectory.
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Increasing adoption of near-infrared technology
The NIR moisture analyzers market has been on a roll for quite a while due to their extensive application across pharmaceutical, food and feed, textiles, polymers, petroleum, and personal care products. The NIR technology is easy to use, does not require sample preparation, and is highly precise and time-efficient.
Besides, the implementation of advanced growth strategies by tech giants to expand their portfolios and strengthen their customer base will increase the moisture analyzer market share. The acquisition will help extend the former's NIR range of product offerings and fulfill its long-term commitment to the NIR analyzer market.
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