Home » Online Measurement Will Drive Liquid Analytical Market to $1 Billion by 2014
Online Measurement Will Drive Liquid Analytical Market to $1 Billion by 2014
A study from Flow Research (www.flowresearch.com), "The World Market for Liquid Analytical Instruments," finds that the worldwide market for leading liquid analytical instruments is projected to grow substantially, and exceed $981 million by 2014. The market totaled $726 million in 2009 and is expected to equal $812.4 million in 2011.
Flow Research projects a compound annual growth rate (CAGR) of 6.2% in revenues for the total worldwide liquid analytical instrumentation market through 2014. Dissolved oxygen/oxygen analysis is the fastest-growing application with a projected CAGR of 7.1%, followed by potential of hydrogen/oxidation-reduction potential (pH/ORP). The largest applications in terms of revenues are pH/ORP and conductivity/resistivity.
A major market driver is the demand for finer analyses of process variables from enhanced industrial process quality targets, more stringent environmental compliance standards and technology advances. The market is undergoing a fundamental evolution as suppliers move technologies from the laboratory to the process environment, and as users realize the benefits of real-time data acquisition. Much of the growth is due to increased demand for analytical instruments in the water and wastewater market. The security and consequent safety of public water supplies has become a front-burner issue, with federal funding for the research, development and deployment of systems providing real-time analysis and reporting.
According to Dr. Jesse Yoder, president of Flow Research, "The liquid analytical industry is experiencing a transition from a laboratory environment to an inline/online process control environment. Analytical techniques are evolving at an accelerated pace to meet user demands, including the need for real-time data availability. The opportunities are significant for suppliers who take advantage of these market changes."
The figure below shows projected shipments of analytical instruments worldwide in millions of dollars from 2009 to 2014.
Total Shipments of Liquid Analytical Instruments Worldwide (Millions of Dollars)
Image courtesy of Flow Research
SANS Control Security Training Coming to Houston
SANS Institute will hold ICS Security Training event on June 10-15 in Houston
ISA Training Through June in Houston
Technician training, engineering survival and SIS boot camps for condensed, intense, comprehensive educational experience.
NIST Releases Initial Cyber Security Framework Comment Analysis
The National Institute for Standards and Technology has released an initial analysis of the hundreds of comments by industry and the public they have received on the Obama Administration's "Improving Critical Infrastructure Cyber Security" executive order.
Past Time to Upgrade Your DCS?
Upgrading Your DCS: Why You May Need to Do It Sooner Than You Think
Metso Provides New Heating Solution for Finnish Utility
Finland's largest pellet-fired heating plant produces environmentally friendly energy in Tampere
K-BIM Consortium Selects Siemens' Parasolid for New AEC Applications
-BIM, a consortium of commercial, academic and government organizations wants the new application suite to help create a national standard for building information management (BIM)
Friday p.m. Wrap-Up:This Week on ControlGlobal and Elsewhere
Some of the week's biggest stories in process automation
What's Bad Weather Costing Us?
U.S. taxpayers paid nearly $100 billion responding to damages caused by last year’s extreme weather events associated with climate change, about $1,100 per taxpayer, according to an analysis by the Natural Resources Defense Council (NRDC).
BP, Shell, Statoil Raided by EC
European Commission investigators raided the offices of oil companies BP, Royal Dutch Shell and Statoil as well as data collector Platts as part of a larger inquiry into price manipulation of the global crude market.
What We Can Learn About Safety from the Titanic Hearings
This report from the U.K. publication The Engineer is instructive. It reprints a report from the May, 1912 hearings on the sinking of the Titanic.
- All news »
Access the entire print issue on-line and be notified each month via e-mail when your new issue is ready for you. Subscribe today.
- Featured White Papers