Dublin, Nov. 19, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/hd59hr/global_liquid)
has announced the addition of the "Global
Liquid Analytical Instrument Market 2012-2016" report to their
offering.
Analysts forecast the Global Liquid Analytical Instrument market to
grow at a CAGR of 6.39 percent over the period 2012-2016. One of
the key factors contributing to this market growth is the growing
need for better analysis. The Global Liquid Analytical Instrument
market has also been witnessing an evolution from laboratory
technology to a process environment. However, the premium price of
the instruments could pose a challenge to the growth of this
market.
The key vendors dominating this market space are ABB Ltd., Emerson
Electric Co., Endress+Hauser Management AG, Invensys plc, and GE
Co.
The other vendors mentioned in the report are Danaher Corp.,
Honeywell International Inc., Mettler Toledo International Inc.,
and Yokogawa Electric Corp.
TechNavio recognizes the following companies as the key players in
the Global Liquid Analytical Instrument Market: ABB Ltd., Emerson
Electric Co., Endress+Hauser Management AG, Invensys plc, and GE
Co.
Commenting on the report, an analyst from the engineering team
said: ''With the increasing benefits of real-time data acquisition,
the market is witnessing an evolution as suppliers move the liquid
analytical
instrument technology from the laboratory environment to the
process environment. This trend is expected to increase the
adoption of liquid analytical instruments in process industries.
The use of liquid analytical instruments in the industrial
manufacturing process results in precise and fast measurements,
reduces unnecessary environmental impacts, decreases human error,
and enables easy monitoring and control. Thus, the use of liquid
analytical instruments in the process environment is expected to
encourage increased adoption during the forecast period.''
According to the report, one of the major drivers in this market is
the increasing need for real-time data acquisition. The analysis of
information for measurements such as pH/ORP, chlorine/chloride, and
conductivity/resistivity needs to be carried out during the
industrial manufacturing process to avoid delays in the process
time. End-users are increasingly using liquid analytical
instruments because of their online data measurement ability.
Further, the report states that one of the major challenges in this
market is the premium price of the analytical instruments.
For more information visit http://www.researchandmarkets.com/research/hd59hr/global_liquid
Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector:
Engineering