Process Analyzer Technology Market Intelligence

Process Analyzer Technology Market Description

The global process analyzer market is currently estimated to be worth $7.49 billion and is expected to reach a value of $11.58 billion by 2024, growing at a CAGR of 9.1 percent. The major end-users for the process analyzer market is Oil & Gas, which account for a market share of 53-55 percent, followed by Refining and Petrochemicals for 30-35percent and Pharmaceuticals for 10-15 percent. The major driver for the industry engaging with PAT suppliers are technology, innovation, and regulation rather than the overall spend. Top global suppliers are ABB, Siemens, Emerson, Yokogawa, and Endress+Hauser.

The report provides a comprehensive analysis of the global process analyzer market and online process analyzer technology. The report evaluates the evolving technology trends in process analyzer technology and global market drivers and constraints. The report presents an examination of industry dynamics with Porter's Five Forces Analysis. The report elaborates on the relevant engagement models in the market and highlights performance management KPIs. A detailed supplier analysis is provided in the report, along with global supplier profiling and SWOT analysis. The report identifies procurement best practices, sourcing models for process analyzer technology and a comparative analysis of pricing models.

Report Coverage

PAT Techniques in Pharma Unit Operation
Evolving Technology Trends in Process Analyzer Technology
Key Global Supplier Profiles

Process Analyzer Technology Market Trend, Analysis & Forecast

Category Intelligence on Process Analyzer Technology covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1. Process Analyzer Technology Executive Summary

1.1 Executive Dashboard

2. Process Analyzer Technology Market Analysis

2.1 Category Overview - Process Analyzer Technology
2.2 Process Analytical Instrumentation Timeline
2.3 Global Market Overview - Process Analyzer
2.4 Global Market Overview – Online Process Analyzer Technology
2.5 PAT Techniques in Pharma Unit Operation
2.6 Evolving Technology Trends in Process Analyzer Technology
2.7 Global Market Drivers and Constraints
2.8 Industry Dynamics: Porter’s Five Force Analysis

3. Process Analyzer Technology Supplier Analysis

3.1 Supplier Selection Methodology
3.2 Suppliers List
3.3 Key Global Supplier Profiles

4. Process Analyzer Technology Procurement Best Practices

4.1 Sourcing Models for Process Analyzer Technology
4.2 Sourcing Models– Comparative Analysis
4.3 Engagement Model
4.4 Pricing Models: Comparative Analysis
4.5 Performance Management: KPIs

Global Market Outlook on Process Analyzer Technology

In FY2024, the global process analyzer market size is expected to reach $11.58 billion with CAGR of 9.1% between FY2016 and FY2024
In FY2024, the market value is expected to have 50.2% increase from the market value of FY2016
In 2015, Asia pacific region was dominating the global market share by 40 - 42%, and is expected to remain at top in upcoming years
The major end users in process analyzer market are Chemical, Oil & Gas, Chemical, Pharmaceutical, Biotechnology. In which, the Oil & Gas industry holds the majority share around 53–55%
In future, the demand for process analyzer will gain pace in chemical industry
Increasing Merger and acquisition is the key trend evolving in this market

Global Market Overview – Online Process Analyzer Technology

In developed region, they tend to use online analyzer technologies frequently
It holds 60 – 70 percent market share of overall online process analyzer
In emerging region, they tend to use more sampling technology were the sample is taken to laboratory to do laboratory analysis or analytical analysis
It holds 30 – 40 percent market share of overall online process analyzer

Insights

ABB and Siemens are suitable process analyzer technology suppliers for pharmaceutical industry
The end use industries like petrochemical, pharmaceutical, water and wastewater are holding around $3 billion market value of overall online process analyzers
The refining & petrochemical industries are the top end user of process analyzer technology, they hold 30–35 percent of overall market value
The pharmaceutical industry holds 10–15 percent of overall market value
The pharmaceutical industry follows batch process, whereas refining, petrochemical, oil & gas, power, pulp & paper follows continuous process

Global Market Drivers and Constraints

Drivers

Increasing demand of process analyzer is anticipated to experience a robust growth rate in coming years
Reduction in production cycle time
Prevent reprocessing and rejection of batches
Increased process understanding and continuous improvement
Increased operational efficiency
Technology Advancement: Rapid increase of technology advancement in process analyzer field leads manufacturers to innovate new products that has better design and performance

Constraints

Lack of a written PAT guidance document from FDA
High Infrastructure Cost: The cost includes in the production of process analyzer are raw material, packaging, fabrication, support electronics and development. Besides these, process analyzers incur high installation and maintenance cost. This results challenge for process analyzer players and restricts the growth of process analyzer market
Huge Competition: In process analyzer market, the huge competition among manufactures is leading to pressure in terms of cost
Lack of Skilled Professional

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