Moisture Analyzer Market to Reach $2.27 Billion, Globally, By 2030 at 3.8% CAGR: Allied Market Research

Increase in demand for moisture analyzers in the healthcare and food & beverage industries and rise in awareness about protection & maintenance of industrial products drive the growth of the global moisture analyzer market.

PORTLAND, Ore., Dec. 9, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Moisture Analyzer Market By Type (Desktop-Mounted, Handheld, and In-Line), and End User (Petroleum and Chemical, Pharmaceutical, Food and Beverage, Wood, Paper and Pulp, Semiconductor, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030". According to the report, the global moisture analyzer industry was estimated at $1.61 billion in 2020, and is anticipated to hit $2.27 billion by 2030, registering a CAGR of 3.8% from 2021 to 2030.

Drivers, Restraints, and Opportunities

Increase in demand for moisture analyzers in the healthcare and food & beverage industries and rise in awareness about protection & maintenance of industrial products drive the growth of the global moisture analyzer market. On the other hand, lack of skilled labor impedes the growth to some extent. However, surge in demand for in-line moisture analyzers in the automation industry is expected to create lucrative opportunities in the industry.

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COVID-19 Scenario

• Implementation of partial or complete lockdown across various countries, especially during the initial phase of the pandemic, led to disrupted supply chain, thereby impacting the global moisture analyzer market negatively.
• However, as the global situation is getting better, the market is expected to recoup soon.

The Desktop-Mounted Segment to Dominate By 2030

Based on type, the desktop-mounted segment held the major share in 2020, accounting for nearly half of the global moisture analyzer market. Desktop mounted moisture analyzers are widely used and adopted for moisture testing and analysis of samples of materials such as wood, pellets, biomass, granules, feed, food products, creams, and pastes. This factor fuels the growth of the segment.  At the same time, the in-line segment would register the fastest CAGR of 5.3% from 2021 to 2030. This is because in-line analyzers are adopted in an array of applications such as pharmaceuticals, chemicals, textiles, foods, pulp and paper, minerals, lubricants, and personal care products.

The Food and Beverage Segment to Maintain the Dominant Share

Based end-user, the food and beverage segment contributed to nearly one-third of the global moisture analyzer market revenue in 2020, and is projected to lead the trail throughout the forecast period. However, the same segment is also projected to grow at the fastest CAGR of 4.6% from 2021 to 2030. This is attributed to the presence of stringent government regulations in all counties for maintaining high quality of edible products by controlling the moisture content in products at the desired level.

North America Garnered the Highest Share in 2020

Based on region, the market across North America contributed to the highest share in 2020, accounting for around two-fifths of the global moisture analyzer market, and is estimated to continue its dominant share in terms of revenue by 2030. This is attributed to high advancement is the realm of technology in this region. Simultaneously, Asia-Pacific is expected to showcase the fastest CAGR of 5.2% during the forecast period. Factors such as large-scale industrialization and urbanization in developing countries, such as India, China, and Japan, creates lucrative opportunities for the market growth in this province.

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Key Players in the Industry

• Sartorius AG
• General Electric Co.
• Metrohm AG.
• Mettler-Toledo International Inc
• PCE Instrument
• Ametek Inc.
• Shimadzu Corp.
• Sinar Technology
• Spectra Sensors Inc.
• Kett Electric Laboratory

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