( MENAFN - GlobeNewsWire - Nasdaq) Chicago, May 27, 2024 (GLOBE NEWSWIRE) -- The global Process Analyzer market is expected to grow from USD 7.8 billion in 2023 to USD 9.3 billion by 2028, registering a CAGR of 3.
6%. The growth of the process analyzer market is propelled by rising demand for water and wastewater treatment, increasing use of process analyzers in drug safety, and fiscal policy measures by regional financial institutions to boost the process analyzer market. To know about the assumptions considered for the study Download the PDF Brochure Major Process Analyzer Companies include: Process Analyzer Market Segmentation: TOC Analyzer segment to hold the largest market share in the year 2022.
TOC analyzers are essential measurement components in a host of industries relying on process control and reporting of regulated organic discharge levels. Industries often use TOC analysis to protect vital systems from corrosion by monitoring the raw water feedstock and process water quality. The increasing demand for water and wastewater treatment in various countries and the wide use of TOC analyzers in water treatment for industrial and domestic use are expected to help the TOC analyzer segment maintain the largest share of the liquid analyzer market in 2022.
Oxygen Analyzer segment to record the highest CAGR during the forecast period. An oxygen analyzer is one of the important gas analyzers utilized in a wide range of industries. Oxygen plays an important role in any combust.