Global In-Line Process Viscometer (ILPV) Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of 6.4% during forecast period of 2019 to 2026.
Drivers and Restrains:
A viscometer is an instrument used for measuring fluids viscosity when the unit is inactive, or the fluid is inactive. In-line process viscometers are extensively used across several end-user industries like pharmaceuticals, foods and beverages, chemicals and petroleum, etc. The rapid rise in purification capacities owing to growing energy demand is anticipated to impel the market growth. The global in-line process viscometer (ILPV) market is driven by increasing demand from refineries, in-line process viscometers offer cost benefits, increasing need for automation, need for process stabilization with accuracy and reliability, increase productivity and profitability. However, price competition affecting overall revenue and lack of multi-directional flow measurement capabilities are hampering the market growth at the global level.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Global In-Line Process Viscometer (ILPV) Market Segmentation Analysis:
Based on the technology, the Vibration viscosity measurement segment has led the in-line process viscometer market in 2018 and is estimated to generate more than US$ XX Mn market revenue by 2026, with CAGR of XX%. Due to their ease of integration into several industrial fluid procedures, which help to confirm the highest quality, accuracy and reliability over larger time spans. Rise in industrial demand for high quality, accurate and reliable fluid procedure has driven adoption of this segment. Refineries, adhesives, oils, plastics, inks, paper, paints, coatings, lubricants, shampoos, chemicals, and food are some of the key applications.
Torsional oscillation segment is expected to grow at a CAGR of 6.8% during the forecast period. These devices are mainly used in applications such as petrochemical, polymer, asphalt, adhesives, and oil refining industries. Recently, healthcare is widely accepted this technology to measure human blood viscosity, which may fuel market growth in this segment.
Acoustic wave viscometer segment demand is projected to gain at the highest CAGR of 7.3% over the upcoming period. Growth in refinery output along with rising demand for petroleum and automotive applications may impel demand of this segment in the in-line process viscometer market.
Global In-Line Process Viscometer (ILPV) Market Regional Analysis:
Geographically, the in-line process viscometer market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific was accounted to US$ XX Mn in 2018 for in-line process viscometer market and is expected to reach US$ Mn end of 2026, with a CAGR of 6.7%. Rising energy demand coupled with the growth of the chemical industry particularly in developing markets e.g., China and India are likely to propel the demand for ILPV market. The market in Middle East Africa is expected to expand at a high CAGR of XX% during the forecast period, thanks to the presence of over 90 crude oil refineries, which is the major driving force behind the growing adoption for ILPV. Moreover, the rising investments in research and development activities for the introduction of advanced In-Line Process Viscometer technologies are predicted to accelerate the growth of this region in the near future. In North America, the U.S. is estimated to grow at a CAGR of 6.1% by 2026. Food & beverages and pharmaceutical applications are predicted to show the fastest growth rate in this region.
The objective of the report is to present a comprehensive analysis of global in-line process viscometer (ILPV) market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global in-line process viscometer (ILPV) market dynamics, structure by analyzing the market segments and project the global in-line process viscometer (ILPV) market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the global in-line process viscometer (ILPV) market make the report investor’s guide.
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Scope of the Global In-Line Process Viscometer (ILPV) Market:
Global In-Line Process Viscometer (ILPV) Market, by Technology:
• Rotational
• Torsional Oscillation
• Vibration
• Moving Piston
• Coriolis
• Dynamic Fluid
• Acoustic Wave (Solid State)
• Others
Global In-Line Process Viscometer (ILPV) Market, by Application:
• Petroleum
• Chemical
• Pharmaceutical
• Food and Beverages
• Others
Global In-Line Process Viscometer (ILPV) Market, by Region:
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Global In-Line Process Viscometer (ILPV) Market, Major Players:
• Lamy Rheology
• Brabender Gmbh & Co. Kg
• Hydromotion
• Marimex America Llc.
• Nametre (Galvanic Inc.)
• Vaf Instruments
• Fuji Ultrasonic Engineering
• Sofraser
• Micro Motion (Emerson Process Management)
• Mat Mess- & Analysetechnik
• Norcross
• Endress+Hauser Consult AG
• Lemis Baltic
• Orb Instruments, Inc.
• Bartec
• Atac
• Vectron International, Inc.
• Cambridge Viscosity
• proRheo GmbH, Anton Paar
• Brookfield Engineering Laboratories Inc.
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