The liquid analytical instrument market is expected to grow at a CAGR of 6% during the forecast period (2021 - 2026). Most of the industries that engage in manufacturing and processing of liquids, ranging from water to complex chemicals, use pH, ORP sensors among others for quality monitoring and automation of several industrial processes.

- In order to check the solubility and biological availability of the chemical constituents of water, the organizations and the related bodies have started the adoption of pH sensors and analyzers. This is expected to boost market growth over the forecast period.
- The increasing adoption of the liquid analytical instruments in the treatment of the wastewater led out by various industries such as Pulp and paper, water and wastewater plants among others, that consume large volumes of water. The wastewater treatment from these plants is a serious environmental concern.
- Infrastructural development across these industries is expected to boost market growth throughout the forecast period. for instance, the Delhi Jal Board (DJB), India, approved setting up of a new sewage treatment plant (STP) at Okhla that would be able to treat 124 million gallons of wastewater per day and will come up at a cost of Rs 1,161 crores.
- Stringent environmental and government regulations are propelling the various end-user industries to deploy the liquid analytical instruments to avoid the wastage and to promote the re-use of water. Therefore the usage of liquid analytical instruments is likely to grow.
- For instance, the Drinking-Water Contaminants-Standards and Regulations laid down by the U.S. Environmental Protection Agency (EPA) regarding public drinking water and quality of water in end-use industries is one such case.

Key Market Trends

pH & ORP Analyzer to hold the largest market Share

- With ORP being a measure of the electrical potential of a reaction and pH being a measure of acidity or alkalinity, these pH & ORP analyzers enable the user to improve predictive maintenance and reduce the time and costs associated with sensor maintenance and replacement, optimizing your OPEX for industries.
- The pH & ORP sensors are increasingly being used in the power, chemicals, water & wastewater, food & beverage, pharmaceuticals industries. In the power industry, the pH sensors are used to measure the pH of the ultrapure water that is used to drive the turbines. This increased adoption is expected to boost market growth over the forecast period.
- The anticipated increase in the number of nuclear power plants (due to the increasing demand for electricity and the ability to support the environmental concerns) is expected to boost the adoption of the pH & ORP analyzers over the forecast period. For instance, in September 2018, South Field Energy LLC chose global engineering and construction company, Bechtel, to build a USD 1.3 billion 1,182-megawatt combined-cycle energy plant in the Columbiana County, Ohio.

North America is Expected to Hold the Largest Share

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- The increasing pollutants being released into the rivers of the region has propelled the governments of the region to invest in the cleaning and the treatment of the water to make it habitable for the population to consume.

- For instance, in June 2019, Lake George a town in New York awarded bids for the new wastewater treatment plant, that would see Lake George replacing its old plant with a new USD 24 million-plus wastewater treatment plant as the old plant releases an excessive amount of nitrates, which can cause algal blooms that degrade the water quality of the lake.

- Some of the prominent players in the industry through strategic partnerships, research and development, and mergers & acquisitions have been able to further the technology which is expected to boost the adoption of the liquid analytical instruments over the forecast period.

- For instance, in April 2019, Emerson introduced two new sensors viz. Rosemount 550pH sensor and Rosemount 550DW dissolved oxygen sensor adaptor. The Rosemount 550pH sensor for immediate verification and standardization, eliminating the initial stabilization process, which can generally slow start-up by 30 minutes to two hours offers the unique capability of being stored wet.

Competitive Landscape

The competitive rivalry between the players in the liquid analytical instrument is high owing to the presence of some key players such as Emerson, ABB, among others which have over a decade experience in the market. Their ability to continually innovate their products has enabled them to gain a competitive advantage over other players. These players have been able to gain a strong footprint in the market due to the strategic partnerships and mergers & acquisitions these players enter into.

- June 2019 - Endress+Hauser released a new generation of ISFET sensors such as Memosens CPS47D, CPS77D, and CPS97D made with unbreakable PEEK for glass-free pH measurement and liquid analysis.
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July 2019 - Electro-Chemical Devices (ECD) launched a new highly intelligent PPB Sodium Trace Analyzer for high-purity and ultra-pure water requirements across industries such as Power Generation, Electronics, Pharmaceuticals among others. The advanced trace analyzer, NA6 Sodium Analyzer includes a color touchscreen user interface and comes with a low-reagent consumption design that reduces plant measurement operating costs.

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