Connect with us

Technology

Process Analyzer Market size is set to grow by USD 2.07 billion from 2024-2028, Capacity additions in major end-user industries boost the market, Technavio

Published

on

NEW YORK, Aug. 5, 2024 /PRNewswire/ — The global process analyzer market size is estimated to grow by USD 2.07 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.5% during the forecast period. Capacity additions in major end-user industries is driving market growth, with a trend towards vendors introducing portable process analyzers. However, low adoption by small-scale industrial facilities in developing countries poses a challenge. Key market players include ABB Ltd., Agilent Technologies Inc., AMETEK Inc., Aneolia SARL, Bruker Corp., Danaher Corp., Emerson Electric Co., Endress Hauser Group Services AG, Honeywell International Inc., KROHNE Messtechnik GmbH, Metrohm AG, Mettler Toledo International Inc., Modcon Systems Ltd., Perkin Elmer Inc., Schneider Electric SE, Siemens AG, Spectris Plc, Teledyne Analytical Instruments, Testo SE and Co. KGaA, Thermo Fisher Scientific Inc., and Yokogawa Electric Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Process Analyzer Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.5%

Market growth 2024-2028

USD 2077.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.23

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 51%

Key countries

China, US, Japan, Germany, and UK

Key companies profiled

ABB Ltd., Agilent Technologies Inc., AMETEK Inc., Aneolia SARL, Bruker Corp., Danaher Corp., Emerson Electric Co., Endress Hauser Group Services AG, Honeywell International Inc., KROHNE Messtechnik GmbH, Metrohm AG, Mettler Toledo International Inc., Modcon Systems Ltd., Perkin Elmer Inc., Schneider Electric SE, Siemens AG, Spectris Plc, Teledyne Analytical Instruments, Testo SE and Co. KGaA, Thermo Fisher Scientific Inc., and Yokogawa Electric Corp.

Market Driver

Process analyzers, specifically combustion or emission analyzers, are becoming increasingly portable, with vendors investing in developing software for portable devices. For instance, TECsoft, a testing and emission compliance software from Testo SE & Co. KGaA, enhances the capabilities of the testo 350 portable emission analyzer. Portable analyzers enable on-site sample analysis, reducing the risk of foreign elements introduction and human negligence. Vendors plan to launch more portable analyzers by 2026, offering cost savings as they eliminate the need for specialized equipment and laboratory transportation. Portable analyzers are expected to become more prevalent due to their convenience, accuracy, and cost benefits. 

The Process Analyzer Market is experiencing significant growth in various industries, particularly in drug development and bioprocessing for pharmaceutical manufacturing. Analytical instruments play a crucial role in research and development, ensuring quality and compliance with environmental regulations. Freshwater availability and climatic changes are driving the need for innovative solutions in water supply, rainwater harvesting, and wastewater treatment. Gas analyzers are essential for monitoring pollutant levels and maintaining safe drinking water. Reliability, accuracy, and process measurements are key features sought after by laboratories and industries. Protected cabinets, cooling capabilities, power efficiency, and low power consumption are important considerations for installation. Compliance with environmental regulations and emissions standards is a priority. Temperature, pressure, flow rates, and chemical composition are essential process measurements. Process enhancement and safety are crucial for handling hazardous substances. Documentation and reporting are also important for regulatory compliance. 

Discover 360° analysis of this market. For complete information, schedule your consultation – Book Here!

Market Challenges

Large industrial facilities are the primary consumers of process analyzers due to the stringent quality requirements and service level agreements (SLAs) with their customers. For instance, a sugar manufacturer selling to processed food giants like Nestle S.A. Or Mondelez International must adhere to specific sugar standards. To ensure consistent chemical composition and physical properties, these manufacturers use process analyzers. Regulatory oversight is more intensive for large-scale industries, particularly in developing countries, due to limited regulatory resources. As a result, they install process analyzers to avoid regulatory action or closure. In contrast, small-scale industries in developing countries, which make up a significant portion of industrial facilities, often operate without process analyzers. For example, wastewater treatment plants in these industries may be inoperable. The low adoption of process analyzers among small-scale industries could hinder the growth of the global process analyzer market during the forecast period.The Process Analyzer Market faces several challenges in various industries. Environmental regulations require constant monitoring of pollutant levels, temperature, pressure, and flow rates to prevent water pollution and protect ecosystems and public health. Energy efficiency initiatives and process enhancement call for real-time analysis of chemical composition and calibration of sensors in remote areas. Safety and hazardous substance handling demand reliable analyzer technology and remote monitoring. Documentation, reporting, and transparency are essential for regulatory compliance and accountability. Process control, maintenance, troubleshooting, and malfunctions impact operational costs. Analyzer technology includes oxygen analyzers for combustion processes, flammable gas detection, environmental monitoring, and liquid analyzers for pharmaceutical products. Remote monitoring and calibration, sensor placement, and troubleshooting are crucial for optimal performance.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This process analyzer market report extensively covers market segmentation by

End-user 1.1 Oil and gas1.2 Chemical and petrochemical1.3 Healthcare1.4 Water and wastewater treatment1.5 OthersGeography 2.1 APAC2.2 North America2.3 Europe2.4 Middle East and Africa2.5 South America

1.1 Oil and gas- Process analyzers play a crucial role in the oil and gas industry, particularly in the upstream and midstream sectors. In the upstream sector, these analyzers help identify the type and contents of gases released during exploration, ensuring health, safety, and environmental risks are minimized. In the midstream sector, they prevent corrosion in pipelines and LNG transportation by monitoring carbon, oxygen, and hydrogen gases that can form toxic substances. The oil and gas industry’s capital-intensive nature and harsh working conditions necessitate regular maintenance and accurate gas analysis. With the rise of natural gas production due to technologies like fracking and declining prices, the demand for process analyzers has surged. Upcoming natural gas projects are expected to further fuel market growth, as the need for gas analysis in emissions inspection increases.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Process Analyzer Market encompasses innovative technologies and instruments used in drug development and bioprocessing industries for real-time monitoring and analysis of various parameters in pharmaceutical manufacturing. These analyzers play a crucial role in ensuring product quality, freshwater availability, and energy efficiency in the face of climatic changes, weather patterns, and pollution. They measure pressure, flow rates, chemical composition, and water pollution to protect ecosystems and public health. Rainwater harvesting and wastewater treatment are essential applications, as is the monitoring of hazardous substances and documentation for reporting purposes. Remote areas and calibration are also considered in the market’s scope, focusing on process enhancement, safety, and energy efficiency initiatives.

Market Research Overview

The Process Analyzer Market encompasses innovative analytical instruments used in various industries, including drug development and pharmaceutical manufacturing, for process measurements in bioprocessing. These analyzers ensure quality and compliance with regulations by monitoring freshwater availability, climatic changes, weather patterns, pollution, and water sources. They provide safe drinking water by analyzing pollutant levels in wastewater from households and industries, enabling effective rainwater harvesting and wastewater treatment. Process Analyzers offer reliability, accuracy, and versatility, measuring temperature, pressure, flow rates, chemical composition, and other parameters in laboratories and industrial installations. Protected cabinets, cooling capabilities, power efficiency, and remote monitoring are essential features for optimal performance. Compliance with environmental regulations and emissions standards is crucial, making analyzer technology an essential tool for industries seeking energy efficiency initiatives and process enhancement. Safety is paramount, with analyzers monitoring hazardous substances and reporting malfunctions for prompt maintenance and troubleshooting. The market includes gas analyzers for combustion processes, boiler combustion, and flammable gases, as well as liquid analyzers for environmental monitoring and quality regulations in pharmaceutical products. Transparency, accountability, and sustainability are driving factors in the market, with a focus on remote areas, calibration, sensor placement, process control, and documentation.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userOil And GasChemical And PetrochemicalHealthcareWater And Wastewater TreatmentOthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/process-analyzer-market-size-is-set-to-grow-by-usd-2-07-billion-from-2024-2028–capacity-additions-in-major-end-user-industries-boost-the-market-technavio-302211519.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Who’s Working Remotely? Virtual Vocations Survey Highlights Evolving Jobseeker Demographics

Published

on

By

This survey underscores the diverse backgrounds and experiences of remote jobseekers, highlighting the growing demand for flexible work arrangements across various demographics.

TUCSON, Ariz., Dec. 27, 2024 /PRNewswire-PRWeb/ — With over 500 participants from the U.S. (69%) and international locations (31%), Virtual Vocations‘ 2024 demographics survey offers valuable insights into the evolving landscape of remote work. By comparing responses across these groups, the survey highlights shared experiences and unique challenges faced by jobseekers worldwide.

“Whether based in the U.S. or abroad, jobseekers are embracing remote roles to align their careers with their personal goals, and we’re proud to be a part of their journey.” –Laura Spawn, CEO and co-founder of Virtual Vocations

Although Virtual Vocations is a U.S.-based company, it supports international jobseekers through its fully remote job board and career resources, addressing the global demand for remote work opportunities. The company frequently receives inquiries from international members seeking to access fully remote roles, punctuating the worldwide appeal of flexible work arrangements.

“The 2024 demographics survey results reinforce what we’ve known for years—professionals around the world are seeking flexibility, balance, and opportunities to work from home,” said Virtual Vocations CEO Laura Spawn. “Whether based in the U.S. or abroad, jobseekers are embracing remote roles to align their careers with their personal goals, and we’re proud to be a part of their journey.”

Fully Remote Jobs Remain Most Desired

A significant 43% of U.S.-based jobseekers and 42% of international respondents named fully remote, no-travel jobs as their top preference. These roles, which allow employees to work entirely from home, offer flexibility, aligning with both personal and professional goals. Although occasional in-person requirements may arise, fully remote roles are favored over hybrid, partially remote, and “work from anywhere” options. These positions provide businesses with access to a broader talent pool and enable employees to prioritize workplace values and culture.

Top Industries for Remote Jobseekers

The survey also highlights four key industries attracting remote jobseekers worldwide. Information Technology (IT) stands out as the leading industry for remote roles, with significantly more job postings than any other field. Healthcare follows closely, benefiting from the growth of telehealth and remote medical roles. Customer service offers engaging opportunities for professionals interested in client interaction, while education presents a wide array of roles in online teaching, tutoring, and instructional design, fueled by the expansion of virtual learning.

Jobseekers’ Common Frustrations

Both U.S. and international jobseekers shared frustrations, particularly with online job scams. Jobseekers expressed dissatisfaction with the prevalence of scams, especially when searching for work-at-home positions. Despite relying on online job boards, only a quarter (23% of U.S. respondents and 24% of international respondents) use dedicated remote job boards, like Virtual Vocations, where job postings are thoroughly vetted to ensure they are free of scams. Additionally, many jobseekers expressed frustration with excessive job requirements and employers failing to provide feedback or “ghosting” applicants during the hiring process, with one-third of respondents from both groups reporting these issues.

Income Insecurity: A Global Concern

Income insecurity remains a pressing issue for both U.S. and international jobseekers, with many reporting their earnings as insufficient for comfortable living. Sixty-five percent of U.S. respondents and 77% of international respondents reported inadequate household incomes. Nearly half (48%) of U.S. jobseekers earn less than $60,000 annually, while 68% of international jobseekers earn under $30,000. To improve financial stability, many jobseekers have set income targets, with 30% of U.S. jobseekers aiming for $60,000–$89,999 and another 30% targeting at least $120,000. In contrast, international respondents generally require lower salaries, with 38% seeking $30,000–$59,999 and 32% aiming for $60,000–$89,999.

For a comprehensive analysis and additional insights, read the full demographics survey report here: https://www.virtualvocations.com/blog/annual-statistical-remote-work-reports/remote-work-demographics-survey-results-2024/

ABOUT VIRTUAL VOCATIONS
Founded in 2007 by CEO Laura Spawn and her brother, CTO Adam Stevenson, Virtual Vocations is a small company with a big mission: to connect jobseekers with legitimate remote job openings. To date, Virtual Vocations has helped more than four million jobseekers in their quests for flexible, remote work.

In addition to providing a database of current, hand-screened, and 100% remote job openings, Virtual Vocations offers jobseekers a number of tools to aid in their job searches, including exclusive career courses, downloadable jobseeker content, and career coaching and resume writing services. Virtual Vocations also releases several data-driven reports each year on current trends in remote work.

Virtual Vocations, Inc. is a private, family-owned, and 100% virtual company incorporated in Tucson, Arizona.

Media Contact

Kimberly Back, Virtual Vocations, Inc., 1 (800) 379-5092 x. 703, kim@virtualvocations.com, https://www.virtualvocations.com

View original content to download multimedia:https://www.prweb.com/releases/whos-working-remotely-virtual-vocations-survey-highlights-evolving-jobseeker-demographics-302339757.html

SOURCE Virtual Vocations, Inc.

Continue Reading

Technology

Judge Baker Children’s Center d/b/a The Baker Center for Children and Families Provides Notice of Data Security Incident

Published

on

By

BOSTON, Dec. 27, 2024 /PRNewswire/ — Judge Baker Children’s Center d/b/a The Baker Center for Children and Families (“The Baker Center”), a nationally recognized provider of services for children’s mental health, has learned of a data security incident that may have impacted certain personal and / or protected health information. On December 27, 2024, The Baker Center formally notified potentially affected individuals with available address information and provided resources to assist them.

On July 28, 2024, The Baker Center discovered unusual activity within its local digital storage environment. After taking immediate steps to ensure the environment was secure, The Baker Center enlisted independent cybersecurity experts to conduct an investigation to determine what happened and whether sensitive information may have been impacted. According to the investigation, an unauthorized actor gained access to The Baker Center’s systems between July 26 – 28, 2024 and may have downloaded certain files. Following a thorough review of the impacted files, on October 28, 2024, The Baker Center determined that certain individuals’ personal and/or protected health information was potentially impacted during the incident.

The information affected during this incident varies between individuals but may have involved the following: name, address, date of birth, Social Security number, driver’s license or other government identification number, financial account information, health insurance information, medical treatment or diagnosis information, and/or clinical information.

On December 27, 2024, The Baker Center mailed notification letters to potentially impacted individuals with verifiable address information. The letters include information about this incident and about steps that potentially impacted individuals can take to monitor and help protect their personal and protected health information. The Baker Center has established a toll-free call center to answer questions about the incident and to address related concerns. The call center can be reached at 844-920-8988, Monday through Friday from 9:00 AM to 9:00 PM Eastern time

The Baker Center takes the security and privacy of information in its possession very seriously and is taking steps to prevent a similar event from occurring in the future. The Baker Center deeply regrets any inconvenience or concern this incident may cause.

View original content:https://www.prnewswire.com/news-releases/judge-baker-childrens-center-dba-the-baker-center-for-children-and-families-provides-notice-of-data-security-incident-302339677.html

SOURCE The Baker Center for Children and Families

Continue Reading

Technology

outboundIQ Achieves Certified Implementation Partner (CIP) Status with Five9

Published

on

By

Delivering Optimized, Outbound-Focused Contact Center Solutions for Modern Businesses

LAUDERDALE LAKES, Fla., Dec. 27, 2024 /PRNewswire/ — outboundIQ www.outboundiq.com proudly announces its accreditation as a Five9 Certified Implementation Partner (CIP), a distinction that reflects its deep expertise in optimizing and streamlining outbound-focused contact center operations. With a team of seasoned Five9 veterans, expert programmers, and industry thought leaders, outboundIQ is uniquely equipped to help businesses of all sizes unlock the full potential of Five9’s Virtual Contact Center platform.

Optimized Solutions for Complex Contact Center Needs
outboundIQ specializes in providing expedited, outbound-focused contact center implementations, integrating advanced features such as inbound and outbound Voice, SMS, Chat, Email, Salesforce Integration, and other third-party app integrations. Clients can also leverage ongoing optimization engagements and monthly retainers for strategic consulting designed to support long-term, outreach-focused success.

“Who better to handle your domain configuration than the experts that understand the outbound contact center world. To be an outbound expert, you must know 3 things; how to configure the domain front end, how the architecture interprets that design, and how carriers respond to your dialing behavior as a result of the build. outboundIQ has the advantage of deeply understanding all 3 things. Our experts are seasoned professionals that will guide toward the best build for your business. You tell us about your business, your needs and your processes, and we will build you a domain fit for purpose. outboundIQ offers best in class Domain Optimization, Implementation and Consulting for customers of all sizes and complexity. Due to our methodology and proprietary automations, we are able to bring our customers’ projects to life within accelerated timeframes.”

Jessica Clay, VP Support and Services

“We launched our business in June and were fortunate to connect with the incredible team at outboundIQ early on. Navigating the world of outbound calling and building efficient prospecting systems isn’t easy, but the entire team at outboundIQ brought our vision to life seamlessly. They implemented our ideas quickly and executed them flawlessly. Since partnering with them, our contact rates have significantly improved, our conversions have increased, and our overall business is thriving. We’re deeply grateful for this collaboration and look forward to continuing our work together on future endeavors!”

– Tim, Lit Financial

“I genuinely don’t know enough ways to thank the entire outboundIQ team. I inherited a domain riddled with mistakes, tangled beyond belief, and I had essentially planned to scrap the whole thing and start over. That’s when this team, led by Jessica Clay’s brilliance, took over to understand exactly what I wanted to create and completely revitalized my domain. We are all beyond thankful as they continue to consult for us to this day and I see no reason to stop. Thank you, Jessica, Jason, Rudy, Bruno, Sandy and everyone who gets the pleasure of working with these domain geniuses!”

– Michael, Lifetime Home Remodeling

A Holistic Approach to Outbound Excellence
Creating a competitive, consumer-focused outreach program requires more than just advanced technology. As outboundIQ explains, a thriving contact center functions like a high-performing racing team:

The Car: Five9 Virtual Contact Center provides a cutting-edge technology foundation.The Driver: Strong Dialer Administrators who skillfully manage operations.The Pit Crew: IT/Support teams ensuring seamless functionality.The Spotters: Data Analytics and Reporting experts optimizing performance.The Fuel: High-quality data driving better outcomes.

outboundIQ’s professional services team brings these critical elements together, ensuring clients achieve best-in-class outbound operations that prioritize consumer experience while maintaining a competitive edge.

A Call to Collaboration
With its new CIP certification, outboundIQ invites businesses to explore select partnership opportunities and projects to reimagine their contact center operations. Whether through expedited implementations or ongoing strategic consulting, outboundIQ is committed to driving measurable results for its clients.

About outboundIQ
outboundIQ delivers optimized, outbound-focused contact center implementations, combining years of Five9 expertise with cutting-edge strategies to help businesses achieve exceptional outreach outcomes. As a Five9 Certified Implementation Partner, outboundIQ provides tailored solutions to meet the unique needs of modern organizations.

About Five9
Five9 is a digital enterprise’s leading cloud contact center and software provider. The Five9 Intelligent CX Platform is reliable, secure, compliant, and scalable, designed to create exceptional personalized customer experiences.
www.five9.com

Media contact: 
Sandy Tafur
Phone: 404-660-5314
mail: sandy@outboundiq.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/outboundiq-achieves-certified-implementation-partner-cip-status-with-five9-302339797.html

SOURCE outboundIQ

Continue Reading

Trending