Process Analyzer is an instrument for determining, the chemical composition of substances involved in a chemical process directly, or for measuring the physical parameters of components identified in the composition.
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The industry has been in existence for several years and it comprises of analytical chemistry, process chemistry, multivariate data analysis, and so on. The need for analyzers is generated by the need of monitoring, measuring and analyzing of the sample or the process.
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Major key players of process analyzer industry
Market size for the process analyzer industry was $3.3 billion in 2013, which is expected to grow moderately in the coming years.
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Some of the major players in the global market are Siemens AG (Germany), ABB Ltd. (Switzerland), Emerson Process Management (U.S.), Thermo Fisher Scientific (U.S.), and Yokogawa Electric Corporation (Japan), among others.
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