Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Process analytical technology seeks to provide fundamental scientific information on the parameters essential to the stability of a process and the quality of the resulting product. Benefits of PAT integration include improved product quality and consistency, reduced process costs, improved process and product safety, elimination or minimization of rework products, accelerating the process cycle, facilitating regulatory acceptance and compliance, and creating a robust overall process leading to leads to making the product right the first time. During process development and scale-up, PAT promotes process understanding by linking the effect of variables to process performance. Thus, PAT positively influences organizational effectiveness, leads to the development of safe and sustainable processes, accelerates the development pipeline, improves product costs through scientific understanding, enables data-driven decision making, and supports regulatory requirements. Industrial and commercial sectors are the main drivers behind the growth of the market in Europe. Also, with the rise in innovation and high amount of investment in R&D activities has gained the attention of key market players. These factors are also anticipated to provide ample of new growth opportunities for the market in the region in the upcoming years.
The primary use of various analytical tools and systems lies within industrial manufacturing process solutions that require fast, accurate, and bias-free results. In addition, the use of automated analytical tools and systems in the pharmaceutical industry reduces human intervention and allows for easy control and monitoring of data. Numerous oil and gas fields are scattered and present in remote locations and hard conditions. This rises the requirement for one command centre for controlling and monitoring information, influencing the expansion of smart oil and gas fields that help within the integration and real-time information sharing, monitoring, and control of assorted oil and gas fields. This increasing number of smart oil and gas fields is expected to be a significant trend which is projected to drive the market growth, since companies use various instruments to investigate the method and monitor the substance content to convert their existing fields to smart fields.
The growth of the Europe Process Analytical Instrumentation Market is stimulated by excessive demand for the high quality analytical instruments. Driving factors also include, advancements in pharmaceutical and biotechnological sectors, competitive studies and improvement in treatment mechanisms in treating numerous variations of diseases, rise in government funding in research and development activities, and favourable reimbursement and regulatory situation. All these factors is expected to boost the market growth.
The market is expected to have growing new growth opportunities with the use of advanced instruments and devices which are used for the characterization and analysis of complex substances. The market is expected to grow at a significant extent with rise in demand for the use of new and advanced analytical equipment and devices along with the special features. Also, growth and diversification of the market along with new collaborations by key players in the market are key factors which are expected to create new opportunities for the market during the estimated time period.
The Europe Process Analytical Instrumentation Market is expected to have market restraints in terms of the excessive costs related to the maintenance of instruments and the shortage of essential materials required for manufacturing of advanced devices and equipment. These are the main factors which are predicted to restrain the market growth during the mentioned forecast period.
The Europe Process Analytical Instrumentation Market is expected to have challenges such as lack of required skilled professionals in the research and development activities. Also, the COVID pandemic has affected the growth of the market to a significant extent. These are the key challenges which may result in restricting the growth of the market over the projected time period.
The report provides in-depth analysis of Europe Process Analytical Instrumentation market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various advanced analytical instruments in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2021-2028.
The Europe Process Analytical Instrumentation market comprises of different market segments like type, end-user, application and country.
By type, the Europe Process Analytical Instrumentation market includes the key segments of
Gas chromatograph is expected to dominate the market over the forecast period. Gas chromatography (GC) is a common analytical technique used to separate and analyze volatile and semivolatile compounds in a mixture. It is a popular analytical technique because it combines exceptional resolving power with speed and sensitivity. It is widely applied in many industries including environmental, petroleum, chemical, food and beverage and pharmaceutical. In addition, it can reduce equipment downtime and increase the productivity of this process. It also offers an important advantage in the simultaneous analysis of multiple components. This makes it very beneficial for process engineering. Due to all factors, gas chromatographs are expected to lead the market over the forecast period.
Liquid analyzers are used to determine the chemical composition of substances directly involved in a chemical reaction. These liquid analyzers are also used to measure the physical parameters of the liquid which determine its chemical composition. A number of liquid analyzers are currently available on the market. Environmental protection, consistent product quality, process optimization and safety are some of the reasons why liquid analysis is becoming increasingly important. Therefore, liquid analyzers are expected to witness a high demand in the coming years.
By end-user, the Europe Process Analytical Instrumentation market includes the key segments of
Pharmaceutical and biotechnological sector is expected to exhibit high growth in the forecast period. The factors responsible for it being increased R&D activities along with better funding resources that leads its growth towards a high rate with positive outcomes. Process analytical technology is used to describe a broader shift in pharmaceutical manufacturing from static batch production to a more dynamic approach. This includes defining the critical process parameters (CPP) of the equipment used to manufacture the product that affect the critical quality characteristics (CQA) of the product and then controlling those CPPs within defined limits. This allows manufacturers to produce consistent quality products and also helps reduce overall waste and costs. It is also useful in biotechnology for analytical testing, optimization of the production process, etc. The requirement of process analysis technology is critical at every stage of the manufacturing process. Hence, pharmaceuticals and biotechnology sector is expected to dominate the market over the forecast period.
The water must be tested for essential parameters such as purity, pH, alkalinity, turbidity, etc. Chromatographic tools are very useful for analyzing these parameters. Waste and process water treatment is necessary to protect human health and the environment and to maintain the efficiency of industrial processes. Most regulators require regular analytical testing of wastewater at various stages of treatment. Analytical tools are widely used for various treatment methods. Therefore, due to these factors, water and wastewater segment is anticipated to have healthy growth in the market over the forecast period.
Europe Process Analytical Instrumentation market is studied for the following countries
Germany is expected to dominate the European region over the estimated time period due to the tremendous growth in research and development activities along with high focus on research and development activities. Germany has grown due to the increasing focus on utilization of IoT and the use of advanced equipment and devices.
France is expected to witness high growth over the forecast period. The growth in the region can be attributed to the adoption of advanced technological innovations and the increase in research and development activities in the field of pharmaceutical and biotechnology sector.
A 360 degree analysis of micro and macro-economic factors on the Europe Process Analytical Instrumentation market is provided in this exclusive report generated by Axiom MRC. In addition, complete analysis of changes on the Europe Process Analytical Instrumentation market expenditure, economic and international policies on supply and demand side is included in this report. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The impact of COVID-19 was most apparent within the initial months of the lockdown, because the industry worked towards adapting to the new normal. While the pandemic may have affected business ahead of time, key market players ensured that continued service was getting provided. The pandemic has also presented the market players with certain opportunities, for example, the demand for our analytical instrumentation has increased, thus providing a chance for growth within the pharmaceutical segment. There has also been a rise in investments in high end mass spectrometry systems to match the regulatory needs for drug molecules. Certain drug molecules also attract re-attention, thus inviting more investments. Moreover, post COVID-19 the market is expected to have new growth opportunities and is expected to have an emerging demand in the upcoming years.
The competitive landscape analysis of the Europe Process Analytical Instrumentation market is majorly focused on expanding the growth of Process Analytical Instrumentation in Europe with new product innovation, business expansion, increasing presence of range of manufacturers operating in Process Analytical Instrumentation industry has led the growing demand for the market. Besides, the market offers range of products in different application to fulfill the required demand of consumer which is further contributing healthy growth in the market.
The key players studied in market are
April 2022: HORIBA had announced the official completion and commissioning of its new facility in Magdeburg-Barleben in Saxony-Anhalt and the extension of its Leichlingen branch in North Rhine-Westphalia. The new facility is built with the expectation of meeting the growing demand for new technologies in the fields of electromobility, new energy and process and environmental engineering.
June 2018: NEO Monitors had developed a solution for measuring Hydrogen in-situ using traditional infrared tunable diode laser absorption spectroscopy. The underlying technology has already been used successfully for a manifold of industrial applications.
The Europe Process Analytical Instrumentation market comprises of different market segment like type, end-user, application and geography. By type, the Europe Process Analytical Instrumentation market includes key segments of gas chromatographs, gas analyzers, liquid analyzers and spectrometers. The gas chromatograph segment is likely to have a continuing and growing demand in the market. On the basis of end-user, the market is segmented into oil and gas, chemicals and petrochemicals, pharmaceutical and biotechnology, metal and mining, water and wastewater and others. The pharmaceutical and biotechnological sector is expected to exhibit high growth in the forecast period. The Europe Process Analytical Instrumentation market is studied for the following countries, Germany, U.K, France, Italy, Spain, and Rest of Europe (Portugal, Switzerland, Sweden, Poland and Russia among others). Germany is expected to dominate the European region over the estimated time period.
| Market Sizing for
Year: | 2019-2028 |
| Base Year: | 2021 |
| Forecast Period: | 2022-2028 |
| Value: | USD million |
| Market Segment
studied: | Type End-User |
| Market Players and
its Competitors: | Siemens
AG ABB
Ltd. Schneider
Electric Neo
Monitors AS Endress
& Hauser AG ServomexGroup
Limited Danaher
Corporation General
Electric Corporation Mitsubishi
Electric Corporation Emerson
Electric Co. Rockwell
Automation Inc. Horiba
Ltd Extrel
CMS LLC Mettler
Toledo MKS
Instruments Inc. Honeywell
International Inc |
FREQUENTLY ASKED QUESTIONS
What is the study period for the Europe Process Analytical Instrumentation market?
The study period for the market is 2022-2028.
Which is the leading end-user for the Europe Process Analytical Instrumentation market?
Pharmaceutical and biotechnology segment has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
Which country is gaining majority of market share during the forecast period (2022-2028)?
Germany is expected to gain major market share during the forecast period (2022-2028).
