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Moisture Analyzer Market Size is Estimated to Grow at a Significant Rate By 2023 (SARS-CoV-2, Covid-19 Analysis)

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Moisture Analyzer Market Size is Estimated to Grow at a Significant Rate By 2023 (SARS-CoV-2, Covid-19 Analysis)

Moisture Analyzer Market Size

The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Moisture Analyzer Market Size. The growth sectors of the Moisture Analyzer Market Size are identified with precision for a better growth perspective.

Moisture analyzer market is expected to grow from USD 1.2 billion in 2017 to USD 1.5 billion by 2023, at a compound annual growth rate (CAGR) of 3.53% during the forecast period. The rapid increase in process automation and technological advancements resulting in more reliable heat-based moisture analyser drive the demand for moisture analyzer market.

Key players

The prominent players in the moisture analyser market are Ametek, Inc. (US), Kett Electric Laboratory (US), Michell Instruments Inc. (UK), General Electric Co. (US), PCE Instruments (Germany), Mettler-Toledo International, Inc. (US), Spectrasensors, Inc. (US), Sartorius AG (Germany), Metrohm AG(Germany), Arizona Instrument LLC (US), Shimadzu Corp. (Japan), A&D Co., Ltd. (Japan), Thermo Fisher Scientific, Inc. (US), Adam Equipment Inc. (US), Brookhuis Applied Technologies (Netherlands), Cem Corp. (US), Gow-Mac Instrument Co. (US), Systech Illinois Instruments, Inc. (US), Sinar Technologiy (England), Kam Controls, Inc. (US), Kern & Sohn GmbH (Germany), and U-Therm International (H. K.) Ltd. (China). These players have adopted product launch, product enhancement, and geographic expansion as their key organic growth strategy to increase increase their presence across the globe.

Regional Analysis

The global market for moisture analyser market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of moisture analyser market is done for North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to dominate the moisture analysers market from 2018 to 2023 as the region has a sustainable and well-established economy and it has a highly developed food and beverages, and pharmaceuticals industry that focus on latest technology. Furthermore, the presence of the leading manufacturers in the region further drive the moisture analyzer market in these regions.

Asia-Pacific is estimated to reister the highest CAGR during the forecast period. The growth in the region is attributable to factors including ongoing industrial development, rapid pace of process automation, growing environmental concerns, and rise in number of government programs to promote green initiatives in the developing countries such as India and China.

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