What Has Been The Historical And Current Growth Of The Ultraviolet Analyzer Market?
The ultraviolet analyzer market has seen considerable growth due to a variety of factors.
• Over the past few years, the market size for ultraviolet analyzers has significantly expanded. The market, valued at $1.61 billion in 2024, is projected to reach $1.73 billion in 2025 with a compound annual growth rate (CAGR) of 7.1%. This past growth has been driven by factors such as environmental monitoring regulations, control of industrial processes, treatment of water and wastewater, developments in spectroscopy, research in life sciences, pharmaceutical production, and process optimization in the petrochemical industry.
What are the Market Size and Expected Growth Rates for the Ultraviolet Analyzer Market By 2029?
The Ultraviolet Analyzer market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for ultraviolet analyzers is anticipated to display robust expansion in the following years, expected to surge to $2.27 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 7.1%.
The predicted escalation within the forecast period could be ascribed to the emergence of UV-visible spectrophotometry, growth within environmental monitoring sectors, progress in miniaturization, increased usage within agriculture, the invention of wearable analytical tools, a concentrated effort towards clean energy generation, and the advent of innovative materials. The forecast period is likely to showcase trends such as advancements in UV spectroscopy techniques, amplified utilization in controlling the quality of food and beverages, the integration of UV analyzers into processing industries, a concentrated emphasis on remote surveillance and automation, compact and portable UV analyzers, and a focus on enhancing data connectivity and integration.
Which Key Drivers Are Propelling The Ultraviolet Analyzer Market's Growth?
Growing apprehensions about environmental issues like environmental pollution are anticipated to boost the expansion of the ultraviolet analyzer market in the future. These issues pertain to the damaging impact that human activities have on the environment. Ultraviolet analyzers play a crucial role in tackling these problems by gauging the amount of harmful gases, including sulfides, nitrides, ammonia, and ozone that industries emit. For example, in May 2023, the France-located intergovernmental organization, the International Energy Agency (IEA), published a finding revealing an impressive surge in global energy investment in clean energy. This figure rose from 1408 billion USD in 2021 to 1740 billion USD in 2023, which effectively showcases the heightened dedication to environmentally friendly practices. Hence, an increased focus on environment-related issues like pollution stimulates the growth of the ultraviolet analyzer market.
What Are The Key Segments Within The Global Ultraviolet Analyzer Market?
The ultraviolet analyzer market covered in this report is segmented –
1) By Device Type: Online, Field
2) By Treatment Type: Liquid, Gas
3) By Application: Water Treatment, Air Treatment, Food And Beverage Disinfection, Other Applications
4) By Vertical: Oil And Gas, Healthcare, Food And Beverages, Chemical, Agriculture, Other Industries
Subsegments:
1) By Online: Continuous Monitoring Analyzers, Process Analyzers
2) By Field: Portable UV Analyzers, Handheld UV Analyzers
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How Are New Trends Impacting The Size Of The Ultraviolet Analyzer Market?
Leading corporations in the ultraviolet analyzer market are concentrating on inventing novel products like real-time optical water quality monitoring systems. These systems aim to improve water quality monitoring effectiveness by offering speedy, real-time assessments and actionable knowledge to boost safety and efficiency in the water and wastewater sectors. The real-time optical water quality monitoring system is an advanced technology system that constantly measures and analyzes water quality using optical sensors. It offers immediate data on pollutants and the overall health of water, enabling swift environmental management and public safety. For example, in October 2024, ABB Ltd., a technology company based in Switzerland, introduced the UviTec Optical Water Analyzers. These analyzers use advanced spectrophotometric and fluorescence techniques to provide water analysis results of lab-quality within just five seconds, significantly shortening the time needed when compared to conventional methods. The real-time monitoring features provide operators with immediate actionable insights, thus improving water management methods and enhancing the overall operational efficiency and safety in the water and wastewater industries.
Who Are the Key Players In The Ultraviolet Analyzer Market?
Major companies operating in the ultraviolet analyzer market include:
• ABB Limited
• AMETEK Process Instruments
• Emerson Electric Company
• HORIBA Group
• Agilent Technologies Inc.
• Teledyne Analytical Instruments
• Xylem Inc.
• Halma PLC
• Siemens AG
• Thermo Fisher Scientific Inc.
• Hitachi High-Technologies Corporation
• Servomex Group Limited
• Trojan Technologies Group ULC
• Opsis Projects India Private Limited
• Advance UV Systems Pty Limited
• Realtech Inc.
• Envirotech Instruments Private Limited
• Vasthi Instruments Private Limited
• Shimadzu Corporation
• PerkinElmer Inc.
• Waters Corporation
• Honeywell International Inc.
• Hach Company
• UV-Visible Analytics Inc.
• Hanna Instruments
• Analytik Jena AG
• Anton Paar
• Metrohm
• B&W Tek
What Are The Regional Insights Into The Ultraviolet Analyzer Market?
Asia-Pacific was the largest region in the ultraviolet analyzer market in 2024. The regions covered in the ultraviolet analyzer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
