The Global Market for Titrators (Automatic and Manual) is Projected to Reach US$493.4 Million by 2024
Stringent Regulations for
Food and Drugs Safety Drives Demand for Titrators, According to a New Report by
Global
Industry Analysts, Inc.
GIA
launches comprehensive analysis of industry segments, trends, growth drivers,
market share, size and demand forecasts on the global Titrators (Automatic and
Manual) market. The global market for Titrators
(Automatic and Manual) is projected to reach US$493.4 million by 2024 driven by growing
regulatory pressure to conduct accurate and reliable testing to maintain
quality across various industries, increasing adoption of automated titrators and
development of advanced
titrators with user friendly and high performance features.
Titrators
are among the most basic lab instruments, which are used for measuring
concentrations of analytes. Titrators find use in sample analysis across
various industries including food & beverage, pharmaceutical drug
manufacturing, as well as petrochemicals to ensure high quality control. The global market for titrators is expected to
grow at a steady rate over the coming years driven by growing volume of
analysis and QA/QC applications performed in various end-use industries. With reliability, accuracy
and ease of use being major factors influencing the type of titrator purchase,
demand for automated titrators known for their superior and smart features
along with higher accuracy rates is expanding at a significant pace.
Technology
advances and innovations continue to churn out smart and highly cost effective
titrators that can offer robust, reliable, fast and highly accurate results.
Modern titrators are equipped with more safety, user-friendly features and
intuitive setup that help alleviate the researchers’ time and improve
productivity. The incorporation of
robotics, automated functions, and accurate dosing algorithms have enabled titration to
reduce human errors and offer more precise and faster results than before.
Technology advancements have also enabled the development of titration systems
that can handle large sample volumes and different analytes within the same
sample. Technology
advances have also led to the emergence of smart titrators which enable
connectivity with an external device such as a computer along with software to
perform numerous types of titration. There is also a growing trend towards
integrated solutions to address the changing analytical tasks in laboratories.
As
stated by the new market research report on Titrators (Automatic and
Manual), Europe
represents the largest market worldwide. Asia-Pacific is poised to register the
fastest CAGR of 7.7% of the analysis period, driven by stringent effluent
regulations and increasing investments in R&D by government agencies as
well as private enterprises, rise in pharmaceutical contract manufacturing in
Asian countries and increasing demand for automated chemical analysis solutions.
Major
players in the market include COSA Xentaur, CSC Scientific Company, DKK-TOA
CORPORATION, GR Scientific, Hach Company, Hanna Instruments Inc., Hiranuma
Sangyo Co. Ltd., Hirschmann Laborgeräte GmbH & Co. KG, Jinan Hanon
Instruments Co. Ltd., Kyoto Electronics Manufacturing Co. Ltd., Metrohm AG,
Mettler-Toledo International Inc., MilliporeSigma, Mitsubishi Chemical
Analytech Co. Ltd., Photovolt Instruments Inc., SI Analytics GmbH, Thermo
Fisher Scientific Inc., and Xylem among others.
The
research report titled “Titrators
(Automatic and Manual): A Global Strategic Business Report” announced by
Global Industry Analysts Inc., provides a
comprehensive review of market trends, issues, drivers, mergers,
acquisitions and other strategic industry activities of global companies. The
report provides market estimates and projections for all major geographic
markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK,
Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of
Asia-Pacific), Middle East & Africa and Latin America (Brazil and Rest of
Latin America). The market is analyzed by the Product Group/Segment -
Karl-Fischer Titrators (Volumetric Titrators and Coulometric Titrators) and Others.
For
enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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