Asia Pacific Process Analytical Instrumentation Market Report

Asia Pacific Process Analytical Instrumentation Market Report, By Type (Gas Chromatographs, Gas Analyzers, Liquid Analyzers, Spectrometers), End-User and Country - Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 11489 | Publish Date : Upcoming | Industry : Healthcare | Geography : APAC


MARKET OVERVIEW- ASIA PACIFIC PROCESS ANALYTICAL INSTRUMENTATION MARKET

Process analytical technology (PAT) uses a variety of tools, such as spectroscopic and chromatographic composition analyzers, solid-state sensors, automated and statistical data analysis, and general knowledge management methods. All of these technologies and processes are designed to provide real-time or near real-time information. Because the purpose of PAT is to improve the safety and quality of manufactured products, it must be included in efforts leading to large-scale production, such as the application of the PAT methodology represents a technological and cultural shift in how a company or industry approaches design, manufacturing, quality and safety. The growing concern for product quality, increased investment in research and development and strict government regulations are the main factors driving the growth of the market. Increased customer awareness, especially in emerging regions, and the need for analytical tools across multiple industries should drive market growth. Strict drug safety regulations, increased focus on food quality, expansion of gas and shale production, and technological advances in mass spectrometers are key factors which are anticipated to provide ample of new growth opportunities for the market in the region in the upcoming years. 

MARKET DRIVERS 

The market is anticipated to witness admirable growth thanks to the growing demand for process automation technologies and continuous product innovations. Furthermore, stringent environmental standards along with the growing demand for analytical instrumentation in the wastewater and water management sectors are expected to drive the growth of the overall instrumentation and analytical systems market in the near future. Also in the food industry, these high-precision instruments are often used to maintain quality. For example, advanced liquid analyzers are used in breweries to monitor oxygen levels during the fermentation process, which also helps prevent substances from oxidizing, thereby increasing the shelf life of beer.

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 bias and allows for easy control and monitoring of data. Furthermore, the growing use of analytical tools in biotechnology is expected to further drive the growth of this market.

MARKET OPPORTUNITIES

The market is expected to have growing new growth opportunities with rise in demand for the use of new and advanced analytical equipment and devices along with the special features. Also, due to the high adoption rate of precise analytical instruments and the growing biotechnology industry, these regions are expected to be a potential market in the near future. Additionally, major pharmaceutical companies today are outsourcing their drug development services to various countries like China, Singapore, Malaysia, and India, which is expected to create new opportunities for the market players during the projection period.

MARKET RESTRAINTS

The Asia Pacific Process Analytical Instrumentation Market is expected to have market restraints in terms of the excessive costs related to the maintenance of instruments and the rise in market consolidation which is developing as a restriction for new companies to access and are creating boundaries for the market growth. These are the elements which are predicted to restrain the market growth during the mentioned forecast period.

MARKET GROWTH CHALLENGES

The Asia Pacific Process Analytical Instrumentation Market is expected to face challenges when it comes to the high cost involved in the manufacturing of analytical instruments. Also, a lack of skilled workforce in certain low-income nations is expected to pose a key challenge which may result in restricting the growth of the market over the projected time period.

CUMULATIVE GROWTH ANALYSIS

The report provides in-depth analysis of Asia Pacific 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.

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ASIA PACIFIC PROCESS ANALYTICAL INSTRUMENTATION MARKET SEGMENTAL OVERVIEW

The Asia Pacific Process Analytical Instrumentation market comprises of different market segments like type, end-user, application and geography.

ASIA PACIFIC PROCESS ANALYTICAL INSTRUMENTATION MARKET BY TYPE

By type, the Asia Pacific Process Analytical Instrumentation market includes the key segments of 
  • Gas Chromatographs
  • Gas Analyzers
  • Liquid Analyzers
  • Spectrometers 
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.

ASIA PACIFIC PROCESS ANALYTICAL INSTRUMENTATION MARKET BY END-USER

By end-user, the Asia Pacific Process Analytical Instrumentation market includes the key segments of 
  • Oil and Gas
  • Chemicals and Petrochemicals
  • Pharmaceutical and Biotechnology
  • Metal and Mining
  • Water and Wastewater
  • Others
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.

ASIA PACIFIC PROCESS ANALYTICAL INSTRUMENTATION MARKET BY COUNTRY

The Asia Pacific Process Analytical Instrumentation market is studied for the following countries 
  • China
  • India
  • Japan
  • Rest of Asia Pacific
China is expected to dominate the Asia Pacific region over the estimated time period. The increase in prevalence of cancer and other chronic diseases has led to rise in demand for advanced instruments and devices for analytical and diagnostic purposes. Also, a significant government support for advancement in biotechnological domain and growing demand for innovative R&D activities is expected to drive market growth in China over the forecast period. 
Also, India is expected to witness significantly high growth in over the forecast period.  Growing research and development in advanced technologies in research institutes aims to support the growth of the market in India. Furthermore, the need for advanced analytical instruments and favourable regulatory policies complements the market growth in the country.

COVID-19 IMPACT ANALYSIS ON ASIA PACIFIC PROCESS ANALYTICAL INSTRUMENTATION MARKET

A 360 degree analysis of micro and macro-economic factors on the Asia Pacific Process Analytical Instrumentation market is provided in this exclusive report generated by Axiom MRC. In addition, complete analysis of changes on the Asia Pacific 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. 
COVID-19 has definitely had a significantly negative impact due to factors such as stringent lockdown measures and massive supply chain disruptions. This has definitely caused as a restriction to market growth. These instruments are very beneficial with various analytical and diagnostic purposes. During the COVID-19 outbreak, the need for accelerated clinical trials has increased dramatically and various experts are expecting tremendous progress from the clinical community. The most widely used procedural engineering study is fuel chromatography. This is the most commonly used technique for fuel studies because it allows you to test multiple components at the same time. Additionally, factors like key government initiatives, increase in R&D spending, and rise in healthcare expenditure undoubtedly have had a positive effect on the Asia Pacific Process Analytical Instrumentation market. The focus on all these aspects has increased during the COVID-19 phase. 

COMPETITIVE LANDSCAPE ANALYSIS

The competitive landscape analysis of the Asia Pacific Process Analytical Instrumentation market is majorly focused on expanding the growth of Process Analytical Instrumentation in Asia Pacific 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 
  • Focused Photonics Inc.
  • Horiba Ltd
  • Siemens AG
  • ABB Ltd
  • KROHNE Messtechnik GmbH
  • Emerson Electric Co
  • Rockwell Automation, Inc.
  • Yokogawa Electric Corporation
  • Schneider Electric
  • Neo Monitors AS
  • Honeywell International Inc.
  • Endress & Hauser AG
  • Extrel CMS LLC
  • MKS Instruments Inc.
  • Hach Company


RECENT DEVELOPMENT:

February 2022: ABB India had launched a new series of electrical measuring and power monitoring meters.  With this introduction, ABB India offers a comprehensive portfolio in addition to the existing range of single, multifunction meters and network analysers, catering to the Panel Meter market across industries such as healthcare, hospitality, infrastructure etc.
November 2021: Schneider Electric had launched its sustainability engagement initiative in India, Green Yodha to encourage and support businesses, industries and individuals to come together and take concrete climate action.

ASIA PACIFIC PROCESS ANALYTICAL INSTRUMENTATION MARKET SUMMARY

The Asia Pacific Process Analytical Instrumentation market comprises of different market segment like type, end-user, application and geography. By type, the Asia Pacific 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 market in the Asia Pacific region is studied for countries like China, India, Japan and the Rest of Asia Pacific (Singapore, Vietnam, Malaysia, Australia, Thailand, Philippines and South Korea among other countries). China is expected to dominate the Asia Pacific region over the estimated time period.

SCOPE OF THE REPORT:

Market Sizing for Year:
2019-2028
Base Year:
2021
Forecast Period:
2022-2028
Value:
USD million
Market Segment studied:

Type

End-user

Country
Market Players and its Competitors:

Focused Photonics Inc.

Horiba Ltd

Siemens AG

ABB Ltd

KROHNE Messtechnik GmbH

Emerson Electric Co

Rockwell Automation, Inc.

Yokogawa Electric Corporation

Schneider Electric

Neo Monitors AS

Honeywell International Inc.

Endress & Hauser AG

Extrel CMS LLC

MKS Instruments Inc.

Hach Company

FREQUENTLY ASKED QUESTIONS

What is the study period for the Asia Pacific Process Analytical Instrumentation market?

The study period for the market is 2022-2028.

Which is the leading end-user for the Asia Pacific 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 (2021-2028)?

China is expected to gain major market share during the forecast period (2021-2028).