Global Particle Counters Market is Projected to Grow at a CAGR of 11.0% During the Forecast Period, 2019-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 29, 2020--
The “Particle Counter Market by Type (Airborne, Liquid), Application (Cleanroom Monitoring, Contamination Monitoring of Liquids, IAQM), End User (Life Sciences & Medical Devices, Semiconductor, Automotive), Region - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
The particlecounters market is projected to grow at a CAGR of 11.0% during the forecast period, to reach USD 580 million by 2024 from USD 340 million in 2019.
The growth in this market is driven by the robust growth in applied markets, the favorable regulatory scenario, and growing focus on the quality of food products. In addition, emerging economies (such as Brazil, Russia, India, South Korea, and China) are expected to offer lucrative growth opportunities for market players. However, the high cost and technical limitations of particle counters are adversely impacting the growth of this market.
The portable particle counters segment accounted for the larger share of the airborne particle counters market, by type, in 2018.
On the basis of type, the market is segmented into portable particle counters, handheld particle counters, remote particle counters, and condensation particle counters. The portable particle counters segment is estimated to command the largest share of the airborne particle counters market in 2018; it is also expected to register the highest CAGR during the forecast period. The advantages associated with portable particle counters, such as high sensitivity and flow rate, are driving the demand for portable particle counters.
By type, the online/inline particle counters segment accounted for the largest market share in 2018.
Liquid particle counters are further segmented into online/inline particle counters and offline particle counters. Online/inline particle counters commanded the largest share of the liquid particle counters market in 2018; this segment is also expected to register the highest CAGR during the forecast period. The large share of this segment can be attributed to the advantages associated with these devices, such as online sampling and continuous condition monitoring. Furthermore, growth in the pharmaceutical and semiconductor industries, which require continuous monitoring of fluids, is also expected to support growth in this market segment.
By end user, the life sciences & medical device industry segment accounted for the largest market share in 2018.
On the basis of end user, the market is segmented into the life sciences & medical device industry, semiconductor industry, automotive industry, aerospace industry, food & beverage industry, and other end users. In 2018, the life sciences & medical device industry segment accounted for the largest share of the particle counters market. Market growth is largely driven by the growing volume of compounds to be detected for the presence of impurities in pharmaceutical samples, increasing production of pharmaceutical formulations, stringent safety regulations, and increased R&D expenditure.
The increase in pharmaceutical manufacturing outsourcing from the Asian region and the establishment of new manufacturing facilities by global pharmaceutical giants in newer geographies are also propelling the demand for particle counters in this end-user segment.
The market in the APAC region is expected to witness the highest growth during the forecast period.
The particle counters market in the APAC is expected to witness the highest CAGR during the forecast period. This can be attributed to the tremendous growth in the pharmaceutical, food & beverage testing, and medical device industries; increasing R&D funding; growing number of CROs; favorable government initiatives to promote the pharmaceutical and biopharmaceutical industries; and growing concerns about environmental monitoring & food safety.
Reasons to Buy the Report:
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a greater share. Firms purchasing the report could use one, or a combination of the below mentioned five strategies for strengthening their market presence.
This report provides insights on the following pointers:
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Research Approach
2.2 Market Size Estimation
2.3 Data Triangulation Approach
2.4 Market Share Analysis
2.5 Assumptions for the Study
2.6 Research Limitations
3 Executive Summary
4 Premium Insights
4.1 Market Overview
4.2 North America: Market, By Type, 2018
4.3 Geographical Snapshot of the Market
5 Market Overview
5.2 Market Dynamics
6 Market, By Type
6.2 Airborne Particle Counters
6.3 Liquid Particle Counters
7 Market, By Application
7.2 Cleanroom Monitoring
7.3 Contamination Monitoring of Liquids
7.4 Indoor Air Quality Monitoring
7.5 Aerosol Monitoring and Research
7.6 Chemical Contamination Monitoring
7.7 Drinking Water Contamination Monitoring
7.8 Other Applications
8 Market, By End User
8.2 Life Sciences & Medical Device Industry
8.3 Semiconductor Industry
8.4 Automotive Industry
8.5 Aerospace Industry
8.6 Food & Beverage Industry
8.7 Other End Users
9 Market, By Region
9.2 North America
9.4 Asia Pacific
9.5 Rest of the World
10 Competitive Landscape
10.2 Market Share Analysis (2018)
10.3 Competitive Leadership Mapping
10.4 Competitive Scenario
11 Company Profiles
11.1 Particle Measuring Systems, Inc.
11.2 Beckman Coulter
11.3 Rion Co., Ltd.
11.4 Lighthouse Worldwide Solutions, Inc.
11.5 TSI Incorporated
11.6 Climet Instruments Company
11.7 Kanomax Usa, Inc.
11.8 Met One Instruments, Inc.
11.9 Particle Plus, Inc.
11.10 Setra Systems
11.12 Chemtrac, Inc.
11.13 HAL Technology
11.14 Veltek Associates, Inc.
11.15 PCE Instruments UK Ltd.
11.16 Other Companies
11.16.1 Graywolf Sensing Solutions
11.16.2 Extech Instruments
11.16.3 Palas GmbH
11.16.4 HYDAC International
11.16.5 Fluke Corporation
For more information about this report visit https://www.researchandmarkets.com/r/2qacbq
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INDUSTRY KEYWORD: TECHNOLOGY BIOTECHNOLOGY HEALTH SEMICONDUCTOR
SOURCE: Research and Markets
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PUB: 01/29/2020 08:47 AM/DISC: 01/29/2020 08:47 AM