Moisture Analyzer Market Expected to Reach $2.27 Billion By 2030

According to a recent report published by Allied Market Research, titled, “Moisture Analyzer Market By Type, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030”, the moisture analyzer market size will reach $2.27 billion by 2030 at a CAGR of 3.8% from 2021 to 2030. By type, Desktop-mounted accounted more market share than $784.2 million in 2020, and is expected to maintain this trend during the forecast period.

Rise in demand for moisture analyzers in the healthcare industry, increase in awareness for protection & maintenance of industrial products and high demand from food & beverage sector are the factors that drive the growth of the moisture analyzer market. However, lack of skilled labor hinders the market growth. Surge in demand for in-line moisture analyzers in the automation industry is expected to be opportunistic for the moisture analyzer market growth.

By type, it is fragmented into desktop-mounted, handheld, and in-line. The In-line segment is expected to witness the fastest growth at a CAGR of 5.3% during the forecast period. By end user, the moisture analyzer market is divided into petroleum and chemical, pharmaceutical, food and beverage, wood, paper and pulp, semiconductor, and others. The food and beverage sector is the fastest growing application segment with the CAGR of 4.6%, with highest revenue that accounted for $528.5 million in 2020, during the forecast period.

By region, the moisture analyzer market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America was the highest revenue contributor that was valued at $649.2 million in 2020. This region is further expected to attain a market value of $852.0 million by 2030, to grow at a CAGR of 3.0%. Moreover, Asia-Pacific is expected to maintain its dominant position during the forecast period.

COVID-19 Impact Analysis

COVID-19 has caused the overall semiconductor industry to mobilize quickly and make short-term decisions with long-term implications. Semiconductor companies operate in a complex ecosystem, working across the value chain with numerous raw materials, assembly, test, package, and equipment suppliers & partners across the globe.

Demand from the IT & telecommunication segment is expected to increase, owing to factors such as rise in broadband usage, higher demand for cloud services, and video streaming. In addition, in the medium to long term, COVID-19 is expected to further push the need for digital transformation and technologies, such as 5G, IoT, AI, and intelligent edge computing, for future optimization.

Some of the moisture analyzer manufacturers have witnessed temporary delays in production, increased costs, and revenue losses due to the pandemic. The manufacturing sector witnessed severe loss, and thus no new orders have been placed during the pandemic. In addition, this impact is estimated to continue till 2021. Moreover, international consumer electronics and moisture analyzer markets are in a very weak state, owing to lockdowns imposed to tackle the pandemic. Although the markets in the U.S. and Europe witnessed mild recovery in the second half of 2020, they are still significantly down on pre-crisis levels. Therefore, the moisture analyzer market is facing major obstacles from the emergence of COVID-19 pandemic.

The overall impact of the pandemic is impacting the production process of several industries, including semiconductor and electronics. Trade barriers are further constraining the demand and supply outlook. The overall production process is adversely affected as governments of different countries have already announced total lockdown and temporary shutdown of industries.

Key Findings of the Study

• In 2020, the desktop-mounted segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 3.2% during the forecast period.
• The food & beverage segment witness highest growth rate during the forecast period.
• U.S. was the major shareholder in 2020 in the North America moisture analyzer market. 

The key players profiled in the report include Ametek Inc., General Electric Co., Kett Electric Laboratory, Metrohm AG., Mettler-Toledo International Inc, PCE Instrument, Sartorius AG, Shimadzu Corp., SpectraSensors Inc., and Sinar Technology Inc. These key players have adopted several strategies, such as new product launch & development, acquisition, partnership & collaboration, and business expansion, to increase their footprint in the moisture analyzer industry during the forecast period