Dublin, Nov. 19, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/hd59hr/global_liquid) has announced the addition of the "Global Liquid Analytical Instrument Market 2012-2016" report to their offering.
Analysts forecast the Global Liquid Analytical Instrument market to grow at a CAGR of 6.39 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growing need for better analysis. The Global Liquid Analytical Instrument market has also been witnessing an evolution from laboratory technology to a process environment. However, the premium price of the instruments could pose a challenge to the growth of this market.
The key vendors dominating this market space are ABB Ltd., Emerson Electric Co., Endress+Hauser Management AG, Invensys plc, and GE Co.
The other vendors mentioned in the report are Danaher Corp., Honeywell International Inc., Mettler Toledo International Inc., and Yokogawa Electric Corp.
TechNavio recognizes the following companies as the key players in the Global Liquid Analytical Instrument Market: ABB Ltd., Emerson Electric Co., Endress+Hauser Management AG, Invensys plc, and GE Co.
Commenting on the report, an analyst from the engineering team said: ''With the increasing benefits of real-time data acquisition, the market is witnessing an evolution as suppliers move the liquid analytical instrument technology from the laboratory environment to the process environment. This trend is expected to increase the adoption of liquid analytical instruments in process industries. The use of liquid analytical instruments in the industrial manufacturing process results in precise and fast measurements, reduces unnecessary environmental impacts, decreases human error, and enables easy monitoring and control. Thus, the use of liquid analytical instruments in the process environment is expected to encourage increased adoption during the forecast period.''
According to the report, one of the major drivers in this market is the increasing need for real-time data acquisition. The analysis of information for measurements such as pH/ORP, chlorine/chloride, and conductivity/resistivity needs to be carried out during the industrial manufacturing process to avoid delays in the process time. End-users are increasingly using liquid analytical instruments because of their online data measurement ability.
Further, the report states that one of the major challenges in this market is the premium price of the analytical instruments.
For more information visit http://www.researchandmarkets.com/research/hd59hr/global_liquid
Source:Research and Markets