Regulations, rising skilled-labor costs, process control, and replacements stimulate growth
The established U.S. water and wastewater analytical instrumentation market has high saturation levels along with very few recent technological innovations. Nonetheless, slow and steady growth is anticipated, driven mainly by federal and state level regulations. Continuous analytical instruments will increasingly replace laboratory instruments due to their reliability.
New analysis from Frost & Sullivan’s (http://www.environmental.frost.com) Analysis of the United States Water and Wastewater Analytical Instrumentation Market research finds the water and wastewater analytical instrumentation market earned revenue of $275.3M in 2012 and estimates this to reach $330.7 million in 2018. Falling prices and the increasing value for instruments will likely be a driver through the forecast period. The analysis covers pH/oxidation-reduction potential (ORP), conductivity, turbidity, and total organic carbon (TOC) instrumentation.
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“Larger, municipal end-users are finding their budgets cut each year,” said Energy and Environment Industry Analyst Eric Meliton. “Many customers cannot afford to employ staff that is sufficiently well trained in the use and maintenance of complex instruments. Automated, continuous analytical instruments are simple to use and help reduce long-term costs.”
Several industries use analytical instruments to maximize efficiency and reduce costs through process control, with many larger plants investing in these instruments to reduce labor costs. By using these tools, industries can constantly monitor their processes, detect errors, and make changes immediately. There is little new industrial growth in the United States, but plants that must modernize and become more efficient often invest in online instruments.
“In recent years, there has been a push for replacement of lab instruments with portable and online instruments,” confirmed Meliton. “Laboratory instruments have become far less attractive in any market, where portable and online instruments provide easy-to-use touch-screen controls to a non-technical workforce.”
Going forward, demand is expected to increase for multiparameter instruments. Since end-users in this market typically prefer purchasing products from a single manufacturer, large companies will consolidate and increase their customer base by acquiring specialized companies.
“Successful analytical instrumentation companies in the U.S. developed the ability to meet all of a customer’s needs,” noted Meliton. “This is by providing inexpensive instruments that require minimal maintenance or skilled labor.”
Analysis of the United States Water and Wastewater Analytical Instrumentation Market is part of the Environmental Growth Partnership Services program, which also includes research in the following markets: Global Water and Wastewater Filtration Systems Market, CEO 360 Degree Perspective on the Global Membrane-based Water and Wastewater Treatment Market, and Global Water and Wastewater Disinfection Systems Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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SOURCE: Frost & Sullivan