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The global ultraviolet analyzers market value is expected to increase from US$ 1.3 billion in 2023 to US$ 2.4 billion by 2033. Over the forecast period 2023 to 2033, global ultraviolet analyzer sales are likely to soar at 6.5% CAGR. In 2022, the worldwide UV analyzers industry was valued at US$ 1.2 billion.
The usage of ultraviolet analyzers is likely to remain high in gas applications. This is due to the ability of these analyzers to measure the concentration of harmful gasses across different sectors.
According to Future Market Insights (FMI), the gas segment is likely to dominate the global ultraviolet analyzers industry, exhibiting a CAGR of 6.4% through 2033. The target segment is set to create lucrative revenue-generation opportunities for ultraviolet analyzer manufacturers
Key Market-Shaping Factors
Growing usage of ultraviolet analyzers across pharmaceutical, oil & gas, chemical, and other sectors is providing impetus for market growth
Surging demand for ultraviolet analyzer technology in chemical and pharmaceutical sectors will likely fuel ultraviolet analyzer sales
The growing popularity of online ultraviolet analyzers is set to foster market development
Rapid penetration of industrialization is creating lucrative growth prospects for ultraviolet analyzer companies
High adoption of UV radiation technology in water and wastewater treatment methods is likely to positively impact the target market
Increasing applications of UV-Vis spectroscopy in fields such as clinical analysis, quality control processes, forensic laboratories, and the petrochemical sector will support market expansion
Ultraviolet analyzers are process analytic equipment used in emission monitoring processes in power plants, refineries, chemical sectors, and other verticals. These optical analyzers use ultraviolet radiation region of the electromagnetic spectrum.
Ultraviolet analyzers allow for non-destructible analysis and are gaining wider popularity due to their several advantages. They use UV absorption to perform an analysis.
Ultraviolet analyzers are useful for measuring the concentration of harmful gasses such as ammonia, sulfides, ozone, etc emitted from several industries. They have emerged as ideal solutions for continuous emission monitoring of components in gas and liquid applications.
Rising environmental concerns and the increasing need for continuous monitoring of harmful emissions will boost the target market.
The growing usage of ultraviolet analyzers for quality control and monitoring food products is another prominent factor expected to fuel market expansion.
Food & beverage companies employ ultraviolet analyzers for quality control of products as they enable the detection of adulteration, among other essential characteristics.
The rapid growth of the oil & gas sector is expected to uplift ultraviolet analyzer demand during the projection period.
In recent years, there has been exponential growth in the oil & gas sector due to rising energy demand globally. This in turn is creating a high demand for UV analyzers as they have become essential emission monitoring tools in the oil & gas sector.
Ultraviolet analyzers allow oil & gas companies to continuously monitor data related to emissions. They help them to comply with standards and regulations by controlling and monitoring pollutants released into the atmosphere.
Further, the rising adoption of online UV analyzers in the oil & gas sector for the real-time monitoring of reaction conditions of oil and gas will bode well for the market.
Leading companies are offering various UV-based gas analyzers to cater to a diverse range of sectors and applications. For instance, AMETEK offers several gas monitoring solutions such as the Ametek Model 888 Sulfur Recovery Tail Gas Analyser.
The Ametek Model 888 Sulfur Recovery Tail Gas Analyser uses UV technology to accurately monitor H2S and SO2 concentrations in sulfur recovery tail gas.
2018 to 2022 Global Ultraviolet Analyzers Sales Outlook Compared to Demand Forecast from 2023 to 2033
As per Future Market Insights' (FMI) latest report, global sales of ultraviolet analyzers grew at a CAGR of around 7.2% CAGR from 2018 to 2022. Accordingly, the worldwide market attained a valuation of US$ 1.2 billion at the end of 2022.
Looking ahead, the worldwide ultraviolet analyzers industry is anticipated to exhibit a CAGR of 6.5% CAGR between 2023 and 2033. It is set to generate an absolute $ opportunity of US$ 1.1 billion during the assessment period.
Rising demand for ultraviolet analyzers from various sectors including oil & gas, semiconductor, food & beverage, chemical, and pharmaceutical is driving the global market.
Ultraviolet analyzers have become critical equipment for monitoring and measuring liquids and gasses. They find applications across a wide range of sectors due to their various advantages.
The rising focus on improving environmental protection along with the implementation of strict environmental standards is expected to boost the global ultraviolet analyzers industry.
Growing concerns about environmental issues such as environmental pollution are putting ultraviolet analyzers into the spotlight. This equipment can help resolve environmental issues by measuring the concentration of various harmful gasses emitted from industries.
Robust expansion of oil & gas, chemical, and pharmaceutical sectors will positively impact ultraviolet analyzer sales during the assessment period.
Increasing usage of UV analyzers in the semiconductor sector for measuring the thickness and optical properties of thin films on a wafer will further boost the market.
What is the Demand Outlook for the United States Ultraviolet Analyzers Market?
Rising Applications in Oil & Gas Sector to Fuel Ultraviolet Analyzer Demand in the United States
According to Future Market Insights (FMI), the United States' ultraviolet analyzers industry size is projected to reach US$ 0.496 billion by 2033. From 2023 to 2033, sales of ultraviolet analyzers in the United States market are set to thrive at 6.4% CAGR.
By the end of 2033, the United States ultraviolet analyzers industry is projected to create an absolute $ opportunity of US$ 0.229 billion.
Rising demand for ultraviolet analyzers from oil & gas and pharmaceutical sectors is providing stimulus for the expansion of the United States market.
In recent years, the United States has emerged as one of the world’s leading producers of oil and gas. Total production of oil and gas in the country is expected to rise rapidly during the next two or three decades.
As per the USA Energy Information Administration (EIA), domestic production of petroleum and other liquids is estimated to rise at 17% CAGR while consumption is likely to increase at 15% from 2021 to 2050. This in turn is expected to create a conducive environment for the development of the ultraviolet analyzers industry.
Ultraviolet analyzers are being increasingly used by oil & gas companies for continuous monitoring of data related to emissions. Adoption of these analytic tools enables them to monitor and control pollutants and ensure that emissions do not exceed the defined threshold.
Similarly, the introduction of policies and regulations addressing industrial emissions is expected to uplift ultraviolet analyzer demand in the United States during the assessment period.
Competitive Landscape
Leading ultraviolet analyzer manufacturers listed in the report include Advanced UV Inc., Agilent Technologies Inc., Calgon Carbon Corp, ABB Ltd., Atlantic Ultraviolet Corp., AMETEK, Inc., Aquionics, Atlantium Technologies Ltd., Atlantic Ultraviolet Corp., Emerson Electric Co, and Evoqua Water Technologies LLC.
These key players are aiming at developing advanced UV analyzers with improved features for specific applications. Further, they are implementing strategies such as collaborations, acquisitions, agreements, partnerships, mergers, and to gain a competitive edge in the market.
Recent developments:
In April 2023, Agilent Technologies Inc. introduced the high-performance Cary 3500 Flexible UV-Vis System. It is a double-beam spectrophotometer with better photometric performance for diverse sample-type measurements.
In August 2022, new combustion maintenance kits for its WDG-IV, WDG-V, and WDG-HPII analyzers were launched by AMETEK Process Instruments.
In June 2021, Calgon Carbon Corporation and De Nora Water Technologies LLC signed a definite securities and asset purchase agreement. Under this agreement, Calgon will sell its Ultraviolet Technologies business to De Nora.
In November 2022, AMETEK Inc. completed the acquisition of Navitar, Inc. and RTDS Technologies Inc. These acquisitions will help the company to expand its high-end precision optics and power test & measurement capabilities.
In February 2021, advanced digital services for gas analyzers were started by ABB. The company is focused on providing advanced emission monitoring equipment and services to help end users meet strict environmental regulations. The new services enhance the benefits of preventive maintenance.
These insights are based on a report on
ultra violet lamps market
by Future Market Insights
Source: Email/GFMM
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