Moisture Analyzer Market size exceeded USD 1.6 billion in 2021 and is estimated to witness a 5.9% CAGR through 2028 owing to the rising process automation leading to notable demand for moisture analysis, technological advancements, and the need for longer lifespan & maintenance-free products among others. The adoption of highly precise products and growing innovation are projected to stimulate the industry revenue positively in the coming years.
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The demand for portable equipment is expected to increase owing to significant applications in a real-time environment, for the detection of the percentage of a particular moisture component. The developments in instrumental techniques such as Karl Fischer titration, near-infrared, etc. concerning safety test procedures will spur the business growth positively.
|Moisture Analyzer Market Size in 2021:
|USD 1,633.2 million
|2022 to 2028
|Forecast Period 2022 to 2028 CAGR:
|2028 Value Projection:
|USD 2,448.3 million
|Historical Data for:
|2017 to 2021
|No. of Pages:
|Tables, Charts & Figures:
|Equipment Type, Technique, Application, and Region
|Pitfalls & Challenges:
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Moisture analyzers are also known as moisture balance or moisture meters that perform a significant role in the analysis of the moisture content of a sample. This equipment commonly consists of weighing and heating units. The moisture analyzers are widely adopted among several verticals such as pharmaceuticals, research & academics, food & beverage, etc.
However, stability and reliability issues related to moisture analyzers may hamper the industry growth. Precise analysis is an important factor as is considered crucial thus, insufficiency or inaccuracy in moisture analysis can lead to inappropriate outcomes resulting in certain other complications. Unfavourable temperature condition also has an impact on the instrument's electrolysis time, speed, reliability, and stability.
In some devices, the sudden temperature rise may cause the reagent to become volatile, resulting in its loss. In a few cases, variables such as incorrect adjustment of the heating unit, mechanical defects in the weighing unit, wrong sample preparation, or other operator errors also cause stability and reliability issues. Although, several industry players are emphasizing incorporating innovative approaches to attain highly accurate moisture testing to minimize the above-mentioned disadvantages associated with moisture analyzers.
The COVID-19 pandemic has rendered a negative impact in the early 2020 on the moisture analyzer industry. Since most of the leading nations across the globe imposed a total lockdown, the focus was shifted to the rise in demand for essential industrial products and services, that decreased the manufacturing and demand for some non-essential industrial products comprising metal products.
This COVID-19 pandemic has also resulted in the shutdown of food manufacturing companies and other food services. In April 2020, several government bodies comprising the U.S. FDA and the European Commission among others issued guidelines for restaurants and food manufacturers on rapid shut-down procedures in the wake of the pandemic. As a result, slowed down in the moisture analyzer market growth was witnessed especially around mid-2020.
However, the food companies are emphasizing developing effective packaging for their products to meet newly issued laws & regulations that will extend the shelf life & quality of the products. Thus, the growing focus on freshness and food safety has augmented the demand for a product that provides a rapid and efficient way to verify moisture contents in food and packaging material.
This pandemic has also highlighted & augmented the adoption of innovation & novel technologies in different sectors such as plastic & polymer, chemical & petroleum, etc. to boost their production capabilities. Thus, the COVID-19 pandemic has impacted the moisture analyzer market in the shorter run; however, the declining COVID-19 infection rates & patients and rising production facilities are set to facilitate market growth in the coming years.
The increasing adoption of moisture analyzers is anticipated to proliferate market growth in the coming years. This equipment is proved to be an ideal instrument to perform moisture analytical tests. Additionally, ongoing advancements have favored the evolution of these devices that offer automatic, robust, high quality, fast, and error-free moisture analysis, using the maximum degree of precision and measurement performance.
These devices are also in high demand in the food and beverage industries. Food and beverage products are highly perishable, and moisture can quickly degrade them. For instance, the U.S. FDA mandates the practice of moisture analyzers in food & beverage companies as higher levels of moisture may lead to contamination and affect the food quality.
Furthermore, moisture is a crucial parameter concerning the development of bulk solid pharmaceutical solutions. The manufacturing mechanism of advanced drugs is a complex process, and during a process that has essential phases that occur over multiple days, rapid and precise determination of moisture content is critical.
Moreover, the need for these devices in pharmaceutical sector is expected to experience substantial growth trend in the coming years. This substantial demand is pertaining to the factor that pharmaceutical product quality, effectiveness and shelf-life is based on the water content that facilitates imperative water determination in pharmaceutical analysis. For pharmaceuticals, the water content in solid dosage forms such as tablets and lyophilized substances is overlooked closely. For the latter, the regulatory guidelines mandate that the moisture content is required to be lower than 2%.
The ongoing trend for continuous drug product manufacturing demands novel, cost-effective process analytical techniques (PAT) to assure efficient control of processing. Near infrared is regarded as an optimal tool for process analysis technology. For pharmaceutical uses, it has proven to be an efficient mechanism for collecting crucial chemical information to develop process understanding and contribute to the novel process development & for process monitoring and regulation during the drug manufacturing processes. Hence, owing to the above factors increasing demand for the product is set to prove beneficial for the moisture analyzer market growth.
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Based on equipment type, the market is segmented into desktop-mounted, handheld, and in-line. The desktop-mounted segment was valued at more than USD 770 million in 2021 owing to soaring demand and rising awareness regarding the benefits offered by desktop-mounted devices in moisture analysis procedures. The advent of a novel desktop-mounted moisture analyzer equipped with unique differential measurement principles is ensuring reliable performance in critical moisture applications.
These types of analyzers are easily adjustable to match the convenience and provide satisfactory outcomes. This equipment also delivers mobility to a certain extent. Moreover, these moisture analyzers provide a wide variety of operational versatility and the ability to employ a set of moisture analysis techniques. Thus, the soaring demand and availability of innovative desktop-mounted equipment are set to facilitate moisture analyzer market statistics incrementally.
Based on technique, the market is segmented into Karl Fischer Titration, loss on drying (LoD), capacitance, near-infrared, and others. The near-infrared segment is poised to register 6.6% CAGR from 2022 to 2028 due to rising demand and increasing awareness related to extensive advantages delivered by the near-infrared (NIR) technology for the continuous monitoring of industrial products. The availability of a broad range of near-infrared moisture analyzers for performing moisture analysis with proven accuracy is also fuelling product preference worldwide.
The incorporation of near infrared moisture meters is profound and have established their place in the various industries, as they are pragmatic, time-efficient, and easy to use. NIR moisture meters feature characteristics such as non-destructive, contactless, and better versatility, operating in several conditions, with both liquids & solids. Also, these devices are available in handheld, desktop, and in-line versions for better convenience and versatility, addressing the consumer needs.
The capacity to overview the residual moisture content after drying is possible with near-infrared meters. The ongoing trend for continuous drug product manufacturing demands novel, cost-effective process analytical techniques (PAT) to assure efficient control of processing. Near infrared is regarded as an optimal tool for process analysis technology.
For pharmaceutical uses, it has proven to be an efficient mechanism for collecting crucial chemical information to develop process understanding and contribute to the novel process development & for process monitoring and regulation during the drug manufacturing processes. Thus, continuous advancements and development in equipment used in moisture analysis procedures would help to maintain steady growth and continue to expand the market in the coming years.
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Based on application, the market is segmented into food & beverage, pharmaceuticals, chemical and petroleum, research & academics, metal & mining, semiconductor, plastic & polymer, and others. The food & beverage segment is estimated to surpass USD 649 million by 2028 due to the surging adoption of moisture analyzers in food & beverage industries to maintain optimum safety & quality. For instance, the food safety certifications and compliance issued by the U.S. FDA is driving the adoption of the product in food processing companies and food service organization to enhance the accuracy of moisture analysis.
The growing prevalence of foodborne ailments is also contributing to segmental growth. As per the World Health Organization report (WHO) 2020, an estimated 600 million individuals fall ill after eating contaminated food every year worldwide. This considerable disease burden and awareness regarding food safety tests is augmenting the demand for food moisture analysis using moisture analyzers. This has a significant impact on variables including the product’s taste, texture, appearance, shape, and weight. Thus, numerous advantages delivered by the product in the food & beverage sector are anticipated to expedite the market growth.
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U.S. market is anticipated to reach more than USD 663 million by 2028 due to several factors such as the presence of major business players, an increase in the demand for moisture analyzers, etc. The presence of prominent players such as Sartorius AG, and Mitsubishi Chemical Holdings Corp. among others is engaged in new product development & commercialization that facilitates the industrial expansion in the region.
According to the Center for Diseases Control Prevention (CDC) data 2020, an estimated around 48 million people get sick from a foodborne ailment every year in the U.S. These statistics are highlighting the surging need for the product in food safety & quality testing and in academic & research institutes for more precise qualitative and quantitative moisture analysis results.
Some of the major market players operating in the moisture analyzer industry are :
and Baker Hughes Company
These market players concentrate on strategic developments such as partnerships, new product launch & commercialization, vertical integration for business expansion. Furthermore, these players are heavily investing in R&D activities that enables them to innovative & capitalize on these products that further helps to garner maximum revenue in the moisture analyzer market.
Recent industry developments:
Moisture analyzer market report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2022 to 2028, for the following segments:
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By Equipment Type
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