Los Angeles, October 29, 2019 –The demand for mercury analyzers is projected to spike in the coming years as the globe grapples to tackle the ever-aggravating problem of pollution. Mercury pollution poses a serious threat that spreads beyond continental borders, pushing each nation to introspect and invest in right equipment. Mercury analyzer are used in industrial zones to detect the level of mercury elements in air, solids, and gases. Enforcement of stringent regulations to monitor environmental pollution in various parts of the world is likely to grow the adoption of mercury analyzer.
The new report published by QY Research, titled, “Global Mercury Analyzer Market Research Report 2019” provides an in-depth analysis of the market by analyzing the key changes in the market dynamics, and regional analysis. As per the report, the global mercury analyzer market will cross over US$90 mn by 2025, with a registered CAGR of more than 4% throughout the predicted period.
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Increased Government Involvement in Controlling and Monitoring Environmental Pollution to Boost Market
The increasing government participation to curb environmental pollution and its harmful effects is expected to propel the demand for mercury analyzers. Rising environmental concerns and growing mercury pollution, especially in fish species and shell fish, have become a massive health hazard. Rising industrialization and urbanization have created major levels of pollution in city areas, which has upped the installation of mercury analyzers. These serve as an excellent tool to identify harmful levels of poisonous levels of mercury in natural gas, spillage, and atmosphere in workplaces.
In addition, food safety has become a key factor for consumers, which is pushing manufacturers to produce high-quality food products that are healthy to consume. Presence of harmful mercury elements and adulteration in packaged food products is also expected to bode well for the market.
Environmental Protection Industry Segment Grabs Significant Share
The application segment includes petrochemical industry, environmental protection industry, food industry and others. Environmental protection industry segment is likely to hold the largest market share in the mercury analyzer market. This is due to stringent government regulations and the norms to keep the mercury emissions within limits set by international committees to safeguard ecosystems.
Cold Vapor Atomic Absorption Mercury Analyzer Segment Thrives
Based on type, the global mercury analyzer market is segmented into cold atomic fluorescence mercury analyzer and cold vapor atomic absorption mercury analyzer. Out of these, the cold vapor atomic absorption mercury analyzer segment will lead the market. These analyzers are easy to use and are thus easily accepted. They are extensively used in industries such as food, cement, and mining for assessing levels of mercury elements.
Asia Pacific to Hold the Largest Market Share in the Global Mercury Analyzer Market
Asia Pacific will witness promising growth in the mercury analyzer market due to emerging economies of India and China that are focused on improving their manufacturing activities. Establishment of several automotive units, initiatives such as “Make in India”, and high priority to production of a variety of items has spiked environmental pollution in these countries. This has created a major health hazard for the citizens by fueling the release of mercury emissions. All of these factors is expected to propel the sales of mercury analyzers in the Asia Pacific market during the forecast period.
In addition, North America is also likely to hold the largest market share in the global mercury analyzer market. Growing demand by consumers for better food safety is driving the sales for mercury analyzers used for determining mercury poisoning. Thus, rise of packaged food industry and stringent government regulations for the food security are expected to bolster demand for product.
Global Mercury Analyzer Market: Key Players
The major players that are operating in the global mercury analyzer market are Juchuang, TELEDYNE LEEMAN, Kaiyuan, NIC, Beiguang, Milestone, Haiguang, LUMEX, Huaguang, Mercury-instruments, LECO Corporation, Perkin Elmer, BUCK Scientific, Analytik Jena, Thermo Scientific, HITACHI, and TEKRAN.
Global Mercury Analyzer Market: Competitive Landscape
The global mercury analyzer market is consolidated due to presence of few players in the market. Companies are focusing on launching sophisticated products to make their footprint stronger in the global mercury analyzer market. For instance, Tekran launched MerPas, a low cost mercury monitoring solution. It comes with multiple mounting options, requires no power, technical expertise, or infrastructure. Such brilliant, energy-saving devices are expected to improve the visitbility and demand for products in the severely competitive market.
· Constant participation of government and regulatory bodies to monitor environmental conditions to boost market .
· Asia Pacific will remain a promising market over the forecast period.
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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