The analysts forecast global liquid analytical instruments market to grow at a CAGR of 6% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global liquid analytical instruments market for 2016-2020. In order to calculate the market size, it considers the revenue generated from the sales of liquid analytical instruments such as sensors and transmitters to various end-user industries such as water, chemical, oil and gas, power, pharmaceuticals, and other process industries.
The following companies are the key players in the global liquid analytical instruments market: ABB, Emerson Electric, Endress+Hauser, and Teledyne. Other prominent vendors in the market are: AMETEK, Analytik Jena, Danaher, GE, Honeywell, and Yokogawa Electric.
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According to the liquid analytical instrument market report a key growth driver is the need for real-time data monitoring. There has been an increasing need for real-time data monitoring in several end-user industries, such as the water treatment industry, to improve overall process efficiency. Major applications of liquid analytical instruments are found in all types of industrial manufacturing processes that require quick, accurate, and bias-free measurements and output. Numerous industries use liquid analytical instruments due to their ability to measure the real-time data online.
The global liquid analytical instrument market analyst key trend which is expected to boost market growth is the growing number of digital oil and gas fields. However, due to factors such as increasing energy demand from emerging countries, including China, India, Brazil, and Russia, stringent regulations imposed on the industry, and the declining oil reserves evident across the globe, the oil companies are exploring smarter ways to enhance productivity significantly and reduce costs at the same time. They are now gradually looking forward to the development of digital oil and gas fields - an application of digital technology along with in-field measurement devices, real-time data, and simulation models, coupled with complex algorithms to enhance productivity.
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Global Liquid Analytical Instruments Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Liquid Analytical Instrument consists of digital content and solutions that facilitate the learning of languages through ICT tools and platforms, such as mobile apps, e-Books, games, videos, audio clips, digital software, learning lab equipment, and online tutoring. These tools and avenues are interactive, allow real-time feedback, and enhance learning processes as they involve different formats to impart information. Among the languages spoken globally, English has emerged as the most preferred language to learn followed by Mandarin Chinese.
Further, the report states that one challenge that could restrict market growth is the absence of multidisciplinary analytical instruments. The search among end-user industries for the global liquid analytical instruments market for an all-in-one analytical instrument that can be used to test and analyze valuable data for several applications simultaneously is posing a challenge for vendors.
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