[115
Pages Report] The mercury
analyzer market was valued at USD
211.4 Million in 2017 and is estimated to reach USD 315.1 Million by 2023, at a
CAGR of 7.0% during the forecast period. The base year considered for this
study is 2017, and the forecast period considered is between 2018 and 2023.
The
mercury analyzer market has been segmented on the basis of type into cold vapor
atomic absorption and cold vapor atomic fluorescence. Cold vapor atomic
absorption (CVAA) is expected to lead the market during the forecast period
owing to its wide acceptance across various industries, such as mining, cement,
and food, for determining the total mercury content in a given sample. CVAF is
expected to grow with a highest rate during the forecast period.
Moreover,
the market is segmented on the basis of end use into environment monitoring
(air, water, and soil); food; oil, gas, & petrochemical; healthcare; and
others. Among all the end uses, environment monitoring is leading in terms of
market share as well as expected to grow at the highest rate. Stringent government regulation to monitor
and control mercury emission into atmosphere is the major factor driving the
growth of this segment during the forecast period.
The
mercury analyzer market has been segmented on the basis of region into North
America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). APAC is
estimated to be leading and the highest growing market for mercury analyzers
due to increased mercury emission from growing industrialization and stringent
regulations governing mercury emission and control. The increasing regulations
pertaining to environment protection, along with active participation of
government and regulatory bodies to monitor environmental conditions, and
increased government funding for mercury pollution monitoring and control are
the major factors contributing to the market growth in this region. Countries
such as China, Japan, and India are the major revenue contributors to the
market in this region.
The
mercury analyzer market is moderately competitive with limited global and local
market players operating into the market. The key players operating in the
market covered in this report are Teledyne Leeman Labs (US), Tekran (Canada),
Thermo Fisher (US), PerkinElmer (US), Milestone (US), Analytik Jena
(Germany), Nippon Instruments
(Japan), Hitachi High-Technologies
(Japan), Mercury Instruments (Germany), and Lumex (Canada), among others.
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