The mercury analyzer market is expected to grow
from USD 224.6 Million in 2018 to USD 315.1 Million by 2023, at a CAGR of 7.0%
during the forecast period. The market is mainly driven by factors such as an
increase in the number of regulations pertaining to environment protection, active
participation of government and regulatory bodies to monitor environmental
conditions, and increase in government funding for pollution monitoring and
control. However, growing public awareness about healthcare implications of
environmental pollution and rising focus on ensuring the quality of food
products are also expected to boost the growth of the market. In addition,
increase in industrial activities in emerging markets is expected to offer
high-growth opportunities for players operating in the market.
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 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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