The mercury
analyzer market size is projected to reach USD 315 million by 2023
from an estimation of USD 225 million in 2018, at a CAGR of 7.0%. The key
factors driving this market include increasing environment protection
regulations and active government participation and regulatory bodies to
monitor environmental conditions. Furthermore, underlying opportunities in this
space include increasing industrialization in emerging markets.
Based
on type, cold vapor atomic absorption (CVAA) to hold the larger market share of
mercury analyzer market
The
CVAA being the traditional and most used method of mercury analysis is widely
used across various industries, such as mining, cement, and food, for
determining the total mercury content in a given sample. Owing to its ease of
operation and widespread acceptance, the CVAA mercury analyzer is expected to
lead the market during the forecast period. This technology is used for the
qualitative and quantitative determination of heavy metals. Teledyne Leeman
Labs (US), Mercury Instruments (Germany), and Lumex Instruments (Canada) are
some of the companies that offer CVAA technology
The
mercury analyzer market for environmental monitoring is expected to hold
the largest shareholder of this market in coming years
The
market for mercury analyzers used for environmental monitoring is expected to
hold the largest market share market during the forecast period. Stringent
environment monitoring regulations and norms pertaining to monitoring mercury
emission worldwide are the major drivers of this market. Mercury analyzers are
used in environmental monitoring applications for sampling air, water, and
soil. There is a high requirement for environmental monitoring and testing of
various contaminants, with a primary focus on reducing emissions and preventing
humans and environment from toxic chemicals exposure.
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APAC
to account for the largest market size during the forecast period
Asia Pacific accounted for the largest share
of the market in 2017. The market in APAC has been segmented into China, India,
Japan, and Rest of APAC. Industrial transformation, Growth in awareness
regarding environmental pollution and effects of mercury on health and sustainable
transformation of environmental policies are some of the factors driving the
growth of this market in the region. Food security standards are getting
stringent year-on-year to ensure safer supply of food to individuals in local
and foreign countries. Since China, India, and Australia are large exporters of
food products to the developed countries of North America and Europe (which are
cautious about the quality of products imported from APAC), the governments of
these exporting countries have enforced various regulations for producers and
regulators to maintain desired quality and standard of the food products.
Teledyne Leeman Labs (US), Tekran (Canada),
Thermo Fisher Scientifc (US), PerkinElmer (US), Milestone (US), Analytik Jena
(Germany), Nippon Instruments (Japan), Hitachi High-Technologies (Japan),
Mercury Instruments (Germany), and Lumex Instruments (Canada), Brooks Rand
Instruments (US), Buck Scientific (US), LECO Corporation (US), Northern Arizona
University (US), Hiranuma Sangyo (Japan) are a few major players in
the mercury analyzer market.
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