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.
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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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