CHICAGO, May 8, 2024 /PRNewswire/ -- The mercury
analyzer market is expected to grow from USD
310 million in 2024 to USD 426
million by 2029, at a CAGR of 6.6% during the forecast
period according to a new report by
MarketsandMarkets™. The implementation of stringent
regulations by governments and environmental agencies to monitor
and limit mercury emissions and growing awareness about the harmful
effects of mercury pollution on human health and the environment
are significant factors. Furthermore, increasing industrialization
and urbanization in emerging economies, coupled with the emerging
application of mercury analyzers in the research field, generates
opportunities for market growth.
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Browse in-depth TOC on "Mercury Analyzer
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150 – Tables
50 – Figures
200 – Pages
Mercury Analyzer Market Report Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$ 310 million
|
Estimated Value by
2029
|
$ 426 million
|
Growth Rate
|
Poised to grow at a
CAGR of 6.6%
|
Market Size Available
for
|
2020–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Type, Monitoring
Type, End-Use Industry and Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Key Market
Challenge
|
Complexity of sampling
and analytical procedures
|
Key Market
Opportunities
|
Increasing
industrialization and urbanization in emerging markets
|
Key Market
Drivers
|
Growing regulations for
environmental protection
|
Cold Vapor Atomic Fluorescence segment is expected to grow at
the highest CAGR during the forecast period.
The Cold Vapor Atomic Fluorescence segment is expected to grow
at the highest CAGR during the forecast period. Advancements in
technology have refined cold vapor atomic fluorescence analyzers,
enhancing their sensitivity and precision, which is essential for
industries and regulatory bodies adhering to increasingly stringent
environmental standards. Additionally, rising concerns about
mercury contamination across various ecosystems and its detrimental
effects on human health fuel the demand for more sophisticated
detection methods, thereby increasing the adoption of cold vapor
atomic fluorescence analyzers. Furthermore, their versatility
across different industries, such as healthcare, environmental
monitoring, and mining, makes them a preferred choice for mercury
analysis.
Environmental monitoring segment is expected to grow at the
highest CAGR during the forecast period.
The environmental monitoring segment is expected to grow at the
highest CAGR during the forecast period. Increased global awareness
of environmental issues and the importance of monitoring mercury
levels in air, water, and soil to protect ecosystems and public
health play a significant role. Additionally, strict regulations
aimed at reducing mercury emissions from industrial sources are
driving the demand for mercury analyzers in this sector. Moreover,
advancements in mercury analyzer technology, offering improved
accuracy, sensitivity, and real-time monitoring capabilities, are
anticipated to stimulate their adoption in environmental monitoring
applications.
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Asia Pacific is expected to
grow at the highest CAGR during the forecast period.
The Asia Pacific region for
mercury analyzer industry is expected to grow at the highest CAGR
during the forecast period. This surge can be attributed to several
factors, including rapid industrialization, stringent environmental
regulations, and increasing awareness regarding mercury pollution.
As nations in the Asia Pacific
region prioritize environmental sustainability, the demand for
mercury analyzers is expected to witness significant growth across
various industries such as manufacturing, healthcare, and mining.
In addition, governments are enforcing stricter emission standards,
pushing industries to adopt mercury analyzers for monitoring and
controlling mercury emissions. Additionally, industries are
investing in advanced analytical solutions to address health and
environmental concerns, further boosting the demand for mercury
analyzers.
Key players
Major companies operating in the mercury analyzer companies
include Teledyne Leeman Labs (US), Tekran Instruments Corporation
(Canada), Thermo Fisher Scientific
Inc. (US), PerkinElmer Inc. (US), Milestone Srl (US), Analytik Jena
GmbH+Co. KG (Germany), Nippon
Instruments Corporation (Japan),
Hitachi High-Tech Corporation (Japan), Lumex Instruments (Canada), ENVEA (France), among others.
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