Future Market Insights, in its recently published market research study, offers valuable insights related to the overall prospects of the global particle counter market during the forecast period, 2018-2028. The report throws light on the various factors that are expected to influence the overall dynamics of the market including, the major trends, growth opportunities, challenges, and market drivers. In addition, the various advances in the particle counter space in terms of technology, investments, and more are discussed in the presented market study. According to the research, the value of the global particle counter market in 2018 was ~US$ 365 million and the market is expected to grow at a compounded annual growth rate (CAGR) of ~4% over the considered forecast period, 2018-2028.
The report brings into light the various factors that are expected to drive the growth of the market in the upcoming years including, significant growth in the adoption in the pharmaceutical and healthcare sector, rising demand from the oil & gas industry, and soaring demand for portable particle counter in recent years.
Growing demand from the oil & gas sector expected to boost the market growth
The significant growth in the number of oil & gas production players in the Middle East and Africa has played a key role in boosting the overall growth of the market in the region. Moreover, the demand for portable liquid particle counter is on the rise within the oil and gas sector as particle counters are widely used for hygiene control of liquid-based hydraulic solutions and inspection of the injected water. Furthermore, apart from the growing demand from the oil & gas industry, liquid particle counters find applications in the aerospace sector to establish compliance with IP 577 and DEF STAN 91-91standards for hydraulic fluids that are barely inflammable. In addition, a surge in demand for liquid particle counters to assess the quality of the water along with rising demand for the detection of the particle sizes in water treatment is another factor that is likely to boost the growth of the particle counter market in the upcoming years.
Particle Counter Market: Regional Outlook
According to the presented study, North America is expected to account for the largest market share over the forecast period owing to the growing presence of the pharmaceutical sector in the region. In addition, significant advances in technology in North America is another factor that is expected to boost the prospects of the market in the region in the foreseeable future. Moreover, significant growth in the investments towards the healthcare and pharmaceutical sector in North America is expected to boost the overall growth of the market during the forecast period.
Particle Counter Market: Vendor Analysis
The report offers resourceful information about the major companies operating within the particle counter market such as the market share, size, revenue growth, marketing strategies, product offering, and more. The most established companies in the market are, PAMAS, RION Co., Ltd., Climet Instruments Company, Zinter Handling Inc., Fluke Corporation, Kanomax, and PCE Instruments among others.
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