The Silica Analyzer Market is expected to reach USD 197.18 Million by 2028, growing at a CAGR of 6.8% over 2022 to 2028. Silica analyzers are utilized to estimate the concentration of silica in the water of different industries, such as power production and semiconductor, among many others. Its concentration is very necessary for the steam production and cooling water techniques installed in the industries. For many possible pollutants in the steam cycle, silica plays a vital role due to the solubility of silica in steam instantly depending on the viscosity and temperature of the steam. In a typical water and steam cycle, silica can be estimated in the saturated steam, main steam, or reheat steam.
- The equipment segment is projected to expand at a considerable CAGR over the forecast period owing to the increasing adoption in power plants as they are engaged in electricity generation and distribution of this electricity to residential, commercial, and industrial users.
- The power generation segment held a substantial market share in 2021. This share is due to the rising investments in monitoring the silica amount in the water utilized in power generation plants for several end-users such as steam production and condensate polishing, which aids in evading silica scaling on turbines.
- The Asia Pacific is expected to hold the largest share in 2021. This is attributed to the rising demand for silica analyzer in developing economies such as China and India.
Some of the key players in the Silica Analyzer Market include - ABB (Switzerland), Hach (US), Thermo Fisher Scientific (US), HORIBA (Japan), Mettler Toledo (Switzerland), NIKKISO (Japan), SPX Flow (US), DKK TOA (Japan), Swan Analytical Instruments (Switzerland), Dr. Thiedig (Germany), Walton Group (US), Electro-Chemical Devices (US), KNTEC (South Korea), Shanghai Boqu Instrument (China), Omicron Sensing (US), and HKY Technology (China).
The increasing disposable income has directed to the rise in energy use per capita as customers have the key to different digital instruments and consumer devices. With the growing need for electrical and electronic machines, energy demand from the industrial division has also grown immensely thus creating a positive scope for the overall market growth.
North America is expected to grow at a substantial CAGR, owing to the increasing demand in countries, such as the U.S., Canada, and Mexico. Furthermore, the growing need for electricity and a growing number of coal-fired power manufacturers is also supporting regional growth. Although different regions are concentrating on obtaining renewable sources of power such as solar cells, windmills, and hydroelectric power these regions depend on coal-fired energy plants to yield electricity.
COVID Impact Analysis
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the Silica Analyzer Market. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online.
Recent Developments: -
August 2016- Swan established AMI Silitrace Ultra, an online-based silica analyzer that has a measuring capacity of 0.005 ppb to 25 ppb. It constantly observes silica statuses in pure water.
January 2016- Hach extended its abilities by constructing a new research and development base in its Loveland, Colorado (US)-based area. This investment is aimed at confirming the growth of refined and inventive products to support its commitment to clients.