The mercury analyzer market was valued at USD 211.4 Million in 2017 and is estimated to reach USD 315.1 Million by 2023, at a CAGR of 7.0% during the forecast period. The base year considered for this study is 2017, and the forecast period considered is between 2018 and 2023.
The objectives of the study are as follows:
- Define, describe, and forecast the overall mercury analyzer market in terms of value and volume
- Define, describe, and forecast the market segmented on the basis of type, end use, and geography
- Forecast the size of the market, in terms of value, for various segments with respect to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- Describe the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market and its submarkets
- Analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- Analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
- Identify the key players operating in the market and comprehensively analyze their market ranking and core competencies
- Analyze strategic developments such as product launches, partnerships, expansions, and contracts in the market
The research methodology used to estimate and forecast the mercury analyzer market begins with obtaining data on key vendor revenues through secondary research. The vendor offerings have been taken into consideration to determine the market segmentation. Some of the secondary sources used in this research include various journals and databases, such as IEEE journals, mercury emission journals, Factiva, Hoovers, and OneSource. Moreover, the vendor offerings have been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the mercury analyzer market from the revenues of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with officials holding key positions in the industry, such as CEOs, VPs, directors, and executives.
The key companies operating operating in the mercury analyzer 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.
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.
