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Process Analyzer Market

Pages: 170 | Base Year: 2024 | Release: July 2025 | Author: Versha V.

Market Definition

A process analyzer is an instrument or system used to continuously monitor and measure the chemical composition, physical properties or specific variables of a process stream in real-time. 

It is typically employed in industrial settings such as chemical plants, refineries and manufacturing units to optimize operations, ensure product quality and maintain safety and compliance. Process analyzers are capable of detecting gases, liquids or solids and are integrated with control systems to support process automation and efficiency.

Process Analyzer Market Overview

The global process analyzer market size was valued at USD 7.56 billion in 2024 and is projected to grow from USD 7.92 billion in 2025 to USD 11.39 billion by 2032, exhibiting a CAGR of 5.33% during the forecast period. 

The market growth is attributed to the expanding downstream activities in oil and gas along with increasing refinery upgrades that require advanced process analyzers for accurate real-time monitoring and process optimization. 

The market is further driven by the rising investments in petrochemical infrastructure and growing demand for continuous monitoring tools that ensure compliance, safety, and operational efficiency in high-risk processing environments.

Key Market Highlights:

  1. The process analyzer industry size was valued at USD 7.56 billion in 2024.
  2. The market is projected to grow at a CAGR of 5.33% from 2025 to 2032.
  3. North America held a market share of 35.45% in 2024, with a valuation of USD 2.68 billion.
  4. The gas analyzers segment garnered USD 4.11 billion in revenue in 2024.
  5. The emissions monitoring segment is expected to reach USD 4.19 billion by 2032.
  6. The oil & gas segment is anticipated to witness the fastest CAGR of 6.66% over the forecast period.
  7. Asia Pacific is anticipated to grow at a CAGR of 6.47% through the projection period.

Major companies operating in the process analyzer market are ABB, Applied Analytics Inc, Thermo Fisher Scientific Inc, Emerson Electric Co, Endress+Hauser Group Services AG, Siemens, Yokogawa India Ltd, AMETEK Inc, Bruker, PerkinElmer US LLC, DwyerOmega, Process Insights Inc, Metrohm AG, METTLER TOLEDO and Veolia.

Process Analyzer Market Size & Share, By Revenue, 2025-2032

Additionally, the market is driven by the development of compact and low-maintenance analyzers with integrated connectivity and safety certifications that offer reliable performance and improved cost-efficiency across oil and gas, biogas, and heavy industrial sectors.

  • In October 2024, Baker Hughes launched the XMO2pro, an advanced oxygen analyzer under its Panametrics brand designed to deliver high accuracy and reliability in hazardous industrial environments. The analyzer uses paramagnetic technology to measure oxygen concentrations from 0.01% to 100% and is built for durability with explosion-proof and vibration-resistant features.

Market Driver

Rising Demand for Real Time Monitoring in Petrochemical Sector

Rising demand for real-time monitoring in the petrochemical sector is driving the adoption of advanced process analyzers. With increasing process complexity and stricter safety regulations the industries are investing in technologies that deliver accurate and continuous measurements. 

Real-time data helps optimize production, reduce energy use and detect faults early to prevent costly downtime. This shift toward continuous monitoring is essential for improving process efficiency and ensuring consistent product quality in high-volume and high-risk petrochemical environments.

  • According to the U.S. Energy Information Administration (EIA), U.S. refinery capacity reached 18.1 million barrels per day in 2023 up from 17.9 million barrels per day in 2022. This growth is increasing the demand for real-time process analyzers to ensure efficiency, safety, and regulatory compliance in refinery operations.

Market Challenge

Interference and Calibration Issues

Interference and calibration issues are limiting the reliability of process analyzers in complex industrial environments. Maintaining accuracy under such conditions requires frequent recalibration which increases maintenance demands and leads to longer operational delays. 

In harsh and constantly changing environments achieving consistent analyzer performance becomes increasingly difficult. These challenges disrupt process control and increase the risk of regulatory non-compliance which highlights the need for more stable analyzers and adaptive calibration systems.

Process analyzer market players are addressing this challenge by designing analyzers equipped with auto-calibration systems and advanced signal processing that help maintain accuracy in fluctuating conditions. They are applying machine learning to identify and adjust for anomalies during operation to improve the reliability of data. 

Moreover, manufacturers are incorporating durable sensors that function effectively in harsh environments where conventional equipment fails. Additionally, manufacturers are adopting laser-based and optical analyzers that deliver higher precision and stability in highly variable or contamination-prone settings.

Market Trend

Rising Demand for On-line Analyzers

The growing demand for online analyzers reflects a broader shift toward continuous and real-time monitoring in industrial operations. These systems offer immediate feedback across various production stages which helps operators respond quickly to changing conditions and maintain stable output by adjusting parameters before issues escalate. 

Industries are integrating online analyzers to reduce process variability and minimize unplanned downtime in applications such as chemical manufacturing and oil and gas processing. The use of these systems also supports data-driven optimization strategies that enhance long-term productivity and resource efficiency.

  • In June 2024, Metrohm Process Analytics launched the 2060 VA/CVS Process Analyzer to enhance trace metal and organic additive analysis across various industries. It enables real-time monitoring in sectors such as food and beverage, pharmaceuticals, petrochemicals, and semiconductor manufacturing, ensuring accurate detection of trace elements and process stability for improved product quality and regulatory compliance.

Process Analyzer Market Report Snapshot

Segmentation

Details

By Product Type

Gas Analyzers (Oxygen Analyzers, Infrared Analyzers, Tunable Diode Laser Analyzers, Toxic Gas Analyzers, Others), Liquid Analyzers (pH/ORP Analyzers, Conductivity Analyzers, Turbidity Analyzers, Liquid Density Analyzers, Others)  

By Application

Quality Control & Assurance, Safety Monitoring, Emissions Monitoring, Process Optimization, Others

By End-Use Industry

Oil & Gas, Chemicals & Petrochemicals, Water & Wastewater Treatment, Pharmaceuticals, Others

By Region

North America: U.S., Canada, Mexico

Europe: France, UK, Spain, Germany, Italy, Russia, Rest of Europe

Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific

Middle East & Africa: Turkey, U.A.E., Saudi Arabia, South Africa, Rest of Middle East & Africa

South America: Brazil, Argentina, Rest of South America

Market Segmentation:

  • By Product Type (Gas Analyzers (Oxygen Analyzers, Infrared Analyzers, Tunable Diode Laser Analyzers, Toxic Gas Analyzers, Others) and Liquid Analyzers (pH/ORP Analyzers, Conductivity Analyzers, Turbidity Analyzers, Liquid Density Analyzers, Others)): The gas analyzers segment earned USD 4.11 billion in 2024 due to rising adoption in real-time process monitoring and safety-critical operations.
  • By Application (Quality Control & Assurance, Safety Monitoring, Emissions Monitoring, Process Optimization and Others): The emissions monitoring segment held 38.34% of the market in 2024, owing to stricter environmental regulations and increased focus on industrial air quality.
  • By End-Use Industry (Oil & Gas, Chemicals & Petrochemicals, Water & Wastewater Treatment, Pharmaceuticals and Others): The oil & gas segment is projected to reach USD 4.59 billion by 2032, Propelled by expanding downstream infrastructure and increasing demand for advanced process control systems.

Process Analyzer Market Regional Analysis

Based on region, the global market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Process Analyzer Market Size & Share, By Region, 2025-2032

North America process analyzer market accounted for a share of around 35.45% in 2024, with a valuation of USD 2.68 billion. This dominance is attributed to the strong presence of established manufacturing and processing industries along with growing investments in advanced measurement technologies. 

Moreover, the rapid adoption of real-time monitoring systems across petrochemical, oil and gas, and chemical processing sectors in the region, is driving market growth. 

Key players in the region are continuously enhancing their instrumentation capabilities to meet evolving performance and safety standards, which further strengthens the market in the region.

  • In November 2024, DwyerOmega acquired Process Sensing Technologies Ltd. to expand its sensing and instrumentation portfolio. PST, based in the UK, offers proprietary sensors, instruments, and analyzers for process-critical applications across parameters such as moisture, gas, level, and flow. The acquisition enhances DwyerOmega’s capabilities in precision measurement technologies and strengthens its global presence in key end markets by combining advanced technologies and broad application expertise.

The Asia Pacific process analyzer industry is set to grow at a CAGR of 6.47% over the forecast period. This growth is attributed to increasing industrialization and rising environmental regulations across developing economies in the region. 

Countries like China, India, and South Korea are adopting real-time monitoring systems to improve process efficiency and meet stricter emission standards. The presence of a large manufacturing base and growing demand for energy and chemicals is driving the need for reliable process analyzers across various sectors such as oil and gas, petrochemicals and power generation in the region.

Additionally,  the presence of key market players pursuing strategic acquisitions is strengthening the region’s capabilities in emissions monitoring, regulatory compliance, and localized solution delivery, thereby driving market growth.

  • In April 2024, ENVEA acquired South Korea-based Kenvitech to expand its presence in the Asian environmental monitoring market. Kenvitech, a major provider of emission and air quality monitoring systems, brings local expertise and distribution strength. This acquisition supports ENVEA’s strategy to grow its footprint in Asia and enhances its capabilities in emissions monitoring and process analysis technologies.

Regulatory Frameworks

  • In the U.S., the Environmental Protection Agency (EPA) regulates emissions monitoring and environmental compliance standards that directly impact the deployment of process analyzers across industries. It oversees Continuous Emissions Monitoring Systems (CEMS) and requires real-time analyzers for air, water, and hazardous waste monitoring.
  • In China, the Ministry of Ecology and Environment (MEE) governs environmental monitoring and emissions control standards in China. It oversees data reporting from analyzers under national pollution control programs.
  • In the UK, the Environment Agency (EA) monitors industrial emissions and process safety through strict environmental permits that necessitate the use of process analyzers. It oversees adherence to Best Available Techniques (BAT), ensuring analyzers are used for accurate emissions tracking. The agency enforces quality assurance standards for data collected via automated monitoring systems.

Competitive Landscape

Major players in the process analyzer market are expanding their portfolios through strategic acquisitions to strengthen automation capabilities and regional presence. They are integrating advanced gas chromatography technologies to deliver comprehensive process insights and support critical applications across chemicals, LNG, refining, and biofuels. 

Additionally, market players are broadening their geographic reach to meet rising global demand and support complex industrial operations with reliable, real-time monitoring solutions.

  • In April 2024, Valmet acquired the Process Gas Chromatography & Integration business from Siemens AG. The deal includes the MAXUM II Gas Chromatograph platform and related services, enhancing Valmet’s automation offering. This acquisition strengthens Valmet’s presence in North America, Europe, and Asia-Pacific while expanding its capabilities in process analyzers across industries such as chemicals, LNG, refining, and biofuels.

Key Companies in Process Analyzer Market:

  • ABB
  • Applied Analytics, Inc
  • Thermo Fisher Scientific Inc.
  • Emerson Electric Co
  • Endress+Hauser Group Services AG
  • Siemens
  • Yokogawa India Ltd.
  • AMETEK.Inc
  • Bruker
  • PerkinElmer, US.LLC
  • DwyerOmega
  • Process Insights, Inc
  • Metrohm AG
  • METTLER TOLEDO
  • Veolia

Recent Developments (Product Launch)

  • In October 2024, AMETEK Process Instruments launched its next-generation 3050-OLV Quartz Crystal Microbalance (QCM) moisture analyzer. Designed for high-precision moisture measurement in demanding industrial applications such as natural gas processing and refining.
  • In October 2024, Specac launched the Spyder process flow cell, a new addition to its process analytical technology product line, designed for real-time in-line liquid analysis in laboratory and small-scale pilot plant environments.
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