The Silica Analyzer Market was valued at USD 100.3 million in 2017 and is expected to reach USD 139.6 million by 2023, at a CAGR of 5.66% during the forecast period. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023. Silica analyzers are used to monitor the silica concentration of the water by utilizing the colorimetric analysis principle. The main application of the silica analyzer is in power generation and semiconductor industries. The significance of accurate silica measurement in water chemistry analysis is one of the key factors driving the market growth.
The objective of the report is to provide a detailed analysis of the silica analyzer market on the basis of type, industry, and geography. The report provides detailed information regarding the major factors influencing the growth of the silica analyzer market. The report also provides a detailed overview of the silica analyzer market positioning of key players.
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The market for the power generation industry is expected to grow at the highest CAGR during the forecast period. Silica analyzers are used to monitor the silica content of the feeder water used in boilers. This water, if not monitored, can leave deposition on the turbine, thereby decreasing the efficiency of the power generation. Three or more than three silica analyzers are used in power plants.
The market in APAC is expected to hold the largest share by 2023. The region has a high potential for silica analyzers. APAC, having massively populated countries such as China and India, is one of the largest energy consumers. India has more coal-fired power plants relying on for power generation as coal is readily available. Same is the case with China having coal-fired power plants.
Consumables are expected to hold larger market share during 2018–2023
Consumables are the reagents used in the analysis of silica. A 2-liter bottle of reagents can last for 45 to 60 days, depending on the frequency of the usage. Consumables need to be replaced and/or refilled frequently. The cost of consumables can exceed USD 2,500 per silica analyzer per year. Hence, this segment is expected to hold the larger market share during 2018–2023.
Power generation industry is expected to grow at highest CAGR owing to extensive use in silica analysis of water in boiler in steam generation
Silica analyzers are commonly used to monitor the silica content in the water that is used in the boiler for steam generation in power plants. Monitoring silica in water helps in avoiding the scaling on turbines, thereby increasing the thermal efficiency of power plants.
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APAC is expected to hold largest market size, in terms of value, owing to increasing industrialization and energy demand and easy availability of the coal making it preferred fuel for electricity generation
Coal is readily available in countries such as China and India where the energy demand is ever-increasing. Coal is the preferred source of electricity generation in thermal power plants. China and India are the major countries in APAC that have significant coal-fired power plants. This drives the market for silica analyzers in APAC.
Hach (US), ABB (Switzerland), Thermo Fisher Scientific (US), Mettler Toledo (Switzerland), HORIBA (Japan), NIKKISO (Japan), Swan Analytical Instruments (Switzerland), SPX Flow (US), DKK TOA (Japan), Waltron Group (US), Dr.Thiedig(Germany), Electro-Chemical Devices (US), Shanghai Boqu Instrument (China), KNTEC (South Korea), HKY Technology (China), and Omicron Sensing (US) are a few major companies in this market.
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