One of the ongoing studies of Fairfield Market Research would reveal the growth forecast of
One of the ongoing studies of Fairfield Market Research would reveal the growth forecast of global particle counter market for the period, 2021 – 2026. While worldwide sales of particle counters are majorly driven by sustained adoption in the manufacturing sector, the demand from application areas like liquid contamination monitoring, and air quality monitoring has been on the rise over the recent past. The report further indicates demand coming in from the semiconductor industry, and life sciences research activities.
The premium price point associated with particle counters will however remain the key impediment for market players that continue to witness restricted sales. The machine cost, and compliance cost, both account for the expensive price of particle counters, which limits their penetration in a slew of potential end-use sectors. Competitive pricing strategies are thus likely to remain on the priority of leading companies operating in particle counter market.
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Widening Application Base to Accelerate Adoption of Particle Counters
Tightening regulatory screws around the indoor air quality maintenance are likely to be instrumental to the market build-up. Rising usage of cleanroom technology environments across a variety of industrial verticals is expected to emerge as the strongest factor encouraging particle counter sales during the forecast period. Other notable end-use segments that will continue to support the expansion of particle counter market, include hospitals, medical devices, research laboratories, diagnostic centres, and speciality centres. A few emerging consumer sectors like oil and gas, automotive and aerospace, and F&B industries are also projected to be the next key contributors to market revenue.
Developed Markets Lead their Way; Opportunities Abound in Developing Economies
With the presence of a majority of end-use industries that are highly regulated, North America will continue to be the top-performing market in terms of particle counter sales. The market here is also expected to significantly gain from the region’s readiness for new technology adoption, and more frequent new product launches by brands. Europe, the next key market, is likely to be driven by the favourable government initiatives, and the expanding medical devices sector.
Preliminary findings suggest that Brazil, Russia, and the key Asian economies like China, South Korea, India, and Taiwan will exhibit attractive growth potential for particle counter market participants. While this has been attributable to remarkable growth of the life sciences, and pharmaceuticals industries in these nations, these markets are expected to reap major benefits from the cheaper manufacturing and labour costs. Although cost-sensitive at this point in time, these economies are anticipated to lure investors from across the globe in future. An increasing number of greenfield projects will push the opportunistic potential further, opening doors to a slew of opportunities in form of infrastructural investments.
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Key Players in Global Particle Counter Market Landscape
The report would provide a detailed insightful view of the competition landscape of the global particle counter market space that would offer the financial and strategic profiling of some of the leading companies driving competition in the space. Olympus Corporation, Lighthouse Worldwide Solutions, Merck KGaA, Danaher Corporation, Particles Plus, Inc., Inc., Climet Instruments Company, Particle Measuring Systems, Inc., Met One Instruments, Inc. Markus Klotz GmbH, Setra Systems, TSI Incorporated, Climet Instruments Co., HAL Technology, Fluke Corporation, Kanomax USA, Inc., Beckman Coulter, Rion Co. Ltd., Chemtrac, Inc., PAMAS Partikelmess, Konamax, Veltek Associates, PCE Instruments, GrayWolf Sensing Solutions, Palas GmbH, Extech Instruments, Analysesysteme GmbH, and HYDAC International Spectris are some of the key participants in particle counter market.
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