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Silica Analyzer Market to Witness Huge Growth by Key Players: Hach, ABB, Thermo Fisher Scientific, Mettler Toledo, HORIBA, NIKKISO, Swan Analytical Instruments, SPX Flow, DKK TOA, Waltron Group and Others.

05-02-2020 09:42 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

Silica Analyzer Market to Witness Huge Growth by Key Players:

According to Market Study Report, Silica Analyzer Market provides a comprehensive analysis of the Silica Analyzer Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape and market share information in the Silica Analyzer Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Silica Analyzer Market is estimated to grow from USD 106.1 Million in 2018 to USD 139.6 Million by 2023, at a CAGR of 5.66% between 2018 and 2023. This report spread across 92 pages, profiling 10 companies and supported with 35 tables and 32 figures are now available in this research.

Top Key Players Profiled in the Silica Analyzer Market:
o Hach (US)
o ABB (Switzerland)
o Thermo Fisher Scientific (US)
o Mettler Toledo (Switzerland)
o HORIBA (Japan)
o NIKKISO (Japan)
o Swan Analytical Instruments (Switzerland)
o SPX Flow (US)
o DKK TOA (Japan)
o Waltron Group (US)
o Dr.Thiedig (Germany)
o Electro-Chemical Devices (US)
o Shanghai Boqu Instrument (China)
o KNTEC (South Korea)
o HKY Technology (China)
o Omicron Sensing (US)

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"Silica analyzer market for consumables is expected to grow rapidly"
The consumables of silica analyzers are reagents used for the analysis of silica levels. They are replaced frequently. Also, a single 2-liter bottle of reagent/s can last for 45 to 60 days, depending on the usability, frequency, quality, and efficiency of the silica analyzer. Therefore, a substantial portion of the capital budget needs to be allocated for the annual expense on reagents, which is covered under operating costs.

"Power generation industry is expected to hold largest size of silica analyzer market"
In the power generation industry, 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. Also, readily available coal as a source of power generation in APAC, especially in China and India, drives the market for the power generation industry and is expected to hold the largest size of the silica analyzer market in the next few years.

"APAC to be fastest-growing market for silica analyzers during 2018-2023"
The increasing industrialization in APAC is making the region one of the potential markets for silica analyzers. The demand for electricity is increasing in the region, and coal-fired power plants are commonly used to meet the energy demand in this region. Power generation and semiconductor are a few major industries in the APAC region that are expected to drive the growth of the silica analyzer market in the region.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 =30%, Tier 2 =35%, and Tier 3 =35%
o By Designation: C-Level Executives =55%, Directors=30%, and Others=15%
o By Region: North America =20%, Europe =35%, APAC =35%, and RoW=10%

Competitive Landscape of Silica Analyzer Market:
1 Overview
2 Ranking Analysis of Silica Analyzer Market Players
3 Competitive Benchmarking and Landscape
3.1 Product Launches
3.2 Expansions
3.3 Acquisitions

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Research Coverage:
The research report on the silica analyzer market covers different segments--type, industry, and geography. The market has been segmented on the basis of type into equipment and consumables. The silica analyzer market has been segmented on the basis of industry into power generation, semiconductor, and others. The report covers 4regions--North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

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