NIR Process Analyzer Market Size Worth $805.1 Million By 2030: IndustryARC

The Global NIR Process Analyzer Market size is predicted to reach $805 million by 2030, growing at a CAGR of 5.6% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The need for non-destructive and rapid quality control, as well as compliance with stringent regulatory requirements and increasing demand for real-time process monitoring and optimization in various industries, including pharmaceuticals, food and beverages, and agriculture are fueling the growth of the NIR Process Analyzer Market during the forecast period, finds IndustryARC in its recent report, titled “NIR Process Analyzer Market Size, Share & Trends Analysis Report By Type (Filter-based NIR Analyzers, Dispersive NIR Analyzers, FT-NIR (Fourier-Transform NIR) Analyzers and Others), By Category (On-line, At-line, In-line), By Sample Type (Solid, Liquid and Gases), By End Use Industry (Pharmaceutical, Food and Beverages, Chemical, Petrochemical, Agriculture, Energy, Oil and Gas, Polymer and Others),  By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030.”

North America region held a major market share of 38% in 2023. North America has witnessed an increased adoption of NIR analyzers for precise monitoring and optimization of manufacturing processes, the region boasts a strong presence of industries such as pharmaceuticals, food and beverage, chemicals, and agriculture, all of which extensively utilize NIR analyzers for quality control, process optimization, and regulatory compliance. Additionally, stringent regulatory standards in these industries have fueled the adoption of NIR analyzers to ensure product quality and safety. Moreover, ongoing technological advancements and a robust research and development ecosystem is anticipated to be driven for NIR Process Analyzer in North America region. 

 

● Filter-based NIR Analyzers Segment is Leading the Market. 

In the NIR Process Analyzer Market analysis, the Filter-based NIR Analyzers segment held a major market share of 36% in 2023. These analyzers operate by isolating specific wavelengths of near-infrared light through filters, enabling targeted and accurate measurements. Widely adopted in industries demanding meticulous control over processes, such as pharmaceuticals and quality control in manufacturing, filter-based NIR analyzers provide real-time insights into material composition. Their enduring dominance stems from their ability to meet the stringent requirements of various applications, showcasing the importance of focused wavelength analysis in ensuring product quality and process optimization across diverse industrial sectors.

● Pharmaceutical Segment to Register Highest Growth.

According to the NIR Process Analyzer Market forecast, the pharmaceutical sector is analyzed to grow with the highest CAGR of 7.9% during the forecast period owing to an increase in R&D activities for clinical diagnosis and NIR technology applications in medical imaging. Additionally, new products that have improved performance capabilities will stimulate market growth during this period. ccording to a WHO report from May 2022, 11% of drugs in emerging markets are counterfeit, leading to 144,000 deaths. NIR spectroscopy is used by regulatory agencies like the U.S.-FDA, Health Canada, Dutch Medicines Authority, Ministry of Health, National Medical Stores & NDA, and others to confirm the authenticity of pharmaceuticals. Additionally, the pharmaceutical industry's ongoing expansion, especially in emerging markets, is creating a significant demand for NIR process analyzers to enhance efficiency, reduce production costs, and maintain product quality. As pharmaceutical companies continue to prioritize quality assurance and operational efficiency, the NIR Process Analyzer Market is expected to witness sustained growth in this segment.

● Increasing Adoption of NIR Analyzers in the Agriculture Industry.

NIR technology enables farmers and agronomists to quickly and non-destructively analyze soil composition, nutrient levels, moisture content, and crop quality. This data empowers them to make informed decisions regarding fertilizer application, irrigation, and crop management, resulting in improved yields, resource optimization, and reduced environmental impact. According to the Ministry of Agriculture 2023, Total Foodgrain production in the country is estimated at record 2935.2 metric tonnes which is higher as compared to previous year 2021-22. Additionally, NIR analyzers are valuable tools for assessing the quality of grains, seeds, and other agricultural products, helping ensure consistency and compliance with quality standards. As the agriculture sector faces growing pressure to feed a global population while minimizing resource use, the adoption of NIR analyzers is poised to play a pivotal role in achieving these goals. This is one of the major factors driving the growth of the NIR Process Analyzer Market during the forecast period.

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NIR Process Analyzer Demand is Growing in the Healthcare and Pharmaceutical Industries, Particularly in Drug Testing and Identification.

NIR spectroscopy offers a non-invasive and rapid method for analyzing pharmaceutical compounds and drug formulations. In drug testing, NIR analyzers enable the identification of raw materials and the verification of product quality, ensuring that medications meet regulatory standards and patient safety requirements. Moreover, NIR technology allows for the monitoring of critical parameters such as drug content, uniformity, and dissolution profiles during the manufacturing process, aiding in process optimization and quality assurance. This trend reflects the pharmaceutical industry's commitment to precision and compliance while expediting drug development and production, ultimately benefiting healthcare professionals and patients alike. As a result, the adoption of NIR Process Analyzers is expected to continue to grow as healthcare and pharmaceutical companies seek innovative solutions for enhancing drug quality and safety.

In the environmental sector, NIR analyzers are increasingly employed for tasks such as water quality analysis, soil composition assessment, and pollution detection. With growing environmental concerns and regulations, the demand for these applications is on the rise.Similarly, in the food industry, ensuring the quality and safety of products is paramount. NIR analyzers offer rapid and non-destructive methods for analyzing food ingredients, detecting contaminants, and ensuring adherence to quality standards. As consumer awareness about food quality and safety grows, businesses are investing in advanced analytical tools like NIR analyzers to meet these demands. These expanding applications in both environmental monitoring and food quality testing are poised to drive market growth as they address critical societal and regulatory needs.

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● NIR Process Analyzer Market Size and Forecast 

● NIR Process Analyzer Market Trends

● NIR Process Analyzer Market Analysis by Type

● CAGR of the market during the forecast period 2024-2030

● Value Chain analysis of key stake holders

● Detailed analysis of market drivers and opportunities during the forecast period

● NIR Process Analyzer Market size estimation and forecast

● Analysis and predictions on end users’ behavior and upcoming trends 

● Competitive landscape and Vendor market analysis including offerings, developments, and financials

● Comprehensive analysis of challenges and constraints in the NIR Process Analyzer Market

● The COVID-19 pandemic caused a decline in the NIR Process Analyzer market due to initial phases, disruptions in global supply chains and manufacturing operations led to some delays in production and delivery of NIR analyzers. Additionally, reduced industrial activities in sectors like manufacturing, oil and gas, and automotive, which are significant users of NIR analyzers, temporarily slowed down market growth. However, as the pandemic unfolded, there was an increased focus on quality control and real-time monitoring in pharmaceuticals, food production, and other essential industries, leading to a surge in demand for NIR analyzers.

● The conflict between Russia and Ukraine has the potential to impact the NIR Process Analyzer market due to supply chain disruptions. the instability and geopolitical tensions in the region could disrupt the global supply chain for critical components and materials used in the manufacturing of NIR analyzers, potentially leading to supply shortages and increased production costs. Moreover, fluctuations in energy prices and currency exchange rates driven by the crisis may affect the overall cost structure for NIR analyzer manufacturers. Additionally, geopolitical uncertainties can create hesitation among businesses, leading to delayed investment decisions, which could slow down the adoption of NIR analyzers in affected regions. 

 

The key companies profiled in the NIR Process Analyzer Market Report are listed below:

• Thermo Fisher Scientific 

• Bruker Corp.

• Unity Scientific 

• Galaxy Scientific 

• PerkinElmer Inc. 

• Buchi 

• Metrohm AG 

• Modcon Systems LTD 

• Yenchen Machinery Co., Ltd. 

• ABB Ltd.

 

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Near Infrared Detector/Sensor Market – The Near Infrared Detector/Sensor Market size is growing at a CAGR of 9.6% during the forecast period. It is due to the increasing use of NIR sensors in applications like eye-tracking, gesture recognition and so on. Therefore, a significant increase in the number of applications in major end-user industries like consumer electronics, automotive and so on will accelerate the growth of the market.

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  

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Mr. Venkat Reddy

IndustryARC

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