Mercury Analyzer Market by Type (Cold Vapor Atomic Absorption and Cold Vapor Atomic Fluorescence), Monitoring Type (Continuous and Lab), End-Use Industry (Environmental Monitoring, Food Industry) and Region - Global Forecast to 2029
The mercury analyzer market size is expected to grow from USD 310 million in 2024 to USD 426 million by 2029, at a CAGR of 6.6% during the forecast period. The mercury analyzer market is driven by factors such as increasing global efforts for mercury reduction, growing regulations for environmental protection, active government engagement, and regulatory entities to monitor environmental conditions to create a significant growth opportunity for the market players in the next 5 years.
Scope of the Report
Years Considered for the Study
2020-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD Billion)
Segments
By Type, Monitoring Type, End-Use Industry and Region
Regions covered
North America, Europe, APAC, RoW
"Cold Vapor Atomic Fluorescence segment is expected to grow at the highest CAGR during the forecast period"
The Cold Vapor Atomic Fluorescence segment is expected to grow at the highest CAGR during the forecast period. Advancements in technology have significantly refined cold vapor atomic fluorescence analyzers, enhancing their sensitivity and precision. This refinement is particularly crucial for industries and regulatory bodies striving to adhere to increasingly stringent environmental standards. Secondly, there is a growing concern regarding mercury contamination across various ecosystems and its adverse effects on human health. This concern is fueling the demand for more sophisticated detection methods, thereby increasing the adoption of cold vapor atomic fluorescence analyzers.
"Environmental monitoring segment is expected to grow at the highest CAGR during the forecast period"
The environmental monitoring segment is expected to grow at the highest CAGR during the forecast period. Increasing awareness and concerns regarding environmental pollution, particularly related to mercury contamination, are driving governments and regulatory bodies to enforce stricter regulations and standards for environmental monitoring. This heightened focus on environmental protection necessitates the deployment of advanced mercury analyzers for precise and efficient monitoring of mercury levels in air, water, soil, and other environmental matrices. Furthermore, the expanding scope of environmental monitoring initiatives by government agencies and private organizations is expected to fuel the demand for mercury analyzers.
"Asia Pacific is expected to grow at the highest CAGR during the forecast period"
Asia Pacific is expected to grow at a higher CAGR during the forecast period. The region's rapid industrialization and stringent environmental regulations drive the demand for advanced analytical technologies to monitor and control mercury emissions effectively. Additionally, increasing awareness of environmental pollution, particularly concerning mercury contamination, is prompting industries to invest in sophisticated mercury analyzers for compliance and risk mitigation. Moreover, the Asia Pacific region's expanding economies, particularly in sectors such as manufacturing, healthcare, and mining, are expected to further drive the uptake of mercury analyzers for various applications.
Breakdown of primaries
In determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the mercury analyzer market space. The break-up of primary participants for the report has been shown below:
By Company Type: Tier 1 = 35%, Tier 2 = 40%, and Tier 3 = 25%
By Designation: C-Level Executives = 25%, Directors = 35%, and Others= 40%
By Region: North America = 30%, Europe = 20%, Asia Pacific = 45%, and RoW = 5%
Major companies operating in the mercury analyzer market include Teledyne Leeman Labs (US), Tekran Instruments Corporation (Canada), Thermo Fisher Scientific Inc. (US), PerkinElmer Inc. (US), Milestone Srl (US), Analytik Jena GmbH+Co. KG (Germany), Nippon Instruments Corporation (Japan), Hitachi High-Tech Corporation (Japan), Lumex Instruments (Canada), ENVEA (France), among others.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the mercury analyzer market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
Analysis of key drivers (Growing regulations for environmental protection, active government engagement and regulatory entities to monitor environmental conditions, increasing global efforts for mercury reduction, growing emphasis on high quality food products), restraints (high cost of equipment for mercury analysis), opportunities (increasing industrialization and urbanization in emerging markets, emerging application of mercury analyzer in the research field), and challenges (complexity of sampling and analytical procedures).
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the mercury analyzer market.
Market Development: Comprehensive information about lucrative markets - the report analyses the mercury analyzer market across varied regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the mercury analyzer market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Teledyne Leeman Labs F(US), Tekran Instruments Corporation (Canada), Thermo Fisher Scientific Inc. (US), PerkinElmer Inc. (US), Milestone Srl (US), Analytik Jena GmbH+Co. KG (Germany), Nippon Instruments Corporation (Japan), Hitachi High-Tech Corporation (Japan), Lumex Instruments (Canada), ENVEA (France), among others.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 MERCURY ANALYZER MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.3.4 INCLUSIONS AND EXCLUSIONS
1.3.5 CURRENCY CONSIDERED
1.3.6 UNITS CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
1.7 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 RESEARCH DESIGN
2.2 PRIMARY AND SECONDARY DATA
FIGURE 3 RESEARCH APPROACH
2.2.1 SECONDARY DATA
2.2.1.1 List of major secondary sources
2.2.1.2 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Primary interviews with experts
2.2.2.2 List of key participants for primary interviews
2.2.2.3 Key data from primary sources
2.2.2.4 Key industry insights
2.2.2.5 Breakdown of primaries
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.1.1 Approach to estimate market size using bottom-up analysis (demand side)
2.6 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON MERCURY ANALYZER MARKET
2.7 RESEARCH LIMITATIONS
2.8 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 8 COLD VAPOR ATOMIC FLUORESCENCE SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
FIGURE 9 LAB MONITORING SEGMENT TO HOLD LARGER MARKET SHARE IN 2029
FIGURE 10 ENVIRONMENTAL MONITORING SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029
FIGURE 11 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MERCURY ANALYZER MARKET
FIGURE 12 IMPLEMENTATION OF STRINGENT REGULATIONS FOR ENVIRONMENTAL MONITORING AND REDUCING MERCURY EMISSIONS TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS
4.2 MERCURY ANALYZER MARKET, BY TYPE
FIGURE 13 COLD VAPOR ATOMIC FLUORESCENCE SEGMENT TO HOLD LARGER MARKET SHARE IN 2029
4.3 MERCURY ANALYZER MARKET, BY MONITORING TYPE
FIGURE 14 CONTINUOUS MONITORING SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
4.4 MERCURY ANALYZER MARKET, BY END-USE APPLICATION
FIGURE 15 ENVIRONMENTAL MONITORING SEGMENT TO DOMINATE MARKET IN 2029
4.5 MERCURY ANALYZER MARKET, BY COUNTRY
FIGURE 16 INDIA TO RECORD HIGHEST CAGR IN MERCURY ANALYZER MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 MERCURY ANALYZER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Sustainability initiatives and commitment to pollution prevention and control
5.2.1.2 Implementation of stringent environmental regulations by governments and international bodies
TABLE 1 ENVIRONMENTAL REGULATIONS PERTAINING TO MERCURY AND OTHER HEAVY METALS AND TOXIC GASES, BY COUNTRY
5.2.1.3 High reliance on coal-fired power plants to generate electricity
FIGURE 18 ANALYSIS OF IMPACT OF DRIVERS ON MERCURY ANALYZER MARKET
5.2.2 RESTRAINTS
5.2.2.1 High cost of mercury trace analysis equipment
FIGURE 19 ANALYSIS OF IMPACT OF RESTRAINTS ON MERCURY ANALYZER MARKET
5.2.3 OPPORTUNITIES
5.2.3.1 Rapid industrialization and urbanization in emerging economies
5.2.3.2 Emerging applications of mercury analyzers in research field
5.2.3.3 Increasing number of petrochemical plants and refineries
FIGURE 20 ANALYSIS OF IMPACT OF OPPORTUNITIES ON MERCURY ANALYZER MARKET
5.2.4 CHALLENGES
5.2.4.1 Complexities associated with sampling and analytical procedures
FIGURE 21 ANALYSIS OF IMPACT OF CHALLENGES ON MERCURY ANALYZER MARKET
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 22 TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS
5.4 PRICING ANALYSIS
5.4.1 INDICATIVE PRICING TREND, BY MONITORING TYPE
TABLE 2 INDICATIVE PRICING TREND OF MERCURY ANALYZERS, BY MONITORING TYPE (USD)
FIGURE 23 INDICATIVE PRICING TREND OF MERCURY ANALYZERS, 2019-2023 (USD)
TABLE 3 INDICATIVE PRICING TREND OF MERCURY ANALYZERS OFFERED BY KEY PLAYERS, BY MONITORING TYPE (USD)
FIGURE 24 INDICATIVE PRICING TREND OF MERCURY ANALYZERS PROVIDED BY KEY PLAYERS (USD)
5.4.2 AVERAGE SELLING PRICE TREND, BY REGION
TABLE 4 AVERAGE SELLING PRICE TREND OF MERCURY ANALYZERS, BY REGION (USD)
FIGURE 25 AVERAGE SELLING PRICE TREND OF MERCURY ANALYZERS, BY REGION, 2019-2023 (USD)
5.5 VALUE CHAIN ANALYSIS
FIGURE 26 MERCURY ANALYZER MARKET: VALUE CHAIN ANALYSIS
5.6 ECOSYSTEM ANALYSIS
FIGURE 27 KEY PLAYERS IN MERCURY ANALYZER ECOSYSTEM
TABLE 5 ROLE OF COMPANIES IN MERCURY ANALYZER ECOSYSTEM
5.7 INVESTMENT AND FUNDING SCENARIO
FIGURE 28 INVESTOR DEALS AND FUNDING IN MERCURY ANALYZER MARKET, 2018-2023 (USD MILLION)
5.8 TECHNOLOGY ANALYSIS
5.8.1 KEY TECHNOLOGY
5.8.1.1 Big data analytics
5.8.2 COMPLEMENTARY TECHNOLOGY
5.8.2.1 Edge and diagnostics analytics
5.8.3 ADJACENT TECHNOLOGY
5.8.3.1 Direct mercury analysis
5.9 PATENT ANALYSIS
FIGURE 29 NUMBER OF PATENTS GRANTED RELATED TO MERCURY ANALYZERS, 2014-2023
TABLE 6 LIST OF KEY PATENTS PERTAINING TO MERCURY ANALYZERS, 2022-2023
5.10 TRADE ANALYSIS
5.10.1 IMPORT SCENARIO (HS CODE 9027)
FIGURE 30 IMPORT DATA FOR HS CODE 9027-COMPLIANT PRODUCTS, BY COUNTRY, 2018-2022 (USD MILLION)
5.10.2 EXPORT SCENARIO (HS CODE 9027)
FIGURE 31 EXPORT DATA FOR HS CODE 9027-COMPLIANT PRODUCTS, BY COUNTRY, 2018-2022 (USD MILLION)
5.11 KEY CONFERENCES AND EVENTS, 2024-2025
TABLE 7 LIST OF CONFERENCES AND EVENTS, 2024-2025
5.12 CASE STUDY ANALYSIS
5.12.1 MILESTONE'S DMA-80 EVO DIRECT MERCURY ANALYZER HELPS CHEMISTS ANALYZE ANY MATRIX WITHOUT PRE-TREATMENT OR CHEMICAL ADDITIONS WITHIN 6 MINUTES
5.12.2 ENVEA'S MERCURY MEASUREMENT SOLUTIONS HELP CONTROL AND REDUCE HG EMISSIONS FROM CEMENT INDUSTRY AND COAL-FIRED POWER PLANTS
5.12.3 MILESTONE'S MERCURY ANALYZER IMPROVES PROCESS EFFICIENCY AND REDUCES RISK OF CROSS CONTAMINATION AT YORK LAB
5.13 REGULATORY LANDSCAPE AND STANDARDS
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.2 STANDARDS
TABLE 12 MERCURY ANALYZER MARKET: STANDARDS
5.14 PORTER'S FIVE FORCES ANALYSIS
FIGURE 32 MERCURY ANALYZER MARKET: PORTER'S FIVE FORCES ANALYSIS
TABLE 13 MERCURY ANALYZER MARKET: PORTER'S FIVE FORCES ANALYSIS
5.14.1 THREAT OF NEW ENTRANTS
5.14.2 THREAT OF SUBSTITUTES
5.14.3 BARGAINING POWER OF SUPPLIERS
5.14.4 BARGAINING POWER OF BUYERS
5.14.5 INTENSITY OF COMPETITIVE RIVALRY
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE APPLICATIONS
TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE APPLICATIONS (%)
5.15.2 BUYING CRITERIA
FIGURE 34 KEY BUYING CRITERIA FOR TOP 3 END-USE APPLICATIONS
TABLE 15 KEY BUYING CRITERIA FOR TOP 3 END-USE APPLICATIONS
6 MERCURY ANALYZER MARKET, BY TYPE
6.1 INTRODUCTION
FIGURE 35 MERCURY ANALYZER MARKET, BY TYPE
FIGURE 36 COLD VAPOR ATOMIC FLUORESCENCE SEGMENT TO HOLD LARGER SHARE OF MERCURY ANALYZER MARKET IN 2029
TABLE 16 MERCURY ANALYZER MARKET, BY TYPE, 2020-2023 (USD MILLION)
TABLE 17 MERCURY ANALYZER MARKET, BY TYPE, 2024-2029 (USD MILLION)
TABLE 154 BROOKS RAND INSTRUMENTS: COMPANY OVERVIEW
11.2.2 DURAG GROUP
TABLE 155 DURAG GROUP: COMPANY OVERVIEW
11.2.3 SICK AG
TABLE 156 SICK AG: COMPANY OVERVIEW
11.2.4 AMETEK BROOKFIELD NORTH AMERICA
TABLE 157 AMETEK BROOKFIELD NORTH AMERICA: COMPANY OVERVIEW
11.2.5 BEIJING BAODE INSTRUMENT CO., LTD.
TABLE 158 BEIJING BAODE INSTRUMENT CO., LTD.: COMPANY OVERVIEW
11.2.6 P S ANALYTICAL
TABLE 159 P S ANALYTICAL: COMPANY OVERVIEW
11.2.7 WUXI JIEBO INSTRUMENT TECHNOLOGY CO. LTD.
TABLE 160 WUXI JIEBO INSTRUMENT TECHNOLOGY CO. LTD.: COMPANY OVERVIEW
11.2.8 ANSEROS
TABLE 161 ANSEROS: COMPANY OVERVIEW
11.2.9 AURORA BIOMED INC.
TABLE 162 AURORA BIOMED INC.: COMPANY OVERVIEW
11.2.10 LABTRON EQUIPMENT LTD.
TABLE 163 LABTRON EQUIPMENT LTD.: COMPANY OVERVIEW
11.2.11 NANBEI INSTRUMENT LIMITED
TABLE 164 NANBEI INSTRUMENT LIMITED: COMPANY OVERVIEW
11.2.12 BACS
TABLE 165 BACS: COMPANY OVERVIEW
11.2.13 CHANGSHA KAIYUAN INSTRUMENTS CO., LTD.
TABLE 166 CHANGSHA KAIYUAN INSTRUMENTS CO., LTD.: COMPANY OVERVIEW
11.2.14 ANALYTICAL TECHNOLOGIES LIMITED
TABLE 167 ANALYTICAL TECHNOLOGIES LIMITED: COMPANY OVERVIEW
11.2.15 MOTRAS SCIENTIFIC INSTRUMENTS PVT. LTD.
TABLE 168 MOTRAS SCIENTIFIC INSTRUMENTS PVT. LTD.: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
12 ADJACENT AND RELATED MARKETS
12.1 INTRODUCTION
12.2 EMISSION MONITORING SYSTEM MARKET, BY SYSTEM TYPE
TABLE 169 EMISSION MONITORING SYSTEM MARKET, BY SYSTEM TYPE, 2019-2022 (USD MILLION)
TABLE 170 EMISSION MONITORING SYSTEM MARKET, BY SYSTEM TYPE, 2023-2028 (USD MILLION)
TABLE 171 EMISSION MONITORING SYSTEM MARKET, BY SYSTEM TYPE, 2019-2022 (UNITS)
TABLE 172 EMISSION MONITORING SYSTEM MARKET, BY SYSTEM TYPE, 2023-2028 (UNITS)
12.3 CONTINUOUS EMISSION MONITORING SYSTEM (CEMS)
12.3.1 NEED TO COMPLY WITH AIR QUALITY STANDARDS TO DRIVE ADOPTION
TABLE 173 CEMS: EMISSION MONITORING SYSTEM MARKET, BY OFFERING, 2019-2022 (USD MILLION)
TABLE 174 CEMS: EMISSION MONITORING SYSTEM MARKET, BY OFFERING, 2023-2028 (USD MILLION)
TABLE 175 CEMS: EMISSION MONITORING SYSTEM MARKET, BY INDUSTRY, 2019-2022 (USD MILLION)
TABLE 176 CEMS: EMISSION MONITORING SYSTEM MARKET, BY INDUSTRY, 2023-2028 (USD MILLION)
TABLE 177 CEMS: EMISSION MONITORING SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION)
TABLE 178 CEMS: EMISSION MONITORING SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION)
12.4 PREDICTIVE EMISSION MONITORING SYSTEM (PEMS)
12.4.1 GROWING NEED FOR ACCURATE AND RELIABLE EMISSION MONITORING SYSTEMS TO BOOST SEGMENTAL GROWTH
TABLE 179 PEMS: EMISSION MONITORING SYSTEM MARKET, BY OFFERING, 2019-2022 (USD MILLION)
TABLE 180 PEMS: EMISSION MONITORING SYSTEM MARKET, BY OFFERING, 2023-2028 (USD MILLION)
TABLE 181 PEMS: EMISSION MONITORING SYSTEM MARKET, BY INDUSTRY, 2019-2022 (USD MILLION)
TABLE 182 PEMS: EMISSION MONITORING SYSTEM MARKET, BY INDUSTRY, 2023-2028 (USD MILLION)
TABLE 183 PEMS: EMISSION MONITORING SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION)
TABLE 184 PEMS: EMISSION MONITORING SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION)