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Near-infrared moisture analyzers (NIR moisture analyzers) are electronic devices that analyze and control the moisture of the product in during various stages of the manufacturing process. NIR moisture analyzers use an infrared light source which is passed through the product sample. Some light is absorbed by the sample and the remaining is reflected and measured. It then proportionately provides the value of the moisture in the sample.

NIR moisture analyzers is majorly used in industries such as food and beverages, chemicals, pharmaceuticals, and others to monitor moisture contained in a product sample. For instance, in the food and beverage industry, NIR moisture analyzers can be used to ensure that the raw material provided is up to the company’s standards.

Factors Driving Growth of the Global NIR Moisture Analyzers Market:

NIR moisture analyzers can be used at various stages of food production in order to control and monitor the moisture contained in the product. For instance, in dairy plant, NIR moisture analyzers can be used to analyse the consistency of milk (at initial stage) and milk products such as whey concentrate, cheese, butter, and others (at final after process stage). The increasing demand for these analysers from the food and beverage industry is expected to favour the market growth during the forecast period (2020-2027).

The food and beverage industry has witnessed rapid growth in the recent past. According to Coherent Market Insights analysis, in 2019, companies such as Nestlé S.A., PepsiCo, Inc., and others exhibited steady growth in the packed food sales segment. For instance, in 2019, Nestlé S.A., a Switzerland based food and beverage company, registered 1.2% growth in sales compared to the previous year (2018). Similarly, in 2019, PepsiCo, Inc. a US-based Food company registered sales growth around 4.0% compared to the previous year (2018).

Furthermore, according to Coherent Market analysis, the global food and beverage industry is expected to register a CAGR of 5.1% during the forecast period (2020-2027). Thus, the increasing demand for packed food is expected to positively impact the growth of the global NIR moisture analyzer market during the forecast period.

However, the accuracy of NIR moisture analyzers to measure the moisture content is limited which can hamper the market growth of the global NIR moisture analyzers market during the forecast period.

Global NIR Moisture Analyzers Market: Regional Insights

On the basis of the region, the NIR moisture analyzers market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account for the largest market share during the forecast period, owing to the presence of key players in the region such as FINNA SENSORS, MoistTech Corp., Sensortech Systems Inc., Process Sensors Corporation, Analytical Instruments Corporation., AMETEK, Inc., Mettler-Toledo International, Inc., and others.

Moreover, apart from North America, Asia Pacific is expected to witness positive growth in the NIR moisture analyzers market during the forecast period owing to the increasing adoption of NIR moisture analyzers in the pharmaceutical industry. The pharmaceutical industry in Asia Pacific has witnessed rapid growth in the recent past. For instance, according to data published by Invest India, a government body of India, the pharmaceutical sector in India is expected to be valued around US$ 55 billion by end of 2020 and it is expected reach US$ 100 billion by 2025.

Key Players in the Global NIR Moisture Analyzers Market:

Key players operating in the market are BÜCHI Labortechnik AG, FINNA SENSORS, MoistTech Corp., Sensortech Systems Inc., Process Sensors Corporation, Analyticon Instruments Corporation, Kett Electric Laboratory, Limab AB, Malvern Panalytical Ltd., AMETEK, Inc., Michell Instruments Inc., Mettler-Toledo International, Inc., Sartorius AG, Metrohm AG, and others.

Global NIR Moisture Analyzers Market Taxonomy:

Global NIR Moisture Analyzers Market, by Product Type:

  • Desktop Moisture Analyzers
  • Handheld Moisture Analyzers

Global NIR Moisture Analyzers Market, by End-use Industry:

  • Pharmaceutical
  • Chemical Industry
  • Food Industry
  • Agriculture and Forestry
  • Textile

Global NIR Moisture Analyzers Market, by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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