Frost Radar in the Process Analytical Instrumentation Market
Published on: 30-Jul-2019 | SKU: TM00596-GL-MR_23406

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The process analytical instrumentation market includes analyzers that are plugged in as part of the industrial process and provide real-time measurements. Process analytical Instrumentation consists of four segments: process gas chromatographs, spectrometers, and gas and liquid analyzers.

Process gas chromatography is the most widely used analysis for process engineering. It is the most conventional method for gas analysis as a number of components can be monitored simultaneously. Frequent maintenance and high downtime are key issues of gas chromatographs. A process modular oven option is introduced the gas chromatograph that can be repaired and replaced by another module. This will reduce the downtime of the equipment and improve productivity of the process. Although process gas chromatographs are found challenging by customers, it is the most used analyzer for hydrocarbon and other complex gas analysis.

Under the process spectrometer segment, FTIR spectrometers have a small footprint and the capability to measure different types of samples. Advanced features including touch interface and evaluation allow the user to quickly measure and analyze. TDLS, IR, and UV-Vis spectrometers in the continuous form factor are the most in-demand spectrometers.

Process gas analyzers are changing in terms of less maintenance and minimal calibration requirements. Zirconia analyzers occupy the largest share of the segment at more than 31.5%. However, there is significant competition from TDLS for its low maintenance cost. Safety is critical: in the field of exploration, extraction, production, processing, distribution, and transportation in the oil and gas and petrochemical industries, gas analyzers are useful in delivering safe and efficient operation.

Portable liquid analyzer solutions are in demand. As these products are comparatively low cost, there is intense competition in the fragmented market segment. Incumbent vendors that sell regionally are prevalent. High functionality at minimal cost is a growing demand. More types of liquid analyzers are used in water and wastewater, food, and pharma industries.

The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

Industry Overview

Process Analytical Instrumentation Market Segments

The Frost Radar

Frost Radar—Description of Companies Plotted

ABB

Ametek Process Instruments

Bruker

Emerson Process Management

Endress & Hauser

Extrel

Focused Photonics

Hach

Horiba Scientific

Mettler Toledo

MKS Instruments

Neo Monitors

Schneider Electric

Servomex

Sick

Siemens

Teledyne Technologies

Thermo Fisher Scientific

Xylem

Yokogawa

The Last Word—Key Takeaways

Legal Disclaimer

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)

Frost Radar—C2A

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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The process analytical instrumentation market includes analyzers that are plugged in as part of the industrial process and provide real-time measurements. Process analytical Instrumentation consists of four segments: process gas chromatographs, spectrometers, and gas and liquid analyzers. Process gas chromatography is the most widely used analysis for process engineering. It is the most conventional method for gas analysis as a number of components can be monitored simultaneously. Frequent maintenance and high downtime are key issues of gas chromatographs. A process modular oven option is introduced the gas chromatograph that can be repaired and replaced by another module. This will reduce the downtime of the equipment and improve productivity of the process. Although process gas chromatographs are found challenging by customers, it is the most used analyzer for hydrocarbon and other complex gas analysis. Under the process spectrometer segment, FTIR spectrometers have a small footprint and the capability to measure different types of samples. Advanced features including touch interface and evaluation allow the user to quickly measure and analyze. TDLS, IR, and UV-Vis spectrometers in the continuous form factor are the most in-demand spectrometers. Process gas analyzers are changing in terms of less maintenance and minimal calibration requirements. Zirconia analyzers occupy the largest share of the segment at more than 31.5%. However, there is significant competition from TDLS for its low maintenance cost. Safety is critical: in the field of exploration, extraction, production, processing, distribution, and transportation in the oil and gas and petrochemical industries, gas analyzers are useful in delivering safe and efficient operation. Portable liquid analyzer solutions are in demand. As these products are comparatively low cost, there is intense competition in the fragmented market segment. Incumbent vendors that sell regionally are prevalent. High functionality at minimal cost is a growing demand. More types of liquid analyzers are used in water and wastewater, food, and pharma industries. The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
More Information
Deliverable Type Frost Radar
No Index No
Podcast No
Author Janani Balasundar
Industries Test and Measurement Instrumentation
WIP Number PAA2-01-00-00-00
Is Prebook No
GPS Codes 9404-A5,9594,9ACC-A5

Frost Radar in the Process Analytical Instrumentation Market

Test and Measurement InstrumentationFrost Radar in the Process Analytical Instrumentation Market

A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
30-Jul-2019
REGION
Global
Deliverable Type
Frost Radar
Research Code: PAA2-01-00-00-00
SKU: TM00596-GL-MR_23406
AvailableYesPDF Download
$4,950.00
In stock
SKU
TM00596-GL-MR_23406