Global Inline Viscosity Sensors Market – Snapshot
Viscosity is an important parameter used for assessing the condition of lubricating and hydraulic oils. For the measurement of viscosity of a fluid, a viscometer is employed in order to gauge conditions of the fluid flow and liquids with viscosities that vary with flow conditions. The global inline viscosity sensors market is estimated to expand at a rapid pace during the forecast period. Chemical processing is a leading industry that has adopted the inline viscosity sensor technology. Moreover, across the globe, different types of food and beverage processing industries are continuously investing in the adoption of this technology in order to improve their manufacturing processes. This factor is expected to augment the global inline viscosity sensors market in the next few years. The global inline viscosity sensors market is projected to reach value of US$ 243.0 Mn by 2027 from US$ 153.6 Mn in 2018, registering a CAGR of 5.3% during the forecast period.
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The global inline viscosity sensors market is witnessing significant growth, due to the rising demand from end-use industries such as oil & energy, pharmaceutical, and food & beverages. Incorporation of advanced features in viscosity measurement in the oil & energy industry is likely to drive the global inline viscosity sensors market during the forecast period. Additionally, in industrial automation, rotational viscometers are widely used. They are immersed in the fluid whose viscosity is to be measured. Along with this, in the food & beverages industry, viscosity measurement plays an important role in nearly all production stages. This is expected to propel the global inline viscosity sensors market in the next few years. Additionally, various countries across the globe are implementing strict rules and regulations to ensure that food and beverage production meets stringent requirements. Increase in the demand for processed food and beverages and rapid industrialization are expected to offer immense opportunities to the global inline viscosity sensors market during the forecast period. However, price-based competition and requirement for skilled professionals to operate and maintain inline viscosity meters during a manufacturing process are major factors expected to hinder the global inline viscosity sensors market during the forecast period.
The market in North America is expected to expand at a prominent CAGR during the forecast period. Increasing investments in oil & gas and food & beverages industries, presence of a large number of market players, and high awareness about advanced technologies in North America are fueling the market in the region. Demand for inline viscosity sensors is expected to be high in the U.S., owing to increasing usage of these sensors in hazardous applications and significant investments in exploration and refining activities in the country. Furthermore, the market in Asia Pacific is anticipated to expand at a significant CAGR from 2019 to 2027. Demand for inline viscosity sensors in Asia Pacific is expected to rise during the forecast period, owing to increasing demand in chemical and oil & gas industries in this region. Furthermore, developing economies, such as China and India, are expanding at a rapid pace and the penetration of inline viscosity sensors in Asia Pacific is rising. China held a significant share of the market in Asia Pacific in 2018. Increasing demand for inline viscosity measurement applications and decreasing costs in the long run are expected to prompt investors to invest in this new technology in the near future. Maintaining quality standards is essential for manufacturers of inline viscosity sensors to comply with stringent government regulations that have been set for different end-use industries in different countries across the world. Moreover, companies are engaging in various acquisitions and focusing on expanding their business and entering into strategic partnerships through new service additions and expansion of geographical presence.
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Some of the major players operating in the global inline viscosity sensors market and profiled in the study are Ametek Brookfield, PAC L.P., VAF Instruments B.V., Parker Kittiwake, Martechnic GmbH, Cambridge Viscosity Inc.(PAC), A&D, AVENISENSE, Merimex Industries, Hydramotion, Emerson Electric, Sofraser, Rheology Solution, Anton Paar GmbH, Galvanic Applied Sciences, LEMIS Process, and A&D Company.
