Market Size and Overview:

The estimated Compound Annual Growth Rate (CAGR) for the global Moisture Meter in the process control market is 3.8%. It is anticipated to achieve a valuation of $1.63 billion in the year 2023, with a further projection to attain a market size of $2.11 billion by the year 2030.

Market Overview:

Moisture and water content play a crucial role in influencing material quality and processing costs across diverse industries such as chemical, food, pharmaceuticals, construction, and others. The demand for Moisture Meters for process control is steadily increasing, driven by the need to accurately detect moisture levels in products to ensure quality. These devices, also known as moisture balances, are essential across various sectors including agriculture, construction, paper, leather, etc., aiming to enhance material quality and durability. Moisture Meters for process control typically consist of weighing and heating units, contributing to the identification of volatile components like water, fats, oils, and organic solvents. The operational process involves placing a sample in a chamber and continuous heating. Technicians with minimal training can operate these devices, providing reliable and replicable results. The equipment comprises heating and weighing units, a display, control unit, optional printer, and interfaces for connecting peripheral devices like PCs and external printers.

COVID-19 Impact on the Moisture Meter for Process Control Market:

The Moisture Meter for process control market experienced a downturn in early 2020 due to the global impact of the COVID-19 pandemic. The widespread lockdowns led to a shift in focus towards essential industrial products, reducing manufacturing processes and demand for non-essential items. Shutdowns in the food industry further hindered market growth. Despite these challenges, the market is expected to rebound as COVID-19 infection rates decrease, and production facilities resume operations.

Market Drivers:

The growth of the food and beverages industry is boosting the market for Moisture Meter for process controls:

The food and beverages industry's expansion is propelling the Moisture Meter for the process control market. These devices are crucial in preserving the quality of perishable food and beverage products throughout the production and distribution process.

Growing demand for these devices in the pharmaceutical industry is bolstering the market size:

Increased demand for Moisture Meters in the pharmaceutical industry is contributing to market growth. The pharmaceutical sector's stringent quality requirements necessitate precise control over chemical compositions, with a focus on maintaining accurate moisture content during manufacturing.

Market Restraints:

Stability and reliability issues of the devices are hampering the market growth:

Stability and reliability issues in Moisture Meters for process control devices pose challenges to market growth. Accuracy is paramount in moisture content analysis, and any insufficiency or inaccuracy can lead to unsuitable outcomes. Adverse temperature conditions impact instrument electrolysis time, speed, reliability, and stability. Variables such as incorrect adjustments, mechanical defects, wrong sample preparation, or operator errors may compromise device stability and reliability, hindering global market growth.

Moisture Meter for Process Control Market – By Product Type:

The Moisture Meter for process control market is categorized into six main product types:

• Paper Moisture Meter
• Absolute Paper Moisture Meter
• Relative Paper Moisture Meter
• Soil Moisture Meter
• Concrete Moisture Meter
• Wood Moisture Meter
• Air Moisture Meter
• Others

Moisture Meter for Process Control Market – By Technology Type:

The market is divided into two main technology types:

• Digital
• Analog

Moisture Meter for Process Control Market – By Mobility Type:

The market is segmented into three main mobility types:

• Portable
• Benchtop
• In-line

The demand for in-line Moisture Meters for process control is anticipated to exhibit the highest growth during the forecast period. This is attributed to the rapid adoption of process automation in various industries, fostering the need for in-line Moisture Meters.

Moisture Meter for Process Control Market – By Probe Type:

The market is classified into three main probe types:

• Pin
• Pinless
• Combination

Moisture Meter for Process Control Market – By Technique Type:

The market encompasses five main technique types:

• Loss On Drying
• Infrared Radiation
• Microwave Radiation
• Karl Fischer Titration
• Capacitance

Infrared Moisture Meters for process control dominate the market share due to their empirical, time-efficient, and user-friendly characteristics. The non-destructive, contactless, and versatile nature of these meters, capable of operating with both liquids and solids, further contributes to their market augmentation.

Moisture Meter for Process Control Market – By Industry:

The market is segmented across various industries:

• Plastic and Polymer
• Pharmaceuticals
• Chemical and Petroleum
• Food and Beverage
• Wood, Paper, and Pulp
• Research and Academics
• Construction
• Water Treatment and Biomass
• Semiconductor
• Metal and Mining

The food and beverage industry holds the majority market share and is expected to experience the fastest growth during the forecast period, driven by stringent government regulations ensuring high-quality edible products.

Moisture Meter for Process Control Market – By Region:

The market is regionally divided into five major segments:

• North America
• Europe
• South America
• Asia-Pacific
• Middle-East and Africa

Europe and Asia-Pacific are projected to achieve a significant CAGR, surpassing USD 602 million by 2030, with the agriculture and construction industries driving growth. The U.S. and Canada are expected to witness remarkable growth due to increased automation in the agriculture sector. Asia-Pacific (excluding Japan) is anticipated to dominate the market, fueled by developments in the pharmaceutical and food and beverages industries, coupled with substantial investments in the chemical industry.

Moisture Meter for Process Control Market – By Companies:

Key companies in the market include:

• Ametek Inc. (US)
• Kett Electric Laboratory (Japan)
• Michell Instruments Inc. (US)
• General Electric Co. (US)
• PCE Instruments (Norway)
• Mettler-Toledo International Inc. (US)
• Spectrasensors Inc. (US)
• Thermo Fisher Scientific Inc. (US)
• Adam Equipment Inc. (UK)
• Brookhuis Applied Technologies (Netherlands)

Key Recent Developments:

• In April 2021, Mettler-Toledo International Inc. acquired PendoTECH, expanding its product portfolio and business reach.
• In December 2021, Ametek Inc. announced the acquisition of Alphasense, enhancing technological capabilities and strengthening research and development activities.