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At 5.5% CAGR, Global Silica Analyzer Market to Surpass US$ 161.9 Mn By 2026, Forecast Report By Zion Market Research

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Silica Analyzer Industry Perspective:

The global silica analyzer market size was worth USD 105.5 Million in 2018 and is estimated to grow to USD 161.9 million by 2026, with a compound annual growth rate (CAGR) of approximately 5.5?% over the forecast period.

The report covers forecasts and analyses for the global silica analyzer market on a global and regional level. The research report presents a comprehensive valuation of the market, competition, opportunities, emerging trends, and industry-validated market figures. The study provides historic data from 2016 to 2018 along with a forecast from 2019 to 2026 based on revenue (USD Million).

Silica Analyzer Market: Overview

The global silica analyzer market is likely to witness prominent growth within a few years and is anticipated to grow at a noteworthy rate within the forecast period. The enormous potential has been accounted for in the silica analyzer market due to its variety of attributes and growing demand in the market. User-friendly touchscreen interface, simplicity, reliability, automatic cleaning, calibration, and zero delivery high accuracy measurements are the major attributes that are propelling the demand for the market.

The Silica analyzer instrument has a crucial role in the protection of equipment from corrosion and reassurance of water quality which is one of the driving factors for the market. Additionally, the rise in the demand from the end-use industry such as power generation, semiconductor manufacturing, and others has created a significant opportunity for the market within the forecast period.

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Silica Analyzer Market: Segmentation

The global silica analyzer market has been categorized on the basis of the type and end-use industry. Based on type, the silica analyzer market is classified into portable and fixed. Based on the end-use industry, the silica analyzer market is classified into power generation, semiconductor manufacturing, and others. In the power generation industry, the silica analyzer monitors the ultra-purity of the water and the measurement of silica in boiling steam water which is used in power generation plants.

This offers excellent reliability, and efficiency and avoids scaling on the turbine which improves the thermal efficiency of water in the power plant. Moreover, the silica analyzer aids to improve ion-exchange production and minimization of silica deposition on the turbines. Additionally, it is proficient in quantifying the silica levels in the demineralization and generation of steam plants. APAC is likely to account for the maximum share within the forecast period owing to the largest energy consumers which are expected to create a high potential for the market. China and India have more coal-fired power plants depend on for power generation as coal is easily available.

Silica Analyzer Market: Growth Factors

There are various drivers that are up-surging the industry at a faster rate. The primary driver that is boosting the industry is the importance of accurate silica measurement in the steam/water cycle for optimizing power plant efficiency as it directly impacts the effectiveness of the turbines. For instance, if the level of silica goes beyond the required range then it might decrease the productivity of the turbine. The secondary driver is the growing number of power plants which is ultimately pushing the growth of the market.

One of the factors which might hamper the global silica analyzer market is regular maintenance and replacement of parts. Reagents such as citric acid/surfactant and molybdate 3 which is there in the sample bottles are to be filled regularly for the proper working of silica analyzers. Also, sample bottles should be cleaned on a regular basis. In silica analyzers, the connecting tubes are used which must be cleaned periodically for precise analysis of the sample.

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