Summary
The moisture analyzer market is expected to grow from USD 1.15 Billion in 2016 to
USD 1.41 Billion by 2022, at a CAGR of 3.3% between 2017 and 2022. The moisture
analyzer market is mainly driven by factors such as increasing demand from traditional
as well as new verticals and rapid adoption in Asia.
The moisture analyzer market is segmented on the basis of analyzing techniques,
which include Karl Fischer titration, loss-on-drying, capacitance, microwave, drying
oven, near infra-red, radio frequency and others. Among these techniques, the market
for near-infrared (NIR) technique is expected to grow at the fastest rate between 2017
and 2022. This is mainly because NIR analyzers provide the opportunity to measure
moisture content in the product during the manufacturing process. With the growing
process automation in various industries, the demand for in-line moisture analysis is
growing, and NIR analyzers are the best fit for the continuous analysis of moisture
during the product manufacturing process.