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Global Titrators (Automatic and Manual) Industry

Global Titrators (Automatic and Manual) Industry

  • October 2020
  • 438 pages
  • ID: 98416
  • Format: PDF
  • Global Industry Analysts

Summary

Table of Contents

MARKET IMPACT SURVEY - COVID-19 & LOOMING RECESSION

Timely market intelligence is paramount in these uncertain times!

We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!

Cuts Backs On Capital Spending in the Wake of COVID-19 Thwarts All Hopes of Growth for Titrators. Market Slumps by -6%

The global market for Titrators (Automatic and Manual) is expected to slump by -6% in the year 2020 and thereafter recover and grow to reach US$470.5 million by the year 2027, trailing a post COVID-19 CAGR of 4.4% over the analysis period 2020 through 2027. CAPEX cuts in the COVID era have become increasingly common and widespread. Global decline in demand for manufactured goods and services has forced companies to reprioritize spending and focus on cash liquidity position. Hard hit companies in oil and gas, chemicals and utilities sectors are cutting CAPEX at high rates in addition to cutting dividends and/or suspending share repurchases in an attempt to conserve cash. Companies are getting smart about capital spending. Rather than a temporary phenomenon, the work-from-home (WFH) trend is receiving a lot of attention as the perfect way to permanently reduce future spending by freeing up expenditure on office real estate and on-premises infrastructure. A significantly large number of companies have voiced plans to permanently offload over 50% of their employee to the WFM model. For the year 2020, Transportation, Pipelines, Oil & Gas, Chemicals, Metals & Mining and Advanced Industries are expected reduce CAPEX by -80%, -45%, -36%, -30%, -27%, and -36% respectively. Decline in CAPEX in the chemical industry to just US$134.8 billion in the year is expected severely impact the Titrators market, given that the chemical industry is the largest end-use sector.

Chemical analysis is a key part of the chemical production process, given that the industry is tightly regulated and subject to several international standards. Impurity analysis is a key part of chemical production including sulfuric acid, the world’s most-produced chemical. Titration is the most common quantitative chemical analysis method to measure the concentration of a dissolved substance. Migration to automatic titrators was a major pre-COVID-19 trend given that less than 50% laboratories have currently adopted automated titration. Massive reductions in chemical production, erosion in revenues and cutbacks in CAPEX are expected to impact current & proposed procurement plans for automated titrators. In the post COVID-19 period, Smart Titration Systems will grow in demand for their ability to improve lab data management. The increasingly connected era where businesses and customers utilize smart devices to improve operational efficiencies and enhance quality is leading to the emergence of smart titration systems that are designed to help laboratories manage their titration equipment and data, in an effective manner. Modern day titration software is equipped with built-in reporting, security as well as full network capacities. The software, which provides an overview of currently running tasks, is also equipped with built-in library of titration methods. Advanced titration software also enables smart instrument control and management, allowing users to track instruments and their status while also simplifying scheduling of maintenance, adjustments and checks. Smart software additionally aids the integration of titration instrument control into the workflow for smart data management with in-built report generation.

Mettler-Toledo, a leading provider of titration systems and titrators, offers LabX, a software platform for managing the company’s titration instruments and data generated. This advanced software assists laboratories and titration equipment users in regulatory compliance, while also achieving higher productivity and efficiency. The need for superior data management in the increasingly connected business environment is expected to provide further opportunities for the adoption of smart titration software and systems. Driven by their abilities to offer accurate results within a short span of time, food and beverage manufacturers are now integrating potentiometric titrators. Increasing requirement of providing safe and affordable medicines is opening new avenues of growth for potentiometric titrators manufacturers. With an intention of expanding their footprints, India, China, Japan, South Korea, and various Latin American countries are undertaking various research and development initiatives for designing novel potentiometric titrators. The U.S. continues to maintain its position as a country with substantial R&D investment. As a result, the country is expected to account for majority of demand for potentiometric titrators. Fueled by rising concerns for maintaining high quality standards in the pharmaceutical industry, the global market for potentiometric titrators is expected to witness significant growth. With an intention of minimizing human intervention and ensuring safety of people, several researchers are now devising automated titration devices. Scientists are developing potentiometric titrators with easy to operate interface, built-in printer and diagnostic equipment.

Competitors identified in this market include, among others,
  • Cosa Xentaur
  • Csc Scientific Company
  • Dkk-Toa Corporation
  • Hach Company
  • Hanna Instruments Inc.
  • Hiranuma Sangyo Co. Ltd.
  • Hirschmann Laborgeräte Gmbh & Co. Kg
  • Jinan Hanon Instruments Co. Ltd.
  • Kyoto Electronics Manufacturing Co. Ltd.
  • Metrohm Ag
  • Mettler-Toledo International Inc.
  • Milliporesigma
  • Mitsubishi Chemical Analytech Co. Ltd.
  • Photovolt Instruments Inc.
  • Si Analytics Gmbh
  • Thermo Fischer Scientific Inc.
  • Xylem

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