The Particle Counters Market will be driven by the factors like; pharmaceutical and semiconductor industries, increasing spending on pharmaceutical R&D, and growth in the manufacturing industries in emerging nations are key factors driving the market growth for particle counters. Growth in the North American market is primarily driven by the growing pharmaceutical industry, rising hi-tech industries, and increasing employment of particle counters for air pollution monitoring.
What the Market Looks Like?
Predicted to grow at a CAGR of 3.7% during the forecast period, the Global Particle Counters Market is estimated to reach USD 330.6 Million.
Based on type, the market is segmented into airborne and liquid particle counters. In 2016, the airborne particle counters segment is expected to command the largest share of the global market. The large share of this segment can be attributed to factors such as increasing cleanroom monitoring in the manufacturing and pharmaceutical industries and growing awareness about indoor air quality monitoring. The airborne particle counters segment is further categorized into portable particle counters, remote particle counters, handheld particle counters, and condensation particle counters.
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On the basis of application, the global Particle Counters Market is segmented into cleanroom monitoring, air quality monitoring, contamination monitoring of liquids, drinking water application, aerosol monitoring and research, chemical contamination monitoring, and other applications. The cleanroom monitoring segment is expected to account for the largest share of the market.
On the basis of end user, the global market is segmented into the healthcare industry, semiconductor industry, automotive industry, aerospace industry, food and beverage industry, and other end users. In 2016, the pharmaceutical industry is expected to account for the largest share of the global Particle Counters Market. Rising geriatric population, increasing prevalence of chronic diseases, rising consumption of drugs, and growing spending in pharmaceutical R&D is expected to augment the demand for particle counters in this end-user segment.
What Drives the Market?
The growth of the global market for Particle Counters is primarily influenced by the following factors:
• Increasing Spending on Pharmaceutical R&D
• Industrial Growth in Various Industrial Sector
• Increasing Stringency of Regulatory Guidelines
• Growing Semiconductor Equipment Industry in Asia
• Product launches, expansions, acquisitions, agreements, partnerships, and joint ventures were the major strategies adopted by key players to achieve growth in this market.
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Geographical growth scenario of Particle Counters Market:
Geographically, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World. In 2016, North America is expected to account for the largest share of the global market. This is attributed to factors such as the growing pharmaceutical industry and increasing employment of particle counters for air pollution monitoring in the country. However, the Asia-Pacific market is projected to grow at the highest CAGR during the forecast period. Factors such as the growing pharmaceutical and semiconductor industries and increasing manufacturing activities in the region are expected to propel the market growth in Asia-Pacific.
Leading market players and strategies adopted:
The prominent players in the Particle Counters Market include Particle Measuring Systems (U.S.), Beckman Coulter (U.K.), RION Co., Ltd (Japan), Lighthouse Worldwide Solutions (U.S.), TSI (U.S.), and Climet Instruments Company (U.S.)