Steam and Water Analysis System Market Size, Share, and Growth Analysis, By Type (Fixed and Mobile), By Application (Power and Energy, Oil and Gas, Chemicals, and Mining), Regional Forecast to 2028

Updated On: 15 May 2023

REPORT OVERVIEW

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The global steam and water analysis system market size expanded in 2022 and is expected to experience consistent growth by 2028 exhibiting a positive CAGR. The global COVID-19 pandemic has been unprecedented and staggering, with steam and water analysis system experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

A steam and water analysis system is used to test and analyze hot steam and water samples to keep track of the water chemistry in steam boilers and hot water plants. For instance, steam boiler facilities running in low TDS mode frequently examine condensate, boiler feed water, boiler water, main steam, and saturated steam. The sample chiller, sample cation exchangers, valves, instruments, and pipelines are all placed in a sampling rack as part of the system equipment. The analysis of steam and water is the focus of the steam and water system. 

The steam and water analysis system keeps the water-steam circuit secure by continuously monitoring critical parameters, including pH, conductivity, and sodium. These characteristics are measured to keep precipitation from condensing in boiler pipes, heat exchangers, and superheaters. All of these elements support market expansion. The system for analyzing steam and water is flexible, modular, and expandable. This system is used to analyze and test hot and water samples to track the chemistry of hot water and steam boiler facilities. The instruments, sampling cation exchangers, sample chiller, valves, and pipelines that comprise the steam and water analysis system are set up in a sampling rack. Only the water and steam are examined using the steam and water analysis technology.

COVID-19 Impact: Government Regulations for People’s Safety Hampered Market Growth

Due to government regulations for the safety of people and industries, businesses were closed during COVID-19. Only sectors that produce necessities were operating at half-capacity, which resulted in a decrease in the amount of energy or electricity needed. However, now that things have returned to normal, most industries operate at full capacity. Large-scale production and manufacturing processes increase electricity demand, which fuels the steam and water analysis system market growth.

LATEST TRENDS

"Expanding Power and Energy Sector to Prosper Market Growth"

The power and energy sector is a major global market driver. The elements contributing to the expansion of the water analysis system include the need for reliable measurements of essential parameters like conductivity, pH, and sodium to maintain the collection of precipitation in heat exchangers, boiler pipes, and superheaters. The steam and system water analysis monitors the quality of water in the plant and maintains the safety of the water-steam circuit at all times. The power and energy sector is the main industry driving the steam and water analysis systems market. 

Segmentation

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• By Type Analysis

By type, the market is segmented into fixed and mobile.

• By Application Analysis

Based on application, the market is classified into power and energy, oil and gas, chemicals, and mining.

DRIVING FACTORS

"Rising Focus on Water Evaluation to Propel the Product Demand"

The increasing focus on evaluating water to determine microbiological contamination for medicinal reasons. The demand for water testing and analysis will increase in the foreseeable future, attributed to the rising levels of water pollution, which have increased the need to deliver water testing services in recent years. For example, Eurofins offers thorough water testing services to companies that produce food, drinks, and packaged drinking water. These services include chemical analyses, radioactive, and other special hoc tests.

"Increasing Demand for Electricity to Cater Market Growth"

The market is expected to expand substantially in the next few years due to the increased need for energy or electricity. The primary consumer of this steam boiler system market are power plants, and the powerhouse can support market expansion. The demand for heating, cooling, and electricity is rising in onshore and offshore exploration activities. The production of an efficient and reliable source of energy coupled with flexibility are estimated to cater to steam and water analysis system market growth.

RESTRAINING FACTORS

"High Initial Investment to Restrict Market Growth"

The high cost of the investment may hamper steam and water analysis system market growth. The installation and maintenance of the system cost high, which may limit the market growth in the foreseeable future. 

REGIONAL INSIGHTS

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"North America to Be Dominant Due to the Growing Incidence of Waterborne Diseases"

North America is estimated to lead the steam and water analysis system market share by rising incidences of waterborne diseases. Additionally, the rising demand for products from a large number of end user industries in the region will augment growth in the region. 

Asia Pacific is estimated to show prominent growth backed by the growing water pollution in the region. Rapid adoption of water treatment technologies is predicted to further prosper market growth.

KEY INDUSTRY PLAYERS

"Key Companies to Emphasis on the Development of Advanced Technology"

Key market players are investing heavily on research and development of the product. Companies are also paying focus on launching advanced products. Emphasis on gaining collaborations, mergers, and acquisitions is increasing among leading players. The major market players are striving to maintain partnerships with other key players in the same industry. Gaining partnerships with other companies will develop a strong consumer base in the global market. The key competitors are adopting organic and inorganic growth strategies to surge their market share in the global market. 

List of Market Players Profiled

• Forbes Marshall (India)
• Eureka Industrial Equipment Pvt Ltd (India)
• Steam Equipment Pvt. Ltd (South Africa)
• Endress+Hauser Management AG (Switzerland)
• Asia Technology and Engineering Pvt. Ltd. (Singapore)
• Beijing Time power Measure and control equipment Co. Ltd (China)
• Modcon (U.K.)
• Haemilsystem Co.Ltd (India)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for various factors to show potential investment areas. From 2021 through 2027, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.