NIR MOISTURE ANALYZERS MARKET ANALYSIS
Global NIR Moisture Analyzers Market: Regional Insights
On the basis of the region, the NIR moisture analyzers market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account for the largest market share during the forecast period, owing to the presence of key players in the region such as FINNA SENSORS, MoistTech Corp., Sensortech Systems Inc., Process Sensors Corporation, Analytical Instruments Corporation., AMETEK, Inc., Mettler-Toledo International, Inc., and others.
Moreover, apart from North America, Asia Pacific is expected to witness positive growth in the NIR moisture analyzers market during the forecast period owing to the increasing adoption of NIR moisture analyzers in the pharmaceutical industry. The pharmaceutical industry in Asia Pacific has witnessed rapid growth in the recent past. For instance, according to data published by Invest India, a government body of India, the pharmaceutical sector in India is expected to be valued around US$ 55 billion by end of 2020 and it is expected reach US$ 100 billion by 2025.
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