(EMAILWIRE.COM, September 18, 2019 ) According to the new market research report "Mercury Analyzer Market by Type (Cold Vapor Atomic Absorption, and Cold Vapor Atomic Fluorescence), End Use (Environmental Monitoring, Food, Oil, Gas, & Petrochemical, Healthcare), and Geography - Global Forecast to 2023", the mercury analyzer market is expected to grow from USD 224.6 Million in 2018 to USD 315.1 Million by 2023, at a CAGR of 7.0% between 2018 and 2023. The increase in the number of regulations pertaining to environment protection, active participation of government and regulatory bodies to monitor environmental conditions, and increased government funding for pollution monitoring and control are the major factors propelling the growth of the said market.

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The mercury analyzer market has been segmented on the basis of type into cold vapor atomic absorption and cold vapor atomic fluorescence. Cold vapor atomic absorption (CVAA) is expected to lead the market during the forecast period owing to its wide acceptance across various industries, such as mining, cement, and food, for determining the total mercury content in a given sample. CVAF is expected to grow with a highest rate during the forecast period.

Moreover, the market is segmented on the basis of end use into environment monitoring (air, water, and soil); food; oil, gas, & petrochemical; healthcare; and others. Among all the end uses, environment monitoring is leading in terms of market share as well as expected to grow at the highest rate. Stringent government regulation to monitor and control mercury emission into atmosphere is the major factor driving the growth of this segment during the forecast period.

Browse and in-depth TOC on "Mercury Analyzer Market"

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The mercury analyzer market has been segmented on the basis of region into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). APAC is estimated to be leading and the highest growing market for mercury analyzers due to increased mercury emission from growing industrialization and stringent regulations governing mercury emission and control. The increasing regulations pertaining to environment protection, along with active participation of government and regulatory bodies to monitor environmental conditions, and increased government funding for mercury pollution monitoring and control are the major factors contributing to the market growth in this region. Countries such as China, Japan, and India are the major revenue contributors to the market in this region.

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The mercury analyzer market is moderately competitive with limited global and local market players operating into the market. The key players operating in the market covered in this report are Teledyne Leeman Labs (US), Tekran (Canada), Thermo Fisher (US), PerkinElmer (US), Milestone (US), Analytik Jena (Germany), Nippon Instruments (Japan), Hitachi High-Technologies (Japan), Mercury Instruments (Germany), and Lumex (Canada), among others.

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