Mercury Analyzer Market Size, Share & Trends Analysis Report By Type (Cold Vapor Atomic Absorption, Cold Vapor Atomic Fluorescence), By End Use (Environmental Monitoring, Food Industry), By Region (North America, Europe), And Segment Forecasts, 2024 - 2030

Mercury Analyzer Market Size & Trends

The global mercury analyzer market size was estimated at USD 298.8 million in 2023 and is projected to to grow at a CAGR of 6.3% from 2024 to 2030. The increasing regulatory framework and rising awareness regarding mercury contamination is anticipated to boost the demand for the product over the forecast period. Mercury analysis plays a crucial role in environmental monitoring, industrial hygiene, as well as in food and chemical processing. High level of mercury in air, water, food, or other goods can lead to severe impact on health, leading to a neurological disease called Minamata disease. The rising health awareness and health consciousness are likely to increase the demand for mercury analyzers for a safe environment.

The rising rate of industrialization across the world is significantly leading to increasing mercury contamination in the surroundings. According to the National Institute of Health of the U.S., the mercury release in the atmosphere has increased three- to ten-fold as compared to the pre-industrialization era. The rising mining activities and industrial activities are leading to increasing mercury release in the environment.

Mercury analyzer is a cutting-edge device that delivers instantaneous monitoring of air quality, detecting mercury vapor with unparalleled selectivity, efficiency, and sensitivity. The systems operate without the need for pre-concentration phases or complex preparation steps. This technology finds extensive application across the petrochemical, oil, and gas sectors, offering robust solutions for mercury detection in diverse mediums like liquids, natural gas, and solids, as well as in air quality.

Drivers, Opportunities & Restraints

The mercury analyzer market is expected to experience significant growth owing to the surge in industrial activities, especially within the petrochemical, oil, gas, and mining sectors across the world. For instance, the demand for minerals and metals, including rare earth elements crucial for modern technologies such as smartphones and electric vehicles, has led to increased mining activities. The increasing consumer spending on consumer electronics is in turn leading to rising mining activities and investments.

The rising industrial activities also necessitate rigorous environmental and safety standards, bolstering the need for effective mercury detection equipment. Recognizing the toxic effects of mercury exposure on human health, industries, and regulatory bodies emphasize workplace safety and ambient air quality, propelling the demand for mercury analyzers. The mercury analyzers that can provide quicker, more accurate, and lower detection limits at a reasonable cost are likely to drive the market forward.

Technological trends such as enhanced connectivity options, including Wi-Fi and Bluetooth, allowing for easy data transfer and remote operation of mercury analyzers are rising in the market. Manufacturers of mercury analyzers are investing in research & development activities to provide cutting-edge technologies in the mercury analyzers.

Type Insights

“The demand for cold vapor atomic fluorescence type segment is expected to grow at a significant CAGR of 6.6% from 2024 to 2030 in terms of revenue”

Cold vapor atomic absorption (CVAA) segment dominated the market with a revenue share of 69.4% in 2023. Its operation is based on absorption of light by mercury vapor at a specific wavelength. This method is cost-effective and highly accurate for higher mercury concentrations and has been widely adopted by the industries. However, this method often necessitates more preparation and can have limitations in terms of detecting very low levels of mercury.

Cold vapor atomic fluorescence (CVAF) is anticipated to grow at a significant CAGR over the forecast period. This technology type has become increasingly popular due to its enhanced sensitivity and lower detection limits compared to CVAA. CVAF uses fluorescence rather than absorption, which allows for much lower mercury concentrations to be detected, making it ideal for applications requiring very high precision and accuracy. The rising demand for CVAF is highly attributed to its superior sensitivity and the growing requirements for low-level mercury detection in various industries.

End Use Insights

“The demand for food industry segment is expected to grow at a significant CAGR of 7.0% from 2024 to 2030 in terms of revenue”

Environmental monitoring segment held the largest revenue share of 27.4% in 2023. Environmental monitoring uses mercury analyzer devices for testing water, soil, and air quality to detect mercury pollution and ensure compliance with environmental regulations. The growing global emphasis on environmental protection and sustainable practices has led to stringent mercury emission norms, driving the demand for mercury analyzers.

The food industry segment is expected to witness the fastest CAGR over the forecast period. Rising consumption of processed food products, globalization in food industry, and increasing innovation in new processed food products is expected to boost the demand of the market. In food industry, mercury analyzers are used to ensure the safety and quality of food, especially in seafood products where the possibility of contamination by mercury is evidential owing to bioaccumulation in fish and shellfish.

Regional Insights

North America market is anticipated to witness significant growth over the forecast period. The market is propelled by the significant focus on the environmental conservation, parallelled regulatory developments, and growing importance of public health and awareness. Prominent market players in North America are focusing on expanding their product portfolio, entering strategic partnerships, and investing in R&D to innovate and develop new products that meet the evolving needs of the market.

“Asia Pacific to witness fastest market growth at 6.6% CAGR”

The Asia Pacific market accounted for the largest revenue share of 36.9% in 2023. The market is driven by the high demand from the manufacturing industry, mining activities, petrochemical, and food processing activities. Further, the rising regulatory framework for strengthening safety of the workplaces is driving the growth of the market in Asia Pacific.

The mercury analyzer market in India is estimated to grow at a significant CAGR of 7.3% on revenue basis over the forecast period. The government initiatives and rising foreign direct investments boosting the industrial sector in India expected to positively impact the market growth over the forecast period.

Europe Mercury Analyzer Market Trends

Europe market is driven by stringent regulatory compliance by the government and regulatory bodies to ensure the utmost safety and quality of products. European regulations such as EU Mercury Regulation (EU) 2017/852, Water Framework Directive, European Commission Regulation 2022/617, etc. have provided various standards and limitations pertaining to the level of mercury contamination.

Key Mercury Analyzer Company Insights

Some of the key players operating in the market include Perkin Elmer Inc., Thermo Fisher Scientific Inc., Lumex Instruments, Hitachi High-Tech Corporation, Nippon Instruments, among others.

• Perkin Elmer Inc. is a global corporation focused in the sectors of diagnostics, life science research, food, environmental, and industrial testing. The company offers a wide range of products and services including analytical instruments, genetic testing and diagnostic tools, medical imaging components, and informatics solutions.

• Lumex Instruments is a global company specializing in the development and manufacturing of high-quality laboratory and industrial analytical equipment, instruments, and technologies for applications in industrial, research, and environmental sectors. The company offers advanced solutions for the monitoring of air, water, and soil quality such as mercury analyzers.

Teledyne Leeman Labs, Milestone Systems A/S, ENVEA GmbH are some of the emerging market participants in the market.

• Teledyne Leeman Labs is a prominent manufacturer and provider of analytical instrumentation for elemental analysis. The company specializes in the design and manufacturing of a wide range of spectrometers, including inductively coupled plasma (icp) spectroscopy instruments and mercury analyzers, among others.

• ENVEA GmbH is an emerging company specifically dealing with environmental monitoring and industrial process control solutions. Headquartered in Europe, the company has expanded at a global level through various subsidiaries and partners. The company provides a wide range of instruments and systems designed for the continuous monitoring of environmental parameters such as air quality, emissions, particles, and flow.

Recent Developments

• In February 2024, Lumex Instruments announced the launch of a new Light 915M2 mercury analyzer. The new mercury analyzer provides precise and real-time analysis for environmental and laboratory analyses.

• In January 2023, The Asian Institute of Technology (AIT), in collaboration with IDEA Consultants, Inc., and Nippon Instruments Corporation, launched a new Mercury Lab. The new laboratory is an initiative to strengthen research and academic collaboration and to promote joint research activities pertaining to shaping the international agenda and mercury management.

Mercury Analyzer Market Report Scope

Global Mercury Analyzer Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global mercury analyzer market report based on type, end use, and region:

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Cold Vapor Atomic Absorption (CVAA)

  • Cold Vapor Atomic Fluorescence (CVAF)

• End Use Outlook (Revenue, USD Million, 2018 - 2030)

  • Environmental Monitoring

  • Food Industry

  • Oil & Gas

  • Petrochemical

  • Healthcare

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE