Process Analytical Technology Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Process Analytical Instrumentation Industry Overview

The process analytical instrumentation market is fragmented, with several major companies operating in it. These companies continuously invest in strategic partnerships and product developments to increase their market share. Major players in the market include ABB Ltd, Siemens AG, Bruker Corporation, Emerson Electric Co., and Endress & Hauser. Some of the recent developments in the market are:

• April 2024 - The United States Pharmacopeia (USP) announced that it was crafting a dedicated General Chapter on Process Analytical Technology (PAT). This initiative seeks to define PAT, outline its key attributes, identify its enablers, and shed light on its practical applications within the pharmaceutical industry. The chapter's primary goal is to harmonize with prevailing scientific and regulatory benchmarks, with a strong emphasis on real-time monitoring, control, and quality assurance across pharmaceutical manufacturing. It also delves into the realm of PAT's role in enhancing process understanding and optimization, notably in Continuous Process Verification (CPV) and Real-Time Release Testing (RTRT).
• April 2024 - Valmet announced that it had finalized its acquisition of Siemens AG's Process Gas Chromatography & Integration business. This sector of Siemens AG specializes in the MAXUM II Gas Chromatograph platform, Systems Integration, and Customer Services. Gas chromatographs play a pivotal role in analyzing the chemical composition of gases and evaporable liquids across various production phases. Leveraging extensive expertise in chemical processes, liquefied natural gas (LNG), refining, and biofuels, this business equips its clients with crucial insights to enhance quality, sustainability, and safety globally.