What is Viscometers Market?
The global viscometers market is expected to grow at a sluggish pace during the forecast period, according to the AMA study. Growing adoption of viscometers in the material processing industry and rising expansion of refineries across different regions are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness decline in the growth during FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (Standard Laboratory Viscometer, Falling Ball Viscometer, Falling Piston Viscometer, Oscillating Piston Viscometer, Vibrational Viscometer, Rotational Viscometer and Others), by Application (In-Line Process and Portable) and major geographies with country level break-up.
AMETEK Inc (United States), Anton Paar GmbH (Austria), Bartec GmbH (Germany), Cannon Instrument Company (United States), FUJI ULTRASONIC ENGINEERING Co. Ltd. (Japan), Fungilab (Spain), Hydromotion, Inc (United States), Marimex (Belgium), Normalab (France), OFI Testing Equipment (United States), RheoSense Inc. (United States), Sofraser (France), Spectro Scientific (United States), Stony Brook Scientific Ltd. (United States), Thermo Fisher Scientific (United States) and Waters Corporation (United States) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Viscometers market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Viscometers market by Type, Application and Region.
On the basis of geography, the market of Viscometers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Adoption of Viscometers in the Material Processing Industry Owing to High Demand for the Measurement of Viscocity of Fluids
- Increasing Expansion of Refineries Across the World
Market Trend
- Rising Automation Across Different Industries
Restraints
Opportunities
- Opportunities in the Asia Pacific Region
- Industrial Revolution 4.0 is Expected to Create Huge Opportunities for the Market Vendors During the Forecast Period
Challenges
- Recent Economic Challenges Across Different Industries Caused by the COVID-19 Pandemic Owing to Reduced Operations Across Different Industries
Stringent Government Regulations Regarding the Shutting Down of Operations Across Different Industries which is Leading to Reduction in the Growth of the Market
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