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Process Analyzer Market size is set to grow by USD 2.07 billion from 2024-2028, Capacity additions in major end-user industries boost the market, Technavio

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NEW YORK, Aug. 5, 2024 /PRNewswire/ — The global process analyzer market size is estimated to grow by USD 2.07 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.5% during the forecast period. Capacity additions in major end-user industries is driving market growth, with a trend towards vendors introducing portable process analyzers. However, low adoption by small-scale industrial facilities in developing countries poses a challenge. Key market players include ABB Ltd., Agilent Technologies Inc., AMETEK Inc., Aneolia SARL, Bruker Corp., Danaher Corp., Emerson Electric Co., Endress Hauser Group Services AG, Honeywell International Inc., KROHNE Messtechnik GmbH, Metrohm AG, Mettler Toledo International Inc., Modcon Systems Ltd., Perkin Elmer Inc., Schneider Electric SE, Siemens AG, Spectris Plc, Teledyne Analytical Instruments, Testo SE and Co. KGaA, Thermo Fisher Scientific Inc., and Yokogawa Electric Corp..

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Process Analyzer Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.5%

Market growth 2024-2028

USD 2077.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.23

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 51%

Key countries

China, US, Japan, Germany, and UK

Key companies profiled

ABB Ltd., Agilent Technologies Inc., AMETEK Inc., Aneolia SARL, Bruker Corp., Danaher Corp., Emerson Electric Co., Endress Hauser Group Services AG, Honeywell International Inc., KROHNE Messtechnik GmbH, Metrohm AG, Mettler Toledo International Inc., Modcon Systems Ltd., Perkin Elmer Inc., Schneider Electric SE, Siemens AG, Spectris Plc, Teledyne Analytical Instruments, Testo SE and Co. KGaA, Thermo Fisher Scientific Inc., and Yokogawa Electric Corp.

Market Driver

Process analyzers, specifically combustion or emission analyzers, are becoming increasingly portable, with vendors investing in developing software for portable devices. For instance, TECsoft, a testing and emission compliance software from Testo SE & Co. KGaA, enhances the capabilities of the testo 350 portable emission analyzer. Portable analyzers enable on-site sample analysis, reducing the risk of foreign elements introduction and human negligence. Vendors plan to launch more portable analyzers by 2026, offering cost savings as they eliminate the need for specialized equipment and laboratory transportation. Portable analyzers are expected to become more prevalent due to their convenience, accuracy, and cost benefits. 

The Process Analyzer Market is experiencing significant growth in various industries, particularly in drug development and bioprocessing for pharmaceutical manufacturing. Analytical instruments play a crucial role in research and development, ensuring quality and compliance with environmental regulations. Freshwater availability and climatic changes are driving the need for innovative solutions in water supply, rainwater harvesting, and wastewater treatment. Gas analyzers are essential for monitoring pollutant levels and maintaining safe drinking water. Reliability, accuracy, and process measurements are key features sought after by laboratories and industries. Protected cabinets, cooling capabilities, power efficiency, and low power consumption are important considerations for installation. Compliance with environmental regulations and emissions standards is a priority. Temperature, pressure, flow rates, and chemical composition are essential process measurements. Process enhancement and safety are crucial for handling hazardous substances. Documentation and reporting are also important for regulatory compliance. 

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Market Challenges

Large industrial facilities are the primary consumers of process analyzers due to the stringent quality requirements and service level agreements (SLAs) with their customers. For instance, a sugar manufacturer selling to processed food giants like Nestle S.A. Or Mondelez International must adhere to specific sugar standards. To ensure consistent chemical composition and physical properties, these manufacturers use process analyzers. Regulatory oversight is more intensive for large-scale industries, particularly in developing countries, due to limited regulatory resources. As a result, they install process analyzers to avoid regulatory action or closure. In contrast, small-scale industries in developing countries, which make up a significant portion of industrial facilities, often operate without process analyzers. For example, wastewater treatment plants in these industries may be inoperable. The low adoption of process analyzers among small-scale industries could hinder the growth of the global process analyzer market during the forecast period.The Process Analyzer Market faces several challenges in various industries. Environmental regulations require constant monitoring of pollutant levels, temperature, pressure, and flow rates to prevent water pollution and protect ecosystems and public health. Energy efficiency initiatives and process enhancement call for real-time analysis of chemical composition and calibration of sensors in remote areas. Safety and hazardous substance handling demand reliable analyzer technology and remote monitoring. Documentation, reporting, and transparency are essential for regulatory compliance and accountability. Process control, maintenance, troubleshooting, and malfunctions impact operational costs. Analyzer technology includes oxygen analyzers for combustion processes, flammable gas detection, environmental monitoring, and liquid analyzers for pharmaceutical products. Remote monitoring and calibration, sensor placement, and troubleshooting are crucial for optimal performance.

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Segment Overview 

This process analyzer market report extensively covers market segmentation by

End-user 1.1 Oil and gas1.2 Chemical and petrochemical1.3 Healthcare1.4 Water and wastewater treatment1.5 OthersGeography 2.1 APAC2.2 North America2.3 Europe2.4 Middle East and Africa2.5 South America

1.1 Oil and gas- Process analyzers play a crucial role in the oil and gas industry, particularly in the upstream and midstream sectors. In the upstream sector, these analyzers help identify the type and contents of gases released during exploration, ensuring health, safety, and environmental risks are minimized. In the midstream sector, they prevent corrosion in pipelines and LNG transportation by monitoring carbon, oxygen, and hydrogen gases that can form toxic substances. The oil and gas industry’s capital-intensive nature and harsh working conditions necessitate regular maintenance and accurate gas analysis. With the rise of natural gas production due to technologies like fracking and declining prices, the demand for process analyzers has surged. Upcoming natural gas projects are expected to further fuel market growth, as the need for gas analysis in emissions inspection increases.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Process Analyzer Market encompasses innovative technologies and instruments used in drug development and bioprocessing industries for real-time monitoring and analysis of various parameters in pharmaceutical manufacturing. These analyzers play a crucial role in ensuring product quality, freshwater availability, and energy efficiency in the face of climatic changes, weather patterns, and pollution. They measure pressure, flow rates, chemical composition, and water pollution to protect ecosystems and public health. Rainwater harvesting and wastewater treatment are essential applications, as is the monitoring of hazardous substances and documentation for reporting purposes. Remote areas and calibration are also considered in the market’s scope, focusing on process enhancement, safety, and energy efficiency initiatives.

Market Research Overview

The Process Analyzer Market encompasses innovative analytical instruments used in various industries, including drug development and pharmaceutical manufacturing, for process measurements in bioprocessing. These analyzers ensure quality and compliance with regulations by monitoring freshwater availability, climatic changes, weather patterns, pollution, and water sources. They provide safe drinking water by analyzing pollutant levels in wastewater from households and industries, enabling effective rainwater harvesting and wastewater treatment. Process Analyzers offer reliability, accuracy, and versatility, measuring temperature, pressure, flow rates, chemical composition, and other parameters in laboratories and industrial installations. Protected cabinets, cooling capabilities, power efficiency, and remote monitoring are essential features for optimal performance. Compliance with environmental regulations and emissions standards is crucial, making analyzer technology an essential tool for industries seeking energy efficiency initiatives and process enhancement. Safety is paramount, with analyzers monitoring hazardous substances and reporting malfunctions for prompt maintenance and troubleshooting. The market includes gas analyzers for combustion processes, boiler combustion, and flammable gases, as well as liquid analyzers for environmental monitoring and quality regulations in pharmaceutical products. Transparency, accountability, and sustainability are driving factors in the market, with a focus on remote areas, calibration, sensor placement, process control, and documentation.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userOil And GasChemical And PetrochemicalHealthcareWater And Wastewater TreatmentOthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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DEFSEC Ships New BLISS (“Battlespace Laser Identification Sensor System”) To U.S. Army Yuma Test Center

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OTTAWA, ON, April 29, 2026 /PRNewswire/ – DEFSEC Technologies Inc. (TSXV: DFSC) (TSXV: DFSC.WT.U) (NASDAQ: DFSC) (NASDAQ: DFSCW) (“DEFSEC” or the “Company”) today confirmed that it has now shipped two new networked BLISSTM systems to the United States Army Yuma Test Center (US Army YTC) for test and evaluation.

The BLISSTM shipment today to the US Army YTC follows delivery of an earlier version, called BLDS (Battlefield Laser Detection System) to the U.S. Army last year for testing and trial activity.  BLISSTM is an enhanced, networked version of BLDS as the next step in the evolution of the Company’s technology roadmap for battlespace laser detection and intelligence.

The patent-pending BLISSTM system alerts operators to laser activity across the battlespace, providing critical early warning and valuable seconds to assess, evade, defend, and deploy countermeasures. Miniaturized BLISSTM sensors can be mounted on vehicles and fixed infrastructure, or worn on personnel, to affordably blanket a battlespace with sensors for enhanced survivability and situational awareness and battlespace intelligence in contested environments.  It transforms laser warning into shared, actionable battlespace information.

Beyond real-time detection, BLISSTM incorporates enhanced laser pulse signature capture and analysis to help identify the source, intent, and affiliation of detected emissions.  By enabling users to distinguish among known signatures, the system supports faster, more informed tactical decisions.

“The BLISSTM system shipped today to Yuma for US Army testing represents a major step forward in tactical-edge force protection and actionable battlespace intelligence for commanders,” said Sean Homuth, President and CEO. “This capability will provide operators with critical time, better information, and a meaningful operational advantage against laser-enabled threats, including those seen in current Middle East conflicts.”

DEFSEC expects to brief domestic and foreign delegations on its BLISS product at Canada’s upcoming annual defence and security show, “CANSEC”, May 27 and 28, 2026, in Ottawa.

About DEFSEC

DEFSEC (TSXV: DFSC) (TSXV: DFSC.WT.U) (NASDAQ: DFSC) (NASDAQ: DFSCSW) (FSE: 62UA) develops and commercializes breakthrough next-generation tactical systems for military and security forces. The company’s current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users’ smart devices and weapons. Other DEFSEC products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems, and all come integrated with TAK. The company also has a new proprietary less-lethal product line branded PARA SHOTTM with applications across all segments of the non-lethal market, including law enforcement. The Company is headquartered in Ottawa, Canada.

For more information, please visit https://www.defsectec.com

Forward-Looking Statements

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of Canadian and United States securities laws (collectively, “forward-looking statements”), which may be identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “have sight of”, “believe”, or “continue”, the description of “optimism”, ” momentum” or “interest”,  the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking statements contain these terms and phrases. Forward-looking statements are provided for the purpose of assisting the reader in understanding us, our business, operations, prospects and risks at a point in time in the context of historical and possible future developments and therefore the reader is cautioned that such information may not be appropriate for other purposes. Such forward-looking statements are based on the current expectations of DEFSEC’s management and are based on assumptions and subject to risks and uncertainties that are documented in detail in the Company’s public filings. Forward-looking statements included in this include, but are not limited to: management’s belief of sufficiency of available financial resources to support forecasted activities in 2026 based on cash on hand, anticipated revenue streams and planned expenditures in the fiscal year, subject to execution of the Company’s operating plan and other risks and factors described  in its public filings; interest in DEFSEC LightningTM, BLISSTM or other products and services as well as timing of full implementation or commercial release thereof; the Company’s estimates of increases to annualized gross margin on a go-forward basis and extent thereof, if any; the stage of scaled production for the PARA SHOTTM technology into new training cartridges and timing of release thereof; and management’s belief that its extensive customer base of law enforcement agencies for ARWEN throughout North America is a ready market for its new products like PARA SHOTTM as well as DEFSEC LightningTM.

Although DEFSEC’s management believes that the assumptions underlying such forward-looking statements are reasonable, they may prove to be incorrect. The forward-looking statements discussed in this news release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting DEFSEC, including DEFSEC’s inability to execute on its current operating plan and/or fiscal 2026 forecasted activities, DEFSEC’s inability to secure contracts and subcontracts (on the timelines, size and scale expected or at all), statements of work and orders for its products in fiscal 2026 and onwards for reasons beyond its control, the renewal or extension of agreements beyond their original term, the granting of patents applied for by DEFSEC, inability to finance the scale up to full commercial production levels for its physical products, inability to secure key partnership agreements to facilitate the outsourcing and logistics for its ARWEN® and PARA SHOTTM products, inability to commercialize DEFSEC’s Battlespace Laser Identification Sensor System (BLISS), inability to secure or complete the execution of government contracts, inability to drive growth in DEFSEC’s ARWEN® product line, inability to advance the commercialization of DEFSEC’s PARA SHOTTM products, delay or inability to launch DEFSEC’s Lightning SaaS offering, lower than expected or delayed demand for DEFSEC’s BLISS, overall interest in DEFSEC’s products being lower than anticipated or expected; general economic and stock market conditions; a stagnation or decrease in North American defense and public safety spending, adverse industry events; future legislative and regulatory developments in Canada, the United States and elsewhere; the inability of DEFSEC to implement and execute its business strategies; risks and uncertainties detailed from time to time in DEFSEC’s filings with the Canadian Security Administrators and the United States Securities and Exchange Commission, and many other factors beyond the control of DEFSEC. Although DEFSEC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and DEFSEC undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its respective Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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SOURCE DEFSEC Technologies Inc

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SPX Cooling Tech Unveils the Marley® OlympusMAX™ Fluid Cooler

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Maximum Capacity. Trusted Performance.

OVERLAND PARK, Kan., April 29, 2026 /PRNewswire/ — SPX Cooling Tech, LLC announced the launch of the Marley® OlympusMAX™ Fluid Cooler, engineered to deliver unmatched performance, efficiency and design flexibility for mission-critical facilities. Designed to meet the evolving demands of data centers, industrial plants and high-density cooling applications, the OlympusMAX Fluid Cooler sets a new benchmark in dry and adiabatic cooling technology.

Built on a century of heat rejection expertise, the OlympusMAX Fluid Cooler brings a new level of performance in dry and adiabatic cooling.  It is available in both adiabatic and dry configurations. The bolt-on adiabatic module can be factory or field installed—or even installed after the equipment is operational in order to provide maximum flexibility in response to changing conditions and site demands.

As global data center density continues to expand, operators are increasingly seeking cooling solutions that balance performance, energy use, water use and operational flexibility. “OlympusMAX reflects our commitment to advancing cooling technology to support the evolving demands of mission-critical facilities,” said Dustan Atkinson, Director of Product Management for SPX Cooling Tech. “By offering scalable dry and adiabatic performance, engineered flexibility and streamlined installation, we’re helping facilities meet increasingly challenging demands while maintaining efficiency and long-term reliability.”

At the heart of the OlympusMAX adiabatic module is a patent-pending recirculating adiabatic design that significantly reduces blowdown, minimizing unnecessary water discharge while improving system efficiency. Unlike traditional once-through or spray systems, the unit’s recirculation technology delivers more uniform water flow across the pad – improving saturation efficiency, extending pad life and reducing mineral accumulation on critical components. The result is more predictable energy and water consumption – a critical advantage for performance-sensitive environments such as hyperscale data centers.

Engineered for uptime, the OlympusMAX features high-efficiency Marley Geareducer® gear drives, robust construction materials and integrated component redundancy, including mission-critical fan and VFD systems. With unit options ranging from 120 to 240 horsepower, the design maximizes cooling capacity per square foot, delivering industry-leading heat rejection density.

Installation and serviceability were key priorities in the system’s development. Each unit ships with a factory-assembled electrical access platform, single-point wiring connection, VFDs and PLC controls pre-installed, and full-size access doors with internal walkways. These features streamline installation while enabling safer operation and easier maintenance.

The launch underscores SPX Cooling Tech’s mission to provide flexible, high-efficiency heat rejection solutions across its full portfolio including dry coolers, adiabatic coolers, evaporative coolers, and cooling towers, ensuring customers have a single-supplier solution tailored to their operational strategy.

About SPX Cooling Tech, LLC
SPX Cooling Tech is a leading global manufacturer of cooling towers, fluid coolers, adiabatic and dry cooling systems, evaporative condensers, industrial evaporators and OEM aftermarket parts from brands that include Marley®, Recold® and SGS Refrigeration. Since 1922, our brands’ cooling systems, components and technical services have supported applications in heating, ventilation and air conditioning (HVAC), refrigeration, and industrial process cooling. SPX Cooling Tech and its product brands are part of SPX Technologies, Inc. For more information see www.spxcooling.com.

About SPX Corporation
SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, SPX Technologies has approximately 4,700 employees in 16 countries and is listed on the New York Stock Exchange under the ticker symbol “SPXC.” For more information, please visit www.spx.com.

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SOURCE SPX Cooling Technologies

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AMTD’s TGE Reports Full Year Results with 27.7% Increase in Revenue, with 25.5% Increase in Total Assets and 9.1% Increase in Net Assets

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PARIS and LONDON and NEW YORK, April 29, 2026 /PRNewswire/ — The Generation Essentials Group (“TGE” or the “Company”) (NYSE: TGE, LSE; TGE), a NYSE and LSE dual-listed company and a subsidiary of AMTD Group Inc., today announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission, with summary highlights below:

Total Revenue increased by 27.7% from US$77.0 million to US$98.3 millionTotal non-GAAP Net Income increased by 3.2% from US$44.7 million to US$46.2 million Total Assets amounted to US$1,464.1 million (US$30.2/share)Net asset value amounted to US$839.1 million (US$17.3/share)

The annual report is available on the Company’s investor relations website at  http://thegenerationalessentials.com. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to Investor Relations Office at ir@tge.media.

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE; LSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L’Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties. Also, TGE is a special purpose acquisition company (SPAC) sponsor manager, with its first SPAC successfully raised and priced on December 18, 2025.

For The Generation Essentials Group:
IR Office
The Generation Essentials Group
EMAIL: ir@tge.media

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SOURCE The Generation Essentials Group

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