Silica Analyzers Market Share

APAC Market Statistics

Asia Pacific region in silica analyzers market is poised to dominate around 40% revenue share by the end of 2037. This advancement will be credited to the existence of a huge number of coal-fired power plants in the APAC region. In line with the International Energy Agency (IEA), to promote decarbonization initiatives, including a just transition away from coal power, two new Just Energy Transition Partnerships (JETP) were announced in 2022 in Indonesia (with a budget of USD 20 billion) and Viet Nam (USD 15.5 billion).

The rising refurbishment of coal plants and increasing coal power generation in China will propel the expansion of the silica analyzers industry. In 2021, China's installed coal-based power generation capacity amounted to 1080 GW, which represents about 50% of the country's total installed power station capacity.

The rising government support in Korea to increase the manufacturing industry will be the primary reason behind the silica analyzers market expansion in this region. To support the semiconductor sector, the Korean government plans to increase tax incentives by up to 25 percent, from the current 16 percent.

The rising construction industry in Japan will exponentially expand the industry growth of silica analyzers. In fact, even though Japan has around 475 thousand licensed construction businesses, the country's construction industry is dominated by Super Zenecon, a group of five large general contractors.

North American Market Analysis

By 2037, North America region in silica analyzers market is expected to account for around 27% share and will hold the second position with a size of around 50 Million propelled by the rising demand for electricity in this region and the requirement for silica analyzers in the nuclear plants. AI in IoT uses a lot of energy, especially when it's testing, and its use is predicted to increase significantly over the next ten years. Furthermore, the United States (15) and Canada (2) account for 17 of the world's top 50 power-hungry data centers, with 14 of them situated in zones of heightened risk and one in a high-risk zone.

The rising nuclear reactor plants in the U.S. will help to create the market growth of silica analyzers in this region. Moreover, according to the U.S. Energy Information Administration (EIA), the total number of nuclear reactors in the U.S. is around 93.

Canada will account for a significant market expansion depending on the rising use of robotics in different sectors. Geographically, 81% of supplier offices for robots are located in Central Canada and these offices require silica analyzers to develop the robots properly.