Rockville, May 18, 2023 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global trace moisture generator market will reach the valuation of US$ 25.6 million in 2022 and is projected to grow with the promising CAGR of 3.8% during the forecast period.

The market is poised to grow with the increasing demand for various end-use application such as microelectronics and R&D labs further augmenting the installation of trace moisture generator.

The electronics and telecommunication industry is undergoing a huge disruption triggering a digital revolution globally. Rapid digitization has led to a massive increase in demand for semiconductors, the essential building block of microelectronics.

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The semiconductor industry's recent sharp revenue rise supports the expansion of the market for trace moisture generators, which are utilized to calibrate the trace moisture detecting components used in semiconductor fabrication.

Increased need for electricity generation and distribution is witnessed, attributable to the progress in the lower middle income and higher middle income countries in the world. Elements of power generation and distribution such as electrical insulators and motor windings are adversely affected by moisture. It becomes mandatory to control moisture levels in power generation and distribution equipment, which boosts use of trace moisture generators

Key Takeaways from Market Study

Trace moisture generator market will create enormous opportunities; as key players focus on constant product development, says a Fact.MR analyst.

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Market Development
The prominent market players are now emphasizing on enhancing product designs through various technological advancements. The top manufacturers are aiming to build diversified product portfolio that aids meet the dynamic demands from end-use sectors. Its wide usage in various end-use applications are likely to attract many consumers and hence the manufacturers should try to customize the device as per the requirement of the end-use industry.

The market for trace moisture generators is highly competitive, with major competitors concentrating on developments to gain a dominant position. Traceable moisture generators that can produce it in quantities as low as 40 parts per billion have been developed by manufacturers across industries and are highly lucrative types.

After sales support and frequent maintenance services has become core competence for the companies operating the space. Market participants have created integrated sales channels to streamline their supply chain.

Key Companies

Segmentation of Trace Moisture Generator Industry Research

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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global trace moisture generator market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of product type (portable, stationary), application (microelectronics, petrochemicals plants, pharma and medical gas, chemical industry, R&D Labs, others), across major regions of the world.

Key Questions Covered in the Trace Moisture Generator Market Report

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