The silica analyzer market is estimated to grow from USD 106.1 million in 2018 to USD 139.6 million by 2023, at a CAGR of 5.66% between 2018 and 2023. 

The key driving factor for the growth of the silica analyzer market is the significance of accurate silica measurement in steam/water cycle for optimizing power plant efficiency. Among many potential impurities in the steam cycle, silica plays a vital role because the solubility of silica in steam directly depends on the density and temperature of the steam. Any minor deviation of silica concentration on a power plant can have serious and expensive consequences in relation to performance, reliability, efficiency, and safety; hence, it is very much necessary to monitor this parameter closely.

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Consumables are the reagents used in the analysis of silica. A 2-liter bottle of reagents can last for 45 to 60 days, depending on the frequency of the usage. Consumables need to be replaced and/or refilled frequently. The cost of consumables can exceed USD 2,500 per silica analyzer per year. Hence, this segment is expected to hold the larger market share during 2018–2023.

Silica analyzers are commonly used to monitor the silica content in the water that is used in the boiler for steam generation in power plants. Monitoring silica in water helps in avoiding the scaling on turbines, thereby increasing the thermal efficiency of power plants.

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Hach (US), ABB (Switzerland), Thermo Fisher Scientific (US), Mettler Toledo (Switzerland), HORIBA (Japan), NIKKISO (Japan), Swan Analytical Instruments (Switzerland), SPX Flow (US), DKK TOA (Japan), Waltron Group (US), Dr.Thiedig(Germany), Electro-Chemical Devices (US), Shanghai Boqu Instrument (China), KNTEC (South Korea), HKY Technology (China), and Omicron Sensing (US) are a few  major companies in this market.