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Cuts Backs On Capital Spending in the Wake of COVID-19 Thwarts All Hopes of Growth for Titrators. Market Slumps by -6%.
The global market for Titrators (Automatic and Manual) is expected to slump by -6% in the year 2020 and thereafter recover and grow to reach US$470.5 million by the year 2027, trailing a post COVID-19 CAGR of 4.4% over the analysis period 2020 through 2027. CAPEX cuts in the COVID era have become increasingly common and widespread.
Global decline in demand for manufactured goods and services has forced companies to reprioritize spending and focus on cash liquidity position. Hard hit companies in oil and gas, chemicals and utilities sectors are cutting CAPEX at high rates in addition to cutting dividends and/or suspending share repurchases in an attempt to conserve cash.