pH Meters Market size exceeded USD 800 million in 2016 and is forecast to grow with over 3.5% CAGR from 2017 to 2024.
Sellbyville, DE -- (SBWIRE) -- 01/16/2019 -- pH Meters Market size is set to exceed USD 1 billion by 2024; according to a new research report by Global Market Insights.
Technological innovations in pH meters, growing need to control waterborne diseases and favorable regulations regarding the use of pH meters will drive the global demand for these instruments.
Increasing adoption of pH meter's in industrialized regions, owing to its efficient function and design will augment business growth. Moreover, increasing applications of Ph meters in rapidly growing industries such as bioprocessing will propel industry demand over the coming years.
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Challenges regarding the use of pH meters such as electrode drift, inaccurate measurement and sample contamination will hamper the adoption rate in many industrial practices. Lack of awareness about the significance of pH meters in developing regions will continue to restrain industry growth.
The bench top pH meters are in high demand due to wide ranging applications in various industries such as, in pharmaceutical and chemical testing, food and beverage, and used for monitoring waste water, and drinking water. Therefore, the market for the same should grow at a noticeable rate during the forecast period.
Portable pH meters are gaining popularity worldwide, owing to the ease of use they offer. With increasing activities in environment testing and water testing, the demand for portable meters is likely to grow fastest rate among all other major categories.
Steadily increasing application of pH meters in various fields will augment industry growth in coming 5-7 years. Rising government regulations for safe quality of water used for consumption will spur demand for pH meters and thereby, driving water and wastewater treatment business growth.
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Usage of pH meter in various water pollution studies as well as environmental research are factors driving pH meters market growth. Increasing focus on usage of instrumental methods for monitoring as well as estimating environmental pollution by checking quality of water, soil, and air thereby, upsurges revenue size of pH meters market.
Among the end users of pH meters, food and beverages manufacturing companies contributes a major share to total market size. In fact, pH meter producing companies generate largest share of their revenue from selling pH meters to food and beverages manufacturers. Regular pH testing done by the food and beverage manufacturers for canned food products, dairy products, foodstuffs including jellies, jams and sauces to ensure food safety and quality during testing procedures will fuel market growth
The U.S. pH meters market is the largest in the world, being the pioneer and early adopter of various pH meters. During the forecast period, it will continue to grow with modest but steady growth and dominate the industry worldwide.
Expanding and improving manufacturing sector, developing pharmaceutical sector, and increasing use of pH meters should drive the Indian pH meters market during the projection years. With growing number of initiatives to improve the quality of consumable water and activities in wastewater treatment in the country, the demand most likely grow in near future.
Some of the key industry players operating in global pH meters market are Thermo Fisher Scientific, Beckman Coulter, Emerson Electric Co. (Rosemount Analytical). Agilent Technologies, Mettler Toledo. The industry participants focus on new product developments, mergers and acquisitions and geographical expansion to increase their foothold in the market and gain competitive advantage.
pH meters market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
pH Meters Market by Product
o Bench top pH meters
o Portable pH meters
o Continuous pH meters
pH Meters Market by Application
o Water and wastewater treatment
o Chemicals and petrochemicals
o Environmental research and pollution control
o Food science
o Educational laboratories
pH Meters Market by End Use
o Pharmaceutical and biotechnology companies
o Food and beverage companies
o Environmental testing
o Government and academic institutions
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
o South Africa