Market Research Future published a research report on “pH Sensor Market Research Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India -- (SBWIRE) -- 03/15/2018 -- Market Highlights
The upcoming trend in the pH sensor market that is boosting the market growth is the demand of highly reliable & accurate pH sensors that lasts for a long period with the reduced level of maintenance.
The global ph Sensor Market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific region is the prominent player in the pH sensor market due to advanced technological implementation in security system. European region is growing with a slow pace in the pH sensor market. Increase demand from citizens regarding security issues and investment by government in pH sensor market is driving the market in the region. Asia Pacific region is the fastest growing in the manufacturing market, owing to advanced infrastructure development in countries such as China and India that is boosting the market growth. Increasing urbanization, business expansion across and industrial developments is also driving the growth of pH sensor market in the region.
EMEA accounts for major market share in the pH meter market as there are high oil reservoirs located in this region which are highly implemented in pH meter sensors. Further, the rigorous rules and regulations influences the industries to adopt pH meters to provide quality water and processed food products. With the growth in oil & gas sector, ph sensor market is expected to witness growth during the forecast period, owing to the increasing exploration and processing activities of shale gas, which is aiding the pH sensor market.
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The global pH sensor market is projected to reach USD 1802 million at a CAGR of over 4% by the end of the forecast period 2017-2023.
Some of the prominent players in the global pH sensor market: Banpil Photonics Inc (U.S.), Texas Instruments (U.S.), Endress+Hauser (Switzerland), Infineon Technologies AG (Germany),Oceana Sensor Technologies Inc. (U.S.), In-Situ Inc. (U.K),Omega (Switzerland), Omron Corporation (Japan), Emerson Process Management (U.S.), Burkert and Power Systems Inc. (U.S.) and others.
The global pH sensor market is segmented by type, component, measurement technology and application. Based on the component segment, the market is bifurcated into temperature sensing element, measuring electrode, sensor body and reference electrode. By type segment the market consists of Portable pH sensor, Benchtop pH sensor and On-line pH sensor. By measurement technology segment, the market is bifurcated into amperometric detectors, ion-selective field effect transistors (ISFET). And by application segment, the market is bifurcated into industrial, agriculture, paper & pulp industry, metals and mining, food & beverage industry, healthcare.
The Middle East & Africa region holds the largest market share of the market across the globe followed by Asia Pacific, North America and Europe regions. EMEA accounts for major market share in the pH meter market as the food and beverage industry and water treatment industries located in this region highly implement pH meters sensors. Further, the stringent rules and regulations influences the industries to adopt pH meters to provide quality water and processed food products.
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