pH Meters Market
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
PH <strong>Meters</strong> <strong>Market</strong> growth outlook with industry review and<br />
forecasts: Global <strong>Market</strong> Insights Inc.<br />
<strong>pH</strong> <strong>Meters</strong> <strong>Market</strong> size was estimated at over USD 1.3 billion in 2015 and is expected<br />
to grow at around 5% CAGR from 2016 to 2023. High demand for these devices in<br />
agriculture, food and beverages, water treatment plants, fertilizers, pharmaceuticals,<br />
oil and gas sector, power industries and mining sector is among the leading factors<br />
expected to drive growth. Rising health concern and growing water purity awareness<br />
levels among people are also major demand drivers.<br />
Benchtop <strong>pH</strong> meters market accounted for over 50% of the overall revenue in 2015.<br />
They are automated devices used to measure the alkalinity and acidity of liquid and<br />
semi-solid samples in several industries with uses in potable water, food and<br />
beverages, waste water, pharmaceutical and chemical testing.<br />
<strong>pH</strong> meters are needed to detect water alkalinity and to verify its purity. They are mostly<br />
used at water purification plants to check water purity level and determine whether it<br />
is potable or not. Water contamination rates and water borne diseases have impelled<br />
people to use these devicesin the household. <strong>pH</strong> meters market is likely to witness<br />
growth in future due to increasing concerns of people about personal health.<br />
Harmful effects of acidic or basic water on expensive pipelines and equipment such<br />
as condensers, boilers, etc. in chemical, power, and oil & gas industries has spurred<br />
adoption. High demand in food and beverages and pharmaceuticals industries is also<br />
a major growth driver, with usage in monitoring production processes and avoiding<br />
any deviation from the standard procedure.<br />
In 2015, the food science industry held the majority of the <strong>pH</strong> meters market share<br />
with over 40% revenue contribution. Large application area in industries such as wine,<br />
fruit juice and food processing, agriculture, dairy and others is a high impact rendering<br />
driver in this sector.<br />
Along with benchtop, other product segments include portable and on-line equipment.<br />
Portable devices are simple but specialized to measure <strong>pH</strong> in a very precise manner.<br />
They are easy to carry and operate with reliable performance up to long hours. Online<br />
or inline meters are widely suitable for power plants, water treatment plants, medicine<br />
manufacturing units and laboratory purpose. They are suited for use in harsh<br />
environments with speed and more reliability.<br />
On the basis of end-use, the industry is divided into pharmaceutical and biotechnology<br />
companies, food and beverage, environmental testing, and government and academic<br />
institutions. With increasing regulations regarding food safety, the food and beverage<br />
industry is the largest end user.<br />
1 | P a g e
U.S. <strong>pH</strong> meters market share was significant, due to high prevalence across various<br />
application areas, as well asgovernment guidelines on water intensive industries. The<br />
EPA has imposed stringent regulations on water treatment plants in order to reduce<br />
pollutants. Benchtop products dominated the regional industry, on account of high<br />
demand in industrial research, laboratories and research institutes. They are<br />
estimated to lose share in the coming years due to rising adoption of multi-parameter<br />
analysis instruments. Increasing concerns regarding the significance of continuous <strong>pH</strong><br />
value monitoring in industrial processes will drive online meter demand.<br />
Asia Pacific <strong>pH</strong> meters market is estimated to grow at approximately 5% CAGR over<br />
the forecast timeframe. Increasing awareness about novel devices with<br />
technologically advanced sensors and applications of such measuring devices among<br />
agricultural scientists, industrial researchers, and experts are some factors enabling<br />
growth.<br />
Europe was the highest revenue generating region with over 30% of the global <strong>pH</strong><br />
meters market share in 2015. Factors responsible for considerable revenue comprise<br />
the presence of industrial infrastructure and sophisticated advanced healthcare, high<br />
level of R&D activities, high degree of health concerns and awareness relating to<br />
waterborne diseases.<br />
Major companies operating in the U.S. include Hanna Instruments, Hach Company,<br />
Mettler Toledo, Thermo Fisher, Rosemount Analytical, etc. Other key players are<br />
Qingdao Tlead International, PerkinElmer, Agilent Technologies, Zhangzhou Eastern<br />
Intelligent Meter, Hangzhou Lohand Biotechnology, Tecpel, Suzhou Unigreen<br />
Electronic Technology, Shenzhen Huge Creation Technology, Shanghai Selon<br />
Scientific Instrument, Yantai Chemins Instrument, Contech Instruments, Horiba and<br />
Swastik Scientific Company.<br />
2 | P a g e
About Global <strong>Market</strong> Insights<br />
Global <strong>Market</strong> Insights, Inc., headquartered in Delaware, U.S., is a global market<br />
research and consulting service provider; offering syndicated and custom research<br />
reports along with growth consulting services. Our business intelligence and industry<br />
research reports offer clients with penetrative insights and actionable market data<br />
specially designed and presented to aid strategic decision making. These exhaustive<br />
reports are designed via a proprietary research methodology and are available for key<br />
industries such as chemicals, advanced materials, technology, renewable energy and<br />
biotechnology.<br />
Contact Us:<br />
Arun Hegde<br />
Corporate Sales, USA<br />
Global <strong>Market</strong> Insights, Inc.<br />
Phone: 1-302-846-7766<br />
Toll Free 1-888-689-0688<br />
Email: sales@gminsights.com<br />
Website: https://www.gminsights.com<br />
Connect with us: Facebook | Google+ | LinkedIn | Twitter<br />
3 | P a g e