Global pH Meters Market will secure moderate growth to cross $1 billion by 2024
SELLBYVILLE, Del., April 17, 2018 /PRNewswire-iReach/ -- The Industry growth report " pH Meters Market Size By Product (Bench Top pH Meters, Portable pH Meters, Continuous pH Meters), By Application (Water and Wastewater Treatment, Bioprocessing, Chemicals and Petrochemicals, Environmental Research and Pollution Control, Food Science, Educational Laboratories), By End-use (Pharmaceutical and Biotechnology Companies, Food and Beverage, Environmental Testing, Government and Academic Institutions), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Japan, China, India, Australia, Brazil, Mexico, South Africa), Application Development Potential, Competitive Market Share & Forecast, 2017 – 2024" by Global Market Insights, Inc. forecast pH Meters Market share is expected to cross $1 billion by 2024.
Technological innovations in pH meters, growing need to control waterborne diseases and favourable 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.
Browse key industry insights spread across 160 pages with 82 market data tables & 8 figures & charts from the report, "pH Meters Market" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/ph-meters-market
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.
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.
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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.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Media Contact: Arun Hegde, Global Market Insights, Inc., +13028467766, [email protected]
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