Witnessing a promising CAGR during 2019 – 2029, the global sales of turbidimeter will reach US$ 100 Mn mark by 2029. A new Future Market Insights (FMI) study projects that turbidimeter sales will continue to soar in line with the stringent implementation of regulations pertaining to water quality in industries. Quality maintenance is becoming a priority for various sectors that use analytical testing equipment, and turbidimeters are one of the preliminary equipment utilized for quality analysis. This would remain among the key factors pushing sales of turbidimeter at a global level.
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Customers would be inclined towards online turbidimeters in the near future, as they are accurate, quicker, and thus, highly reliable. Moreover, online turbidity monitoring is possible for continuous flow systems with a high measuring range of up to 10,000 NTU.
To regulate the level of turbidity in water, it is necessary to record live readings of turbidity levels, especially in facilities such as water treatment plants. Given the criticality of highly accurate results in such settings, manufacturers are striving to further develop online turbidity sensors, which are capable of delivering faster and accurate results.
Accounting for about a fourth of global market value, North America’s turbidimeter market continues its primacy – majorly owing to the uptight regulatory scenario. While the worldwide sales of turbidimeters remain concentrated in the U.S., FMI study projects that the U.S. market will exceed the revenues worth US$ 100 Mn by the end of 2022.
Key Takeaways – Turbidimeter Market Study
- Turbidity level of potable water has become a serious concern owing to contamination caused by toxic industrial waste and other pollutants. Strict measures are being taken for regulating turbidity levels of water.
- Various water treatment and effluent treatment plants (ETP) have been established in order to regulate turbidity and other parameters, which will fuel the growth of market.
- Increasing number of desalination plants in the Middle Eastern region is amplifying demand for turbidimeters.
- Handheld turbidimeters are gaining traction owing to their compact size and application in time-critical measurements. However, highly accurate analysis is still majorly conducted by benchtop turbidimeters, as they have a wider measurment range.
- Currently, sales of benchtop turbidimeters are relatively high in South Asia, because of more popularity of laboratory analysis in various industries.
- Prices of benchtop and handheld turbidimeters are comparatively low in East Asia than other regions, owing to the prominent presence of local manufacturers.
- Manufacturers are increasingly selling their products online to capitalize on features such as user-friendly interface, easy selection criteria, and price comparison.
Key Companies Hold 30% Market Share
Turbidimeter market is highly fragmented, as large number of players are offering products for diverse applications. Key manufacturers such as Hach, Emerson Electric Co., Thermo Fisher Scientific, WTW (Xylem Inc.), and Merck KGaA, account for about 30% of the overall market share. In the current scenario, North America and Europe are anticipated to account for a significant share of the global turbidimeter market owing to implementation of stringent regulations to maintain turbidity levels in water. For instance, in the U.S., public drinking water that uses direct filtration for turbidity control cannot exceed 1.0 NTU.
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What are the main trends influencing the turbidimeter market?
Smart turbidimeters designed specifically for water quality monitoring and development of low-cost, smartphone-assisted turbidemeters continue to mark promising trends.
Which turbidimeter will generate the most revenue in the coming years?
Stationary turbidimeter continues to influence growth strategies, accounting for over 3/5th of the revenue share. However, growing frequency of innovation around portability and robust rise in end users’ demand for the same will have a significant impact on the sales of portable turbidimeter in coming years.
Which end-use sector is most likely to be highly profitable segment for market players?
Adoption of turbidimeters in wastewater treatment continue to move on an upward swing, accounting for 1/4th of the total market share. Increasing application in pulp & paper and pharmaceutical industry will also work to the advantage of the market players.
Which regional market is touted to procure the maximum revenue share?
With approximately 23% of the revenue share, North America’s turbidimeter market remains at the forefront. High growth opportunities are also expected in Middle East & Asia, which is set to record a CAGR of 7.7% over the forecast period (2019-2029).
What are the opportunities of innovation in the turbidimeter market?
With numerous disruptive technologies on the horizon, the war of innovation supremacy will continue to intensify in the turbidimeter space. In order to stay ahead of the curve, manufacturers will need to set their products apart from the competition.
What are key challenges and competitive risks faced by turbidimeter market players?
In an ambitious study to understand the true market potential of turbidimeter, limitation pertaining to custom calibration of stationary turbidemeter and lax regulation implementation in developing countries emerged as key challenges.
TURBIDIMETER MARKET TAXONOMY
The global turbidimeter market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
- Wastewater Treatment
- Chemical & Materials
- Oil & Gas
- Pulp & Paper
- Food & Beverages
- Research & Academia
- North America
- Latin America
- South Asia
- East Asia
- Middle East and Africa
Future Market Insights
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