A recent study by Future Market Insights reveals that the global colorimeter market is set to reach a valuation of USD 797.3 million in 2022, with a projected CAGR of 7.5% from 2022 to 2029. Growth in the market is primarily driven by increasing adoption across key industries like food & beverages, pharmaceuticals, chemicals, and water utilities, where color measurement is critical.
Colorimeters are increasingly utilized for analyzing consumer electronics, vehicles, food products, and plastics. The rising focus on environmental monitoring—such as water quality and soil analysis due to concerns around pollution and climate change—further boosts their demand. Researchers, scientists, and lab technicians are turning to colorimeters for accurate testing of environmental variables.
Strong Growth Potential in North America & East Asia
North America and East Asia are expected to capture a significant share of the colorimeter market value, with China showing particularly high growth due to its expanding water utilities and food & beverage sectors. Economic factors like rising water utility contributions to GDP, substantial R&D investment, and a strong regional manufacturing presence are propelling market expansion in East Asia.
North America, particularly the U.S., has stringent water utility regulations for environmental monitoring, which are anticipated to drive strong demand for colorimeters in the region.
Growing Preference for Portable Colorimeters
Future Market Insights’ study indicates that while stationary colorimeters maintain a large market share, portable colorimeters are gaining popularity due to their convenience. Sales of color densitometers, especially in food & beverage and water utility industries, are expected to outpace those of color photometers.
Manufacturers are exploring applications beyond traditional sectors, including automotive, healthcare, agriculture, and electronics, seeking to leverage the diverse usage of colorimeters in various industries for sustained market growth.
Portable Colorimeters to Witness High Demand
In the FMI’s study, the colorimeter market has been analysed across various regions such as North America, Latin America, Europe, Middle East & Africa, East Asia, South Asia, and Oceania, in terms of product, portability, and end use.
In recent years, portable colorimeters are gaining higher traction over their stationary counterparts, though the latter continues to account for greater share in the global market. FMI’s study finds that the sales of color densitometers will remain higher than that of color photometers, due to their increasing usage in the manufacturing of food & beverage and water utility industry.
While increasing application of colorimeters in oil & gas industry continues to influence the growth strategies, manufacturers are tapping into newer opportunities in automotive, pharmaceuticals, food & beverages, paints & textiles, chemical, research & educational institutes, agriculture, water utilities, healthcare, automotive & transportation, and electronics.
Colorimeter Market: Vendor Insights
The report highlights some of the prominent market players that are holding significant shares of the colorimeter market. Some of the prominent players in the global colorimeter market are Thermo Fisher Scientific, Inc., Danaher, Konica Minolta Sensing Americas, Inc., Xylem Inc., Hanna Instruments, and PCE Instruments.
Competitive Landscape
There has been an increase in the number of acquisitions and expansion efforts to strengthen colorimeter supplies over the last few years. Several leading businesses are also working to improve the efficiency of colorimeters for diverse applications.
In the worldwide market, numerous manufacturers have emerged, particularly in the United States, China, and Germany.
Global Colorimeter Market by Category
By Product:
- Color Densitometers
- Color Photometers
By Portability:
- Portable
- Stationary
By End User:
- Pharmaceutical
- Food & Beverage
- Paints & Textile
- Chemical
- Research & Educational Institutes
- Agriculture
- Water Utilities
- Healthcare
- Automotive & Transportation
- Electronics
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa (MEA)
Report Preview: https://www.futuremarketinsights.com/reports/colorimeter-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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