In 2018, over 1.6 million pH meters were sold globally, with a projected 4.7% year-on-year growth in unit sales for 2019. Digital pH meters are expected to account for more than 85% of total sales. According to Future Market Insights (FMI), the global pH meter market is expected to grow at a compound annual growth rate (CAGR) of more than 5% from 2019 to 2027.
pH meters play a critical role in various industries, including power, pharmaceuticals, food and beverages, mining, and oil and gas. However, the chemical and petrochemical industries are set to dominate the market due to increasing applications in petroleum refining processes. As pH becomes a crucial control parameter in these sectors, demand for pH meters is expected to rise.
The healthcare sector is also contributing to the growth of the pH meter market, with increasing use in biotechnology, hospitals, and pharmaceutical laboratories. pH meters are essential for testing whole blood platelets (WBPs) and red blood cells (RBCs) for bacterial contamination, further driving demand in medical and scientific fields.
Growing Demand for pH Meters in the Healthcare Industry
pH meters are commonly used for calculating the pH of whole blood PLTs (WBPs) as they are important equipment used in surrogate tests of bacterial infection. pH meters are also used to stop the transfusion of bacterially contaminated WBPs and RBCs. Hence, the demand for pH meters in the biotechnology filed, as well as in hospitals and pharmaceutical laboratories, has witnessed rapid growth. These are also among the major factors propelling the pH meter market across the globe.
Government Regulations Vis-à-vis Water and Wastewater Treatment Boost Demand for pH Meter
The report has cited high demand for pH meters within multiple industrial sectors in North America and Europe, owing to strict regulations by respective governments pertaining to the industrial sector.
Asia Pacific excluding Japan is expected to hold a prominent share of the global pH meter market over the forecast period. Increase in spending by governments and organizations to cope with the rapidly growing urbanisation, water policies, the implementation of safe water principles, as well as numerous international protocols & policies to ensure water safety, are some of the factors that are estimated to fuel the growth of the pH meter market in the Asia Pacific excluding Japan region.
In the Middle East & Africa, the pH meter market is estimated to grow significantly as the World Health Organization has published stringent guidelines pertaining to the obtainability of safe water for the public, as Middle East Africa has the lowest number of people with access to safe drinking water. Governments in the Middle East Africa region are focusing on refining the quality of water, which is another parameter fuelling the growth of pH meter market in the Middle East Africa. These are some of the factors fuelling the growth of the market across the globe.
Tier-1 Manufacturers in pH Meter Market to Emphasize Strategic Acquisitions
According to the FMI analysis, Mettler-Toledo, Emerson Electric Co. and Thermo Fisher Scientific are among the prominent manufacturers of pH meters. Developments and innovations in pH meters, along with developing relations with customers and a rising number of acquisitions, are among the prominent strategies followed by the manufacturers of pH meters.
Some of the key manufacturers of pH meters are Endress + Hauser Digital Labs GmbH, Hanna Instruments, Omega Engineering, Agilent Technologies, PerkinElmer, ThermoWorks, WTW inoLab, Beckman Coulter, Metrohm, Contech, Sartorius AG, Hach.
pH Meter Market: Segmentation
On the basis of end use
- food & beverages
- pharmaceutical & hospitals
- biotechnology
- chemical & petrochemical
- environmental research
- educational institutes
- water & waste water management
On the basis of product type
- digital
- analogue
On the basis of modularity
- portable
- benchtop pH meters
Report Preview: https://www.futuremarketinsights.com/reports/ph-meter-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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