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pH Meter Market Projected to Reach US$ 2 billion by 2027 | Future Market Insights


More than 1.6 million pH meters were sold in 2018, according to a new
analytical study of Future Market Insights (FMI). While the unit sales
of pH meter market has been estimated to grow by promising 4.7% Y-o-Y in
2019, over 85% of the total sales will be accounted by digital pH
meters. In terms of revenue, FMI's analysis opines that the global pH
meter market value will grow at a CAGR of more than 5% over 2019-2027.

pH Meter Becoming an Imperative Control Parameter

pH
meters are used significantly in scientific, industrial, and household
applications across numerous industrial sectors, such as power
industries, pharmaceuticals industries, food & beverages industries,
the mining sector, and the oil & gas sector. However, according to
FMI, burgeoning applications of pH meters in chemical and petrochemical
industries will hold a major share in growth of the pH meter market
across the globe over the forecast period.

The importance of
determining the properties of a chemical samples has been on the rise,
which remains the important factor to trigger a high demand for pH
meters in the chemical and petrochemical industries for petroleum
refining processes. pH is thus becoming an important control parameter
in the petrochemical and chemical industries and this is likely to
influence upcoming trends in the pH market during the foreseeable
future.

Growing Demand for pH Meters in Healthcare Industry

pH
meters are commonly used for calculating pH of whole blood PLTs (WBPs)
as they are an important equipment used in surrogate test 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
the governments and organisations 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 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, and Hach.

Source Link: https://www.prnewswire.com/news-releases/ph-meter-market-revenue-is-expected-to-surpass-us-2-billion-by-2027--future-market-insights-300821663.html

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and consulting services which are personalized in nature. FMI delivers a
complete packaged solution, which combines current market intelligence,
statistical anecdotes, technology inputs, valuable growth insights and
an aerial view of the competitive framework and future market trends.

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