pH Meters Market Trends, Growth and Forecasts to 2024

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pH Meters Market Share, Size, Analysis, Growth, Trends and
Forecasts to 2024 | Hexa Research
Devices used to measure acidity levels in water & wastewater treatment,
pharmaceuticals, chemicals & petrochemicals, and other applications are kn own as pH
meters. They are mostly used in food & beverages, pharmaceuticals, mining, water
treatment plants, and other industries.
The worldwide pH meters market is projected to grow at a 3% CAGR over the forecast
period (2016-2024). Demand for these devices in light of health concerns and
awareness of water purity is expected to surge market demand in the coming years.
Measuring pH level of solutions with low ion concentration can pose a challenge
towards market growth.
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The market is segmented according to products, end-users, and regions. Products
include continuous, portable, and bench-top pH meters. Portable devices can measure
pH for long hours with ease. Its small size and mobility will contribute to its demand in
the coming years. Bench-top meters captured over 55% market shares due to its wide
application in research institutes and laboratories.
Major end-users are food science, pharmaceuticals & biotechnology, environmental
research & pollution center, and others. Food science generated over 40% revenue for
the pH meters market in 2014. Their application includes wine, dairy, agriculture, fruit
juice & dairy processing, and others. Technological developments such as
incorporation of smart sensors and multi-parameter analysis will propel market demand
among industries in the years ahead.
Regions covered under the market are Latin America, Middle East & Africa (MEA),
North America, Europe, and Asia Pacific. North America is the biggest region owing to
the presence of major players headquartered in the region. Strict guidelines pertaining
water use by the U.S. EPA (Environmental Protection Agency) will facilitate regional
market growth. Food & drug safety concerns and awareness & technology to curb
waste treatment and other pollutants will create lucrative opportunities in Asia Pacific.
Europe will generate high revenue for the market due to possessing sophisticated
healthcare infrastructure, high R&D activities, and high capita per income of
consumers. Prominent players operating in the global pH meters market are Hanna
Instruments, Thermo Fisher Scientific, Metrohom USA, and Agilent Technologies.
Hanna Instruments launched a pH meter which incorporates elements of portable and
bench-top meters.
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The pH meters market is expected to grow at a CAGR of 3% over the forecast period from 2016 to 2024.