Industry Outlook and Trend Analysis
The global pH meter Market was worth USD 1.32 billion in 2014 and is expected to reach approximately USD 2.15 billion by 2023 at a CAGR of 5.60%.
The pH meter is a device that measures acidity or alkalinity of water based solutions with the help of potential difference between its electrodes. The pH meter industry is driven by rising demand of these devices in various industries like agriculture, food processing, water treatment, mining, pharmaceuticals, etc. Besides this, rising health concerns, gastrointestinal diseases, and increase in awareness of test and treatment of various gastro related diseases and technological advancements in pH meters would boost the market.
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Type Outlook and Trend Analysis
The pH meter is of three types namely, Bench Top meters, Portable pH Meters, and Continuous pH meters. Benchtop pH meters are the oldest type in the range and are widely used in industries and labs thus holding majority of share. Portable type pH meters are widely gaining recognition due to their handy and convenient design. An increase in awareness for pH test of water for its acidic or alkali nature due to its harmful effects, incorporation of sensors and ability to test multiple parameters are various factors that would boost the pH meter market.
Application Outlook and Trend Analysis
By Application the pH meter market is portioned into Food Science, Bioprocessing, Chemicals and Petrochemicals, Water and Wastewater Treatment, Educational Laboratories and Environmental Research and Pollution Control. The pH meter is widely used to check pH level of canned food product like jams, jellies, canned beans, etc. to assure food quality and safety. This assures lucrative growth in food science during the forecast period. The bioprocessing industry market for pH meters will continue growing alongside owing to use of pH meters in checking pH levels during batch fermentation.
End User Outlook and Trend Analysis
The pH meter End-user market is divided into Food and Beverage, Pharmaceutical and Biotechnology Companies and Government and Academic Institutions. The Pharmaceutical and biotechnology rules the market due to high usage of pH meter in this industry and is also foreseen to experience growth in coming years during forecast. Due to various imposed regulations making it mandatory to use pH meters in food and beverage industry to ensure quality and safety, the market is thus expected to grow during the forecast period.
Regional Outlook and Trend Analysis
Due to its strict regulations regarding safety and quality of drinking water and presence of key players in market, North America consumes largest share in pH meter market. Strict regulations are imposed by United States Environment Protection Agency EPA regarding safety of drinking water. The Asia-Pacific region holds the second largest share in pH meter market owing to rising food and drug and environmental safety concerns. Europe’s sophisticated lifestyle and healthcare, high grade of Research and Development activities, rising environmental awareness and rising concerns regarding food and safety are various factors advancing market growth.
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The leading players in market are Thermo Fisher Scientific Corporation, Hanna Instruments, Danaher Corporation, Agilent Technologies, Mettler Toledo, Horiba, PerkinElmer and Metrohm USA. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The pH meter Market is segmented as follows-
Bench Top meters
Portable pH Meters
Continuous pH meters
Chemicals and Petrochemicals
Water and Wastewater Treatment
Environmental Research and Pollution Control
By End User:
Food and Beverage
Pharmaceutical and Biotechnology Companies
Government and Academic Institutions
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
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