|01-11-2019 08:52 PM CET - Business, Economy, Finances, Banking & Insurance||
Global pH Meters Market Brief Analysis by Top Key Players - Agilent Technologies, Beckman Coulter, Contech Instruments, Hach, Hamilton Company, Hanna Instruments, Horiba, Jenco Instruments, Metrohm, Mettler-Toledo International, PCE Instruments, Qingdao T
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pH Meters market will exceed USD 0.9 billion by 2024; as per a new research report.
Increasing incidences of water borne diseases such as diarrhea and cholera coupled with positive regulatory landscape for the use of pH meters are major factors boosting market growth. Technological advancements in pH meters is attributed to propel industry growth. Presence of features in pH meters including pressure compensation, calibration free measurement systems, and auto temperature that encourages customer buying behavior thereby, driving market growth.
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Wide-ranging applications of portable pH meters further stimulates business growth. Portable pH meters used in variety of applications include chemical industry, waste water treatment, bioprocessing, environmental and pollution control is augmenting the business growth. Favorable regulatory landscape for measuring and maintaining pH of industrial waste water discharge will render positive impact on pH meters market. Escalating demand for pH meter in food industry is anticipated to fuel market growth in foreseeable future. Government agency such as, FDA regulating level of pH for many packaged food products and extensive applications of pH meters in detecting pH of food products are factors propelling business growth.
Difficulty in measuring pH of solutions with low ion concentration hinders market growth. Low ionic strength amongst electrode and sample further leads to significant junction potential. This junction potential hinders accuracy thereby leading to poor results and hindering market growth.
Bench top pH meters accounted for largest revenue share in 2016 due to surging demand in research labs for measuring pH of reagents, chemicals, and buffers that is accomplished with use of bench top pH meters. Obtainability of designs that fit onto lab benchtop and have user friendly interfaces are factors stimulating bench top pH meters market growth.
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Food science application held largest revenue share in 2016 on an account of high demand and wide range of applications in monitoring pH of different food products. Accurate monitoring of pH throughout production is authorized by federal or state regulations thus generates need for pH measurement and propels business growth.
Pharmaceutical and biotechnology companies of end-use segment will grow significantly owing to growing adoption of pH meters for pharmaceutical manufacturing as well as biotechnology derived drug development activities. Increasing adoption of pH meters for research purposes is anticipated upsurge revenue share during the forecast timeframe.
U.S. pH meters market held largest revenue share in 2016 and is anticipated to witness similar trend over the coming years. Supportive regulations in the country coupled with extensive applications of pH meter will fuel market growth in U.S. Fields of extensive applications include mining sector, pharmaceuticals, oil and gas sector, water treatment plants, power, food & beverages industries. Advents in technology and launch of enhanced pH meter boosts market growth.
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China pH meters market will grow lucratively due to high demand along with implementation of laws for monitoring quality of water to prevent water pollution. Trend of escalating demand for packaged food products contributes to monitoring of pH during manufacturing process thus further propelling business growth.
Some of the prominent industry players are Agilent Technologies, Beckman Coulter, Contech Instruments, Hach, Hamilton Company, Hanna Instruments, Horiba, Jenco Instruments, Metrohm, Mettler-Toledo International, PCE Instruments, Qingdao Tlead International, Emerson Electric (Rosemount Analytical), Sartorius, Shanghai Selon Scientific Instrument, Tecpel, and Thermo Fisher Scientific.
Business players are emphasizing on launch of advanced technology and expanding existing product portfolio. Advancements in technology and enhanced features offered in pH meters by various business players are factors paving industry growth.
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