Residual Chlorine Meters Market Global Size, Share, Key Players, Production, Growth and Future Insights 2022-2030 | Analyticon Biotechnologies GmbH, Rakiro Biotech Systems Private Limited, BOQU Instruments, ABB Ltd., 

Astute Analytica published a new report on the global Residual Chlorine Meters Market. The global market report has extensive information about the market size, drivers, threats, opportunities, and growth factors. In addition, the research report contains COVID-19 impact, regional insight, competitors' analysis, and segmentation. 

The global Residual Chlorine Meters Market is estimated to witness a rise in revenue from US$ 330.2 Mn in 2021 to US$ 527.3 Mn by 2030. The market is registering a CAGR of 5.3% during the forecast period 2022-2030. Moreover, in terms of volume, the global residual chlorine meters market is expected to project a CAGR of 4.9% during the forecast period 2022-2030. 

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According to a 2019 estimate from the International Council of Chemical Associations, the chemicals industry is one of the largest in the world, contributing US$ 5.7 trillion to global GDP and supporting nearly 120 million employments. In order to reduce the negative environmental impact of chemical manufacture, chemical industries are progressively embracing sustainable and eco-friendly procedures. Chemical companies are using an eco-friendly alternative such as using carbon dioxide from the atmosphere to make fuels, industrial products, and other chemicals. Technological advancements and the development of chemical sciences are playing a major role in this transition in the industry.

Impact Analysis of COVID-19

Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies' stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.

Competitive Landscape

The key players in the Global Residual Chlorine Meters Market are Horiba, DKK-Toa Corporation, Hanna Instruments, Hach Company, Tanita, Automated Water & Effluent Ltd., Yokogawa Electric Corporation, Analyticon Biotechnologies GmbH, Rakiro Biotech Systems Private Limited, BOQU Instruments, ABB Ltd., Lohand Biological, Christian Bürkert GmbH & Co. KG and Extech Instruments among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions to have a grip on emerging markets. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.

Segmentation Overview 

Global Residual Chlorine Meters Market is segmented based on solution, measurement, form, display, application, and region. The industry trends in the Global residual chlorine meters market are sub-divided into different categories in order to get a holistic view of the global marketplace. 

Following are the different segments of the Global Residual Chlorine Meters Market:

By Solution segment of the Global Residual Chlorine Meters Market is sub-segmented into:

Equipment 
Consumables
Reagent Kits
Reagent Tablets/Powders
Color Wheel Comparator Kits
Test Tube Comparator Kits
Pool Test Kits
Test Strips
Electrodes
Accessories

By Measurement segment of the Global Residual Chlorine Meters Market is sub-segmented into:

Offline (DPD Colorimetric Detection)
Online/Continuous (Amperometric Sensors)

By Form segment of the Global Residual Chlorine Meters Market is sub-segmented into:

Wall-mount
Handheld/ Portable
Pen Style

By Display segment of the Global Residual Chlorine Meters Market is sub-segmented into:

LED Display
LCD Display

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By Application segment of the Global Residual Chlorine Meters Market is sub-segmented into:

Water Purification Plant
Industrial
Municipal
Food and Beverages
Desalination
Laboratory Use
Others

By Region segment of the Global Residual Chlorine Meters Market is sub-segmented into:

North America
The U.S.
Canada
Mexico
Europe
The UK
Germany
France
Italy
Spain
Poland 
Russia
Rest of Europe
Asia Pacific
China
India
South Korea
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America

Regional Insights

As economies reopen and countries are lifting limitations, the US chemical industry is forecast for a significant recovery in 2022, which could boost plant utilization rates that were affected hard by the pandemic. In the United States, industrial production is forecast to increase by 5.5 percent in 2021 and 4.3 percent in 2022. Chemical volumes in the United States are forecast to rise 1.5 % in 2021 and 3.0% in 2022, while shipments to rise 8.0 % in 2021 and 2022, following a 13.5% drop in 2020.

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The Asia Pacific region size value was 36.0% market share, maintaining the largest market share across all regions. As a result of the existence of critical developing economies such as China, India, and Japan in this region, recording the largest market share in the market. Paints and coatings, water treatment, personal care ingredients and cosmetics, electronics, agriculture, and other sectors employ chemicals throughout the Asia-Pacific area. For foreign investors, these places provide excellent investment options. China was the largest specialty chemical market in Asia in 2019, accounting for about 38.9% of the global market. India came in second with a 23.1% share of the total market.

About Astute Analytica 

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This release was published on openPR.