Press release
Global Turbidimeter Market Set to Surge to US$ 952.1 Million by 2029, with a Steady 4.0% CAGR Forecast through 2029
As of 2022, the global turbidimeter market, as estimated by Future Market Insights (FMI), has been experiencing robust growth, with a noteworthy year-on-year increase of 5.6%. By the end of the same year, the market is projected to reach an impressive valuation of approximately US$ 641.8 Million. This upward trajectory is not expected to stagnate; rather, it is poised for continuous expansion over the next few years. FMI predicts a substantial compound annual growth rate (CAGR) of 4.0% for the turbidimeter market from 2022 through 2029, reaching valuation of US$ 952.1 Million.But why this unprecedented growth in the demand for turbidimeters? The answer lies in the changing regulatory landscape, especially concerning water quality. As governments and regulatory bodies worldwide tighten their grip on ensuring the safety and cleanliness of water sources, industries dealing with liquid substances have had to adapt swiftly.
Turbidimeters, with their ability to measure the cloudiness or haziness of a liquid, have become indispensable in this endeavor. They help in assessing the concentration of suspended particles in a liquid, which is a key indicator of water quality. In industries where even the slightest impurities can compromise the end product or pose health risks, turbidimeters serve as the first line of defense.
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Quality maintenance is becoming a priority for various sectors that use analytical testing equipment, and turbidimeters are one of the preliminary equipment utilized for quality analysis. This would remain among the key factors pushing sales of turbidimeter at a global level.
Customers would be inclined towards online turbidimeters in the near future, as they are accurate, quicker, and thus, highly reliable. Moreover, online turbidity monitoring is possible for continuous flow systems with a high measuring range of up to 10,000 NTU.
- Key Takeaways - Turbidimeter Market Study
Turbidity level of potable water has become a serious concern owing to contamination caused by toxic industrial waste and other pollutants. Strict measures are being taken for regulating turbidity levels of water.
Various water treatment and effluent treatment plants (ETP) have been established in order to regulate turbidity and other parameters, which will fuel the growth of market.
Increasing number of desalination plants in the Middle Eastern region is amplifying demand for turbidimeters.
Handheld turbidimeters are gaining traction owing to their compact size and application in time-critical measurements. However, highly accurate analysis is still majorly conducted by benchtop turbidimeters, as they have a wider measurment range.
Currently, sales of benchtop turbidimeters are relatively high in South Asia, because of more popularity of laboratory analysis in various industries.
Prices of benchtop and handheld turbidimeters are comparatively low in East Asia than other regions, owing to the prominent presence of local manufacturers.
Manufacturers are increasingly selling their products online to capitalize on features such as user-friendly interface, easy selection criteria, and price comparison.
- Key Players Profiled:
Thermo Fisher Scientific Inc.
Danaher (Hach) Corp
Emerson Electric Co
Xylem Inc.
METTLER TOLEDO
Merck KGaA
PCE Instruments
Hanna Instruments Inc.
Tintometer Inc.
LaMotte Company
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- Market Segmentation:
By Portability Type:
Handheld
Stationary
By Application:
On-field
Off-field
By End Use:
Wastewater Treatment
Chemical & Materials
Oil & Gas
Pharmaceutical
Pulp & paper
Food & Beverages
Research & Academia
Others
By Region:
North America
Latin America
Europe
South Asia
East Asia
Middle East and Africa(MEA)
Oceania
Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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