pH meter sales are likely to exceed the valuation of USD 2 billion by the end of 2027, as indicated by a new study of Future Market Insights.
The pH meter market is expected to register a high CAGR during the forecast period due to the availability of portable and benchtop pH meters, which are used to determine the alkalinity or acidity (pH) of a sample. Portable as well as benchtop pH meters are widely used in household, industrial, and scientific applications.
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Moreover, growing popularity of portable and benchtop pH meters across various industrial sectors, such as pharmaceutical, water treatment, oil & gas, power industries, food & beverages, and mining, is expected to contribute to the growth of the global pH meter market during the forecast period 2019 to 2027.
The presence of bacterial infection in blood samples is a primary cause of transfusion-related mortality and morbidity. Hence, blood transfusion facilities need to employ systems to detect the bacteria in Platelet (PLT) apparatuses.
The pH of whole blood PLTs (WBPs) is calculated with the help of a pH meter as a surrogate test for bacterial infection and to prevent the transfusion of bacterially contaminated RBCs and WBPs. Thus, the demand for pH meters is increasing rapidly in the field of hospitals, biotechnology, and pharmaceutical laboratories, ultimately boosting growth of the pH meter market.
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North America is expected to capture a significant share of the pH meter market due to the high adoption of water quality testing machines, which is fuelled by stringent government regulations pertaining to water treatment plants. As per these regulations, water treatment plants need to lower the presence of pollutants that can affect the environment and quality of water.
Moreover, the destructive effect of acidic or alkalinity on high-cost equipment and pipelines, such as condensers, boilers, etc. in the oil & gas and chemical industries, is also expected to boost adoption of pH meters.
In Europe, the demand for pH meters is increasing in the field of pharmaceuticals and food & beverages industries for checking the acidity of samples. In addition, developing countries in the Asia-Pacific region excluding Japan (APEJ), such as India and China, are undertaking initiatives to reinforce policies about the quality of water and its uses, which is another factor that is estimated to drive the pH meter market over the forecast period.
Some of the key manufacturers are concentrating on introducing upgraded and advanced pH meters with better performance. Recent mergers and acquisitions in the pH meter market are mainly directed towards boosting developments and upgradation of the specifications of pH meters, and ultimately boosting product sales across end-use industries.
Manufacturers are focusing on acquisitions for enhancing the capabilities of automation processes to attract customers from the industrial sectors, and this is expected to contribute to the growth of the pH meter market during the forecast period. Key players are concentrating on increasing their businesses through acquisitions, collaborations, and merges to expand their regional footprint in the global market.
Some of the examples include
Some of these key developments by Thermo Fisher Scientific Inc. and Emerson Electric Co. for improving their position in the market are also expected to influence recent trends in the pH meter market.
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The growth outlook for the pH meter market is predicted to advance at a CAGR of 4.2% from 2022 to 2032.
The North American regions are expected to capture a significant share of the pH meter market during the forecast period.
The pH meter market is likely to hold a valuation of USD 2.46 billion by 2032.
The pharmaceutical and food & beverage sectors are the key end users in the pH meter market.
1. Global Market - Executive Summary 2. Global Market Overview 3. Global Market Analysis and Forecast 2013 to 2027 4. North America Market Size and Forecast, 2013 to 2027 5. Latin America Market Size and Forecast, 2013 to 2027 6. Europe Market Size and Forecast, 2013 to 2027 7. Japan Market Size and Forecast, 2013 to 2027 8. APEJ Market Size and Forecast, 2013 to 2027 9. MEA Market Size and Forecast, 2013 to 2027 10. Global Market Company Share, Competition Landscape and Company Profiles 10.1. Emerson Electric Co. 10.2. Hanna Instruments 10.3. Mettler-Toledo 10.4. Thermo Fisher Scientific 10.5. Omega Engineering 10.6. Endress+Hauser Digital Labs GmbH 10.7. PerkinElmer 10.8. Agilent Technologies 10.9. ThermoWorks 10.10. Metrohm 10.11. Contech 10.12. WTW inoLab 10.13. Beckman Coulter 10.14. Sartorius AG 10.15. Hach 10.16. Apera Instruments 10.17. Corning 10.18. Hamilton Company 10.19. HORIBA, Ltd. 10.20. ITT INC. 11. Research Methodology 12. Secondary and Primary Sources 13. Assumptions and Acronyms 14. Disclaimer
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pH Meter Market
