Benchtop pH Meters Market

Benchtop pH Meters Market Overview

The global benchtop pH meters market size is expected to be valued at US$ 10.3 Billion in 2022. It is slated to top at 3.9% CAGR and reach US$ 14.6 Billion in the forecast period from 2022 to 2032. The increasing implementation of stringent government norms to enhance the quality of water is anticipated to drive the demand for benchtop pH meters in the near future.

Report Attribute	Details
Benchtop pH Meters Market Estimated Base Year Value (2021)	US$ 9.1 Billion
Benchtop pH Meters Market Expected Market Value (2022)	US$ 10.3 Billion
Benchtop pH Meters Market Anticipated Forecast Value (2032)	US$ 14.6 Billion
Benchtop pH Meters Market Projected Growth Rate (2022-2032)	3.9% CAGR

Benchtop pH meters are considered to play a vital role in laboratories as these are extensively utilized in a wide range of synthetic and analytical processes. The rising demand for these meters in laboratories globally owing to their high flexibility and versatility is estimated to spur the market.

The urgent need to comply with water quality testing parameters in both developed and developing countries to enhance processing, chemical, laboratory, and industrial applications is also set to influence the growth.

The rising usage of these meters to measure the acidity and alkalinity of liquid or semi-solid samples across chemical, pharmaceutical, and wastewater industries is another significant factor that is likely to drive the growth.

The utilization of these meters in the production of prescription drugs is projected to bode well for the market. These are nowadays used in pH-dependent products, including eye drops, syrups, and creams for routine checks.

Which are Some Prominent Drivers Spearheading Benchtop pH Meters Market Growth?

The surging prevalence of water-borne diseases in various parts of the world, especially in Latin America and Asia Pacific is expected to bode well for the market. According to the World Health Organization (WHO), around 2 billion people worldwide utilize a drinking water source that is contaminated with feces. The organization also states that only 50% of healthcare facilities in 2019 had basic water services in developed countries. These numbers are projected to grow in the upcoming years, thereby propelling the sales of benchtop pH meters.

In addition to that, the ongoing industrialization and urbanization are anticipated to result in water pollution, which would further lead to waterborne diseases. The usage of benchtop pH meters grew at a fast pace in the pharmaceutical and biotechnology industries since the outbreak of the COVID-19 pandemic for vaccine production and drug development.

What are the Challenges Faced by the Benchtop pH Meters Industry?

Benchtop pH meters are very expensive, as compared to the conventional test strips. Companies in developing countries that often take an occasional reading cannot afford these meters and hence, they opt for test strips. Besides, these need regular cleaning for better operation and to avoid contamination. Majority of the probes have glass tips that can break easily or get damaged if exposed to toxic materials. Spurred by the aforementioned factors, sales of benchtop pH meters are anticipated to grow at a rapid pace.

Why is North America emerging as an Opportunistic Benchtop pH Meters Market?

North America is estimated to remain at the forefront in terms of the benchtop pH meters market share during the evaluation period. This growth is attributable to the rising adoption of state-of-the-art water testing machines in water treatment plants located in the U.S. and Canada.

The increasing number of research and development activities and the presence of numerous reputed manufacturers in these countries are likely to augur well for the market. The growing concerns regarding health and wellness, as well as the surging number of strict norms to govern food processing activities would help the North America market to prosper in future.

How is Asia Pacific Contributing to Growth of the Benchtop pH Meters Market?

Asia Pacific is expected to showcase considerable benchtop pH meters market growth in the assessment period. The high demand for multi-functional meters in emerging economies, such as India and China owing to the increasing cases of waterborne diseases is projected to augur well for the regional market.

As per the India Water Portal, approximately 37.7 million Indians are affected by waterborne diseases annually and about 1.5 million children die of diarrhoea. It leads to an economic burden of around US$ 600 million every year. This trend is set to continue throughout the forthcoming years, thereby driving the Asia Pacific market.

Market Competition

The global benchtop pH meters market houses several renowned companies. Some of them are Horiba, Thermo Fisher, Sartorius AG, Hanna Instruments, Danaher Corporation, Agilent Technologies, PerkinElmer Inc., Metrohm, Mettler Toledo, and Beckman Coulter among others.

Majority of the leading players in the market are striving to launch new products to improve their existing product portfolios. They are investing huge sums in research and development activities to come up with cutting-edge products. Meanwhile, a few other renowned companies are engaging in various growth strategies, such as collaborations, agreements, acquisitions, and joint ventures to expand their geographic presence.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 3.9% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015-2020
Forecast Period	2022-2032
Quantitative Units	Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Product Type End Use Region
Regions Covered	North America Latin America Western Europe Easter Europe APEJ Japan Middle East & Africa
Key Countries Profiled	U.S Canada Brazil Argentina Germany U.K France Spain Italy Nordics BENELUX Australia & New Zealand China India ASEAN GCC South Africa
Key Companies Profiled	Horiba, Thermo Fisher Sartorius AG Hanna Instruments Danaher Corporation Agilent Technologies PerkinElmer Inc. Metrohm Mettler Toledo Beckman Coulter
Customization	Available Upon Request

Key Segments Profiled in the Benchtop pH Meters Industry Survey

By Product Type:

• Equipment
• Accessories

By End Use:

• Biotechnology & Pharmaceutical
• Food & Beverages
• Water and Wastewater
• Government and Environmental Research
• Chemicals and Petrochemicals
• Others

By Region:

• North America
• Latin America
• Western Europe
• Easter Europe
• APEJ
• Japan
• Middle East & Africa