An Incisive, In-depth Analysis on the Ph Meter Market
This study offers a comprehensive, 360 degree analysis on the Ph Meter market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Ph Meter market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
pH meter sales are likely to exceed the valuation of US$ 2 billion by the end of 2027, as indicated by a new study of Future Market Insights.
Portable and Benchtop pH Meter Witnessing High Demand for Wide-ranging Applications
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.
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 2019-2027.
Increasing Importance of pH Meters in Bacterial Screening of Whole Blood Platelets to Fuel Market Growth
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.
Government Regulations Pertaining to Water Treatment Bolster Demand Worldwide
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.
Leading Manufacturers of pH meters Adopt M&A as Key Strategies
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
On February 1, 2019, Emerson Electric Co., one of the leading U.S.-based manufacturers of pH meters, announced the acquisition of Intelligent Platforms from General Electric to expand its capabilities in discrete applications and machine control
On October 25, 2018, Thermo Fisher Scientific Inc., one of the prominent U.S.-based manufacturers of pH meters, announced the acquisition of the Advanced Bioprocessing business from BD (Becton, Dickinson and Company), for improving its medical technology offerings
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.
Future Market Insights (FMI) offers an 8-year forecast for the pH meter market between 2019 and 2027. In terms of value, the pH meter market is expected to register a single-digit CAGR during the forecast period. The study provides the global market dynamics and trends across six regions: North America, Latin America, Europe, Japan, APEJ, and MEA, which influence the current nature and the future status of the pH meter market over the forecast period.
pH meter Market- Report Description
This research report provides a detailed analysis of the pH meter market and offers insights about the various factors driving the popularity of pH meters. The pH meter market report includes an extensive analysis of the key industry drivers, challenges, market trends, and market structure. The pH meter market study provides a comprehensive assessment of the stakeholder strategies and imperatives for succeeding in the business. The pH meter market report includes the market segmentation on the basis of modularity, product type, end use, and region.
The pH meter market is expected to witness significant value and volume growth during the forecast period owing to the increasing need for water quality testing in various countries around the world due to growth in water pollution.
The global pH meter market report starts with an overview of the pH meter market in terms of value and volume. In addition, this section includes an analysis of the key trends, drivers, and challenges from the supply, demand, and economy side, which are influencing the pH meter market.
A detailed analysis has been provided for every segment in terms of the market size analysis of the pH meter market across different regions. This section provides a detailed analysis that covers the key trends prevalent in the global pH meter market.
The next section of the global pH meter market report covers a detailed analysis of the pH meter market across various countries in the region. It provides an outlook for the pH meter market for the forecast period, and sets the forecast within the context of the pH meter market. This study discusses the key trends in different countries, which are contributing to the growth of the pH meter market, as well as analyses the degrees at which the drivers are influencing the pH meter market in each region.
The key regions and countries assessed in the pH meter market report include North America (the U.S. & Canada), Latin America (Brazil, Mexico, & the rest of Latin America), Europe (Germany, U.K., Spain, France, Russia, & the Rest of Europe), Japan, APEJ (China, India, Malaysia, Singapore, Australia, & the rest of APEJ), and MEA (GCC Countries, Israel, South Africa, & the rest of MEA).
This report evaluates the present scenario, and as well as the growth prospects of the pH meter market across various regions globally for the period 2019 –2027. We have considered 2017 as the base year, and provided data for the remaining 12 months.
To offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the pH meter market is expected to grow in the future. Given the characteristics of the global pH meter market, we have triangulated the outcomes of different types of analysis based on the technology trends.
pH Meter Market: Segmentation
As previously highlighted, the global pH meter market has been split into a number of segments. All segments on the basis of modularity, product type, end use, and region have been analysed in terms of basis points to understand the relative contribution of each individual segment to the growth of the pH meter market. This detailed information is important for the identification of the various key trends in the global pH meter market.
On the basis of end use, the pH meter market has been segmented into food & beverages, pharmaceutical & hospitals, biotechnology, chemical & petrochemical, environmental research, educational institutes, and water & waste water management. On the basis of product type, the pH meter market has been segmented into digital and analogue. On the basis of modularity, the pH meter market has been segmented into portable and benchtop pH meters.
In addition, another key feature of the global pH meter market report includes the analysis of all the key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market, however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify the potential resources from a sales and delivery perspective in the global water quality test equipment market.
pH Meter Market: Competitive Landscape
In the final section of the global pH meter market report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the pH meter market, and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of the key providers specific to a segment of the pH meter supply chain, and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate the key competitors based on an in-depth assessment of their capabilities and success in the pH meter market.
Some of the key competitors covered in the pH meter market report are Emerson Electric Co., Hanna Instruments, Mettler-Toledo, Thermo Fisher Scientific, Omega Engineering, Endress+Hauser, Digital Labs GmbH, PerkinElmer, Agilent Technologies, ThermoWorks, Metrohm, Contech, WTW inoLab, Beckman Coulter, and Sartorius AG, Hach.