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Resistivity Meters Market

Resistivity Meters Market By Product Type (Analog Resistivity Meters, Digital Resistivity Meters), End Use (Electronic Industry, Research Laboratories, Water Monitoring Plants), Application (Volume Resistivity Meter, Surface Resistivity Meter) & Region - Forecast 2022-2032

Market Insights on Resistivity Meters covering sales outlook, demand forecast & up-to-date key trends

Resistivity Meters Market Overview

The overall sales of resistivity meters are projected to exceed a market valuation of US$ 9 Bn in 2022, exhibiting growth at 5% - 6% CAGR during the forecast period (2022-2032). Increasing demand for resistivity meters in wastewater treatment plants and water testing laboratories to check the purity of the water samples is expected to push sales past US$ 13 Bn by 2032.

Report Attribute

Details

Resistivity Meters Market Estimated Market Value (2022)

US$ 9 Bn

Resistivity Meters Market Forecast Value (2032)

US$ 13 Bn

Resistivity Meters Market Projected Growth Rate (2022-2032)

5% - 6% CAGR

Resistivity meters are used to measure the flow of electric current through ground or water samples from probes placed at regular intervals. This electronic device helps evaluate the soil and water compositions based on variations in electrical current values. Thus, applications of these meters are increasing in soil study, water treatment plants, and excavation of underground artifacts.

Growing need for the eradication of aseptic conditions in various industries and laboratories is spurring the demand for ultrapure water. This is likely to drive sales of resistivity meter in the coming years.

Besides this, sales are expected to be driven by growing need for the measurement of leakage of current along the surface of insulating materials such as rock wool, wool, fiberglass, polystyrene, polyurethane, and goose feather.

Which are the Drivers of the Resistivity Meters Market?

Rising demand for testing the resistivity of insulating materials as a part of safety standards in the electronic industry is expected to spur sales of resistivity meters in the forthcoming years.

The integration of features such as portability, high-speed response, selectable temperature function, and chemical resistance into the resistivity meters will fuel demand in the market.

In addition to this, mandatory testing of soil resistivity for checking electrical earthing before the commencement of any construction project is likely to offer new avenues for the growth in the market.

Furthermore, testing of surface resistivity of materials used in the metal and mining industry for supporting the quality and safety of the products is increasing. This is likely to propel the demand for resistivity meters at a considerable pace.

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Which are the Challenges Encountered in the Global Resistivity Meters Market?

Lack of skilled professionals in handling the resistivity meters for achieving accurate readings is projected to restrain the growth in the market.

Inadequacy of calibration facilities and demand for more time during the calibration are factors estimated to limit the sales of resistivity meters.

Additionally, high initial set-up cost of advanced resistivity meters will pose as a challenge for the growth in the market.

Which Factors are Boosting Sales of Resistivity Meters in North America?

As per the study, North America is estimated to hold a significant share in the market due to rising establishments of research laboratories and water treatment plants in the U.S. and Canada.

Increasing government investments in the advancements of testing technologies for applications in electronic, water treatment plants, and other verticals is projected to fuel the demand for resistivity meters in the region.

Moreover, growing adoption of the Internet of Things (IoT) sensors for the development of smart metering solutions is likely to create a conducive environment for the market in the upcoming years.

Nikhil Kaitwade
Principal Consultant
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How is Asia Pacific Contributing to the Growth of the Resistivity Meters Market?

Rising demand for adequate water and wastewater treatment, along with power generation is anticipated to drive sales of resistivity meters in Asia Pacific.

Also, ongoing expansion of construction, electronic, and wastewater treatment industries in developing countries, especially China and India, is anticipated to augment sales in the market.

Furthermore, growing demand from pharmaceutical and food and beverage industries across various countries for ultrapure water is expected to propel sales over the assessment period.

Market Competition

Key players profiled in the global resistivity meters market include HORIBA Ltd., Tinker & Rasor, ACL Inc., Geo Sensors, Aquaread Ltd., Fann Instrument Company, IRIS Instruments, OMEGA Engineering, and Electrotek Static Controls Pvt. Ltd., among others.

Leading manufacturers are introducing advanced testing technologies to meet the rising demand for pure water and power generation across the globe, which will help them reinforce their position in the market.

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Scope of Report

Report Attribute

Details

Growth Rate

5% - 6% CAGR

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in US$ Bn, 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
  • Application
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and 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 Ltd.
  • Tinker & Rasor
  • ACL Inc.
  • Geo Sensors
  • Aquaread Ltd.
  • Fann Instrument Company
  • IRIS Instruments
  • OMEGA Engineering
  • Electrotek Static Controls Pvt. Ltd.

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Key Segments Profiled in the Resistivity Meters Market

Product Type:

  • Analog Resistivity Meters
  • Digital Resistivity Meters

End Use:

  • Electronic Industry
  • Research Laboratories
  • Water Monitoring Plants
  • Others

Application:

  • Volume Resistivity Meter
  • Surface Resistivity Meter

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East & Africa

Frequently Asked Questions

Rising demand for pure water and wastewater treatment across the globe is projected to fuel sales in the market.

The global resistivity meters market is expected to register growth at a CAGR of 5% - 6% during the assessment period.

Prominent players profiled in the resistivity meters market include HORIBA Ltd., Tinker & Rasor, ACL Inc., Geo Sensors, Aquaread Ltd., and Fann Instrument Company.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Resistivity Meters Market