An Incisive, In-depth Analysis on the Tds Meter Market
This study offers a comprehensive, 360 degree analysis on the Tds Meter market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Tds 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.
TDS meter market is expected to witness a healthy CAGR of 5.9% during the forecast period 2019-2027, attributed to the wide-ranging applications of TDS meters.
Rising adoption of TDS meter in hydroponics for the determination of nutrient concentration of the respective hydroponic solutions has been cited as a strong factor emerging as a potential driver associated with TDS meter market growth.
High demand for TDS meter to be witnessed for potable water testing
TDS meters help determine the adequate level of the concentration of total dissolved solids in tap water, which has been set at 500 ppm by EPA (the Environmental Protection Agency). TDS levels higher than 1000 ppm are considered dangerous for human beings, as a high TDS level indicates that the water is not potable and is associated with serious potential health concerns.
The demand for TDS meter is increasing for applications related to tap water testing, attributed to the considerable presence of several pesticides, hazardous chemicals, traces of heavy metals, dissolved minerals, and salts in tap water due to land run-off, sewage, and industrial activities.
Growing demand for on-site water testing to favor pen type TDS meter sales
The pen type TDS meters have been witnessing promising demand since the recent past owing to their on-site testing flexibility. Pen type TDS meters are commonly used to determine the total hardness of water, as the TDS (total dissolved solids) level in hard water is high, which results in the scale buildup within valves and pipes. In addition, pen type TDS meters are lightweight and handheld, and are considered to be ideal for quick testing of water on site.
Growing availability of advanced handheld TDS meters to boost the market growth
Manufacturers of TDS meters are focusing on launching advanced and modified TDS meters for superior results. Most of the manufactures of TDS meters are introducing handheld or portable TDS meter models that facilitate tap or filtered water testing.
In 2018, Hanna Instruments., one of the prominent US-based manufacturers of TDS meters, launched a Portable TDS Meter - HI8734, with three ranges that allow flexibility of switching as and when needed (0.0 to 199.9 mg/L, 0 to 1999 mg/L, and 0.00 to 19.99 g/L.) along with the TDS temperature compensation from 0 to 50°C. The product also has an extended battery life of 9V that enables approximately 100 hours of continuous usage.
Rapid developments in APEJ are creating opportunities for TDS meter manufacturers
Asia Pacific excluding Japan (APEJ) is expected to capture a significant share of the global TDS meter market due to the high adoption of water quality testing machines, such as TDS meters, in the region. Moreover, the region focuses on wastewater treatment. Governments are undertaking initiatives to reinforce policies regarding the quality of water and its applications in the countries within APEJ. This according to the study is expected to drive the TDS meter market during the forecast period.
On February 14, 2019, the Water Quality Association provided support to the US EPA for taking the appropriate steps for the setting of PFAS, a safety threshold for highly toxic drinking water contaminants.
Product upgrade & innovations and acquisitions remain key strategies among manufacturers of TDS meters
Increasing number of inventions and upgradation in the features of TDS meters is expected to fuel the demand for the same among the end-use industries. Furthermore, the increasing number of acquisitions by the manufacturers of TDS meters is predicted to contribute to the growth of the TDS meter market during the forecast period. Prominent players are focusing on expanding their businesses through collaborations, acquisitions, and mergers to increase their regional footprint in the market.
In 2018, Geotech Environmental Equipment Inc., one of the US based prominent manufacturer of TDS meter, announced Geotech Environmental Equipment Acquires Hi-Tec Plastics Inc., the execution of a definitive merger agreement under which Geotech acquired all assets of Hi-Tec Plastics of Denver, Colorado.
Future Market Insights (FMI) offers an eight-year forecast for the TDS meter market between 2019 and 2027. In terms of value, the TDS 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 TDS meter market over the forecast period.
TDS Meter Market Report Description
This research report provides a detailed analysis of the TDS meter market and offers insights about the various factors driving the popularity of TDS meters. The TDS meter market report includes an extensive analysis of the key industry drivers, challenges, market trends, and market structure. The TDS meter market study provides a comprehensive assessment of the stakeholder strategies and imperatives for succeeding in the business. The TDS meter market report also includes the market segmentation on the basis of the product type, test type, end use, and region.
The TDS meter market is expected to witness significant value and volume growth during the forecast period owing to the high demand for research laboratories and textile industries in various countries around the world.
The global TDS meter market report starts with an overview of the TDS 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 TDS meter market.
On the basis of product type, the TDS meter market has been segmented into pen type TDS meter, portable TDS meter, and benchtop TDS meter. On the basis of test range, the TDS meter market has been segmented into auto range, low range (<2000ppm), and high range (>2000ppm). On the basis of end use, the TDS meter market has been segmented into governmental (municipal bodies), agriculture, industrial, environmental sciences, aquariums, and others.
A detailed analysis has been provided for every segment in terms of the market size analysis of the TDS meter market across different regions. This section provides a detailed analysis that covers the key trends prevalent in the global TDS meter market.
The next section of the global TDS meter market report covers a detailed analysis of the TDS meter market across various countries in the region. It provides an outlook for the TDS meter market for 2019–2027, and sets the forecast within the context of the TDS meter market. This study discusses the key trends within countries contributing to the growth of the TDS meter market as well as analyses the degrees at which the drivers are influencing the TDS meter market in each region.
The key regions and countries assessed in the TDS meter market report include North America (the U.S. & Canada), Latin America (Brazil, Mexico, & the rest of Latin America), Europe (Germany, U.K., Italy, France, Russia, & the rest of Europe), Japan, APEJ (China, India, Malaysia, Thailand, Australia, & the rest of APEJ), and MEA (GCC Countries, Turkey, South Africa, & the rest of MEA). This report evaluates the present scenario and the growth prospects of the TDS meter market across various regions globally for the period 2019 –2027. We have considered 2018 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 TDS meter market is expected to grow in the future. Given the characteristics of the global TDS meter market, we have triangulated the outcomes of different types of analysis based on the technology trends.
As previously highlighted, the global TDS meter market has been split into a number of segments. All segments on the basis of the product type, test range type, end use, and region have been analysed in terms of basis points to understand the relative contributions of each segment to the growth of the TDS meter market. This detailed information is important for the identification of various key trends in the global TDS meter market.
In addition, another key feature of the global TDS 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 TDS meter market.
In the final section of the global TDS 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 TDS 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 TDS meter supply chain and the potential players for the same.
Report audience 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 TDS meter market. Some of the key vendors of TDS meters are HM Digital Ltd., Palintest, Hanna Instruments, Apera Instruments, Bante Instruments, Hach, Panomex Inc., Eutech Instruments Pvt. Ltd., Geotech Environmental Equipment Inc., Horiba Ltd., Intertek Group Plc, Optiqua Technologies Pvt. Ltd., Pentair Plc, Systonic, Milwaukee Instruments, Inc., General Tools & Instruments LLC, Presto Grroup, Precision Scientific Instruments Corporation, and Halma.