As per the report published by Fior Markets, the global pH meters market is expected to grow from USD 932.14 million in 2017 to USD 1,531.16 million by 2025 at a CAGR of 5.87% during the forecast period from 2018-2025.Europe is the fastest growing region due to high R&D, presence of advanced healthcare and industrial infrastructure, high health concern, high disposable income, and high awareness pertaining to waterborne diseases.
pH Meters Market by Product (Bench Top, Portable), Type, Application, End Use (Pharmaceutical, Biotechnology, Environmental Testing, Food & Beverage, Government & Academic Institutions), Region and Global Forecast 2018-2025.
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Prominent companies in the industry include Danaher Corporation, Hanna Instruments, Thermo Fisher Scientific Corporation, PerkinElmer Inc., Agilent Technologies, Metrohm USA, Mettler Toledo, Horiba, Zhangzhou Eastern Intelligent Meter Co Ltd, Hangzhou Lohand Biotechnology Co. Ltd., Contech Instruments Ltd., Qingdao Tlead International Co. Ltd., Beckman Coulter, Hanna Instruments, Cole-Parmer Instrument Company, CHEMetrics, Flinn Scientific, Swastik Scientific Company, and A & E Technology Import & Export Co. Ltd. are offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in 2012, Hanna Instruments partnered with Laboratory Scientific Supplies for supplying bench meter to UAE and Oman.
Product segment covers bench top and portable. The bench top segment valued around USD 512.77 million in 2017. The wide applications of bench top in academic institutes, industrial researchers, ease of usage and user friendly, and rising demand for easy accessibility & accuracy. Type segment is divided into digital and manual. The digital segment held highest market share of 53.23% in 2017. The digital pH meters provide more accurate data than manual pH meter due this its adoption in researchers and pharmaceutical companies has increased. In addition, drug discovery processes in pharmaceutical and biopharmaceutical companies prefer digital pH meters. Application segment includes bioprocessing, chemicals & petrochemicals, environmental research & pollution control, food science, and research & academics. The bioprocessing segment is anticipated to grow with highest market share 29.14% during the forecast period owing to the use of pH meters in fermentation and protein purification processes to test the samples and adoption of portable pH meters in controlling water pollution. End use segment is categorized into pharmaceutical, biotechnology, food & beverage, environmental testing, government & academic institutions. The food & beverage segment is anticipated to grow with highest CAGR 7.49% during the forecast period owing to technological advancements in pH meters, testing the regulatory quality standards of food products & beverages, increasing analysis of water pH level for testing quality of drinking water, increasing awareness, and encouraging government initiatives.
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Growing user awareness, technological advancement in pH meters, calibration-free pH meter, increased water contamination incidences and water-related diseases are drivers lifting the demand of the pH meters market. In addition, positive regulatory support in developed countries will lead the growth of pH meters market in couple of years. The difficulty to measure pH of solutions with low ion concentration and lack of awareness about the significance of pH meters in developing regions may hinder market growth. However, growing number of research and testing laboratories and increased use of portable pH meters globally is predicted to enhance the pH meters market size during the forecast period.
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