Introduction
The global pH meters market has been experiencing significant growth, driven by various factors such as the increasing demand for these devices in sectors including education, academia, biotechnology, pharmaceuticals, food processing, water treatment, power generation, agriculture, and fertilizers. According to the TechSci Research report titled “PH Meters Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028,” the global pH meters market reached USD 1.44 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.13% during the forecast period from 2024 to 2028.
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Growth Drivers
One of the primary drivers of growth in the pH meters market is the increasing demand from educational institutions and academia. pH meters are essential tools for teaching and research purposes in science education, driving their adoption in academic settings. Furthermore, the focus on science education and research is emerging as a key growth driver for the pH meters market.
Additionally, the biotechnology and pharmaceutical sectors are emerging as significant consumers of pH meters. As these industries continue to evolve and expand, the demand for pH meters for various applications such as cell culture, bioprocessing, and drug formulation is on the rise. The need for strict quality control and regulatory compliance further contributes to the demand for pH meters in these sectors.
Market Opportunities
The pH meters market is presented with attractive growth opportunities, fueled by various factors. There is an increasing incidence of microbial infections, driving the need for pH meters in various sectors including healthcare, water treatment, and food processing. Ongoing technological advancements in pH meters are also contributing to market growth, enhancing their accuracy, reliability, and efficiency.
Moreover, the proliferation of research and testing laboratories, encompassing soil testing, water testing, and food testing facilities, is set to further propel the utilization of pH meters. pH meters play a critical role in ensuring water quality and preventing corrosion in infrastructure such as pipelines, condensers, and boilers, thereby enhancing their industrial utilization.
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Impact of COVID-19 Pandemic
The COVID-19 pandemic significantly influenced the pH meters market. There was a heightened demand for pH meters in the healthcare sector, where they are used for measuring acidity and alkalinity in various applications, including drug development, vaccine production, and water treatment. Elevated alkalinity levels in water can lead to various health issues, highlighting the importance of pH meters in ensuring water quality and public health safety.
Segment Analysis
The Global pH Meters Market is segmented based on product, application, regional distribution, and company.
Product Segmentation:
- Benchtop Meters: This segment saw the highest revenue share in 2022 due to its widespread use in academic institutions, laboratories, and industrial research. Anticipated technological advancements such as online pH meters and calibration-free measurement systems are expected to drive market growth in the coming period.
- Portable pH Meters: This segment is projected to experience the highest CAGR during the forecast period, driven by factors such as stringent regulations on water treatment facilities, increasing public health concerns about water quality, and the easy accessibility and availability of such instruments.
Application Segmentation:
- Food Science Sector: This sector secured the largest share of revenue in 2022 due to the broad utilization of pH meters across various industries including wine, fruit juice, food processing, agriculture, dairy, and others.
Competitive Landscape
The competitive landscape of the pH meters market is characterized by the presence of several key players striving to gain a competitive edge through product innovation, technological advancements, and strategic partnerships. For example, in March 2023, Hanna Instruments, Inc. introduced its Advanced Benchtop Meter Series, known for their speed, accuracy, and consistency, suitable for various industries.
Conclusion
In conclusion, the global pH meters market is witnessing significant growth driven by factors such as the increasing demand from educational institutions, academia, biotechnology, pharmaceuticals, food processing, water treatment, power generation, agriculture, and fertilizers. The market presents attractive growth opportunities, fueled by factors such as the increasing incidence of microbial infections, ongoing technological advancements in pH meters, and the proliferation of research and testing laboratories. However, companies in the pH meters market need to navigate the competitive landscape strategically to capitalize on these opportunities and maintain a competitive edge in the market.
Major companies operating in Global PH Meters Market are:
- Danaher Corp
- Hanna Instruments United States Inc
- Thermo Fisher Scientific Inc
- PerkinElmer Health Sciences Inc
- Agilent Technologies, Inc.
- Metrohm AG
- Mettler-Toledo International Inc.
- HORIBA, Ltd.
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“The global pH meters market is undergoing a transformation driven by key trends that align with technological advancements and the changing needs of industries. Miniaturization, connectivity, advanced calibration, multi-parameter capabilities, sustainability, improved sensor technologies, the biotechnology and pharmaceutical sector’s growth, and market expansion in developing regions are all set to shape the future of the pH meters market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“PH Meters Market By Product (Bench top pH meter, Portable pH meters, Continuous pH meters), By Application (Pharmaceuticals and biotechnology, Environmental research and pollution control, Food science, Laboratories, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global PH Meters Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global PH Meters Market.
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