Global pH meters market is expected to reach nearly USD 1,951.2
million by 2022 according to a new report by Grand View Research Inc. Key
factors attributing to the market growth are introduction of technologically
advanced portable and bench top pH meters, growing concerns to monitor
environmental pollution and the need to regulate pH levels in various
consumable products.
Increasing demand for quality
control and routine testing of soil, water, food, beverage, and dairy products
is driving the use of new generation pH meters with multi-parameter analysis.
The new devices are improving the efficiency, accuracy, ease of usage, and
cost-effectiveness, which are expected to serve as high-impact rendering
drivers over the forecast period.
Increasing awareness regarding
the need to regulate waste water pH in industries such as chemicals,
pharmaceuticals, food processing, and other end use sectors is a key factor
boosting the usage rates. pH neutralization of the waste water discharged from
these industries is critical to prevent corrosion of sewage pipes and prevent
leakage of harmful substances in to the land and other water bodies.
Furthermore, growing awareness
about soil pH and its impact on plant nutrient absorption is a key factor
boosting the soil pH analysis. Maintaining the appropriate ratio of nitrogen,
phosphorous, and potassium (N-P-K) in the soil plays an important role in
improving the product yield, quality, and also improves resistance to various
diseases. The shift towards scientific agricultural practices and growing
demand for organic farming, soil testing, irrigational water testing, are some
the key factors expected to positively reinforce market growth over the
forecast period.
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Further key findings
from the study suggest:
·
In 2014, bench
top pH meters were the largest segment accounting for nearly 57% of the market.
Bench top pH meters are widely used in different industries, research labs and
commercial testing centers owing to their advanced features, ease of operation,
durability of the sensors, and accuracy.
·
Portable pH
meters are expected to be the fastest growing segment over the forecast period.
Low cost of these devices, high accuracy and ability to monitor pH of samples
at any location are major factors expected to boost the usage rates in the next
seven years.
·
In 2014, Europe
dominated the overall pH meters market with nearly 34% share. Some key factors
attributed to the high share are presence of stringent environmental
regulations, awareness about scientific agricultural, food and beverage
manufacturing practices.
·
However, Asia
Pacific is expected to the fastest growing with a CAGR of 7.9% over the
forecast period. The shift from traditional agricultural practices to
scientific and organic farming, increasing emphasis on managing waste water
discharge, and increasing demand from academic, food processing, beverages and
other end use industries are key factors expected to reinforce the market
growth over the forecast period.
·
The market is
witnessing high competition due to the presence of a large number of small and
medium scale manufacturers catering to regional demand. Key market players
include Thermo Fisher Scientific, Danaher Corporation, Mettler Toledo, Metrohm
USA, Hanna Instruments, Agilent Technologies, and Perkin Elmer.
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About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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