Pune, India, March 09, 2023 (GLOBE NEWSWIRE) -- The global PH Meters Market size will expand on account of increasing awareness about the impurities present in water worldwide. According to World Health Organization, there are at least 2 billion people that drink water contaminated with faeces globally. Fortune Business Insights, in its latest report, titled “PH Meters Market Size, Share & Industry Analysis, By Meter Type (Benchtop pH meter, Portable pH meter, Continuous pH Meters), By Application (Pharmaceutical & research laboratories, Food & beverages, water & wastewater treatment, Chemicals, Oil & gas, Others (Agriculture)) Others and Regional Forecast, 2023-2030.”, predicts positive growth owing to increasing prevalence of diseases caused due to contamination of water globally for the market during the forecast period.
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PH meters are scientific electric devices that are specially used to measure hydrogen-ion levels in water solutions. Water solutions having large number of hydrogen ions are most likely to be acidic in nature. Whereas, that which contain equal number of hydrogen ions and hydroxyl ions are termed as pure water solutions. High levels of acidity or alkalinity present in water can lead to numerous diseases and health issues among the people. A PH meter comes handy in such situations as it is widely used as a medium to ensure the quality and safety of the drinking water according to regulatory standards set by government agencies. With several cases of contamination of drinking water coming to the fore, the increasing use of PH meters is expected to drive the growth of the market in the forecast period.
Industrial Developments:
METTLER TOLEDO launched its Pro2Go handheld pH meter for rapid measurement.
Camlab introduced a new series of portable pH which includes two models (i.e. new Jenway 550 and 570 pH meters) in order to offer an affordable option at entry level.
Report Highlights:
| Report Attribute | Details |
| Base Year | 2022 |
| Historical Year | 2019-2021 |
| Forecast Year | 2023-2030 |
| Segments Covered | By Meter Type, By Application, and By Geography |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2023 to 2030 |
| Geographies Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America and Rest of World |
| Countries Covered | Unites States, Canada, Mexico, Unites Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
COVID-19 Impact –
The COVID-19 pandemic has had a mixed impact on the pH meter market, with increased demand in healthcare and food industries for testing pH levels of disinfectants and food products, but also supply chain disruptions and reduced production capacity leading to shortages of pH meters in some regions. Economic uncertainty and financial constraints have also led to a decline in investment in the pH meter market, which could have long-term impacts on the industry. As the pandemic continues to evolve, the long-term impact on the pH meter market remains uncertain.
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Drivers & Restraints:
Strict Government Regulations Will Boost the Market Growth
According to World Health Organization (WHO), in 2017, around 220 million people were infected with schistosomiasis, an acute and chronic ailment caused due to parasitic worms, on account of consuming contaminated water. Furthermore, to prevent such incidents the government agencies thereby set strict standard regulations to ensure that the population get access to safe potable water. For instance, the United States Environmental Protection Agency (US EPA), has set standard regulations to keep in check the presence and levels of about 90 different contaminants in drinking water that includes E. coli, Salmonella, Metals such as lead, arsenic, and Cryptosporidium. PH meters detect water impurities to maintain the purity and safety of water. Various government initiatives to create awareness for drinking safe water is expected to drive PH meters market growth during the forecast period.
Report Coverage:
The report includes in-depth details about the global PH meters market trends, growth opportunities, challenges, growth drivers, and restraints faced by the market during the forecast period. Additionally, it provides analysis of all the segments present in the market. Furthermore, extensive information is given about the competitive landscape that consists of novel product launches, agreements, contracts, investments, mergers and acquisitions, and strategic partnerships. Moreover, it includes the market size, along with the dynamics and changing consumer behaviour that will impact the growth of the market between 2023 and 2030.
Regional Analysis:
North America to Remain at Forefront; Growing Pharma, Manufacturing, and F&B Sectors to Boost Demand
Geographically, the report is segmented into regions such as North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa, which is further divided in to nations. Among the regions, North America is expected to be at the forefront during the projected horizon. This attributable to factors such as growing pharmaceutical, manufacturing, and food & beverages sectors. In addition to this, strict government regulations for ensuring access to high-quality of drinking water for the general population in countries such as US & Canada will contribute to the growth of the market in North America. On the other hand, the market in Europe, will witness substantial growth on account of rising industrial infrastructures, and increase in research and development activities between 2023 and 2030.
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The Report Lists the Key Players Profiled in the Market:
- Honeywell International Inc.
- Hanna Instruments
- Van London Company
- Emerson Electric Co.
- PreSens Precision Sensing GmbH
- Jenco International, Inc.
- Infineon Technologies AG
- Thermo Fisher Scientific Inc.
- Testo SE & Co. KGaA
- Metrohm AG
Competitive Landscape:
Mettler Toledo Launches a Portable PH Meter
Mettler Toledo, one of the leading global precision instruments manufacturer, launched Pro2Go, a smart handheld PH meter. The portable PH meter provides accurate and fast measurement, single-handed operational capabilities, and great durability. The market which comprises of several companies are adopting various strategies such as novel product launches, mergers and acquisitions, and others to gain a competitive edge and remain at the forefront to gain maximum of the PH meters market revenue during the forecast period.
Table of Content:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Key Industry Developments - Merger, Acquisitions, and Partnerships
4.2 Distribution Analysis
4.3 Porter’s Five Forces Analysis
4.4 PEST Analysis
4.5 Technological Developments
4.6 Impact of COVID-19
Continued…
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