Global pH Meters Market surpassed USD 800 million in 2016 and is projected to witness 3.5% CAGR growth from 2017 to 2024. pH meters market will witness a remarkable growth owing to increasing water borne diseases such as cholera, typhoid and diarrhea across developing countries. As per World Health Organization, 3.4 million people die annually from water-related diseases and about 2.2 million deaths are due to diarrhea, 90% of these deaths occur in children, mostly in developing countries. Increasing demand for sanitation, good water supply, hygiene and water management will contribute to prevention of these diseases, thereby increasing the demand for pH meters for regular monitoring of the solutions.
Advanced features in pH meters such as auto temperature, pressure compensation and calibration free measurement systems will drive the market growth. Positive regulatory landscape in developed countries maintaining pH of waste water discharge through industries will further propel the business growth. Advantages associated are simplified use, calibration controls, portability, high accuracy, high precision, non-disposal and reduced subjectivity.
Difficulty to measure pH of solutions with low ion concentration and growth of bacteria leading to contamination will hamper the pH meters market growth. Damage due to certain solutions, high cost associated with research and development and increasing competition will further restrain the growth opportunities of the market.
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Benchtop pH meters segment will continue to witness robust growth owing to its increasing utilization in laboratories, research institutes and academic institutes. They have wide range applications in waste water, drinking water, food and beverage, chemical and pharmaceutical testing. Benefits of bench top pH meters are highest accuracy and precision, has wide choice of electrodes, provides electrode arms that make it easy to measure lots of samples with less effort, have software, datalogging to make laboratory work easier and well suited to tricky applications.
Water and waste water treatment segment is set to witness lucrative growth in the forecast timeframe. pH directly influences wastewater treatability regardless of whether treatment is chemical, physical or biological. It is a critical parameter in water and wastewater treatment for chemical production, municipal and industrial applications, agriculture research, and production. Utilization of pH meters to give corrosion and scaling potential insights, as well as for designing and restoring high purity water treatment systems has been increased. The designing of water treatment systems helps in optimizing coagulants upstream to assessing poor ion exchange performance downstream, thereby driving the segment growth.
Food and Beverage segment is anticipated to witness a remarkable growth in the coming years owing to wide range applications in food processing, wine, fruit juice, agriculture and dairy. pH measured in food processing helps in meeting regulatory requirements, in producing products with consistent well-defined properties, to avoid causing health problems to consumers and to efficiently produce products at optimal cost. Continued accurate pH measurement assures reliable product quality.
North America contributed largely to the pH meters market in 2016 owing to increasing water borne illnesses and rising adoption in research and development institutions. Availability of advanced healthcare infrastructure, rising awareness regarding water diseases, favorable government initiatives, growing technological advancements, increasing wide range applications across various industries and rising R&D will escalate the region growth.
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Some of the key industry players are Beckman Coulter, Thermo Fisher Scientific, Hanna Instruments, Agilent Technologies, Horiba, PerkinElmer Inc, Mettler Toledo and Danaher Corporation. The strategic initiatives adopted by these companies are technologically advanced product launches, acquisitions, collaborations and geographical expansion. In February 2016, Mettler Toledo launched their new FiveEasy range of benchtop meters for pH and conductivity. This initiative will help the company in enhancing their product portfolio and in sustaining their market position.
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