pH Meters Market size expected to grow at around 5% CAGR from 2016 to 2023

pH Meters Market size was estimated at over USD 1.3 billion in 2015 and is expected to grow at around 5% CAGR from 2016 to 2023. High demand for these devices in agriculture, food and beverages, water treatment plants, fertilizers, pharmaceuticals, oil and gas sector, power industries and mining sector is among the leading factors expected to drive growth. Rising health concern and growing water purity awareness levels among people are also major demand drivers. 

Benchtop pH meters market accounted for over 50% of the overall revenue in 2015. They are automateddevices used to measure the alkalinity and acidity of liquid and semi-solid samples inseveral industries with uses in potable water, food and beverages, waste water, pharmaceutical and chemicaltesting. 

pH meters are needed to detect water alkalinity and to verify its purity. They are mostly used at water purification plants to check water purity level and determine whether it is potable or not. Water contamination rates and water borne diseases have impelled people to use these devicesin the household. pH meters market is likely to witness growth in future due to increasing concerns of people about personal health.

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Harmful effects of acidic or basic water on expensive pipelines and equipment such as condensers, boilers, etc. in chemical, power, and oil & gas industries has spurred adoption. High demand in food and beverages and pharmaceuticals industries is also a major growth driver, with usage in monitoring production processes and avoiding any deviation from the standard procedure. 

In 2015, the food science industry held the majority of the pH meters market share with over 40% revenue contribution. Large application area in industries such as wine, fruit juice and food processing, agriculture, dairy and others is a high impact rendering driver in this sector.

Along with benchtop, other product segments include portable and on-line equipment. Portable devices are simple but specialized to measure pH in a very precise manner. They are easy to carry and operate with reliable performance up to long hours. Online or inline meters are widely suitable for power plants, water treatment plants, medicine manufacturing units and laboratory purpose. They are suited for use in harsh environments with speed and more reliability. 

On the basis of end-use, the industry is divided into pharmaceutical and biotechnology companies, food and beverage, environmental testing, and government and academic institutions. With increasing regulations regarding food safety, the food and beverage industry is the largest end user.

U.S. pH meters market share was significant, due to high prevalence across various application areas, as well as government guidelines on water intensive industries. The EPA has imposed stringent regulations on water treatment plants in order to reduce pollutants. Benchtop products dominated the regional industry, on account of high demand in industrial research, laboratories and research institutes. They are estimated to lose share in the coming years due to rising adoption of multi-parameter analysis instruments. Increasing concerns regarding the significance of continuous pH value monitoring in industrial processes will drive online meter demand. 

Asia Pacific pH meters market is estimated to grow at approximately 5% CAGR over the forecast timeframe. Increasing awareness about novel devices with technologically advanced sensors and applications of such measuring devices among agricultural scientists, industrial researchers, and experts are some factors enabling growth. 

Europe was the highest revenue generating region with over 30% of the global pH meters market share in 2015. Factors responsible for considerable revenue comprise the presence of industrial infrastructure and sophisticated advanced healthcare, high level of R&D activities, high degree of health concerns and awareness relating to waterborne diseases. 

Major companies operating in the U.S. include Hanna Instruments, Hach Company, Mettler Toledo, Thermo Fisher, Rosemount Analytical, etc. Other key players are Qingdao Tlead International, PerkinElmer, Agilent Technologies, Zhangzhou Eastern Intelligent Meter, Hangzhou Lohand Biotechnology, Tecpel, Suzhou Unigreen Electronic Technology, Shenzhen Huge Creation Technology, Shanghai Selon Scientific Instrument, Yantai Chemins Instrument, Contech Instruments, Horiba and Swastik Scientific Company.