United States pH Meter Market to Grow at 3% through 2020
High penetration of pH meters coupled with anemic growth of end-use industries to result in continuance of muted growth of US pH meter market
pH meters are used for analyzing pH value of fluids, which is required to assess the quality of water and fluids being used during the production processes. United States has a widespread market for pH meters due to their high prevalence in water treatment plants, pharmaceuticals industries, power industries, oil and gas sector, mining sector and food & beverages industries. According to recently published TechSci Research report “United States pH Meter Market Forecast and Opportunities, 2020”, the United States pH meter market is forecast to grow at a CAGR of around 3% during 2015-20. The market is broadly classified into three types of pH meter i.e. Benchtop pH meter, Portable pH meter and On-line pH meter. Leading pH meter companies operating in the US include Hach Company, Hanna Instruments, Mettler Toledo, Rosemount analytical, Thermo Fisher, etc.
The pH meter market is strong driven by increasing government regulations on water intensive industries. United States Environment Protection Agency (EPA) is imposing more stringent regulations on water treatment plants in order to decrease the pollutants pervading the water and environment. Apart from this, the devastating effect of acidic or basic water on high cost pipelines and equipment such as boilers, condensers, etc. in power, chemical and oil & gas industries is further boosting the use of pH meters. Other areas generating high demand for pH meters arefood & beverages and pharmaceuticals industries as these employ pH meterfor monitoring their production processesand avoiding any deviation from the standard procedure. Mushrooming research and testing labs across the countryare also propelling the pH meter sales.
“In United States pH meter market, the bench top pH meter accounts for the major share due to their huge demand in industrial research, testing labs and research institutes. Benchtop pH meter segment is forecast to maintain its dominance in the country’s pH meter market, however, its market share is anticipated to decline owing to the growing adoption of multi-parameter analysis instruments. Moreover, owing to increasing concerns regarding the significance of continuous pH value monitoring in industrial processes, the demand for online pH meter is projected to witness fastest growth rate over the next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States pH Meter Market Forecast and Opportunities, 2020” has analyzed the potential of pH meter market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the pH meter market in the US.