September 03, 2021
According to the research report titled ‘Global pH Sensors & Analyzers Market 2019-2028’, available with Market Study Report, global pH sensors & analyzers market is touted to register 8.15% CAGR between 2019 and 2028.
As per the report findings, increasing government regulations on water-intensive sectors, as well as rising adoption of automation technologies are the primary factors driving global pH sensors & analyzers market growth.
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Rapid development of water and wastewater treatment infrastructure triggered by growing awareness, intensifying agricultural activities, and deteriorating climatic conditions are also stimulating revenue inflow in the industry. Additionally, flourishing oil & gas sector is likely to create lucrative prospects for businesses operating in this domain.
Elaborating on restraints, huge initial costs incurred for installation, fabrication & designing, coupled with lack of established operational standards are expected to hamper industry expansion in the forthcoming years.
Based on vertical type, global pH sensors & analyzers market is fragmented into oil & gas, water & wastewater, food & beverages, medical, industrial, and others. By pH/ ORP analyzers terrain, the business space is split into benchtop, portable, and process variants.
The geographical scope of the industry encompasses North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. Of these, Asia-Pacific industry is poised to garner a healthy growth rate over the analysis timeframe, owing to factors such as growing public awareness about technological advancements, and presence of rapidly developing economies throughout the region.
Furthermore, booming biotechnology & pharmaceutical sectors, growing government funding initiatives, and increasing focus on nanotechnology in countries like India are further propelling regional market remuneration.
Major contenders in global pH sensors & analyzers industry sphere are Yokogawa Electric Corp., Xylem Inc., Thermo Fisher Scientific Inc., Sea-Bird Scientific (Danaher Corp.), Schneider Electric SE (Foxboro), PreSens Precision Sensing GmbH, Mettler-Toledo International Inc., Kobold Messring GmbH, Honeywell International Inc., Halma plc (Sensorex), Hach Co., Georg Fischer Ltd., Endress+Hauser AG, Emerson Electric Co., and ABB Ltd.