A study by Triton Market Research with the title ‘Global pH Sensors & Analyzers Market,’ covers the Global Analysis and Forecast for 2019-2028 by pH/ORP Analyzers (Benchtop Analyzers, Portable Analyzers, Process Analyzers), by Verticals (Water & Wastewater, Medical, Oil & Gas, Food & Beverages, Industrial, Other Verticals), and by Geographical Region (Middle East and Africa, Latin America, Europe, North America, Asia-Pacific).
pH sensors & analyzers are an important tool used in water treatment. They are used to measure the alkalinity and acidity of water or any other solution.
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As per the report on the global pH sensors & analyzers market, the industry will generate $1939.5 million by the year 2028, showcasing a CAGR of 8.15% over the projected period between 2019 and 2028.
The growing water and wastewater treatment is one of the major drivers of the growth of the global pH sensors & analyzers market. There is an alarming increase in water consumption across the globe due to the rising population rate, climatic change, agriculture intensification and the use of water by different industries like chemicals, food, refined petroleum and paper. This has given rise to the development of water and wastewater treatments. Besides, major vendors in the market are engaged in strategic initiatives like collaboration to improve their operations. This is paving the way for the growth of the global market. However, cost constraints encountered for installation, designing and fabrication of the systems are likely to hinder the pH sensors & analyzers market growth.
The pH sensors & analyzers market is primarily segmented into two parts as pH/ORP and verticals. The first segment, pH/ORP, includes benchtop analyzers, portable analyzers and process analyzers. The second segment, verticals, bifurcates into water & wastewater, medical, oil & gas, food & beverages, industrial and other verticals.
According to the regional landscape, Asia-Pacific is predicted to be the fastest-growing region for the pH sensors & analyzers market in the forecasting years. There is an increase in the adoption of smart water techniques in APAC, which is the key factor driving the growth of the pH sensors & analyzers market. Rapid urbanization and industrial development have led to an upsurge in water consumption in this area. Hence, countries like South Korea have adopted a combination of smart water meters and ICT (Information & Communication Technology) for efficient water management. Various initiatives have been implemented in this country for the development of smart water management techniques. Due to this, pH sensors & analyzers will have increased applications in these systems, thereby aiding the regional market growth.
The key companies in the pH sensors & analyzers market are Mettler Toledo, Thermo Fisher Scientific Inc, Sea-Bird Scientific,PreSens, Emerson Electric Co, Hach, Precision Sensing GmbH, Honeywell International Inc, Schneider Electric (Foxboro), Xylem and GF Piping Systems.
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Question & Answer: pH Sensors & Analyzers Market
Question 1: What are the major drivers the growth of the global pH sensors & analyzers market?
Answer: The growing water and wastewater treatment is one of the major drivers of the growth of the global pH sensors & analyzers market. There is an alarming increase in water consumption across the globe due to the rising population rate, climatic change, agriculture intensification and the use of water by different industries like chemicals, food, refined petroleum and paper. This has given rise to the development of water and wastewater treatments. Besides, major vendors in the market are engaged in strategic initiatives like collaboration to improve their operations. This is paving the way for the growth of the global market.
Question 2: Which factors are likely to hinder pH sensors & analyzers market growth?
Answer: Cost constraints encountered for installation, designing and fabrication of the systems are likely to hinder the pH sensors & analyzers market growth.
Question 3: How is Asia-Pacific influencing the global pH sensors & analyzers market outlook?
Answer: According to the regional landscape, Asia-Pacific is predicted to be the fastest-growing region for the pH sensors & analyzers market in the forecasting years. There is an increase in the adoption of smart water techniques in APAC, which is the key factor driving the growth of the pH sensors & analyzers market. Rapid urbanization and industrial development have led to an upsurge in water consumption in this area. Hence, countries like South Korea have adopted a combination of smart water meters and ICT (Information & Communication Technology) for efficient water management. Various initiatives have been implemented in this country for the development of smart water management techniques. Due to this, pH sensors & analyzers will have increased applications in these systems, thereby aiding the regional market growth.
Question 4: Which are the key companies in the pH sensors & analyzers market?
Answer: The key companies in the pH sensors & analyzers market are Mettler Toledo, Thermo Fisher Scientific Inc, Sea-Bird Scientific,PreSens, Emerson Electric Co, Hach, Precision Sensing GmbH, Honeywell International Inc, Schneider Electric (Foxboro), Xylem and GF Piping Systems.
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Global Smart Water Meter Market
The Global Smart Water Meter Market is anticipated to generate $8130 million by the year 2027, upsurging at a CAGR of 7.59% during the forecasting period 2019-2027.
Smart water meters can accurately bill the customers periodically for the quantity of water used by them. As they enable remote reading, shorter intervals are required between billing reads, resulting in a continuous flow in capital. Hence, there is an increase in the upgradation to smart water meters across the globe for improved efficiency. The adoption of smart meters will also help in cutting labor costs. Besides, it helps in identifying and controlling leakages in pipelines. The increasing public awareness regarding these benefits is pushing the demand for smart water meters market.
The increasing smart city projects throughout the world are contributing to the global market growth. A smart city includes smart buildings, smart energy, smart mobility and smart infrastructure. Smart energy will include smart meters and smart grids. The growing investments towards the development of smart projects are fueling the growth of the smart water meters market.
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