Acidimeter Market Overview
The global Acidimeter Market is forecasted to reach $2.3 Billion by 2026, growing at CAGR 6.9% during the forecast period 2021-2026. The increasing adoption of acidimeter or ph meter for acid base titration in industries such as Chemicals, Water & Wastewater, owing to government rules to control pollution, is set to be one of the major drivers for the growth of the market during the forecast period 2021-2026. Acidimeters or ph meters are generally used to detect, analyze and identify the quantity of acid in the water or the fluids such as buffer solution to maintain right acidic amount during acid base filtration as well as give a sterilizing effect. Additionally, Buffer solution is used for calibrating silver chloride based electrodes present in acidimeter. Moreover growing number of R & D centers for chemical experiment have increased the applicability of Acidimeter in Silver Chloride Electrodes and Microprocessors. Furthermore Acidimeter has auto calibration, automatic as well as manual temperature compensation. Such benefits are set to boost the adoption rate during the forecast period 2021-2026.
The report based on: “Acidimeter Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Acidimeter Market industry outlook.
- Water & waste water treatment is analyzed to grow with the highest CAGR of around 9.2% in the global Acidimeter Market during the forecast period 2021-2026, owing to prevent water borne diseases.
- Pharmaceutical Industry is analyzed to hold highest share at CAGR of 8.1% during the forecast period 2021-2026, owing to its adoption in process of producing drugs.
- North America dominated the Acidimeter Market in 2020 with a share in excess of 35.5%, owing to rise in adoption of acidimeter in chemical, oil & gas and pharmaceutical industries.
- Growing adoption of Acidimeter in Food & Beverage Industry is set to be one of the major factors analyzed to drive the market forward over the forecast period.
Global Acidimeter Market Value Share, By Geography, 2020 (%)
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Acidimeter Market Segment Analysis - By Applications
Based on applications segmentation, water & waste water treatment is analyzed to grow with the highest CAGR of around 9.2% in the global Acidimeter Market during the forecast period 2021-2026. To prevent water spread diseases such as diarrhea, cholera, typhoid and dysentery, waste water treatment plants, chemical plants and power plants are adopting acidimeter to monitor regularly ph levels of water released. Additionally, establishment of waste water treatment plants will create opportunities for the growth of the acidimeter market. In July2019, Suez, a French based utility company, awarded a contract of $161.4 Million by Delhi Jal Board, governing body for water management to set up and operate a wastewater treatment plant in New Delhi, India, thus influencing the demand for acidimeters.
Acidimeter Market Segment Analysis - By End-User Industry
Based on industry segmentation, Pharmaceutical industry is analyzed to grow with the highest CAGR of around 8.1% in the global Acidimeter Market during the forecast period 2021-2026. In the Pharmaceutical industry, specific levels of chemicals are used to produce for the development of drugs; resulting in adoption of acidimeter to measure the quantity of the chemicals. Additionally, acidimeter is also used for determining the acidity of the drugs, characteristics of chemical reaction, analyzing the purity of enzymes as well as for investigating the speed. Moreover, government investments in domestic manufacturing of drugs have accelerated the use of acidimeter in pharmaceutical industry. In July 2020, Government of India announced that it approved $940 Million Production Linked Incentive (PLI) Scheme for production of domestic manufacturing of Drug Intermediates (DIs) and Active Pharmaceutical Ingredients, thus increases the demand of acidimeter among the pharmaceutical companies. Such investments can further influence the market growth of acidimeter in the long run.
Acidimeter Market Segment Analysis - By Geography
North America held the highest Acidimeter Market share of around 35.5% in the global Acidimeter market in 2020, followed by APAC and Europe. The factors such as advancement in science & technology, high degree of industrial development and surge in use of acidimeter in chemical, oil & gas and pharmaceutical industries have been contributing to the market growth across the North America region in long run. As per IndustryARC recent studies, USA is a leading oil & gas producer as well as world’s largest producer of dry natural gas, thus creating demand for acidimeter. Moreover, USA has the world largest chemical manufacturing company with net chemical sales of USD 43 Billion in 2019, thus increasing the demand for acidimeter in this region. APAC region is anticipated to witness the highest growth during the forecast period 2021-2026. The factors that contribute the growth of the market in this region are rapid industrialization and government initiatives to control the pollution level. Moreover, the establishment of chemical plants will create opportunities for the growth of the acidimeter market. In January 2021, Ultramarine & pigments have successfully commissioned the Sulphonation plant setup in Nellore, Andhra Pradesh, India, to manufacture surfactants and specialty chemicals, thereby increasing the adoption of acidimeter to ensure safety. Furthermore, government investment in development of chemical industry will create opportunities for the growth of the market. In February 2021, The Government of India announced the Union Budget 2021-22, under which the government allocated US$ 32.2 million to the Department of Chemicals and Petrochemicals to launch a production linked incentive (PLI) scheme to boost domestic chemical manufacturing and exports. Such investments can further influence the market growth of acidimeter in the long run.
Acidimeter Market Drivers
Growing adoption of Acidimeter in Food & Beverage Industry
Increasing adoption of Acidimeter in Food & Beverage Industry is set to be one of the major factors analyzed to drive the market forward during the forecast period 2021-2026. In the Food and beverage industry, acidimeters are used to test Food qualities as well as consistency. Food and beverage industry involves processing of raw materials, packaging as well as distribution of fresh as well as packaged food along with alcoholic and non alcoholic beverage. Additionally, Food and beverage industry use acidimeter also for meeting regulatory requirements. It has been made mandatory by the regulatory bodies to show the levels of sodium, calcium, iron and others minerals content in the food item. Acidity in food is a key factor to determine the bitterness of food or beverage item, thus increases the adoption of acidimeter. Furthermore, government investment in Food and beverage industry to maintain food quality will create opportunities for the growth of the acidimeter market According to ibef org data, The Food Safety and Standards Authority of India (FSSAI) announced to invest around US$ 72.3 million to strengthen the food testing infrastructure in India, by upgrading 59 existing food testing laboratories and setting up 62 new mobile testing labs across the country, thereby increases the adoption of acidimeter. Such investments can further influence the market growth in the long run.
Growing adoption for environmental research and pollution control application
Increasing adoption of acidimeter for environmental research and pollution control application is set to one of the drivers for the growth of the market. Acidimeter is used to monitor water condition and indicate the level of pollution present in water. The determination of pH is an important water quality parameter to measure the acidity or basicity, thus helping to control water pollution. In May 2021, Hanna Instruments USA Inc announced new Multi-parameter pH Portable Meter with Bluetooth® and optical DO technology for testing up to 12 different water quality parameters for environmental testing, thus helps in controlling water pollution. Such launches can influence the market growth in the long run.
Acidimeter Market Challenges
Issues related to Acidimeter
Though Acidimeter has lot of benefits such as easy to use, calibration controls and portable but it is expensive which acts as a major factor that can hinder the growth of the Acidimeter Market. Furthermore, availability of advanced technology & efficient based new product is another factor that can hamper the market growth. The acidimeter requires daily cleaning to avoid contamination is the other factor that set to decelerate the market growth. Owing to the above mentioned factors, adoption of acidimeter will be significantly impacted, thus hampering its market growth.
Acidimeter Market Landscape
Partnership, Acquisitions, Collaboration, technology launches and R&D activities are key strategies adopted by players in the Acidimeter Market. The Acidimeter Market top 10 companies includes Beckman Coulter, Emerson Electric Co. (Rosemount Analytical), Thermo Fisher Scientific, Mettler Toledo, Agilent Technologies, Hanna Instruments Inc, Contech Instruments, PCE Instruments, Jenco Instruments Inc and Yantai Chemins Instrument Co Ltd.
- In April 2021, Thermo Fisher Scientific announced that it acquired PPD, Inc, a leading global provider of clinical research services to the Pharmaceutical and biotech industry to provide pharma and biotech customers with important clinical research services so that they work on scientific idea to approve medicine quickly, reliably and cost effectively.
- In February 2021, Hanna Instruments USA, Inc. (Hanna USA) announced a new partnership with GFS Chemicals (GFS) to provide its product such as ph meters to customers in the science industry and laboratory space.