Global PH Sensor Market- Overview
pH Sensor, a device, used to quantify acid/ alkali concentration in substances like water, soil, & chemical etc. is garnering extensive traction worldwide. Using pH Sensor is the most practical & cost-effective way to measure pH balance in the substances. Hence, it is extensively used in industries like Water management/ treatment, Agriculture, Chemical & their associated industries like food & beverages etc. The extensive demand from the burgeoning industries (water treatment, F&B & Chemical) defines the market growth of pH Sensor worldwide.
Acknowledging the recent proceedings, happening in the Market, the leading research firm, Market Research Future has published a meticulous study report giving out the complete market forecast up to 2023. In the study report, MRFR asserts that the Global pH Sensor Market will perceive an exponential growth, reaching to USD ~1802 million by 2023 at ~4% of a CAGR during 2017 to 2023.
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Increasing population, industrialization & urbanization worldwide, are prompting the water requirement more than ever. On the other hand, due to the anthropogenic issues like global warming, climatic changes etc. the water resources worldwide are rapidly depleting, demanding to protect the available resources with the utmost care. Government bodies worldwide, are too emphasizing upon harnessing the available reservoirs wisely by initiating water treatment plants. However, these water reservoirs need to be treated properly by eradicating the acidic or other biohazard substances from them before declaring them as safe drinking water.
Agriculture sector is also substantially contributing to the market growth. Owing to the growing population, the demand for food & eventually for yields is rising rapidly, further leading to increasing the uptake of pH Sensor to test & enhance the quality of Soil. Besides, the resurging industries like O&G, Chemical, and Mining coupled with the burgeoning industries such as F&B, Pharmaceutical & Textile, presage the growth prospects for the Ph Sensor Market. Also, growing number of research and testing labs across the world, are expected to provide impetus to the sales of pH sensor.
However, factors that restrict the uptake & ultimately the market growth of pH Sensor include, their cost & absence of standardization of these devices. Nevertheless, technological advancements are likely to present cost-competitive pH Sensor soon. This, in turn, will foster the market growth to an extent.
pH Sensor Market Segmentation
The global pH sensor market is segmented by type, component, measurement technology and application. Based on the component segment, the market is bifurcated into temperature sensing element, measuring electrode, sensor body and reference electrode. By type segment the market consists of Portable pH sensor, benchtop pH sensor and On-line pH sensor. By measurement technology segment, the market is bifurcated into amperometric detectors, ion-selective field effect transistors (ISFET). And by application segment, the market is bifurcated into industrial, agriculture, paper & pulp industry, metals and mining, food & beverage industry, healthcare.
Some of the prominent players in the global pH sensor market: Banpil Photonics Inc (U.S.), Texas Instruments (U.S.), Endress+Hauser (Switzerland), Infineon Technologies AG (Germany),Oceana Sensor Technologies Inc. (U.S.), In-Situ Inc. (U.K),Omega (Switzerland), Omron Corporation (Japan), Emerson Process Management (U.S.), Burkert and Power Systems Inc. (U.S.) and others.
Market Research Analysis
North America is one of the most competitive markets across the globe with various regional players and a few large international players in pH sensor market. Europe region is growing with a slow pace in pH sensor market. Emerging economies from countries such as Germany, U.K, France, Russia, Italy, Benelux and Spain is driving pH sensor market. Moreover, Asia Pacific is also expected to have potential growth in the forecast period due to increasing investment of major players in pH sensor market.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
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