Density Meter Market Research Report by Type, by Industry (Food & Beverage Industry, Chemicals & Material Science, Education/Research, Electronics, Healthcare/Life Science & Pharmaceutical, Power) and by Region Forecast till 2024
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Market Scope
The high degree of accuracy offered by density meter is popularizing it across different industries, which is likely to gain momentum for the global density meter market, reveals Market Research Future (MRFR). MRFR mentions in the report that the global density meter market is expected to expand with a CAGR of 5.1% during the forecast period (2018-2024). MRFR states that the market is poised to scale to USD 1,178.0 million from USD 886.0 million by 2024.
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Market Insights
The growing popularity of density meter as analytical tool in research and developmental activities is expected to boost the global density meter market growth. The healthcare sector is a prominent end-user of density meter. Density meter is gaining popularity in the pharmaceutical industry due to the surge in the investigation of therapeutic properties of new drugs. This is likely to spur the growth of the global density meter market. In the chemical industry, density meter is used in the quality and quantitative assessment of chemicals. A plethora of applications of chemicals is anticipated to promote the growth of the density meter market. The feasibility of using density meter in hazardous environment is a crucial factor that is likely to contribute to the fast-paced expansion of the market.
Key Players
Anton Paar GmbH (Austria), Mettler Toledo (US), Agilent Technologies Inc (US), VWR International LLC (US), Thermo Fisher Scientific (US), Emerson Electric Co (US), Rhosonics Analytical B.V. (Netherlands), Ametek Inc. (US), Berthold Technologies GmbH & Co. KG (Germany), Ultimo Measurement (US), Red Meters (US), A.KRÜSS Optronic GmbH (Germany), Toshiba Infrastructure Systems & Solutions Corporation (Japan), Koehler Instrument Company Inc. (US), Schmidt + Haensch GmbH & Co (Germany), Eagle Eye Power Solutions LLC (US), Integrated Sensing Systems (US), Storage Battery Systems LLC (US), TA Instruments Inc (US), CSC Scientific Company Inc. (US), Meidensha Corporation (Japan), Campbell/Harris Security Equipment Company (US), Sas R&D Services Inc. (US), Markland Specialty Engineering Ltd (Canada), Kyoto Electronics Manufacturing Co Ltd (Japan), GPS Instrumentation Ltd (UK), Yokogawa Electric Corporation (Japan), Biochrom Ltd (UK), and Laxco Incorporated (US).
Segmental Overview
The density meter market study has been segmented on the basis of type and application.
Based on the type, the global density meter market has been segmented into modules, benchtop, and portable.
Based on the industry, the density meter market has been segmented into chemicals & material science, food & beverage industry, education/research, healthcare/life science & pharmaceutical, power & utilities, electronics, and others.
Regional Outlook
Regionally, the density meter market has been analyzed across North America, Asia-Pacific, Europe, and the Rest of the World (RoW).
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North America is anticipated to lead in the global density meter market. MRFR states that North American density meter market is set to attain the highest share of the global market by the end of the evaluation period. The chemical and healthcare sectors are high end-users of density meters. The presence of renowned chemical and pharmaceutical companies is likely to surge the regional density meter market. In Europe, strict environmental regulations for controlling pollutions is hiking the sales volume of density meters, which, in turn, is expected to generate high revenue for the regional market in the near future. Moreover, investors are working towards the launch of better versions of density meters, which is expected to promote the growth of the European market.
In the Asia Pacific region, as the concept of smart cities shapes into reality, rate of adoption of density meter surges. The growing demand for smart factories is expected to promote the density meter market growth. Density meter plays a significant role in measuring the pollution index. The growing environmental concern and strict governmental norms for pollution control are factors that can drive the APAC density meter market growth.
Industry News
June 2019
Damen, a provider of ship repairing solutions, launched a new range of non-radioactive density meters.
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