pH Meters Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 716.90 Million |
| Market Size (2029) | USD 912.80 Million |
| CAGR (2024 - 2029) | 4.95 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
pH Meters Market Analysis
The PH Meters Market size is estimated at USD 716.90 million in 2024, and is expected to reach USD 912.80 million by 2029, growing at a CAGR of 4.95% during the forecast period (2024-2029).
The major factors driving the market are the increase in research and development activities and the growing technological advancements in pH meters.
pH meters help researchers and clinicians optimize the pH conditions for enzymatic reactions, aiding in diagnostic tests and research studies. pH meters play a role in pharmaceutical and biopharmaceutical research and development, helping scientists determine the optimal pH for drug formulations and stability. Hence, the growing research and development activities in pharmaceutical and biopharmaceutical industries are expected to drive the market during the forecast period.
The increasing funding for research and development activities drives the research activities in drug discovery where pH meters are used for various purposes such as preparation of drug formulation. For instance, the Indian Ministry of Science and Technology allocated a budget of INR 40 billion (USD 427.20 million) for the Department of Biotechnology (DBT) of India in the Union Budget for the year 2023-2024, an INR 11 billion (USD 1,131 million) budget has been allocated primarily for biotechnology research and development and industrial and entrepreneurship development in the country. Hence, such investments in research increase the utilization of pH meters, which ultimately drive the market during the forecast period.
Also, the increasing technological advancements in pH meters are expected to drive the market during the forecast period. For instance, according to an article published in Talanta Open Journal in August 2024, the technological advancements in glass electrodes and pH meters have enabled electrochemical methods to become more reliable, accurate, and convenient in various applications. The development of digital movie-based colorimetry enables continuous pH monitoring with high accuracy, precision, and reliability without the need for indicator change. Also, according to an article published in Nanomaterials in August 2022, nano-porous structures were utilized on the sensitive surface of ion-sensitive field-effect transistor (ISFET) devices to improve their sensitivity as pH meters. Hence, such advancements are expected to increase the adoption of pH meters and demand, ultimately driving the market during the forecast period.
Hence, the increasing research and development activities and rising technological advancements in pH meters are expected to drive the market during the forecast period. However, the high cost of pH meters is expected to restrain the market during the forecast period.
pH Meters Market Trends
The Benchtop pH Meter Segment is Expected to Hold the Significant Market Share During the Forecast Period
Benchtop pH meters cover various measurements, including pH, conductivity, ion, oxidation-reduction potential (ORP), and dissolved oxygen in a laboratory or near production setting. The rising technological advancements and increasing strategic activities, such as product launches, are expected to drive the market during the forecast period.
The growing technological advancements are also expected to drive the market during the forecast period. For instance, in November 2022, HORIBA Advanced Techno Co. Ltd, in collaboration with Mie University, launched an innovative device named a Gel-filled Self-Cleaning pH Electrode that uses antifungal technology. Hence, such technological advancements are expected to increase the demand for pH meters, ultimately driving the market during the forecast period.
The increasing strategic activities, such as product launches, are also expected to drive the market during the forecast period. For instance, in November 2022, Thermo Fisher Scientific, a provider of analytical instruments and life sciences solutions, launched Eutech 1700 Series Bench Meters. These instruments help accurately measure pH, conductivity, and dissolved oxygen. Hence, such product launches are expected to drive the market during the forecast period.
Hence, increasing technological advancement and strategic activities such as product launches are expected to drive the segment revenue during the forecast period.
North America is Expected to Hold the Significant Market Share During the Forecast Period
The pH meter market in North America is expected to witness a significant market share in the global market. This is due to the well-developed healthcare infrastructure, rising research and development activities, and increasing technological advancements in pH meters.
The pH meters play a crucial role in the drug discovery process. pH meters are essential for preparing buffers, reagents, and culture media with precise pH levels for various experiments and analyses in clinical laboratories. Hence, the increase in research and development activities in the country increases the demand for pH meters, ultimately driving the market during the forecast period.
The increasing investments in research and development activities boost the utilization of pH meters in various research projects, further driving the market. For instance, in the United States, the National Institute of Health (NIH) invested USD 8,078 million in 2023 compared to 7,635 million in 2022 for its research activities associated with cancer. Hence, such huge investments in research and development of cancer therapeutics increase the preparation of various cell lines in which pH meters are used. Thus, the high utilization of pH meters in research and development is expected to drive the market.
Also, the growing advancements in pH meters are expected to increase the demand for these devices and drive the market in the region. For instance, in January 2022, Metrohm USA launched a laboratory version of the 913 pH Meter. This portable pH meter has a built-in battery pack and two galvanically isolated pH measuring inputs. Hence, such technologically advanced products are expected to increase the demand for pH meters and drive the market during the forecast period.
Thus, the regional market is expected to witness significant growth during the forecast period due to the above-mentioned factors, such as the increasing research and development activities and growing advancements in pH meters.
pH Meters Industry Overview
The pH meters market is fragmented due to several companies operating globally and regionally. With the rising R&D investment in the pharmaceutical industry, more companies may enter the market, and the competition may increase. Some major companies are Danaher Corporation, Hanna Instruments, Thermo Fisher Scientific Corporation, PerkinElmer Inc., and Metrohm.
pH Meters Market Leaders
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Danaher Corporation
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Hanna Instruments
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Thermo Fisher Scientific Corporation
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PerkinElmer Inc.
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Metrohm
*Disclaimer: Major Players sorted in no particular order
pH Meters Market News
- November 2023: SUNTEX, a laboratory instrument provider, launched 2000 Series Benchtop pH Meter such as SP-2310 Benchtop pH/ORP Meter and SP-2510 Benchtop ION/pH/ORP Meter.
- January 2023: Metravi Instruments Pvt. Ltd, a laboratory instrument provider, launched the PH-700 Digital pH Meter. This compact and portable pH meter measures pH levels up to 14.00pH and temperatures up to 60°C with a replaceable glass electrode.
pH Meters Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definitions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Research and Development Activities
4.2.2 Growing Technological Advancements of pH Meters
4.3 Market Restraints
4.3.1 High Cost of pH Meters
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Product Type
5.1.1 Benchtop pH Meters
5.1.2 Portable pH Meters
5.1.3 Continuous pH Meters
5.2 By Application
5.2.1 Pharmaceuticals Industry
5.2.2 Biopharmaceutical Industry
5.2.3 Diagnostic Centers
5.2.4 Others Apllications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Danaher Corporation
6.1.2 Hanna Instruments
6.1.3 Thermo Fisher Scientific Corporation
6.1.4 PerkinElmer Inc.
6.1.5 Metrohm
6.1.6 Fann Instrument
6.1.7 Xylem
6.1.8 Bante Instruments
6.1.9 OMEGA
- *List Not Exhaustive
pH Meters Industry Segmentation
As per the scope of the report, a pH meter is an electric device used to measure hydrogen-ion activity (acidity or alkalinity) in solution. Fundamentally, a pH meter consists of a voltmeter attached to a pH-responsive electrode and a reference electrode. The pH market is segmented into product type, application, and geography. By product type, the market is segmented into benchtop pH meters, portable pH meters, and continuous pH meters. By application, the market is segmented into the pharmaceutical industry, biopharmaceutical industry, diagnostic centers, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). The report offers the value (in USD) for the above segments.
| By Product Type | |
| Benchtop pH Meters | |
| Portable pH Meters | |
| Continuous pH Meters |
| By Application | |
| Pharmaceuticals Industry | |
| Biopharmaceutical Industry | |
| Diagnostic Centers | |
| Others Apllications |
| Geography | ||||||||
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pH Meters Market Research FAQs
How big is the PH Meters Market?
The PH Meters Market size is expected to reach USD 716.90 million in 2024 and grow at a CAGR of 4.95% to reach USD 912.80 million by 2029.
What is the current PH Meters Market size?
In 2024, the PH Meters Market size is expected to reach USD 716.90 million.
Who are the key players in PH Meters Market?
Danaher Corporation, Hanna Instruments, Thermo Fisher Scientific Corporation, PerkinElmer Inc. and Metrohm are the major companies operating in the PH Meters Market.
Which is the fastest growing region in PH Meters Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in PH Meters Market?
In 2024, the North America accounts for the largest market share in PH Meters Market.
What years does this PH Meters Market cover, and what was the market size in 2023?
In 2023, the PH Meters Market size was estimated at USD 681.41 million. The report covers the PH Meters Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the PH Meters Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
pH Meters Industry Report
Statistics for the 2024 PH Meters market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. PH Meters analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
