Overview:
The global density meter market is expected to surpass USD 1,178 million mark by 2024, with 5.1% CAGR during the forecast period of 2019 to 2024. Market Research Future (MRFR) studied various factors that are impacting the outcome of the global market. These factors are the rising inclusion of the system in various research projects, its ability to measure the emission level in various liquid and gas to ensure that the end product adheres to the stringent regulations, increased use of digitized tools to minimize the chance of error, and others. Gravimetric density meters are also witnessing strong demand, which could bolster the market.
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Segmentation:
The global density meter market, as studied by MRFR analysts, has been segmented based on type and application. This segmentation provides an opportunity to get close to dynamics that can impact the market in significant ways.
By type, the report on the density meter market reveals a study of segments like modules, benchtop, and portable. The portable segment is expected to do better as end users are finding it increasingly useful.
By industry, the study on the density meter market includes segments like chemicals & material science, food & beverage industry, power & utilities, electronics, healthcare/life science & pharmaceutical, education/research, and others. The healthcare/life science & pharmaceutical segment is creating a high demand for density meter to support the growing number of research works.
Regional Analysis:
Regions like North America and Europe are going to support the growth of the market in notable ways as they include latest technologies quite easily. Also, these regions are known for funding various research works that can give rise to the intake of density meters.
Competitive Landscape:
Mettler Toledo (US), Anton Paar GmbH (Austria), Agilent Technologies Inc (US), VWR International LLC (US), A.KRÜSS Optronic GmbH (Germany), Schmidt + Haensch GmbH & Co (Germany), Emerson Electric Co (US), Thermo Fisher Scientific (US), Koehler Instrument Company Inc. (US), Ametek Inc. (US), Rhosonics Analytical B.V. (Netherlands), TA Instruments Inc (US), Integrated Sensing Systems (US), Berthold Technologies GmbH & Co. KG (Germany), Ultimo Measurement (US), Toshiba Infrastructure Systems & Solutions Corporation (Japan), Red Meters (US), Storage Battery Systems LLC (US), Eagle Eye Power Solutions LLC (US), Campbell/Harris Security Equipment Company (US), CSC Scientific Company Inc. (US), Laxco Incorporated (US), Sas R&D Services Inc. (US), Meidensha Corporation (Japan), GPS Instrumentation Ltd (UK), Markland Specialty Engineering Ltd (Canada), Yokogawa Electric Corporation (Japan), Biochrom Ltd (UK), Kyoto Electronics Manufacturing Co Ltd (Japan), and others are putting in significant efforts to influence the global density meter market.
Industry News:
In April 2020, METTLER TOLEDO launched the new Density2Go portable density meter to ensure quick testing and fast results. Among its other benefits, the device is easy to carry and it can be easily taken to the field or the lab. Digital density measurement is emerging as a perfect alternative for manual methods like pycnometers and hydrometers. It helps in securing the smooth operation and prevents any error made by the operator. This device can also be used for applications like Brix and percentage alcohol.
This device is set to become quite popular in the measurement of specific gravity (SG) or density (d) that are needed at battery production departments where it gets substantial backing for quality control. Density measurement can easily detect situations concerning cell damage or battery failure. Such advantages are expected to boost the global market for density meter.
During the COVID-19 crisis, several end users struggled with the continuation of their production and operation, which might trouble the outcome in the coming months.
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