Global Benchtop Density Meter Market, By Product Type (OpticalVibrating, Ultrasonic, Nuclear, Microwave), Implementation Type (Process, Lab), End User (Food and Beverage, Chemicals and Material Science, Education/Research, Electronics, Water and Wastewater, Healthcare/Life Science and Pharmaceutical, Power and Utilities, Others) – Industry Trends and Forecast to 2029.
Benchtop Density Meter Market Analysis and Size
Density metres are used to determine the density of a sample gas or liquid. They are used in a variety of industries, including petroleum, pharmaceutical, chemical, and food and beverage. The growing demand for density measurement in the water and wastewater management sectors around the world is expected to drive market growth. Furthermore growing industrialization in developing countries is expected to drive up demand for density metres. The process automation sector is also likely to benefit from the region's various opportunities.
Data Bridge Market Research analyses that the benchtop density meter market which was growing at a value of 2.33 billion in 2021 and is expected to reach the value of USD 3.60 billion by 2029, at a CAGR of 5.60% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Benchtop Density Meter Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Product Type (Optical, Vibrating, Ultrasonic, Nuclear, Microwave), Implementation Type (Process, Lab), End User (Food and Beverage, Chemicals and Material Science, Education/Research, Electronics, Water and Wastewater, Healthcare/Life Science and Pharmaceutical, Power and Utilities, Others), |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
ABB (Switzerland), Emerson Electric Co. (U.S.), Azbil Corporation (Japan), Baker Hughes Company (U.S.), Schneider Electric (France), Yokogawa Electric Corporation (Japan), Badger Meter, Inc. (U.S.), PARKER HANNIFIN CORP (U.S.), Sensirion AG (Switzerland), Siemens (Germany), SICK AG (Germany), Honeywell International Inc. (U.S.), KROHNE Messtechnik GmbH (U.K.), Equflow (Netherlands), Flow Meter Group (Netherlands), Landis+Gyr. (Switzerland), Endress+Hauser Management AG (Switzerland), THERMAL INSTRUMENTS CO. (U.S.), KEYENCE CORPORATION (Japan), ifm electronic gmbh (Germany), Sierra Instruments Inc (U.S.), TSI,McCrometer, Inc. (U.S.), Katronic Technologies Ltd. (U.K.), Max Machinery, Inc. (U.S.), and Seametrics (U.S.) among others |
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Opportunities |
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Market Definition
A density metre, also known as a densimeter or specific gravity metre, is an analytical instrument that measures the density of liquid samples quickly and automatically by oscillating a U-shaped hollow glass tube. The density measured can then be automatically converted into other units and concentrations for specific applications such as specific gravity, API, alcohol%, Brix, and many others. Density metres are used in a variety of industries, including the chemicals and petrochemicals, pharmaceutical, and food and beverage industries.
Global Benchtop Density Meter Market Dynamics
Drivers
- Increasing adoption from various industries
The benchtop density metre market is expanding as a result of increased research activities for oil and gas reservoirs, pharmaceutical industry expansion, and rising disease burden. Density metres like benchtop one are used to calculate the density of finished liquid hydrocarbon products like propane, gasoline, and natural gas liquid.
The market benefits from the growing use of density metres in the food and beverage and chemical industries. The imposition of safety regulations by the government to maintain the quality of ready-to-eat foods and soft drinks is expected to boost market growth. Density metres help to accurately measure alcoholic and non-alcoholic beverages. The Indian government recently allocated US$ 1.35 billion under MAKE IN INDIA to prioritise and encourage investment in the food and beverage sector.
- Rapid industrialization and favourable policies
Government initiatives in the water and wastewater treatment industries are a significant factor driving the region's benchtop density metre market growth. The Asia Pacific benchtop density metre market is growing as a result of increased industrialization. Density metres are widely used in water and wastewater treatment to measure turbidity, the concentration of neutralizers like milk of lime, and to monitor water concentration throughout the process. Asia Pacific has a high demand for density metres due to limited drinking water availability, an increase in industrial wastewater, and smart water management.
Opportunities
- Modernization and automation in industrial process
The presence of several strict regulatory compliances for ensuring safety is a critical factor driving market growth; additionally, high food quality and rising volume of industrial automation in various manufacturing and processing industry verticals, among others, are major factors driving the benchtop density metre market. Modernization and rising adoption of smart factories and industrial automation will create new opportunities for the benchtop density metre market during the forecast period.
Restraints
- High cost associated with these instruments
However, concerns about the increased cost of these instruments, as well as trade-offs between accuracy and cost of the density metre instrument, are among the major factors acting as restraints, and will further challenge the benchtop density metre market during the forecast period.
This benchtop density meter market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the benchtop density meter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on the Global Benchtop Density Meter Market
The COVID-19 outbreak is affecting the growth of various markets. There are numerous factors that contribute to losses. Production, supply chain, and labour shortages are critical issues. Due to the rapid spread of the virus, global trade is slowing. The countries have numerous restrictions. Many regions are experiencing shipment delays as a result of lockdowns. The density metre is an essential tool for measuring substances. During the forecast period, there is less demand for the product. During this time, the manufacturing process is also impacted. Raw material scarcity has an impact on market production. Demand and supply have been declining since 2020. However, the market is expected to improve beginning in 2021. The waste treatment industry is experiencing increased demand. Density metres are also becoming more popular in research markets. Density metres are in high demand in the healthcare sector at the moment. These markets' investments keep the market afloat. The Density Meter Market is expected to grow in the coming years.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures
Global Benchtop Density Meter Market Scope
The benchtop density meter market is segmented on the basis product type, implementation type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Implementation Type
- Process
- Lab
End user
- Food and Beverage Industry
- Chemicals and Material Science
- Education/Research
- Water and Waste Water Treatment
- Electronics
- Healthcare/Life Science
- Pharmaceutical
- Power and Utilities
- Others
Product type
- Optical
- Vibrating
- Ultrasonic
- Nuclear
- Microwave
Benchtop Density Meter Market Regional Analysis/Insights
The benchtop density meter market is analysed and market size insights and trends are provided by country, product type, implementation type and end user as referenced above.
The countries covered in the benchtop density meter market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America will dominate the benchtop density metre market. North America's market position is expected to be driven by a large number of end-users and suppliers.
Asia-pacific region is set to grow at the highest rate. Asia-growth Pacific's rate will be driven by rapidly expanding smart factories and manufacturing facilities in developing economies such as China and India.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Benchtop Density Meter Market Share Analysis
The benchtop density meter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to benchtop density meter market.
Some of the major players operating in the benchtop density meter market are:
- ABB (Switzerland)
- Emerson Electric Co. (U.S.)
- Azbil Corporation (Japan)
- Baker Hughes Company (U.S.)
- Schneider Electric (France)
- Yokogawa Electric Corporation (Japan)
- Badger Meter, Inc. (U.S.)
- PARKER HANNIFIN CORP (U.S.)
- Sensirion AG (Switzerland)
- Siemens (Germany)
- SICK AG (Germany)
- Honeywell International Inc (U.S.)
- KROHNE Messtechnik GmbH (U.K.)
- Equflow (Netherlands)
- Flow Meter Group (Netherlands)
- Landis+Gyr. (Switzerland)
- Endress+Hauser Management AG (Switzerland)
- THERMAL INSTRUMENTS CO. (U.S.)
- KEYENCE CORPORATION (Japan)
- ifm electronic gmbh (Germany)
- Sierra Instruments Inc. (U.S.)
- TSI,McCrometer, Inc. (U.S.)
- Katronic Technologies Ltd. (U.K.)
- Max Machinery, Inc. (U.S.)
- Seametrics (U.S.)
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