Market Leader - Density Meter Market
Density/consistency/concentration meters are analytical measuring instruments used to determine the density of liquids or gasses. They are used in oil & gas, chemicals, healthcare, food and beverages, pulp and paper, metals and mining, cosmetics, textile, water and wastewater treatment, and semiconductor industries. The density meter market has been classified on the basis of implementation type, type, industry, and geography. The density meter market is expected to be valued at USD 1,041.2 Million by 2023, at a CAGR of 4.02% between 2018 and 2023. The process density meter is expected to be the fastest growing implementation type during 2018–2023. Ultrasonic density/concentration meters are widely used in water and wastewater treatment, metals and mining, chemicals, and pulp and paper industries. Oil & gas downstream segment and stringent regulations with regard to food quality and food safety are some of the key factors driving the market growth.
The market for process application is expected to grow at a higher CAGR owing to the preferred inline process measurement. Density meters are installed in industries to monitor the density or concentration of products in liquid and gaseous forms. Vibrating density meters, nuclear density meters, and ultrasonic density meters are widely used in the process application. These density meters for process application are used for measuring the density of liquid and gaseous products
The fastest-growing density meter type is ultrasonic density/concentration meter. Ultrasonic density/concentration meters are widely used in water and wastewater treatment, metals and mining, chemicals, and pulp and paper industries.
The water and wastewater industry held the largest share of the density meter market. Stringent norms regarding the discharge of wastewater, especially for industrial wastewater, limited availability of drinkable water, and popularity of smart water management are expected to further fuel the demand for density meters. Suspended solid/sludge density analyzers, ultrasonic concentration meters, and microwave density meters are primarily used in the water and wastewater industry.
The density meter market in APAC is expected to grow at the highest CAGR during the forecast period. Water and wastewater treatment, food & beverages, and chemicals industries in APAC are expected to drive the growth of the market in this region.
Density Meter Market by Implementation Type (Process, Lab), Type (Vibrating, Nuclear, Ultrasonic, Microwave, Optical), Industry (Chemicals, Food & Beverages, Oil & Gas, Metals & Mining, Water & Wastewater), and Region - Global Forecast to 2023
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