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Personalized Medicine (PM) Market Worth About USD 2452.50 billion By 2024

The global personalized medicine market is expected to cross USD 2452.50 billion by 2022 with a rise in CAGR of 11.8%. Personalized medicine is a branch of medical science encompassing the unique attributes of patients, particularly the genetic design, previous treatment history, behavioural attributes and environmental factors. It enables therapeutic and preventions for emphasizing the most beneficial treatment with low side effects.

To cope up with biopharmaceutical research & development, companies such as Pfizer have introduced “precision medicine”, which is capable of delivering treatments based on disease mechanism and the capacity to target and develop therapies for patients.

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Personalized medicine market is driven by rise in reimbursement support & regulatory framework coupled with increase in R&D activities for next generation sequencing for genetic mapping of patients by clinicians and medical practitioners. Rise in healthcare expenditures stimulates the need for effective diagnostics for cancer and increase in prevalence of chronic ailments coupled with use of biomarkers for therapeutics is expected to bolster the market growth during the forecast period. Product segmentation for personalized medicine (PM) market includes PM diagnostics, PM therapeutics, personalized nutrition & wellness and personalized medical care.

Geographical segmentation for personalized medicine industry comprises North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America dominates the global market due to rise in government funding, healthcare enhancements and technological innovations. In addition, awareness about genetic diagnostics, genome sequencing and therapeutics is likely to contribute to the market growth in the forecast period.

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Asia-Pacific regions are likely to grow in the estimated period due to rise in technical advances, unmet medical needs and a mass awareness throughout the industry for infectious disease, psychiatry and CNS disorders. The key players in the personalized medicine market include Quest Diagnostics, 3G Biotech, Laboratory Corporation of America, Abbott, Asuragen Inc, Becton Dickinson & Co, CardioDX Inc.

Market Segment:

Global Personalized Medicine Product Outlook (Revenue, USD Billion, 2012 – 2022)
• PM Diagnostics
      • Genetic Testing
      • Direct-to-consumer Diagnostics
      • Esoteric Lab Services
      • Esoteric Lab Tests
  • PM Therapeutics
      • Pharmaceutical
      • Genomic Medicine
      • Medical Devices
  • Personalized Medical Care
      • Telemedicine
      • Healthcare Information Technology
      • Diseases Management
  • Personalized Nutrition & Wellness
      • Retail Nutrition
      • Complementary Medicine
      • Alternative Medicine

Patient Portal Market Will Generate About USD 5.2 billion By 2024

Global Patients Portal Market is anticipated to reach USD 5.2 billion by 2024. A patient portal implies an online website that helps in maintaining all data of patients. Medical practitioners, patients, and pharmacists have access to this portal at any place and time. The factors that propel the growth of the market include surge in demand owing to ease in usage, developments in technology; which benefits the key market players in advancement their offerings, positive government funding procedures, and increasing demand for electronic health record (EHR).

On the other hand, there are factors that may hamper the growth of the market including Data security and privacy concerns and high cost of deployment and implementation. Patients Portal Market is anticipated to grow at a significant CAGR of 17.94% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Patients Portal industry may be explored by type, delivery mode, end users, and geography. The market may be explored by type as Integrated Patient Portals, and Standalone Patient Portals. The “Integrated Patient Portals” segment led the Patients Portal Market in 2015 and is anticipated to maintain its dominance by 2024 owing to they offer a one-stop solution, and favored, cheaper, and hence high in demand. The market may be analyzed by delivery mode as Cloud-Based Delivery, and Web-Based Delivery. The “Web-Based Delivery” segment led the Patients Portal industry in 2015 and is anticipated to maintain its dominance by 2024.

The market could be explored based on end users as Pharmacies, Providers, Payers and Others may include Government Bodies, and Employer Groups. The “Providers” segment led the Patients Portal industry in 2015 and is anticipated to maintain its dominance by 2024 owing to governments’ initiatives to upgrade the care delivered to patients and curtail the soaring cost of healthcare among providers, increasing mandates for motivation programs for providers, and the rising necessity to improve the accessibility and affordability of healthcare facilities.

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North America accounted for the major share of the Patients Portal Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes centralized orders in the U.S., increasing number of responsible care administrations in the U.S., increasing aged populace in the U.S., and digital health procedures in Canada. North America is followed by the Europe and Asia-Pacific region.

Some of the key players that fuel the growth of the Patients Portal industry comprise Cerner Corporation, Allscripts Healthcare Solutions, Epic System Corporation company, GE Healthcare, Med fusion, CureMD, and McKesson Corporation. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Solid Oxide Fuel Cell (SOFC) Market Attain Height of USD 1.42 billion Worldwide

The global solid oxide fuel cells (SOFC) market size is anticipated to value at USD 1.42 billion by 2025, during the forecast period. The market is subject to witness a substantial growth due to growing emphasis on finding an alternative energy sources and increasing awareness about benefits of the solid oxide fuel cells (SOFC). Rise in preference towards solid oxide fuel cells (SOFC) is mainly due to their capability of generating electricity with the help of different set of fuels including hydrogen, natural gas, and biogas. Solid oxide fuel cells (SOFC) has become vital as a back-up power unit due to numerous advantages over conventional systems, thus driving growth of the solid oxide fuel cells (SOFC) industry over the forecast period.

Critical factors such as increase in energy crisis faced by regional governments majorly in developing and underdeveloped regions is creating the need for sustainable energy. Furthermore, the rise in capital funding by private players as well as governmental agencies are substantially contributing to the progress of the industry in recent years. The commercialization in energy sector is one of the key drivers responsible of the exponential rise in the market value for the solid oxide fuel cells (SOFC). Globally, the solid oxide fuel cell market is predicted to grow at CAGR of 30% in forecast period, providing numerous opportunity for market players to invest for research and development in the market.

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Growing concerns regarding carbon emissions and rising pressure on the developed economies to limit greenhouse gas emission are fueling expansion of the solid oxide fuel cell (SOFC) industry in recent years. Other factors responsible for sustained growth of the market are increasing focus on energy security and higher efficiency associated with the adoption of solid oxide fuel cells (SOFC). Overall efficiency of solid oxide fuel cells (SOFC) varies from fifty to sixty percent, which is significantly higher in comparison with its counterparts. Though, higher cost associated with production of the solid oxide fuel cells (SOFC) and installation are negatively impacting growth of the market.

High initial cost is directly associated with the compression and storage of hydrogen gas. Additionally, compression of hydrogen gas requires costly compressors, which in turn restrains growth of the solid oxide fuel cell (SOFC) market. Yet, with recent technological advancement and concrete steps taken by key players and the policy makers coupled with adoption of latest industry trends are expected to drive growth of the market in upcoming years.

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A solid oxide fuel cell (SOFC) is termed as an electrochemical system that is responsible for generating electricity by oxidization of a fuel cell. Fuel cells are differentiated based on electrolyte element. Commonly, a solid oxide fuel cell (SOFC) uses a metal oxide or ceramic as an electrolyte. Benefits of solid oxide fuel cells (SOFC) involves higher efficiency, better stability, flexibility, lower carbon emission and lower maintenance cost.

The solid oxide fuel cells industry is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America and Europe have shown major growth in recent years owing to the rise implementation of latest technologies and existence of prominent industry players in the region.

Asia-Pacific region is predicted to hold major market share in the solid oxide fuel cells market with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with increasing applications of solid oxide fuel cells (SOFC) in the stationary segment, growing adoption in the automotive, commercial and residential sectors, and increasing investment by market players considering potential opportunities in the region. The key players in the solid oxide fuel cells (SOFC) industry are Mitsubishi Heavy Industries, Ltd., Ceres Power Holdings plc, Bloom Energy, Aisin Seiki Co., Ltd., Ensol Systems Inc. and Sunfire GmbH.

Skin Care Products Market Set Close To USD 177.15 billion From 2024

Global Skin Care Products Market size is expected to reach USD 177.15 billion by 2024. Skin care products, as the name suggests, prevents early aging, pimples & black patches, and enhances beauty. The growing demand for natural skin care products, coupled with the increasing emphasis on personal health, is the main factor driving the growth of the market in the years to come. Governments’ stringent regulations promoting the use of organic materials in the skin care industry are expected to boost the market growth in the next couple of years. The market size is anticipated to grow at a CAGR of 4.7% in the upcoming period.

In the market, various skin care products are available such as face cream and body lotion. The “face cream” segment includes skin brightening cream, sun protection cream, anti-aging cream, and others. The “face cream” segment held largest market share in 2015 and is expected to grow at a high CAGR in the upcoming period. The increasing importance of natural ingredients for improving skin quality, avoiding dryness, and hydrating the skin is expected to boost the market growth over the forecast period. The “body lotion” segment includes premium body care lotion, mass body care lotion, and others.

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The other factors that play an important role in the growth of skin care products market include increasing urbanization & industrialization, changing lifestyle in developing countries, rising awareness about advantages of advanced skin care products, and high investments in emerging countries. Moreover, the growing demand for sunscreens, body lotions, and organic face creams among consumers is likely to propel the market growth during the forecast period.

However, limited shelf life of skin care products, presence of pseudo-natural ingredients in these products, and high cost of organic & natural ingredients used in these products are negatively impacting the growth of skin care products industry.
The probable stakeholders for market include skin care product manufacturers, raw material suppliers, distribution channels, and end-use industries. The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate and others. The market is categorized based on product, and geography.

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Asia Pacific held the largest market share in 2015 and is expected to witness the highest growth rate in the forthcoming years due to increasing demand for skin care products from developing countries such as India and China. On the other hand, North America and Europe are expected to hold the highest market share in the next couple of years. Increasing R&D investments coupled with associated technological innovations in processing and cost-effective production of skin products are expected to increase the product demand during the forecast period.

The key players contributing to the robust development of the skin care products market include L’Oréal S.A., The Estee Lauder Companies Inc., Unilever PLC, Beiseidorf AG, Avon Products Inc., Colgate Palmolive, Kao Corporation, Estee Lauder, Colgate-Palmolive Company, Johnson & Johnson, Beiersdorf and Avon Product Inc. These market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

Silicone Coating Market Will Reach Height of USD 6.81 billion By 2024

The global Silicone Coating Market is projected to reach USD 6.81 billion by 2025, owing to the extensive application of silicone coating in construction and automotive industry. Silicone is a strong liquid applied coating material used for repair and restore of huge variety of applications. Since the basic bond energies of SI-C and SI-O are high, the chemical process is normally attributed with aging of coated surfaces are mostly slower in moist conditions for silicone coating. Resins and polymers are different types of silicone used in creating silicone coatings.

The silicone coatings are basically used for paints and coatings to improve durability and quality of applied paints for better performance. The growing acceptability of silicone coatings in the construction and automotive industries is expected to upsurge the silicone coating market with a CAGR of 5.9% in coming years.

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Silicone coatings are extensively used as primers, industrial maintenance, marine, hygienic architectural, anti-fouling, automotive clear coatings and biocidal abrasion-resistant. The silicone coating market is driven by the rising demand for electronic products in developing economies. The second largest application for silicone coating is the construction sector, where the silicone is used for concrete, tiles, wood & wood panel, mortar and perlite.

Thermal stability, low toxicity, low chemical reactivity, and low thermal conductivity is extremely useful since they improve strength, durability, and stability of the product. Tyre manufacturers in the industrial operations make use of silicone coating with the help of molding procedure that ensures product quality. In the shipping industry, silicone coating increases vessel efficiency and avoids the toxic antifouling paints. The silicone coatings are also used in air bags, textiles & leather goods since it offers beautiful looks to products.

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Moreover, the rising consumer goods industry is expected to stimulate the silicone coating industry. The coatings are applied on the interior and exterior of the house walls, corporate buildings and vehicle bodies. They are prepared with silicones that enhance product durability, moisture, weathering, climate changes and corrosion resistant, improve gloss and retain color. They are also used on the cars upholstery including the seat and fabrics. Silicone grease insoluble by form is stable at higher temperatures that allows it to be an ideal lubricant for brake elements, airsoft gun parts and bicycle chains.

The speedy urbanization and growing disposable income of consumers boosts the automotive industry is the major reason for the increasing silicone coating demand. Consumers today are widely accepting and are ready to pay for silicone coating products since the coatings add to the beauty of product. On the other hand, rise in production cost of silicone coatings is predicted to restrict the silicone coating industry.

The silicone coating market is categorized on the basis of formulation, application and geography. In terms of formulation, the silicone coating industry is divided into solvent based, water based, powder, etc. On the basis of applications, the market is divided into electronic, automobiles, construction, marine & aerospace, infrastructure, etc. The prominent silicone coating industry players comprise Evonik Industries, ACC Silicones, BASF, Dow Chemicals, China National Bluestar, Siltech Corporation, Wacker Chemie, Momentive Performance Materials, Humiseal, KCC Silicone, etc.

Connected Car Market Will Reach Height of USD 180.30 billion By 2024

Global Connected Car Market is anticipated to reach USD 180.30 billion by 2022. Connected car implies a car equipped with internet access and wireless local area system. The factors that propel the growth of the market include rising number of automotive manufacturers, roadblocks and traffic congestion. On the other hand, there are factors that may hamper the growth of the market including high cost of connected car hardware.

The market is anticipated to grow at a significant CAGR of 28% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Connected Car Market may be explored by technology, application, solutions, product and services, and geography.

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The market may be explored by technology as 3G, 4G/LTE, and 2G. The key applications that could be explored in the Connected Car market include Infotainment, Navigation, and Telematics. The market could be explored based on solutions as tethered, Embedded, and integrated. Market may be analyzed by product and services as Wireless and Cellular Modules, Sensors, Processors, Aftermarket Services, Fleet manager, and OEM Services.

Asia-Pacific accounted for the major share of the Connected Car Market Size in 2014 and will continue to lead in the forecast period. The factors that could be attributed to the growth include significant demand for automobiles in the region coupled with a comparatively untapped market for urbane automotive infrastructures in the county. Asia-Pacific is followed by North America region.

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Some of the key players that fuel the growth of the Connected Car Market comprise Continental, Delphi, Denso, Bosch, ZF, Harman, NXP, Autoliv, Valeo, Aisin Seiki, Hella, and Infineon. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

Connected Car Application Outlook (Revenue, USD Billion, 2012 – 2022)
• Vehicle Management
  • Driver Assistance
  • Mobility Management
  • Safety
  • Entertainment
  • Others

Battery Market Will Generate About USD 132.55 billion By 2024

Global Battery Market is expected to reach USD 132.55 billion by 2024. Battery is known for creating electricity using metals or liquids that are good conductors of electricity. The battery has two electrodes, which are positive and negative ends. It is made up of three key constituents like electrolyte, anode, and cathode. Batteries that must be thrown away after use are termed as primary batteries; whereas the batteries that can be recharged are termed secondary batteries. The Battery Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.

Low cost of raw materials, growth in need for security of energy supply, emerging several novel applications for batteries, technological enhancement, and growing disposable income are documented as major factors of Battery Market that are estimated to enhance the growth in the years to come. However, presence of alternatives like diesel generators and fuel cells may restrain overall market growth in the coming years. Battery Market is segmented based on type, application, and region.

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Nickel Cadmium (NiCD), Lead Acid, Nickel Metal Hydride (NiMH), Lithium-Ion (Li-ion), and other types could be explored in Battery in the forecast period. Lead acid batteries sector accounted for the substantial market share of Battery and is estimated to lead the overall market in the coming years. The lithium-ion batteries sector is estimated to grow at highest CAGR with fastest pace in the coming years.

The market may be categorized based on applications like batteries, automotive batteries, power tools batteries, industrial batteries, portable batteries, and others that could be explored in the forecast period. Automotive batteries sector accounted for the significant market share of Battery and is estimated to continue its dominance in the coming years.

Globally, Asia Pacific accounted for the significant market share of Battery and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be growing demand for industrialization and automobiles and high demand from consumer electronics. The emerging countries like India and China are the key consumers of Battery in this region.

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Instead, Europe and North America are also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. However, Europe is estimated to grow at fastest pace with the highest CAGR in the foremost period.

The key players of Battery Market are Tesla, Enersys, Sony Corporation, Exide Industries, Samsung SDI Co Ltd, GS Yuasa Corporation, Saft Groupe SA, Johnson Controls Inc., and Panasonic Corporation. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

Automotive Tire Market Will Reach Height of USD 374.22 billion By 2024

Global Automotive Tire Market is anticipated to reach USD 374.22 billion by 2024. Automotive tire is a rubber ring placed on rim of the wheel. Automotive tire mainly offers grip to vehicles on the road, and decreases road shocks. The factors that propel the growth of the Automotive Tire Market include growing demand for low rolling resistance tires, demand for high performance and low-profile tires, better fuel economy, technical developments such as eco-friendly tires, smart tires, and others. Automotive Tire Market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Automotive Tire Market may be explored by type, application, and geography. Automotive Tire Market may be analyzed by type as Bias, and Radial. The “Radial tire” segment led the Automotive Tire Market in 2015 and is anticipated to maintain its dominance by 2024. The key application that could be explored in the Automotive Tire Market include LCV, Passenger cars, Two wheelers, and HCV.

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Asia-Pacific accounted for the major share of the Automotive Tire Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include developing economy of most of the nations in this region. Asia-Pacific is followed by Europe and North America.

Some of the key players that fuel the growth of the Automotive Tire Market comprise Continental AG, Bridgestone Corporation, Michelin, Pirelli & C. S.p.A, Sumitomo Rubber Industries, Ltd., Madras Rubber Factory Limited, The Goodyear Tire & Rubber Co., JK Tyre & Industries Ltd., CEAT Ltd, and The Yokohama Rubber Co. Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Automotive Tire Application Outlook (Revenue, USD Billion, 2014 – 2024)
• Passenger cars
  • LCV
  • HCV
  • Two wheelers

Automotive Tire Type Outlook (Revenue, USD Billion, 2014 – 2024)
• Radial
• Bias

Automotive Tire Regional Outlook (USD Billion, 2014 – 2024)
  • North America
  • Europe
  • Asia Pacific
  • RoW

Plating on Plastics (POP) Market Will Reach Height of USD 777.27 million By 2024

The global Plating on Plastics (POP) Market is estimated to touch US$ 777.27 million by the completion of 2025. The Plating on Plastics industry was appreciated at US$ 411.6 million in the year 2016 and is estimated to develop at a CAGR of 7.3% for the duration of the prediction. Growing necessity for the lightweight metal that plays an important role in the electronics and automobile manufacturing is estimated to be a motivating issue in the market. Furthermore, increasing alertness of customers in the direction of the ecological benefits for example decrease in CO2 releases combined with performance effectiveness presented by lightweight commercial automobiles is estimated to boost the demand above the prediction period.

The Plating on Plastics market on the source of Type of Application could span Electronics, Building & Construction, Utilities, Automobile, and Others. The automobile manufacturing units in North America and Europe implement covering of nickel and chromium on plastic resins at a marketable stage. Possessions, for example, lesser price, decrease in weight and artistic projects permitted vast uses through the automobile manufacturing. It is extensively utilized in window decorations, inner trim, mirror coverings, supplementary spotlights, radiator gratings, name emblems, forward facing, and tail lamps. The additional important subdivision of usage is Electronics. Copper is the maximum commonly favored metal in electronics manufacturing. Ornamental uses of nickel and nickel/chromium covering utilized to increase the artistic look of plastic decorations on switches, knobs, mobile phones, and computers in electronic merchandises.

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The Plating on Plastics (POP) industry on the source of Type of Plastic could span Nylon/Polyamide, PEEK, PBT, ABS/PC, PP, LCP, PEI, and ABS. The type of plastic Acrylonitrile-Butadiene Styrene [ABS] is the maximum extensively recognized category in the international market. It takes an acrylonitrile-styrene matrix that takes butadiene rubber uniformly spread on it.

This exceptional possession marks its electro plating effective. The butadiene engraved from the medium that leave infinitesimal holes that used as connecting places by the plate. Inexpensive prices, simplicity of casting, greater metallic bond and small constant of thermal growth are most important motivators of the subdivision of ABS product.

The Plating on Plastics (POP) market on the source of Type of Plating could span Nickel, Chrome, and Others. The subdivision of Chrome plating is the maximum frequently utilized metal for covering uses. It frequently utilized for the plating of a number of motorbike portions, fiberglass tubing, gratings, Arm rest. It delivers decent exterior appearance, artistic charm and corrosion confrontation to the substrate.

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The Plating on Plastics (POP) industry on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America [U.S.A], Europe [Germany, U.K.], Asia Pacific [India, China], Central & South America [Brazil], Middle East & Africa [Saudi Arabia]. By the source of geography, Europe ruled the complete market by means of income. It was tracked by North America. Europe is mostly motivated by automobile manufacturing companies, particularly in Germany and the U.K. The automobiles with chrome finish have achieved substantial reputation in North America and Europe. It has headed greater demand for lightweight aerodynamic cars. The huge size automobile manufacturing companies for example Daimler AG, Volvo, Volkswagen, BMW, and others are expected to motivate the demand for the general market in coming years.

Asia Pacific is estimated to record the speedily developing CAGR of 8.2% for the duration of the prediction. Increasing manufacturing companies of electronics and automobile in Japan, India, and China are projected to motivate the progress above approaching years. The competences of apparatus and constituents are progressing in this province owing to speedily increasing substructure of manufacturing. In that way, generating profitable occasions for the development by the completion of the year 2025. The statement revises Trades in terms of intake of Plating on Plastics (POP) in the market; particularly in North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on international basis are Cyber shield Inc., Galva Deco parts Pvt. Ltd., Dow Chemicals, Atotech, Xin point, Chromal, Trenton, Sarrel Group, Applegate, BEP Surface Technology, Bolta Werke, Thanh Luan and Helco Metal.

Global pH Meters Market Will Shoot Up Rapidly

Global pH Meters Market is estimated to grow significantly in the forecast period owing to the introductions in technologies, favorable regulations and need to control waterborne diseases conditions. pH meter is an instrument that measures acidity or alkalinity of a solution. Basically, it consists of a voltmeter that is attached to a pH-responsive electrode and a reference electrode. pH is measured with the help of pH indicators in the form of a solution, pH strips or potentiometric method. It works by measuring potential difference between known reference electrode and measuring pH electrode.

The potential of pH electrode varies on the concentration of hydronium ions. Precisely, a pH meter is an accurate voltmeter connected to pH and reference electrodes, which is scaled in a way that displays ready pH value. The applications of pH meters can be found in industries like laboratory, food science and pharmaceutical, among others. Technological modernizations and portable design in pH meters are the main reasons driving pH meters market.

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The major driver of the market is the strict regulations on water quality. Various environmental agencies and water governing organizations in respective countries have set certain limits to ensure that water distribution agencies supply high-quality drinking water to public. Government of different nations have also set drinking water quality parameters.

Drinking water contains harmful substances and hence water distribution agencies are responsible to supply proper purified water from sources. Since different countries follow different set of parameters, there is no universally accepted international standards for pure drinking water. The permitted concentration of individual pollutant constituent may vary five times from the standard set from one nation to another.

The recent trend gaining momentum in pH meters industry is calibration-free pH meter. The cleaning of probes and electrodes is one of the major challenges for the industry. This increases the total cost and time required for the maintenance of pH meters. The exact measurement of pH levels also requires skilled technicians who spend maximum time maintaining and calibrating pH electrodes, which leads to extra cost and manpower. The complex process mostly introduces technical issues and human errors. However, challenges concerning the use of pH meters like electrode drift, sample contamination and inaccurate measurement are expected to restrain the adoption of pH meters rate in most industrial practices. Lack of awareness regarding importance of pH meters in emerging nations will continue to obstruct the growth of pH meters industry.

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Convenient pH meters are highly demanded due to their wide applications in several industries like food & beverage, chemical testing, pharmaceutical, monitoring waste-water and drinking water. Owing to these reasons, pH meters market is expected to grow impressively in the forecast period. Portable pH meters are gaining popularity globally due to the ease of use they offer. Along with increasing activities in water testing and environment testing, the demand for portable meters is predicted to grow at a faster rate among other categories.

pH meters industry is categorized on the basis of type, application, and geography. On the basis of type, the market is divided into bench-top pH meters, portable pH meters, and continuous pH meters. Based on application, the industry is classified into water & wastewater treatment, pharmaceuticals & biotechnology, chemicals & petrochemicals, environmental research & pollution control, food science, and educational laboratories.

Geographically, pH meters market is divided into North America, Europe, Asia Pacific, and Middle East & Africa. North America is projected to dominate the market in the coming years due to strict regulations regarding the quality of drinking water, existence of various industries that use pH meters and growing research activities in pharma sector. The key players in pH meters industry comprise A & E Technology Import & Export Co. Ltd., Qingdao Tlead International Co. Ltd., Shenzhen Huge Creation Technology Ltd., Zhangzhou Eastern Intelligent Meter Co Ltd, Hangzhou Lohand Biotechnology Co. Ltd., Tecpel Co Ltd., Suzhou Unigreen Electronic Technology Co. Ltd., Contech Instruments Ltd., Swastik Scientific Company, Yantai Chemins Instrument Co Ltd., and Shanghai Selon Scientific Instrument Co. Ltd.