As per the new industry analysis by Fact.MR, a market research and competitive intelligence provider, the Density Meter Market is currently valued at US$ 1 billion.
Equipment that measures the density of substances is known as a density meter. In most cases, the density of the sample/solution being detected is determined in relation to its mass. These metrics help the manufacturing and processing sectors in increasing the effectiveness of their operations.
The market for density meters is expanding as a result of the existence of regulatory requirements for measuring gaseous and liquid solutions of various sectors and the rising attention of oil and gas companies from the downstream sector given towards improving their operations. The market is benefiting from the growing use of density meters in the food, beverage, and chemical sectors. Governments’ enforcement of safety regulations to uphold the standard of ready-to-eat foods and soft drinks is anticipated to spur industry expansion. Density meters measure alcoholic and non-alcoholic beverages to produce reliable findings.
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Because of their ability to fit in the hand and be used while on the go, portable density meters dominate the market. Backed by technological developments, portable density meters are now self-explanatory and do not require a user manual. Due to their advantages such as autonomous sampling, improved workflow, quick sample entering, and effort minimization, they are in great demand for chemistry applications as well as food & beverage manufacturing.
The Asia Pacific region is emerging as a profitable marketplace for density meter producers due to rapid industrialization across the region.
Key Takeaways from Market Study
- Global sales of density meters are expected to increase at a CAGR of 4% during the next 5 years (2022-2027).
- The global density meter market is expected to attain a valuation of US$ 1.3 billion by 2027.
- China’s market is expected to reach US$ 231 million by 2027.
- The process segment is predicted to rise at a CAGR of 4% from 2022 to 2027.
“Potential growth possibilities for the density meter market are being created by the rising demand for tough and corrosion-resistant liquid density meters for harsh liquid measurement”, says a Fact.MR analyst.
Oil & Gas Industry Accounts for Highest Sales of Density Meters
The oil and gas industry is a vast one with multiple uses and operations. The following core categories could be used to generally classify them: discovery, extraction, manufacturing, processing, marketing, and transportation. Tracking the density of gases and oil that are being delivered for various purposes is a common feature of applications.
In the downstream procedures employed in the oil and gas sector, where purification and evaluation of the purified sample are carried out prior to manufacturing, density metres are used. The density metres are also used in a wide range of application areas, such as product quality control in manufacturing, mass measurement, product identification on multi-product pipelines, tanker truck & railway loading stations, and aviation refuelling.
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Competitive Landscape
To gain a competitive edge during the projection period, the companies are investing in the introduction of advanced meters and expanding their market share through several collaborations.
- March 2022 – For quality assurance, investigation, and development, the pharmaceutical industries use digital density meters. The partnership between Thermo Fisher Scientific and Symphogen has expanded to include better data workflow, which aids in the identification and creation of novel cancer therapies. The businesses offer cutting-edge technologies and efficient workflows for biopharmaceutical research and development laboratories to quickly characterize complex therapeutic proteins.
Key Companies Profiled
- Anton Paar GmbH
- Toshiba Corporation
- Thermo Fisher Scientific
- Emerson Electric Co.
- Mettler Toledo
- Endress+Hauser AG
- Horiba Ltd.
- Integrated Security Technologies
- Kyoto Electronics Manufacturing Co., Ltd.
- Lemis Baltic
Key Segments in Density Meter Industry Research
- By Implementation :
- Process
- Lab
- By Type :
- Benchtop
- Portable
- By Application :
- Ultrasonic
- Vibrating
- Optical
- Microwave
- Nuclear
- Others
- By Vertical :
- Water & Wastewater
- Oil & Gas
- Chemicals
- Metals & Mining
- Food & Beverages
- Others