Density Meter Market Trends, Size, Segments, Emerging Technologies 2027

 Density Meter Market

Market Overview

The industrial process is facing rapid digitization and automation, which is encouraging manufacturers to achieve a highly accurate production process. Density meters are used in these industries due to high-precision measurement results and efficiently managing the production cycle from raw material procurement to end product. This factor is driving the Density Meter Market. Density meters are analytical for measuring the liquid density or a gaseous substance. Density meters has wide application in industrial verticals such as chemicals, petrochemicals, and food & beverage industries for quality control of products. 

Density meters are customized to meet specific industry requirements. Different companies provide density meters for portable specifications. Density meters are also used in hazardous environments and industries.

The Density Meter Market had reached USD 886.0 million in 2018; it is expected to reach USD 1,178.0 Million during the forecast period at a CAGR of 5.1%.

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The growth factor boosting the Density Meter Market Growth is the stringent government regulations for density measurement of liquid and gas emissions from manufacturing sectors. Moreover, the rise in the adoption of industrial automation and smart factories encourages manufacturers to adopt equipment like density meters. 

During the study, it has been noticed that Asia-Pacific is considered as the top adopters of density meters due to the increase in the concentration of manufacturing facilities in the region.

Other companies operating in the density meter market focus on organic marketing strategies to concentrate on research and development activities for launching new products. The companies also follow inorganic growth strategies like strategic agreements and partnerships to increase their global presence in the global market. However, new industrial players (startups) are good competitors for the existing players.

Market Segmentation 

The Density Meter Market is segmented into type and application. Based on the type segment, the market is categorized into benchtop, modules, and portable. At the same time, the application segment is segregated into the food and beverage industry, electronics, healthcare/life science and pharmaceutical, chemicals and material science, education/research, power and utilities, and others.

Regional Analysis

According to the regional report, the Density Meter Market is showing tremendous growth in North America, Europe, Asia-Pacific, and the rest of the regions, including the Middle East and Africa, and South America. The global market will witness a significant global rate during the review period between 2018 to 2023. 

The North American region is experiencing an exceptional growth rate due to the higher presence of end-users and suppliers of the market. Further, the manufacturers are highly focused on implementing improved and advanced technologies to meet the clients' requirements. However, the Asia-Pacific region will notice the fastest growth during the forecast period due to the rapid development of smart factories and manufacturing facilities in developing countries such as India and China, where the demand is higher for density meters.

Industry News

In September 2018, Anton Paar acquired Quantachrome Instruments, a manufacturer of surface area analyzers and density analyzers, for modernization and expansion of the manufacturing plants in addition to the expansion of its particle characterization product portfolio.          

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