Global Portable Density Meter Market, By Application (Process Characterization Device, Coriolis, Nuclear, Microwave, Ultrasonic), 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), Implementation Type (Process, Lab) – Industry Trends and Forecast to 2029.
Portable Density Meter Market Analysis and Size
The oil and gas industry is expanding in tandem with the expansion of industrialization and the increase in demand for energy resources. However, the process industries rely heavily on technical equipment, including density metres, to maintain uniformity and quality throughout the crude material.
Data Bridge Market Research analyses that the portable density meter market which was growing at a value of 1.14 billion in 2021 and is expected to reach the value of USD 1.84 billion by 2029, at a CAGR of 6.20% 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.
Portable Density Meter Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Process Characterization Device, Coriolis, Nuclear, Microwave, Ultrasonic), 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), Implementation Type (Process, Lab),
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Countries Covered
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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
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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 is a device that determines the density of a liquid, solid, or gas. There are several kinds of density metres on the market, including solid density metres, liquid density metres, and gas density metres. Density metres are used in a variety of industries, including the chemicals and petrochemicals, pharmaceutical, and food and beverage industries.
Global Portable Density Meter Market Dynamics
Drivers
- Rising investments and expansion of various industries is providing market growth
The portable density meter market is growing due to increased research activities for oil and gas reservoirs, the expansion of pharmaceutical industries, and the increasing disease burden. These density metres are used to determine the density of finished liquid hydrocarbon products such as propane, gasoline, and natural gas liquid.
The growing use of density metres in the food and beverage and chemical industries gives the market an advantage. The government's imposition of safety regulations to maintain the quality of ready-to-eat foods and soft drinks is expected to boost market growth. Density metres aid in the accurate measurement of alcoholic and non-alcoholic beverages. Recently, the Indian government allocated US$ 1.35 billion under MAKE IN INDIA to prioritise the food and beverage sector while encouraging investment. To improve the supply chain, the government established 18 mega food parks and 138 cold chain projects.
- Governments initiatives are contributing to market growth
Government initiatives in the water and wastewater treatment industries are a major factor driving the growth of the region's portable density meter market. Increased industrialization contributes to the growth of the Asia-Pacific portable density meter market. Density metres are used extensively in water and wastewater treatment to determine turbidity, the concentration of neutralizers such as milk of lime, and to check the concentration of water throughout the process. Due to limited drinking water availability, an increase in industrial wastewater, and smart water management, Asia Pacific has a high demand for density metres.
Opportunity
- Modernization of factories
The presence of several strict regulatory compliances for ensuring safety is a critical factor escalating market growth; additionally, high food quality and rising volume of industrial automation in various manufacturing and processing industry verticals are major factors driving the portable density metre market, among others. In the forecast period, modernization and rising adoption of smart factories and industrial automation will create new opportunities for the portable density metre market.
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 portable density metre market during the forecast period.
This portable 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 portable 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 Portable 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 Portable Density Meter Market Scope
The portable density meter market is segmented on the basis of application, end-user and implementation type. 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
Application
- Process Characterization Device
- Coriolis
- Nuclear
- Microwave
- Ultrasonic
Portable Density Meter Market Regional Analysis/Insights
The portable density meter market is analysed and market size insights and trends are provided by country, application, and end-user and implementation type as referenced above.
The countries covered in the portable 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.
The region with the most shares is North America. The density metre is in high demand in the oil and food industries. The food industry has extremely high safety standards. As a result, the use of density metres is becoming more common.
Asia-Pacific is the highest growing region of the global portable density market. The product will be in high demand in the wastewater treatment market. The use of density metres to measure wastewater discharge is widespread. Furthermore, Europe is a rapidly expanding region. In this market, density metres are becoming more popular.
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 Portable Density Meter Market Share Analysis
The portable 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 portable density meter market.
Some of the major players operating in the portable 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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