Market Highlights
The global density meter market is expected to grow at the steady CAGR during the forecast period. This growth can be attributed to the growth of smart factories, and the increased demand to accurately measure the density of the fluids used in or during various production processes. In addition, the stringent government regulations in the US and European countries to regulate the emissions also drive market growth. Asia-Pacific is expected to grow with the highest CAGR during the forecast period. Among the products, benchtop density meters hold the largest market while the portable density meters have found their use in the electronics industry and is expected to witness considerable growth. The application of density meters can be largely seen in chemicals and material science, electronics, food & beverage, healthcare, and pharmaceuticals industry. Among these, chemical industries hold the largest market share.
The global Density Meter Market Demand was valued at USD 886.0 million in 2018; it is expected to reach USD 1,178.0 Million by the end of the forecast period at a CAGR of 5.1%.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7958
Competitive Landscape:
Mettler Toledo (US), Anton Paar GmbH (Austria), Agilent Technologies Inc (US), VWR International LLC (US), A.KRÜSS Optronic GmbH (Germany), Schmidt + Haensch GmbH & Co (Germany), Emerson Electric Co (US), Thermo Fisher Scientific (US), Koehler Instrument Company Inc. (US), Ametek Inc. (US), Rhosonics Analytical B.V. (Netherlands), TA Instruments Inc (US), Integrated Sensing Systems (US), Berthold Technologies GmbH & Co. KG (Germany), Ultimo Measurement (US), Toshiba Infrastructure Systems & Solutions Corporation (Japan), Red Meters (US), Storage Battery Systems LLC (US), Eagle Eye Power Solutions LLC (US), Campbell/Harris Security Equipment Company (US), CSC Scientific Company Inc. (US), Laxco Incorporated (US), Sas R&D Services Inc. (US), Meidensha Corporation (Japan), GPS Instrumentation Ltd (UK), Markland Specialty Engineering Ltd (Canada), Yokogawa Electric Corporation (Japan), Biochrom Ltd (UK), Kyoto Electronics Manufacturing Co Ltd (Japan), and others are putting in significant efforts to influence the global density meter market.
Regional Analysis:
Regions like North America and Europe are going to support the growth of the market in notable ways as they include latest technologies quite easily. Also, these regions are known for funding various research works that can give rise to the intake of density meters.
Segmentation:
The global Density Meter Market Growth, as studied by MRFR analysts, has been segmented based on type and application. This segmentation provides an opportunity to get close to dynamics that can impact the market in significant ways.
By type, the report on the Density Meter Market Growth reveals a study of segments like modules, benchtop, and portable. The portable segment is expected to do better as end users are finding it increasingly useful.
By industry, the study on the Density Meter Market Growth includes segments like chemicals & material science, food & beverage industry, power & utilities, electronics, healthcare/life science & pharmaceutical, education/research, and others. The healthcare/life science & pharmaceutical segment is creating a high demand for density meter to support the growing number of research works.
Industry News:
In April 2020, METTLER TOLEDO launched the new Density2Go portable density meter to ensure quick testing and fast results. Among its other benefits, the device is easy to carry and it can be easily taken to the field or the lab. Digital density measurement is emerging as a perfect alternative for manual methods like pycnometers and hydrometers. It helps in securing the smooth operation and prevents any error made by the operator. This device can also be used for applications like Brix and percentage alcohol.
This device is set to become quite popular in the measurement of specific gravity (SG) or density (d) that are needed at battery production departments where it gets substantial backing for quality control. Density measurement can easily detect situations concerning cell damage or battery failure. Such advantages are expected to boost the global market for density meter.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/density-meter-market-7958