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.
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The key players in the density meter market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Anton Paar GmbH (Austria), VWR International LLC (US), Mettler Toledo (US), Agilent Technologies Inc. (US), Schmidt + Haensch GmbH & Co (Germany), A.KRÜSS Optronic GmbH (Germany), Thermo Fisher Scientific (US), Koehler Instrument Company Inc (US), Emerson Electric Co (US), Rhosonics Analytical B.V. (Netherlands), Ametek Inc. (US), Integrated Sensing Systems (US), TA Instruments Inc. (US), and Ultimo Measurement (US). These players contribute significantly to market growth.
Apart from the top key players, the other players contribute nearly 35–40% in the density meter market. These are Berthold Technologies GmbH & Co. KG (Germany), Red Meters (US), Toshiba Infrastructure Systems & Solutions Corporation (Japan), Eagle Eye Power Solutions LLC (US), Storage Battery Systems LLC (US), CSC Scientific Company Inc. (US), Laxco Incorporated (US), Campbell/Harris Security Equipment Company (US), Meidensha Corporation (Japan), Sas R&D Services Inc. (US), Markland Specialty Engineering Ltd (Canada), GPS Instrumentation Ltd (UK), Kyoto Electronics Manufacturing Co Ltd (Japan), Yokogawa Electric Corporation (Japan), Biochrom Ltd (UK), among others
The market for density meters is estimated to grow at a significant rate during the forecast period from 2020 to 2027. The geographic analysis of density meters market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East & Africa, and South America).
According to MRFR analysis, North America held the largest revenue generating region and is also expected to continue its dominance in the density meter market during the forecast period. There are various growth factors that help the region to attain the highest ranking including high investments in the chemicals, healthcare, and pharmaceutical industries. Europe closely follows North America in pharmaceuticals, chemicals and healthcare sector. Moreover, the stringent government and environmental regulations in North America and Europe to monitor the harmful chemical emissions further create a demand to use density meters in the production process.
On the other hand, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. This is due involvement of government to invest in smart factories and industrial automation. Moreover, the emergence and expansion of manufacturing facilities in China, India, and southeast Asian countries is expected to drive the growth of the density meter market in this Asia-Pacific.
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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
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