The fluid density is one of the major key in the control of most industrial processes. This is mainly due to, density meter allows not only, a better management of the process but also the accurate determination of the quantity and quality of the product. In addition, the density of a fluid can be determined by using several measuring techniques and devices. Density meters are installed across various end use industries includes chemicals, food & beverages, oil & gas, metals & mining and water & wastewater among others, to monitor the density or concentration of products in liquid and gaseous forms.
Across the globe, rapid installation of the density meter is growing at a rapid pace. In addition, ultrasonic density/concentration meter is one of the most adopted density meter which has been adopted largely by various end use industry such as oil and gas, food and beverage, & water and waste water treatment among others and hence, the market for this type is expected to grow rapidly. The density meters market is expected to witness a steady growth during the forecast period from 2018 to 2026.
In order to provide detailed analysis of the market, the global density meters market is segmented on the basis of product type, implementation type, end use industry and geography. On the basis of type, the market for density meter has been segmented into optical, vibrating, ultrasonic, nuclear and microwave. In 2017, ultrasonic segment hold the major share in global density meter market and is predicted to grow at a highest CAGR rate in coming years. However, in recent years, the ultrasonic segment have shown great versatility, being used in various branches of industry. Based on implementation type, the density meter market has been segmented into process and lab. The process density meter is expected to be the fastest growing implementation type during 2018–2026.
Various categories of density meter market, on the basis of end use industry include food and beverages, oil & gas, pharmaceutical, chemical, water & waste water treatment among others. In 2017, Water and waste water treatment and pharmaceutical segment hold the largest market share of the global density meter market. The growth witnessed in the oil and gas industry is expected to positively influence the revenue of density meter market during the forecast period. Rising demand for density measurement in water and wastewater management applications across the globe is expected to drive market growth over the forecast period.
There is an intense price based competition in the global density meter market. The local players of developing countries are penetrating the markets of developed countries by providing affordable and efficient density meter. Growth opportunities for the density meter market have been restricted due to increase in counterfeits and illegal copying of patented technology. This in turn is anticipated to hinder the growth of the global density meter market.
Geographically, density meter market has been segmented into North America, Europe, Asia Pacific, Middle- East and Africa and South America. Asia Pacific is estimated to be the significantly attractive market for density manufacturers mainly because of the large-scale industrialization in this part of the world. Asia Pacific is predicted to witness the most auspicious market in the coming years, owing to increasing number of food & beverages and pharmaceutical companies are continuously focusing to expand their operation and manufacturing units across the different part of Asia Pacific.
This report explores the major global industry players in detail. Major companies operating in the global density meter market are EMERSON (The U.S), Yokogawa Electric (Japan), Mettler Toledo (The U.S),Toshiba Corporation (Japan), Thermo Fisher Scientific (The U.S), Endress+Hauser (Switzerland), AMETEK, Inc.(The U.S). Rototherm Group (U.K), Kyoto Electronics Manufacturing Co., Ltd.(Japan) and SensoTech GmbH (Germany) among others.
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