Date: Mar 2023
Date: Mar 2023
The Market Statsville Group (MSG) publishes the new report on the "Residual Chlorine Meter Market by Solution, by Measurement (Offline (DPD Colorimetric Detection), Online/Continuous), by Form (Wall-mount, Handheld/ Portable, Pen Style), by Application, by Display, By Region – Global Share and Forecast to 2033
According to the Market Statsville Group (MSG), the global residual chlorine meter market size is expected to grow from USD 359.90 million in 2022 to USD 577.94 million by 2033, at a CAGR of 4.4% from 2023 to 2033.
The residual chlorine meter market consists of sales of residual chlorine meter services by entities (organizations, sole traders, and partnerships). Government investments in water treatment plants, as well as the increasing acceptance of residual chlorine meters in different industrial verticals, are driving the growth of the worldwide residual chlorine meters market. Furthermore, the rising need for safe drinking water fuels the growth of the residual chlorine meters market. To preserve human health and the environment, the government has issued many wastewater treatment procedures. Moreover, the increasing use of residual chlorine meters in different industry verticals such as food and beverage production and the water disinfection sector has fueled market expansion. In addition, the adoption of many technical improvements, as well as the need for online measurement, presents a profitable growth opportunity for the residual chlorine meter market. Moreover, the high material and fabrication costs involved with meter manufacture limit the market expansion of residual chlorine meters.
The overall residual chlorine meter market has been segmented into solution, measurement, form, display, application, and region.
The water purification plant segment is expected to grow at the highest CAGR during the forthcoming period. The level of residual chlorine in the water is measured using residual chlorine meters. They are also known as chlorine analyzers or chlorometers. The primary operating concept is based on the electrolytic process, in which an electric current passes through a solution producing ions that trigger chemical reactions at electrode surfaces that dissolve into it, resulting in concentration levels being measured using a digital readout keypad.
Over the forecast period, the Latin America market is expected to grow rapidly. Latin America's Residual Chlorine Meters Market is expected to grow at the highest rate during the forecast period. The growth in this market can be attributed to the increase in demand for water treatment products and rising awareness about water contamination. In addition, the growing awareness about hygiene and safety among consumers is driving the demand for residual chlorine meters in this region.
This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the residual chlorine meter market. It also consists of the profiles of leading companies such as HORIBA, DKK-TOA CORPORATION, Hanna Instruments, Hach Company, Tanita, Automated Water & Effluent Ltd., Yokogawa Electric Corporation, Analyticon Biotechnologies GmbH, RAKIRO BIOTECH SYSTEMS PRIVATE LIMITED, BOQU Instruments, ABB Ltd., Lohand Biological, Christian Bürkert GmbH & Co. KG and Extech Instruments. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.
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