PH Meters Market Size (2024 - 2029)

pH Meters Market Analysis

The PH Meters Market size is estimated at USD 716.90 million in 2024, and is expected to reach USD 912.80 million by 2029, growing at a CAGR of 4.95% during the forecast period (2024-2029).

The major factors driving the market are the increase in research and development activities and the growing technological advancements in pH meters.

pH meters help researchers and clinicians optimize the pH conditions for enzymatic reactions, aiding in diagnostic tests and research studies. pH meters play a role in pharmaceutical and biopharmaceutical research and development, helping scientists determine the optimal pH for drug formulations and stability. Hence, the growing research and development activities in pharmaceutical and biopharmaceutical industries are expected to drive the market during the forecast period.

The increasing funding for research and development activities drives the research activities in drug discovery where pH meters are used for various purposes such as preparation of drug formulation. For instance, the Indian Ministry of Science and Technology allocated a budget of INR 40 billion (USD 427.20 million) for the Department of Biotechnology (DBT) of India in the Union Budget for the year 2023-2024, an INR 11 billion (USD 1,131 million) budget has been allocated primarily for biotechnology research and development and industrial and entrepreneurship development in the country. Hence, such investments in research increase the utilization of pH meters, which ultimately drive the market during the forecast period.

Also, the increasing technological advancements in pH meters are expected to drive the market during the forecast period. For instance, according to an article published in Talanta Open Journal in August 2024, the technological advancements in glass electrodes and pH meters have enabled electrochemical methods to become more reliable, accurate, and convenient in various applications. The development of digital movie-based colorimetry enables continuous pH monitoring with high accuracy, precision, and reliability without the need for indicator change. Also, according to an article published in Nanomaterials in August 2022, nano-porous structures were utilized on the sensitive surface of ion-sensitive field-effect transistor (ISFET) devices to improve their sensitivity as pH meters. Hence, such advancements are expected to increase the adoption of pH meters and demand, ultimately driving the market during the forecast period.

Hence, the increasing research and development activities and rising technological advancements in pH meters are expected to drive the market during the forecast period. However, the high cost of pH meters is expected to restrain the market during the forecast period.

pH Meters Industry Segmentation

As per the scope of the report, a pH meter is an electric device used to measure hydrogen-ion activity (acidity or alkalinity) in solution. Fundamentally, a pH meter consists of a voltmeter attached to a pH-responsive electrode and a reference electrode. The pH market is segmented into product type, application, and geography. By product type, the market is segmented into benchtop pH meters, portable pH meters, and continuous pH meters. By application, the market is segmented into the pharmaceutical industry, biopharmaceutical industry, diagnostic centers, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). The report offers the value (in USD) for the above segments.