Market Overview:
The global redox meter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for redox meters in laboratories, industrial plants, and other applications. Additionally, the growing awareness about the benefits of using redox meters is also contributing to the growth of this market. Based on type, the global redox meter market can be segmented into portable redox meters and benchtop redox meters. The portable segment is expected to grow at a higher CAGR than the benchtop segment during the forecast period from 2018 to 2030. This growth can be attributed to factors such as ease of use and portability of these devices.
Product Definition:
Redox Meter is used to measure the potential between two points in a circuit. It is used to measure the oxidation-reduction potential (ORP) of a solution. The ORP of a solution can be used to determine if it is oxidizing or reducing agent.
Portable Redox Meter:
Portable redox meter is a device used for measuring the oxidation-reduction potential of cells or solutions. It consists of two probes, connected by an electrical cable. The first probe is usually a metal and the second one is made from special material such as glass or plastic which has higher resistance than metal.
Benchtop Redox Meter:
Benchtop redox meter is used for measuring the oxidation and reduction of an element in chemical reactions. It consists of two probes or electrodes, one for oxidation and other for reduction. The voltage produced by the device is used to measure the potential difference between these two probes.
The product has a wide range of applications such as water treatment, electroplating, wastewater treatment, semiconductor industry etc.
Application Insights:
Laboratories led the market and accounted for more than 60% of the global revenue in 2017. The use of redox meters in laboratories across various end-use industries such as oil & gas, pharmaceuticals, food & beverage and water treatment is expected to drive the segment growth over the forecast period.
The industrial plants application segment is anticipated to witness significant growth during the study period owing to rising demand from manufacturing facilities for proper management of process wastewater. Proper management of process wastewater involves controlling both organic and chemical substances released into water bodies through industrial processes along with their removal through filtration or separation techniques. This factor is projected to fuel product demand during future years.
Other applications include automotive, healthcare, hospitality (laundry) among others which are dependent on proper water quality control at all times without any contamination or error message reported by equipment such as pH meter or hydrometer that measures salinity/density etc.
Regional Analysis:
Asia Pacific region dominated the global redox meter market in 2017. The presence of a large number of mining companies and rapid industrialization in countries such as China, India, Australia and Japan are expected to drive the regional demand for redox meters over the forecast period. Furthermore, increasing government initiatives to develop water treatment facilities coupled with growing awareness regarding water conservation is anticipated to augment regional growth during the forecast period.
The Asia Pacific region is characterized by rapidly developing economies that have attracted foreign investors with low labor costs and abundant natural resources. However, due to lack of stringent environmental regulations pertaining to wastewater disposal from these countries has resulted in high pollution levels within their respective cities and towns thus leading towards increased need for wastewater treatment plants thereby driving industry growth over the projected time frame.
Growth Factors:
- Increasing demand for point-of-care diagnostics: The global market for point-of-care diagnostics is expected to grow at a CAGR of 9.5% from 2016 to 2021. This growth can be attributed to the increasing demand for rapid and accurate diagnostic tests, especially in developed countries. Redox meters are ideal point-of-care devices as they provide quick and accurate results within minutes.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as diabetes and heart disease is on the rise globally, which is driving the demand for rapid diagnostic tests such as redox meters.
- Technological advancements: Rapid technological advancements are resulting in the development of innovative redox meter products that are easier to use and provide more accurate results than traditional meters. This is helping to boost the adoption of redox meters among healthcare professionals worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Redox Meter Market Research Report
By Type
Portable Redox Meter, Benchtop Redox Meter
By Application
Laboratories, Industrial Plants, Others
By Companies
Thermo Fisher Scientific, Hanna Instruments, ABB, PCE Deutschland, Xylem, Knick
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Redox Meter Market Report Segments:
The global Redox Meter market is segmented on the basis of:
Types
Portable Redox Meter, Benchtop Redox Meter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Laboratories, Industrial Plants, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thermo Fisher Scientific
- Hanna Instruments
- ABB
- PCE Deutschland
- Xylem
- Knick
Highlights of The Redox Meter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable Redox Meter
- Benchtop Redox Meter
- By Application:
- Laboratories
- Industrial Plants
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Redox Meter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A redox meter is a device that measures the amount of oxidation and reduction taking place in an environment.
Some of the major companies in the redox meter market are Thermo Fisher Scientific, Hanna Instruments, ABB, PCE Deutschland, Xylem, Knick.
The redox meter market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Redox Meter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Redox Meter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Redox Meter Market - Supply Chain
4.5. Global Redox Meter Market Forecast
4.5.1. Redox Meter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Redox Meter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Redox Meter Market Absolute $ Opportunity
5. Global Redox Meter Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Redox Meter Market Size and Volume Forecast by Type
5.3.1. Portable Redox Meter
5.3.2. Benchtop Redox Meter
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Redox Meter Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Redox Meter Market Size and Volume Forecast by Application
6.3.1. Laboratories
6.3.2. Industrial Plants
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Redox Meter Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Redox Meter Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Redox Meter Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Redox Meter Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Redox Meter Demand Share Forecast, 2019-2026
9. North America Redox Meter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Redox Meter Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Redox Meter Market Size and Volume Forecast by Application
9.4.1. Laboratories
9.4.2. Industrial Plants
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Redox Meter Market Size and Volume Forecast by Type
9.7.1. Portable Redox Meter
9.7.2. Benchtop Redox Meter
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Redox Meter Demand Share Forecast, 2019-2026
10. Latin America Redox Meter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Redox Meter Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Redox Meter Market Size and Volume Forecast by Application
10.4.1. Laboratories
10.4.2. Industrial Plants
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Redox Meter Market Size and Volume Forecast by Type
10.7.1. Portable Redox Meter
10.7.2. Benchtop Redox Meter
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Redox Meter Demand Share Forecast, 2019-2026
11. Europe Redox Meter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Redox Meter Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Redox Meter Market Size and Volume Forecast by Application
11.4.1. Laboratories
11.4.2. Industrial Plants
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Redox Meter Market Size and Volume Forecast by Type
11.7.1. Portable Redox Meter
11.7.2. Benchtop Redox Meter
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Redox Meter Demand Share, 2019-2026
12. Asia Pacific Redox Meter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Redox Meter Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Redox Meter Market Size and Volume Forecast by Application
12.4.1. Laboratories
12.4.2. Industrial Plants
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Redox Meter Market Size and Volume Forecast by Type
12.7.1. Portable Redox Meter
12.7.2. Benchtop Redox Meter
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Redox Meter Demand Share, 2019-2026
13. Middle East & Africa Redox Meter Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Redox Meter Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Redox Meter Market Size and Volume Forecast by Application
13.4.1. Laboratories
13.4.2. Industrial Plants
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Redox Meter Market Size and Volume Forecast by Type
13.7.1. Portable Redox Meter
13.7.2. Benchtop Redox Meter
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Redox Meter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Redox Meter Market: Market Share Analysis
14.2. Redox Meter Distributors and Customers
14.3. Redox Meter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Thermo Fisher Scientific
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hanna Instruments
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ABB
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. PCE Deutschland
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Xylem
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Knick
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
