The Density Meter Market size is estimated at USD 1.07 billion in 2024, and is expected to reach USD 1.39 billion by 2029, growing at a CAGR of 4.25% during the forecast period (2024-2029).
The growth of the density meter market can be attributed to smart factories' development and the increased demand to accurately measure the density of the fluids used in or during various production processes. Also, the stringent government regulations in the United States and European countries to regulate emissions drive market growth.
The global density meter market is very competitive. The market is highly concentrated due to the presence of various small and large players. All the major players account for a large share of the market and are focusing on expanding their consumer base across the world. Some of the significant players in the market are ABB Ltd, Azbil Corporation, Endress+Hausar AG, Emerson Electric Corporation, Toshiba Corporation, Honeywell International Inc., KROHNE Messtechnik GmbH, Anton Paar GmbH Mettler-Toledo International Inc. VWR International (Avantor) Berthold Technologies GmbH & Co.KG Emerson Electric Co. Red Meters LLC Schmidt + Haensch GmbH & Co. Thermo Fisher Scientific, and many more. The companies are increasing the market share by forming multiple partnerships and investing in introducing new products to earn a competitive edge during the forecast period.
In February 2023, Modulyzer Flavour and Fragrance is a new analytical system developed by Anton Paar that combines density meters, polarimeters, and refractometers with an automated option to provide comprehensive information – in a single measurement cycle – on substances in the flavor and fragrance industry. Users in the quality control field can benefit from cost-reduction opportunities due to a variety of features, such as the requirement for only 10 ml sample per measurement and the ability to recover and reuse samples after a measurement. Additionally, the system can be integrated with AP Connect – Anton Paar's lab execution software – to enable the collection, review, and categorization of measurement data directly from a desktop computer.
In March 2022, digital density meters were used in the pharmaceutical industries for quality control, research, and development. Thermo Fisher and Symphogen have extended the collaboration involving improved data workflow, which supports the discovery and development of new cancer treatments. The companies provide biopharmaceutical discovery and development laboratories with innovative tools and streamlined workflows to characterize complex therapeutic proteins efficiently.
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