The PH Sensors Market size is estimated at USD 1.74 billion in 2024, and is expected to reach USD 2.48 billion by 2029, growing at a CAGR of 6.90% during the forecast period (2024-2029).
The market growth is driven by the surge in the usage of pH sensors and analyzers in water, wastewater, chromium, and aquaculture treatment plants for formulating precise readings of the oxidation-reduction potential and pH levels. pH sensors monitor drug efficiency and provide optimal pH levels for pharmaceutical manufacturing, further driving the market.
The pH sensors market is moderately concentrated with the presence of several major players. A few significant players such as Halma PLC, Thermo Fisher Scientific Inc., Xylem Inc., Yokogawa Electric Corporation, and George Fischer Piping Systems Ltd. currently dominate the market in terms of market share. With a prominent market share, these major players focus on expanding their customer bases in various foreign countries. These companies leverage strategic collaborative initiatives to improve their market shares and profitability. The players performing in the market are also acquiring startups working on pH sensors to intensify their product capabilities.
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