PH Sensors Market Size

pH Sensors Market Analysis

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.

• Further, the growth in the need for industrial automation around the globe is one of the essential elements driving the development of the pH sensors market. Additionally, the government of India sanctioned a PLI scheme for 16 plants for critical starting materials (KSM)/drug intermediates and functional pharmaceutical ingredients (APIs). Installing these 16 plants would result in a total investment of USD 47.01 million. The commercial development of these plants is anticipated to begin by April 2023. Furthermore, the government lately allocated USD 362.32 million to upgrade electronics and IT hardware manufacturing and USD 104.25 million for the Faster Adoption & Manufacturing of Hybrid and Electric automobiles in India (FAME - India).
• ZVEI (German Electrical and Electronic Manufacturers' Association) specified that these circumstances created a favorable business environment for the measurement and process automation industry while raising the need for process analytics instruments, such as pH sensors and analyzers.
• In addition, Stringent government rules over industrial and municipal wastewater disposal are driving the water treatment technology need evolution in recycling and reuse systems which may provide further momentum to create the market studied during the forecast period.
• Furthermore, Municipal authorities widely use wastewater technology in different cities across India for municipal wastewater treatment. According to NITI Aayog, India's market for wastewater treatment plants is expected to rise to USD 4.3 billion by 2025 due to growing demand for municipal and sewage water therapy facilities nationwide.
• Further, countries worldwide have made considerable investments in water infrastructure and desalination projects. For instance, the central government in Chile plans to fund USD 280 million in water infrastructure over the coming years. Countries have also developed to present incentives to promote water and wastewater treatment around the globe, which is anticipated to push the market for pH sensors & analyzers market.
• However, cost constraints and a need for established standards restrain market growth. Many pH sensors, like combination, differential, laboratory, and process pH sensors, are utilized and notice high commercial acceptance. However, there are only so many specified standards for their operation. These technologies are different from each other and lack compatibility. Lack of awareness, less acceptability, and the unjust quality standard these sensors offer could also hinder the market growth.