Global Residual Chlorine Meters Market is estimated to witness a rise in revenue from US$ 330.2 Mn in 2021 to US$ 527.3 Mn by 2030. The market is registering a CAGR of 5.3% during the forecast period 2022-2030. Moreover, in terms of volume, the global residual chlorine meters market is expected to project a CAGR of 4.9% during the forecast period 2022-2030.
The residual chlorine meter provides a quick and easy measurement of the amount of chlorine remaining in the sample at the time the test is made. A low range, 0-2ppm is used for the measurement of free residual chlorine using a polarographic sensor. The measurement can be achieved without the inconvenience and human errors associated with conventional reagent-based portable instruments. The meter consists of two sections, a handheld keypad, and a sensor assembly.
The keypad section features a large, easy-to-read LCD/LED panel. The sensor assembly is available in two versions, a grab sampler type and float suitable for field and grab applications and a flow-through cell suitable for tap water outlets and continuous flowing samples.
Market Dynamics
The major factor responsible for the growth of the global residual chlorine meters market includes the government investments in the water treatment plant and the surging adoption of residual chlorine meters in various industry verticals. Also, the growing demand for clean drinking water further drives the growth of the residual chlorine meters market. The government issues several wastewater treatment methods to ensure the public health and environmental protection. Moreover, the surging adoption of residual chlorine meters in various industry verticals such as food and drink manufacturing and the disinfection water industry has further driven market growth. Furthermore, the adoption of several technological advancements along with demand for online measurement creates a lucrative growth opportunity for the residual chlorine meter market. However, the high material and fabrication costs associated with meter manufacturing restrict the residual chlorine meters market growth.
Report Summary
The study of the global residual chlorine meters market considers various market determinants, industry value chain analysis and competitor analysis of the market. The report discusses the analysis of the residual chlorine meters for the period 2017-2030, where the base year is 2021 and the forecast period is 2022-2030. The report provides a detailed analysis of the global residual chlorine meters market across 17 Chapters and 264 pages. The report includes data presentation across 81 tables and 100 statistical figures.
The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein the bargaining power of buyers and competitive rivalry is high.
The subsequent section provides details of the market analysis based on different segments such as solution, measurement, form, display, application, and region. The report includes a detailed study of the value chain of the industry. It includes raw material producers, residual chlorine meters manufacturers, distributors/market intermediaries, and end-users. The report also covers extensively the key competitors in the market for global residual chlorine meters.
Impact of COVID-19 on Global Residual Chlorine Meters Market
Global residual chlorine meters market witnessed a slight decline in 2021, in the recent outbreak of the COVID-19 pandemic. The global demand for the residual chlorine meters market is significantly reduced due to the reduced investments by government and private companies in chlorine meter manufacturing, and wastewater treatment plants. Also, combined with the global shutdowns and disruptions in global residual chlorine meters, the public, and private companies delayed their investment or spending for expanding manufacturing plants. This, in turn, is expected to limit the growth of the global residual chlorine meters market. Moreover, the provision of clean water is currently required to address the global health crisis caused by COVID. As high-quality water is required for hand washing, showering, cleaning, and disinfecting homes, thus companies are likely to gain significant traction in the upcoming years in the market.
Key Takeaways from the Global Residual Chlorine Meters Market Report
Competitive Landscape
The key players in the Global Residual Chlorine Meters Market are Horiba, DKK-Toa Corporation, Hanna Instruments, Hach Company, Tanita, Automated Water & Effluent Ltd., Yokogawa Electric Corporation, Analyticon Biotechnologies GmbH, Rakiro Biotech Systems Private Limited, BOQU Instruments, ABB Ltd., Lohand Biological, Christian Bürkert GmbH & Co. KG and Extech Instruments among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions to have a grip on emerging markets. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
Segmentation Overview
Global Residual Chlorine Meters Market is segmented based on solution, measurement, form, display, application, and region. The industry trends in the Global residual chlorine meters market are sub-divided into different categories in order to get a holistic view of the global marketplace.
Following are the different segments of the Global Residual Chlorine Meters Market:
By Solution segment of the Global Residual Chlorine Meters Market is sub-segmented into:
By Measurement segment of the Global Residual Chlorine Meters Market is sub-segmented into:
By Form segment of the Global Residual Chlorine Meters Market is sub-segmented into:
By Display segment of the Global Residual Chlorine Meters Market is sub-segmented into:
By Application segment of the Global Residual Chlorine Meters Market is sub-segmented into:
By Region segment of the Global Residual Chlorine Meters Market is sub-segmented into:
Chlorine meters are used in the water treatment plant in order to track the concentration of chlorine remaining in the water after a certain period or contact time after its initial application.
The residual chlorine meter is widely used in drinking water treatment plants, drinking water distribution networks, swimming pools, hospital wastewater, and water quality treatment projects.
The global residual chlorine meters market is studied from 2017-2030.
Global residual chlorine meters market is projected to grow at a CAGR of 5.3% during the forecast period 2022-2030 and is expected to reach US$ 527.3 Million.
Factor such as increasing government investments for the water treatment plant and surging adoption of residual chlorine meters in various industry verticals drives the growth in the global residual chlorine meters market.
The food & beverages segment holds the highest CAGR in the global residual chlorine market during the forecast period.
Asia-Pacific region is growing with the highest CAGR during the forecast period.
The high material and fabrication costs associated with meter manufacturing restrict the overall residual chlorine meters market growth.
US holds the major share in terms of revenue in the North America residual chlorine meters market.
The technological advancements in residual chlorine meter provides a lucrative growth opportunity in the residual chlorine meters market.
Solution, measurement, form, display, application, and region are the different segments in the global residual chlorine meters market.
Horiba, DKK-TOA Corporation, Hanna Instruments, Hach Company, Tanita, Automated Water & Effluent Ltd., Yokogawa Electric Corporation, Analyticon Biotechnologies GmbH, Rakiro Biotech Systems Private Limited, Lohand Biological & Co. KG and Extech Instruments among others.
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