Redox Meter Market Size, Share, Trends, Growth and Forecast 2030

Redox Meter Industry Prospective:

The global redox meter market size was evaluated at $5 billion in 2022 and is slated to hit $9 billion by the end of 2030 with a CAGR of nearly 5.5% between 2023 and 2030.

Request Free Sample

Redox Meter Market: Overview

The redox meter is utilized for defining properties of oxidation of monitor as well as solutions. Furthermore, it is used for measuring chemical reactions for calculating ion activities. Moreover, the equipment is utilized in labs for measuring thermal conductivity, pH, temperature, and oxidation-reduction.

In addition to this, these redox meters are analytical devices used for measuring the ORP that helps in indicating the tendency for oxidation solution. Apart from this, the equipment finds a slew of applications in research labs, analysis of water quality, and manufacturing processes. Redox meters are also referred to as ORP meters.  

Key Insights

• As per the analysis shared by our research analyst, the global redox meter market is projected to expand annually at the annual growth rate of around 5.5% over the forecast timespan (2023-2030)
• In terms of revenue, the global redox meter market size was evaluated at nearly $5 billion in 2022 and is expected to reach $9 billion by 2030.
• The global redox meter market is anticipated to grow rapidly over the forecast timeline owing to humungous demand for water quality monitoring in residential, industrial, and commercial sectors.
• In terms of application, the portable redox meter segment is slated to register the highest CAGR over the forecast period.
• Based on the end-user, the ground-water treatment units segment is projected to dominate the segmental surge over the forecast timeline.
• Region-wise, the Asia-Pacific redox meter industry is projected to register the fastest CAGR during the assessment timeline.

Request Free Sample

Redox Meter Market: Growth Factors

Escalating penetration of products in various end-use sectors to boost global market trends

Humungous demand for water quality monitoring in residential, industrial, and commercial sectors will steer the growth of the global redox meter market. Escalating acceptance of redox meters in treating wastewater will proliferate the expansion of the market across the globe. Moreover, technological breakthroughs are likely to make notable contributions toward the size of the global market in the years ahead. Growing awareness about environmental scanning and improving water quality will steer the global market trends.

A prominent rise in industrialization and a thriving manufacturing sector will embellish the expansion of the market across the globe. Breakthroughs in redox meter technologies and the accuracy of sensors will embellish the growth of the global market. The humungous popularity of wireless and portable redox meters will steer the global market trends.  

Redox Meter Market: Restraints

An increase in the preliminary costs to put brakes on the global industry expansion over the forecast timeline

A rise in the initial investments along with a surge in the maintenance charges related to redox meters is predicted to put brakes on the global redox meter industry expansion. Apart from this, low awareness as well as lesser acceptance of redox meters in emerging economies can create a big hurdle in the growth of the global industry. In addition to this, easy access to substitute measurement techniques will hinder the global industry surge over the coming eight years.

Redox Meter Market: Opportunities

Massive use of redox meters in developed nations to open new growth avenues for the global market by 2030

Large-scale demand for products in developed countries is predicted to steer the growth of the redox meter market globally in the coming eight years. Furthermore, the integration of data analytics with the Internet of Things in the product for real-time monitoring creates new growth opportunities for the global market. The surging use of products in food processing and pharmaceuticals will steer the growth of the market across the globe.  

Redox Meter Market: Challenges

The rise in the price of raw components to prove a huge challenge for the global industry by 2030

High raw material costs and disruption in the supply chain are anticipated to pose a big challenge for the global redox meter industry.  Strict government laws pertaining to the regulated use of the product in various industries will proliferate the growth of the industry in the coming years.  

Redox Meter Market: Segmentation

The global redox meter market is sectored into type, end-user, and region.                                  

In type terms, the redox meter market across the globe is segregated into portable redox meter and benchtop redox meter segments. Furthermore, the portable redox meter segment, which acquired nearly 60% of the global market earnings in 2022, is anticipated to accrue the highest CAGR over the forecast timeline. The expansion of the segment during 2023-2030 can be due to a rise in the use of the product owing to their flexibility as well as convenient use. Furthermore, these products are operated by batteries and offer real-time ORP measurements, thereby making them suitable for quick environmental monitoring and on-site analysis.

Based on the end-user, the global redox meter industry is divided into laboratories, industrial units, ground-water treatment units, and other segments. Moreover, the ground-water treatment units segment, which led the end-user segment in 2022, is predicted to dominate the segmental growth even during the forecast timeline. The growth of the segment over the assessment period can be subject to a rise in the demand for redox meters in ground-water treatment.  

Redox Meter Market: Report Scope

Redox Meter Market: Regional Insights

North America is predicted to lead the global redox meter market over the forecast period

North America, which contributed about half of the global redox meter market revenue in 2022, is likely to be a dominating region over the forecast timeframe. Moreover, the regional market expansion over the ensuing years can be attributed to the rise in the use of the product in the pharmaceutical and wastewater treatment sectors. Apart from this, the presence of giant players in countries such as Canada and the U.S. will steer the regional market growth in the coming years.  

The Asia-Pacific redox meter industry is set to record the fastest CAGR in the next eight years. The growth of the industry in the sub-continent over the forecast timespan can be subject to a prominent rise in the production of redox meters in countries such as China and India. In addition to this, a rise in the product export to the western countries will contribute majorly towards the industry surge in the region over the next decade.  

Key Developments

• In July 2021, ABB Group, a key Swiss-based tech player, introduced a low-powered AWT210 plug-and-play wire transmitter for ORP, pH, and conductivity measurement. Moreover, the former is used in measuring water quality in various factories.
• In December 2022, Korea Electric Power Corporation (KEPCO), the largest electric utility based in South Korea, is likely to acquire services of seven vanadium redox flow battery energy storage tools manufactured by Invinity Energy Systems plc, a vanadium flow battery manufacturer based in the U.S.

Redox Meter Market: Competitive Space

The global redox meter market profiles key players such as:

• ABB Group
• American Marine Inc.
• Thermo Fisher Scientific Inc.
• Xylem Inc.
• Hanna Instruments
• Trans Instruments (S) Pte Ltd
• PCE Deutschland GmbH
• HI-TECH SWEET WATER TECHNOLOGIES PVT. LTD.
• Eutech Instrument Pte Limited
• Knick          

The global redox meter market is segmented as follows:

By Type

• Portable Redox Meter
•  Benchtop Redox Meter

By End-User

• Laboratories
• Industrial Units
• Ground-Water Treatment Units
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa