BCC Research’s latest report on the global market for pH sensors breaks down the data across various touchpoints, including product type, region, end-use industry, and more. Download your complimentary report of our Global Market for pH Sensors report and access the report in full.
Another factor – one that is inextricably linked to the onset of climate change – that is driving the need for pH sensors is the ever-climbing population. Standing now at roughly 8 billion people, the population is expected to swell over the coming decades. By 2050, the UN expects a global population of around 9.2 billion, which is piling greater pressure on an already tight water supply. The framework to support this growth is simply not in place. Water mains and sewer systems require a major overhaul to meet the current and future needs of the population.
Globally, around 8% of water is used by households, 70% by agribusiness, and 22% industrially. Regionally, uses differ; In developed nations, approximately half the water is reserved for industrial uses, while in developing nations, farming accounts for around 80%. The growing population is creating a high demand for food, which is in turn driving demand for irrigation for agricultural purposes. But most revenues for pH testing equipment stem primarily from the industrial and domestic sectors, rather than agriculture.
While pH sensors are useful contraptions, they aren’t without their faults. These flurry of factors may put the brakes on market growth in the future, with the main difficulties being:
BCC Research’s latest report on the global market for pH sensors breaks down the data across various touchpoints, including product type, region, end-use industry, and more. We analyze the characteristics of this in-demand industry, helping players to achieve market clarity and achieve lasting success.
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