DIGITAL REFRACTOMETERS MARKET REPORT OVERVIEW
- Request A Free Sample to learn more about this report
The global digital refractometers market size was USD 205 million in 2022 and is expected to touch USD 302.5 million by 2028, exhibiting a CAGR of 6.7% during the forecasted period.
The sudden spike in CAGR is attributable to the digital refractometers market growth and demand returning to pre-pandemic levels once the pandemic is over. The global COVID-19 pandemic has been unprecedented, with digital refractometers experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. A digital refractometer is an optical instrument that is designed to measure the concentration or mixture ratio of fluids. It measures the refractive index and the speed at which light passes through a liquid. The denser is the liquid, the slower the light travels through it, and the higher its reading will be on the refractometer. There are various refractometer types, such as traditional analog refractometers, digital handheld refractometers, inline process control refractometers, refractive index sensors, and laboratory refractometers.
Digital refractometers are more precise than traditional refractometers. However, they are less accurate compared to benchmark refractometers and may require a larger sample to test the readings. Some refractometers are water-proof and are thus, washable. The critical difference between a digital refractometer from a traditional refractometer is that the LED light source is focused on the underside of a prism element.
COVID-19 Impact: Increased Demand for Food Production Spurred Market Growth
The increased demand for food production during the pandemic spurred the need for digital refractometers in North America. As these refractometers have their main application in the food and beverage industry, the use of the refractometers has risen exponentially in the industry. Even though manufacturing and production had stopped, the pandemic increased demand for packaging and delivering unadulterated food items to the consumers. The market will rise after the pandemic, leading to an unprecedented boom.
LATEST TRENDS
"Innovations to Move Digital Refractometers towards Smart Methods"
Just as AI becomes smarter every day and car makers transform their platforms, digital refractometers will also experience various innovations by introducing innovative features that detect trapped air bubbles or smudges. Along with this, features such as temperature control, accurate positioning, cleaning systems, and others will drive the digital handheld refractometers market growth in the coming days. Several critical industrial players have launched various types of refractometers in the market, increasing market growth.
DIGITAL REFRACTOMETERS MARKET SEGMENTATION
- Request A Free Sample to learn more about this report
-
By Type
Based on the types, the market categorizes into digital handheld refractometers, benchtop refractometers, and inline process refractometers.
The digital refractometer is the leading part of the type segment.
-
By Application
Based on the applications, the market categorizes into food and beverage, chemical & petrochemical, and pharmaceutical sectors.
Food and beverage is the leading part of the application segment.
DRIVING FACTORS
"Improved Technology and Accuracy to Drive Market Demand"
With digital refractometers experiencing higher demand each day, improved technology and accuracy of the refractometers will drive the digital handheld refractometers market demand. Compared with traditional refractometers, these refractometers provide a better reading and resolution. The digital refractometer offers a broad scale, and the digital sensors can give a reading in the Brix unit or the refractive index as per the consumer's requirement or the company.
"Temperature Compensation to Provide Accuracy and Better Results"
In traditional refractometers, a conversion table is required to convert the readings into the accurate measurement of the unit manually. However, digital handheld refractometers provide accurate results, thereby reducing the chances of human error and hassle. A digital refractometer automatically calculates the temperature compensation and converts the current temperature into the final result. A digital refractometer can be controlled at arm's length, thus making it safe, reliable, and accurate. This will drive the digital refractometers market growth.
RESTRAINING FACTORS
"Higher Costs and Larger Samples to Impede Market Growth"
As the production and manufacturing of industries get back on track after two years, these refractometers will become more expensive as the food and packaging industry recovers from the effects of the pandemic. More extensive sample requirements for accurate readings may further increase the costs, thus creating a more financial burden for manufacturing and consuming companies. These factors must be considered before investing a considerable amount by the investors.
DIGITAL REFRACTOMETERS MARKET REGIONAL INSIGHTS
- Request A Free Sample to learn more about this report
"As Technology Improves, North America to Lead Market Share "
North America will lead the digital refractometers market share with a 25% stake, as tech giants are spread out in the region. The demand for increased production of food and beverages in the region has spurred market growth. The demand has increased owing to work-from-home norms in the region, which has increased the consumption of food and beverages. The market in North America will grow in the next two years. Thus, investors must look out for the region.
KEY INDUSTRY PLAYERS
The report analyzes different market players in the industry. The information is published after proper research, analysis of trends, key developments, the introduction of new initiatives, and technological developments and innovations. Other aspects of the report include a study on the companies, regions, automation, technological developments, and the impact of newly emerging industries along with their risks. The facts in the report may be subject to change, given the situation of market players from time to time. North America will lead the industry with the largest share.
List of Market Players Profiled
- Mettler-Toledo (Germany)
- Atago (India)
- KERN & SOHN GmbH (Germany)
- Anton Paar (India)
- Vaisala (K-Patents OY) {Finland}
- Reichert
- SCHMIDT + HAENSCH GmbH & Co. (Germany)
- MISCO (U.K.)
- Kyoto Electronics Manufacturing (Japan)
- Hanna Instruments (U.S.)
- EMC (U.S.)
- Milwaukee Instruments (U.S.)
- Bellingham + Stanley (U.K.)
- ARIANA (India)
- A.KRüSS Optronic (Germany)
- Sper Scientific (U.S.)
- VEE GEE Scientific (U.S.)
INDUSTRY DEVELOPMENT
June 2022: Mettler-Toledo launched its new product inspection systems, which are designed to withstand harsh production environments. This development will drive the shares of the company rapidly. The leading refractometers company has launched several inspection systems, such as X-36 x-ray inspection systems, V31 vision systems, GC metal detectors, and gravity metal detectors which have applications mainly in the food and beverage industry and the packaging industry.
REPORT COVERAGE
The report examines elements that affect the demand and supply and estimates dynamic market forces for the forecast period. The report offers drivers, restraints, the latest trends, and industrial developments. After evaluating financial and technical market factors, the report provides exhaustive PEST and SWOT analysis. The research is subject to alteration if the key players and analysis of market dynamics change. The information is an approximate estimate of the factors mentioned, taken into consideration after thorough research.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In | US$ 205 Million in 2022 |
Market Size Value By | US$ 302.5 Million by 2028 |
Growth Rate | CAGR of 6.7% from 2022 to 2028 |
Forecast Period | 2022 - 2028 |
Base Year | 2021 |
Historical Data Available | Yes |
Segments Covered | Type & Application |
Regional Scope | Global |
Frequently Asked Questions
-
What value is the digital refractometers market expected to touch by 2028?
- The digital refractometers market is expected to touch USD 302.5 million by 2028.
-
What CAGR is the digital refractometers market expected to exhibit by 2028?
- The digital refractometers market is expected to exhibit a CAGR of 6.7% by 2028.
-
Which are the driving factors of the digital refractometers market?
- Temperature Compensation, accuracy, and improved technology are the driving factors of the digital refractometer market.
-
Which are the top companies operating in the digital refractometers market?
- Mettler-Toledo, Atago, KERN & SOHN GmbH, Vaisala (K-Patents OY), Reichert, SCHMIDT + HAENSCH GmbH & Co., MISCO, Kyoto Electronics Manufacturing, Hanna Instruments, EMC, Milwaukee Instruments, Bellingham + Stanley, ARIANA, Sper Scientific, VEE GEE Scientific are the top companies operating in the digital refractometers market.