The global Total Dissolved Solids (TDS) meter market, valued at USD 1.5 billion in 2018, is projected to grow at a rate of 5.9% annually in 2019, driven by increasing use in water purification, wastewater management, and hydroponics. TDS meters are widely adopted by government entities, industrial sectors, the aquaculture industry, and environmental research, and they’re increasingly used in pools, spas, homes, and hospitality sectors for water quality testing.
Growing concerns over water conservation and safe water standards are further fueling market growth, with governments investing in wastewater treatment and new water policies to address rapid urbanization. The versatility of TDS meters in assessing various water attributes continues to boost their demand in wastewater treatment applications.
Governments of Emerging Regions to Extend Efforts in Line with “Safe Drinking Water Act”, Fostering TDS Meter Demand
While TDS meter demand will remain concentrated in the industrial sector of developed regional markets, potable water will remain the target area for TDS meter manufacturers within developing regions.
The TDS meter market in APEJ is projected to have a considerable share in the global TDS meter market. Governments are augmenting their investments to meet safe-water standards and comply with water policies, translating into higher demand growth in TDS meter within the APEJ’s market.
On other hand, MEA’s TDS meter market is also expected to grow significantly through 2027. In the backdrop of presence of the smallest portion of population with safe access to potable water within the region, WHO has released strict guidelines pertaining to the availability of safe potable water for people in MEA. FMI’s study has cited this as an important factor pushing sales of TDS meters within the regional market. Governments in the MEA region are also focusing on improving the quality of water, which is another factor driving the TDS meter market in the region.
Competitive Analysis of the TDS Meter Market
The global TDS meter market is witnessing steady growth, with key players focusing on strategic activities like product innovation, acquisitions, and regional expansion to secure competitive advantages. Rapid urbanization and industrialization, especially in regions like APEJ, are creating significant demand for water quality testing. This growth is encouraging companies to innovate TDS meter technology to meet stringent water quality standards and fulfill diverse application requirements across industrial, municipal, and residential sectors.
Key Competitive Strategies
- Product Innovation and Upgrades: Manufacturers are continuously improving TDS meters by integrating advanced features, such as enhanced sensitivity, real-time data processing, and user-friendly interfaces, to meet the evolving needs of end users. Innovations targeting accuracy, usability, and versatility are particularly valued in sectors such as wastewater treatment and environmental monitoring.
- Acquisitions and Mergers: Major companies are acquiring smaller firms to enhance their technological capabilities and expand their product lines. For instance, Geotech Environmental Equipment’s acquisition of Hi-Tec Plastics Inc. allowed the company to strengthen its production capabilities and cater to a broader customer base. These mergers and acquisitions also help manufacturers penetrate new regional markets and improve their competitive positioning.
- Regional Expansion and Partnerships: Companies are focusing on expanding their footprint in high-growth regions, such as Asia-Pacific (excluding Japan) and North America. Collaborations with local players and compliance with regional regulatory standards are aiding market penetration, especially in government-driven projects and industrial applications.
Top Key Players in the TDS Meter Market
- Thermo Fisher Scientific, Inc.
A leading provider of precision measurement devices, Thermo Fisher offers a range of TDS meters tailored to laboratory and field testing, bolstering their strong presence in the environmental and healthcare sectors. - Hanna Instruments, Inc.
Known for its focus on user-friendly and reliable water quality testing equipment, Hanna Instruments is a prominent player offering a broad portfolio of TDS meters that cater to industrial, commercial, and environmental applications. - Geotech Environmental Equipment, Inc.
Geotech has a strong foothold in the U.S. market, with its recent acquisition of Hi-Tec Plastics, enhancing its production capabilities and market reach in water quality and environmental monitoring. - Omega Engineering Inc.
Specializing in a diverse range of measurement instruments, Omega Engineering offers TDS meters that are popular in industrial applications, providing durable and accurate solutions for continuous monitoring needs. - Horiba, Ltd.
Horiba’s expertise in environmental and scientific instruments positions it well in the TDS meter market. The company’s products are used extensively in environmental monitoring and research, focusing on high accuracy and compliance with regulatory standards. - Myron L Company
Renowned for its portable and handheld TDS meters, Myron L Company targets various sectors, including agriculture, water treatment, and industrial manufacturing, with a strong emphasis on quality and ease of use.
These key players are anticipated to benefit from the rising demand for TDS meters across diverse sectors, leveraging innovations and strategic expansion to strengthen their market positions during the forecast period.
Key Segment
On the basis of product type
- pen type TDS meter
- portable TDS meter
- benchtop TDS meter
On the basis of test range
- auto range
- low range (<2000ppm)
- high range (>2000ppm)
On the basis of end use
- governmental (municipal bodies)
- agriculture
- industrial
- environmental sciences
- aquariums
- others
Report Preview: https://www.futuremarketinsights.com/reports/tds-meter-market
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