In a MarketsandMarkets report titled "Density Meter Market by Implementation Type, Type, Industry, and Region - Global Forecast to 2023", the market for density meters is estimated to be worth $855.0 Million in 2018 and is expected to be valued at $1,041.2 Million by 2023, growing at a CAGR of 4.02% between 2018 and 2023. Driving factors for growth are oil and gas downstream segment and stringent regulations about food quality and food safety.
Process density meter is expected to hold the largest market during 2018-2023
Water & wastewater treatment industry is expected to grow at the highest CAGR owing to stringent norms regarding the discharge of wastewater and popularity of smart water management
APAC is expected to hold the largest market size, in terms of value, owing to increasing industrialization and regulations regarding food quality and safety getting stringent
Major companies in the density-meter market include Emerson (US), Thermo Fisher (US), Endress+Hauser (Switzerland), Yokogawa (Japan), Mettler Toledo (Switzerland), Toshiba (Japan), AMETEK (US), Valmet (Finland), Anton Paar (Austria), Vega Grieshaber (Germany), Berthold Technologies (Germany), Schmidt + Haensch (Germany), ProMtec Theisen (Germany), A.KRUSS Optronic (Germany), Avenisense (France), Rudolph Research Analytical (US), Bopp & Reuther (Germany), Rototherm Group (UK), Integrated Sensing System (US), Sensotech (Germany), Kyoto Electronics (Japan), Lemis Baltic (Latvia), Horiba (Japan), Meidensha Corporation (Japan), Dandong Dongfang Measurement & Control Technology (China), and Ronan Engineering (US).
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