The density meter market is estimated to be worth USD 855.0 Million in 2018 and is expected to reach USD 1,041.2 Million by 2023, at a CAGR of 4.02% between 2018 and 2023.

The growth of this market is propelled by oil & gas downstream segment and stringent regulations with regard to food quality and food safety.

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The market for optical density meter is expected to hold the largest market by 2023. An optical density meter includes devices such as refractometers, suspended solid analyzers, and optical consistency transmitters.

Optical density meters are used in food & beverages and chemicals industries. Products such as suspended solid analyzers and concentration meters are widely used to measure suspended solids, both in municipal and industrial environments.

The market for the water and wastewater treatment industry is expected to grow at the highest CAGR during the forecast period. Suspended solid/sludge density analyzers, ultrasonic concentration meters, and microwave density meters are mainly used in the water and wastewater treatment industry. Norms regarding the discharge of the wastewater are getting stringent, and awareness about water safety is increasing. Also, the popularity of the smart water management is increasing. All these factors are expected to drive the growth of the density meter market for the water and wastewater treatment industry.

The market in APAC is expected to hold the largest share by 2023. The region has high potential for density meters. APAC, having highest populated countries such as China and India, is one of the largest consumers of the oil. India is offering more opportunities for the process automation industry with its political and global reformation. Water and wastewater, food & beverages, and chemicals industries in APAC are expected to drive the growth of the density meter market in the region.

Density meters are available based on different measuring technologies. The most accurate density meters are based on radiation technology, but these are also among the costliest in the market due to radiation compliance and radioactive isotopes.

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