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Over the years, electrochemical instruments have become an integral part of research laboratories across the globe and are routinely employed to monitor processes in biotechnology and pharmaceutical, environmental testing, agriculture and food and academic institutions.In 2014, the electrochemical meters segment accounted for a major share of the electrochemical instruments products market. On the basis of type, the electrochemical meters market is further segmented into benchtop meters and portable meters. In 2014, the benchtop meters accounted for the largest share of the electrochemical meters market; the potentiometry segment accounted for the largest share of the electrochemical instruments market, by technology; and the environmental testing industry segment accounted for the largest share of electrochemical instruments end user market.
In 2014, Europe accounted for the largest share of the electrochemical instruments market, followed by North America, Asia-Pacific, and the Rest of the World (RoW). In the coming years, the electrochemical instruments market is expected to witness the highest growth rate in the Asia-Pacific region, with emphasis on India, China, and Japan. These countries are expected to increase revenues for the manufacturers of electrochemical instruments.
The global electrochemical instruments market witnesses high-competitive intensity as there are several big and many small firms with similar product offerings. These companies adopt various strategies (agreements, partnerships, joint ventures, collaborations, geographical expansions, and acquisitions) to increase their market shares and to establish a strong foothold in the global market.
Reasons To Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn helps the firms, garner a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios offered by the key players in the electrochemical instruments market. The report analyzes the electrochemical instruments market by product, technology, and end users
- Product Development/Innovation: Detailed insights on the upcoming technologies, research and development activities, and new product launches in the electrochemical instruments market
- Market Development: Comprehensive information about the lucrative emerging markets. The report analyzes the markets for various electrochemical instruments technologies across regions
- Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the electrochemical instruments market