Electrochemical Instruments Market worth $2,205.9 M by 2019, According to a New Study on ASDReports

Tuesday 26 May 2015, Amsterdam

The report, now available on ASDReports, “Electrochemical Instruments Market by Product (Electrochemical Meters, Titrators, Ion Chromatographs), Technology (Potentiometry, Coulometry, Voltammetry), End User (Environmental Testing, Food & Agriculture) - Analysis & Global Forecast to 2019”, analyzes and studies the major market drivers, restraints, challenges, and opportunities.

This report studies the global electrochemical instruments market for the forecast period of 2014 to 2019. This market is expected to reach $2,205.9 Million by 2019 from $1,713.0 Million in 2014, at a CAGR of 5.2% during the forecast period (2014 to 2019).

The global electrochemical instruments market is segmented on the basis of products, technologies, end users, and regions.

Based on products, the electrochemical instruments market is categorized into electrochemical meters, titrators, ion chromatographs, potentiostats/galvanostats, and others. In 2014, the electrochemical meters segment accounted for a major share of the electrochemical instruments market, by product. On the basis of type, the electrochemical meters market is further segmented into benchtop meters and portable. In 2014, the benchtop meters accounted for the largest share of the electrochemical meters market.

Based on technologies, the electrochemical instruments market is segmented into potentiometry, voltammetry, coulometry, and other technologies. In 2014, potentiometry segment accounted for the largest share of electrochemical instruments marker. Based on end users, the electrochemical instruments market is segmented into environmental testing industry, biotechnology and pharmaceutical industry, food and agriculture industries, academic and research institutes, and others. In 2014, the environmental testing industry segment accounted for the largest share of electrochemical instruments market.

On the basis of regions, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The Rest of the World region comprises Latin America, the Middle East and Africa. In 2014, Europe accounted for the largest share of the electrochemical instruments market, followed by North America, and Asia-Pacific.

Factors driving the growth of this market include growing demand for multi-parameter test instruments, and awareness amongst the people about the safe water consumption. Moreover, emerging Asian markets, rising R&D expenditure of pharmaceutical and biotechnology companies globally, and global alliances amongst leading research institutes to trigger drug discovery to create huge opportunities for this market in coming years. However, factors such as commoditization of electrochemical instruments and declining average selling prices of electrochemical instruments are hindering the growth of this market.

Some of the major players in the global electrochemical instruments market include Hanna Instruments, Inc. (U.S.), Metrohm AG (Switzerland), Xylem Inc. (U.S.), METTLER-TOLEDO International, Inc. (U.S.), DKK TOA Corporation (Japan), Danaher Corporation (U.S.), Endress+Hauser AG (Switzerland), Thermo Fisher Scientific, Inc. (U.S.), Yokogawa Electric Corporation (Japan), and Horiba Ltd. (Japan), among others.