The global electrochemistry meters market size is expected to reach USD 246.7 Million in 2022 and exhibit growth at a CAGR of 10.2% in the forecast period (2022 to 2032).
Increasing investments by key players in research and development activities to come up with novel pharmaceutical and biotechnological solutions are likely to augment sales of electrochemistry meters in future.
As per FMI, the global electrochemistry meters’ market is set to be valued at USD 691.3 Million in 2032. Surging demand for multiparameter test instruments and urgent need for high productivity in laboratories are estimated to spur growth in the global market.
| Report Attribute | Details |
|---|---|
| Electrochemistry Meters Market Estimated Base Year Value (2021) | USD 237.1 Million |
| Electrochemistry Meters Market Expected Market Value (2022) | USD 246.7 Million |
| Electrochemistry Meters Market Anticipated Forecast Value (2032) | USD 691.3 Million |
| Electrochemistry Meters Market Projected Growth Rate (2022 to 2032) | 10.2% CAGR |
Electrochemistry meters include portable or benchtop instruments, as well as electrodes that are used to measure various parameters in solutions and water. These are mainly utilized to measure ion-specific testing, temperature, ORP, pH, dissolved oxygen/BOD, resistivity, and conductivity.
Ongoing developments in the field of electrochemistry owing to surging government investments in research activities worldwide are expected to bolster the demand for electrochemistry meters in the upcoming years.
Increasing number of academic institutions in both developed and developing countries is another vital factor that is likely to propel growth. Surging awareness among people regarding safe water consumption, especially in emerging economies is also projected to aid growth.
Besides, global alliances among reputed research institutes to accelerate novel drug discovery are anticipated to open new growth opportunities for key players in the market. Increasing usage of electrochemistry meters to monitor numerous crucial processes in environmental testing, academic institutions, and agricultural sectors is another factor that would push sales.
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The emergence of portable electrochemistry meters that are capable of lowering the equipment amount by showcasing multiple parameters in an individual display unit is set to boost growth. Portable meters can save the time required to transfer electrodes from one meter to another.
Industrial fields, such as scientific research, water quality checking, biological agriculture, environmental protection, and disease control are expected to witness high demand for the measurement of numerous parameters.
Increasing occurrence of chemical contamination of water with the inclusion of nitrogen, salts, pesticides, and metals is anticipated to foster the electrochemistry meters market growth in the evaluation period. Increasing need for safe water production among several water treatment companies for providing clean drinking water to the populace globally is another crucial factor that is expected to fuel growth.
Declining average selling prices of electrochemistry meters may hamper the market in future years. In addition to that, commoditization of electrochemistry instruments is projected to obstruct their sales in the forecast period.
However, increasing deployment of complex and new projects on the water industry and power plants is expected to necessitate the requirement of continuous monitoring of plants. It is further set to open doors to new growth opportunities for key players and propel sales of electrochemistry meters.
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In terms of region, North America is anticipated to generate the largest electrochemistry meters market share in the forthcoming decade. Development in pharmaceutical and biotechnology industries, especially in the USA and Canada is expected to bolster the growth.
Increasing government support in terms of funding to trigger research work is another significant factor that would contribute to the market growth. Further, surging adoption of pH meters owing to increasing water pollution is likely to fuel growth.
Rapid industrialization and urbanization are leading to the excessive release of wastewater into water bodies by various factories, which would push growth. Increasing prevalence of diseases associated with the consumption of contaminated water is thus compelling key players to develop new pH meters across North America.
Increasing cases of water-borne diseases in developing countries, such as India and China are likely to propel the demand for electrochemistry meters across Asia Pacific. As per the India Water Portal, approximately 37.7 million people living in the country are affected by water-borne diseases every year.
Also, nearly 1.5 million children die because of diarrhea and about 73 million working days are lost due to the disease. These numbers are projected to increase in future years, thereby propelling the Asia Pacific market.
Moreover, contamination of rural piped supplies and groundwater backed by improper sanitation and hygiene is projected to drive the regional market. Fecal contamination is the most prevalent in low- and middle-income countries across Asia Pacific. Thus, key manufacturers are striving to introduce state-of-the-art pH meters to prevent waterborne diseases, which would aid growth.
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Some of the leading players operating in the global electrochemistry meters market include METTLER-TOLEDO International, Inc., Metrohm AG, Yokogawa Electric Corporation, Xylem Inc., Thermo Fisher Scientific, Inc., HANNA Instruments, Inc., Horiba Ltd., Danaher Corporation, DKK TOA Corporation, and Endress+Hauser AG among others.
Leading companies in the market are increasingly focusing on developing cutting-edge products to attract more customers and gain a competitive edge. They are also engaging in collaborations and partnerships with local firms to co-develop novel products and expand their geographic presence. A few other start-up companies are aiming to improve their portfolios by signing agreements with international players.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 10.2% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
Product Type, Technology Type, End-use Industry, Region |
| Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled |
METTLER-TOLEDO International, Inc.; Metrohm AG; Yokogawa Electric Corporation; Xylem Inc.; Thermo Fisher Scientific, Inc.; HANNA Instruments, Inc.; Horiba Ltd.; Danaher Corporation; DKK TOA Corporation; Endress+Hauser AG |
| Customization | Available Upon Request |
The global electrochemistry meters market is set to surpass USD 691.3 Million in 2032.
North America is set to lead the electrochemistry meters market in the forecast period.
METTLER-TOLEDO International, Inc., Metrohm AG, Yokogawa Electric Corporation, Xylem Inc., and Thermo Fisher Scientific, Inc. are some of the renowned companies in the electrochemistry meters market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Electrochemistry Meters Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Electrochemistry Meters Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. pH and ORP Meter 5.2. Conductivity Meter 5.3. Ion Concentration Meter 5.4. Dissolved Oxygen Meter 5.5. Potentiometric Titrators 5.6. Pocket Testers 6. Global Electrochemistry Meters Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology Type 6.1. Voltammetry 6.2. Potentiometry 6.3. Coulometry 6.4. Other Technology Types 7. Global Electrochemistry Meters Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use Industry 7.1. Environmental Testing 7.2. Food and Agriculture 7.3. Biotechnology and Pharmaceutical 7.4. Academic Research Institutes 7.5. Others 8. Global Electrochemistry Meters Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia & Pacific 8.6. MEA 9. North America Electrochemistry Meters Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Electrochemistry Meters Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Electrochemistry Meters Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. East Asia Electrochemistry Meters Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. South Asia & Pacific Electrochemistry Meters Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. MEA Electrochemistry Meters Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Key Countries Electrochemistry Meters Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Metrohm AG 17.2. HANNA Instruments, Inc. 17.3. Xylem Inc. 17.4. DKK TOA Corporation 17.5. METTLER-TOLEDO International, Inc. 17.6. Danaher Corporation 17.7. Thermo Fisher Scientific, Inc. 17.9. Yokogawa Electric Corporation 17.10. Horiba Ltd. 18. Assumptions & Acronyms Used 19. Research Methodology
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Electrochemistry Meters Market
