Market Overview:
The global electrochemical devices market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electrochemical meters, titrators, and ion chromatographs in various applications such as environmental testing, food, and agriculture. Additionally, the growing demand for these devices from emerging economies is also contributing to the growth of this market. However, factors such as high cost of these devices and lack of technical expertise are restraining the growth of this market.
Product Definition:
An electrochemical device is a device that uses electric current to produce or control chemical reactions. Electrochemical devices are important in many industries, including the production of chemicals, metals, and energy.
Electrochemical Meters:
Electrochemical meters are used to measure the flow of an electrolyte through an electrochemical cell. It is a two-terminal device that displays the current and voltage in amperes and volts respectively. The meter can be connected to cells, batteries, or other devices for measuring their capacities or currents etc.
Titrators:
Titrators are used in electrochemical devices to determine the endpoint of a chemical reaction. They are also used as an indicator for measuring the concentration of a solution or liquid. The most commonly used method to determine endpoint is by using phenol-water (cresol-water) Titration which is considered as a standard procedure for determining endpoints in analytical chemistry.
Application Insights:
The environmental testing segment dominated the global market in 2017. This is attributed to rising demand for advanced and efficient analytical tools, which are used to test various parameters of water and wastewater treatment processes. The food, agriculture and other segments are also expected to witness significant growth over the forecast period owing to increasing demand for precision tools that help analyze sample materials quickly with high accuracy.
Electrochemical meters are used extensively in the food industry as they offer fast, precise and accurate measurement of electrical properties such as resistivity or conductivity of aqueous solutions at low costs. These devices can measure pH levels, concentrations of dissolved gases (such as oxygen or hydrogen) or analytes (such as salt concentration), which makes them an ideal choice when it comes to measuring process conditions during fermentation processing in cheese-making units or during production lines where quality control is essential for producing high-quality end products with fewer resources.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, such as China, India, and Japan. Increasing population coupled with rising living standards have spurred product demand across these countries. Moreover, government initiatives for infrastructure development are also likely to contribute significantly toward industry growth over the coming years.
North America accounted for a significant share of revenue in 2017 owing to high R&D investments by key companies along with growing environmental testing requirements imposed by regulatory bodies like EPA and OSHA within the region itself or across other regions (i.e., throughout North America).
Growth Factors:
- Increasing demand for energy storage devices: The Electrochemical Devices market is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for energy storage devices, owing to the growing need for uninterrupted power supply and rising concerns about climate change.
- Rising demand from automotive sector: The automotive sector is one of the key end-users of electrochemical devices, and is expected to grow at a CAGR of over 8% during the forecast period. This can be attributed to the increasing adoption of electric vehicles across the globe.
- Growing investments in R&D: The Electrochemical Devices market is witnessing significant investments in R&D by leading players, in order to develop new and innovative products that cater to various applications such as renewable energy storage, grid stabilization, and transportation sectors among others. This is likely to boost growth prospects of this market in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrochemical Devices Market Research Report
By Type
Electrochemical Meters, Titrators, Ion Chromatographs
By Application
Environmental Testing, Food, Agriculture
By Companies
Metrohm AG, Endress+Hauser, Yokogawa Electric Corporation, Thermo Fisher Scientific, Xylem, Shanghai San-Xin Instrumentation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Electrochemical Devices Market Report Segments:
The global Electrochemical Devices market is segmented on the basis of:
Types
Electrochemical Meters, Titrators, Ion Chromatographs
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Environmental Testing, Food, Agriculture
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Metrohm AG
- Endress+Hauser
- Yokogawa Electric Corporation
- Thermo Fisher Scientific
- Xylem
- Shanghai San-Xin Instrumentation
Highlights of The Electrochemical Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electrochemical Meters
- Titrators
- Ion Chromatographs
- By Application:
- Environmental Testing
- Food
- Agriculture
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrochemical Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electrochemical devices are devices that use electricity to produce a chemical reaction.
Some of the key players operating in the electrochemical devices market are Metrohm AG, Endress+Hauser, Yokogawa Electric Corporation, Thermo Fisher Scientific, Xylem, Shanghai San-Xin Instrumentation.
The electrochemical devices market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electrochemical Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electrochemical Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electrochemical Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electrochemical Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electrochemical Devices Market Size & Forecast, 2020-2028
4.5.1 Electrochemical Devices Market Size and Y-o-Y Growth
4.5.2 Electrochemical Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electrochemical Meters
5.2.2 Titrators
5.2.3 Ion Chromatographs
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Environmental Testing
6.2.2 Food
6.2.3 Agriculture
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrochemical Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electrochemical Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electrochemical Meters
9.6.2 Titrators
9.6.3 Ion Chromatographs
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Environmental Testing
9.10.2 Food
9.10.3 Agriculture
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electrochemical Meters
10.6.2 Titrators
10.6.3 Ion Chromatographs
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Environmental Testing
10.10.2 Food
10.10.3 Agriculture
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electrochemical Meters
11.6.2 Titrators
11.6.3 Ion Chromatographs
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Environmental Testing
11.10.2 Food
11.10.3 Agriculture
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electrochemical Meters
12.6.2 Titrators
12.6.3 Ion Chromatographs
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Environmental Testing
12.10.2 Food
12.10.3 Agriculture
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electrochemical Meters
13.6.2 Titrators
13.6.3 Ion Chromatographs
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Environmental Testing
13.10.2 Food
13.10.3 Agriculture
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electrochemical Devices Market: Competitive Dashboard
14.2 Global Electrochemical Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Metrohm AG
14.3.2 Endress+Hauser
14.3.3 Yokogawa Electric Corporation
14.3.4 Thermo Fisher Scientific
14.3.5 Xylem
14.3.6 Shanghai San-Xin Instrumentation
