SAN FRANCISCO, October 7, 2021 / PRNewswire / – A new market study released by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Electrochemical Instruments – Global Market Trajectory & Analytics”. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE
Editing: 9; Posted: April 2021
Executive pool: 1339
Companies: 41 – Players covered include Danaher Corporation; Dkk-Toa Company; Endress + Hauser AG; Hanna Instruments, Inc .; Horiba Ltd. ; Metrohm SA; Mettler-Toledo International, Inc .; Thermo Fisher Scientific, Inc .; Xylem, Inc .; Yokogawa Electric Corporation and others.
Blanket: All major geographies and key segments
Segments: End use (environmental testing, biotechnology and pharmaceutical companies, food industries, other end uses); Product (electrochemical counters, titrators, ion chromatographs, other products)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Electrochemical Instruments Market To Reach $ 2.6 billion by 2026
In the midst of the COVID-19 crisis, the global electrochemical instruments market is estimated to be US $ 2.1 billion in 2020, is expected to reach a revised size of 2.6 billion US dollars by 2026, with a CAGR of 3.7% over the analysis period. Electrochemical meters, one of the segments analyzed in the report, is expected to register a CAGR of 4.3% and reach US $ 1.2 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the titrator segment is readjusted to a revised CAGR of 3.5% for the next 7 year period.
The US market is estimated at $ 590.8 million in 2021, when China is expected to reach $ 546.6 million by 2026
The market for electrochemical instruments in the United States is estimated at US $ 590.8 million in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 546.6 million by 2026, with a CAGR of 6.7% over the analysis period. Other notable geographic markets include Japan and Canada, each forecasts growth of 1.1% and 2.8% respectively over the period of analysis. In Europe, Germany is expected to grow at around 1.8% CAGR.
Segment of ion chromatographs to be reached US $ 428.3 million by 2026
In the global ion chromatograph segment, United States, Canada, Japan, China and Europe will lead to the estimated 2.6% CAGR for this segment. These regional markets representing a combined market size of US $ 269.6 million in 2020 will reach a projected size of 322 million US dollars before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following
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Global Industry Analysts, Inc.
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SOURCE Global Industry Analysts, Inc.