Potentiostat Market to grow by USD 43.58 million between 2023 – 2028; Growing investments in electrochemical research to drive growth – Technavio

NEW YORK, Nov. 16, 2023 /PRNewswire/ — The Potentiostat Market report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the potentiostat market between 2023 and 2028 is USD 43.58 million. The growing investments in electrochemical research drive market growth. Factors such as the availability of significant funding offered by various governmental and non-governmental organizations drive the investments for the research. There is a significant demand to study neurotransmitter behavior, polymerization reaction, biosensor-based research, mineral analysis, and electrochemistry due to the considerable potential of electrochemical research for accurate and precise analysis, which surges investments in electrochemical research globally. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

Market Challenge – The high initial cost of instruments challenges market growth. The high cost can be attributed to the high purchase cost associated with potentiostats. These high costs can increase the cost burden on end-users. For example, the cost of a potentiostat ranges between USD 1,000 and USD 25,000. This is associated with several factors including functionalities, features, quality, number of integrated amplifiers, and sensitivity. Furthermore, potentiostats like CheapStat cost only USD 80 and are purchased by laboratories and academic institutes with limited budgets. Thus, do-it-yourself potentiostats can be constructed by any end-user proficient in understanding and handling circuits.  Learn about additional key drivers, trends, and challenges available with Technavio. Read a Sample PDF Report Now

The potentiostat market is categorized by Type (Bipotentiostat and Polypotentiostat), Application (Environmental, Pharmaceutical, Food testing, and Others), and Geography (North America, Europe, APAC, Middle East and Africa, and South America). 

The potentiostat segment will be significant during the forecast period. Bipotentiostat is witnessing application in various factors due to its flexible capabilities and thus, is projected to continue being the dominant type in the global potentiostat market. Bipotentiostats have a key role in creating cutting-edge fuel cells and batteries in the renewable energy industry and their commercial relevance is further enhanced by their widespread use in advanced materials research. They are able to conduct intricate experiments. This factor paired with the advanced electrochemical testing in research and industry, they are projected to witness growth during the forecast period. 

View a Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the potentiostat market:

AMETEK Inc., BioLogic Sciences Instruments SA, Gamry Instruments, Harvard Bioscience Inc., Ivium Technologies BV, Metrohm AG, PalmSens BV, Stanford Research Systems, Tektronix Inc.

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ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Application

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

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SOURCE Technavio