Skip to main content
Reference Electrode Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Reference Electrode Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Dec 2023 174 Pages SKU: IRTNTR77120

Market Overview at a Glance

$527.13 Mn
Market Opportunity
6.08%
CAGR
5.29
YoY growth 2023-2024(%)

Reference Electrode Market Size 2024-2028

The reference electrode market size is forecast to increase by USD 527.13 million at a CAGR of 6.08% between 2023 and 2028.

  • The market is experiencing significant growth due to the increasing demand for precise electrochemical measurements in various industries. This trend is driven by the need for accurate and reliable data in fields such as pharmaceuticals, food and beverage, and water treatment. Additionally, advancements in materials used to manufacture reference electrodes, such as glass and ceramics, are improving their durability and resistance to corrosion. However, the use of standard hydrogen electrodes poses several challenges, including their susceptibility to fouling and the need for frequent calibration. These issues are prompting market players to explore alternatives, such as solid-state reference electrodes, which offer improved stability and longevity.
  • Overall, the market is expected to grow steadily In the coming years, driven by these market trends and the ongoing quest for more precise and reliable electrochemical measurements.

    • What will be the Size of the Reference Electrode Market During the Forecast Period?

    Reference Electrode Market Size

     Request Free Sample

  • The market encompasses a range of products used to provide a stable and consistent electrical reference in various applications, particularly in electrochemical reactions. These electrodes, including silver-silver chloride, mercury-mercury oxide, and zinc-zinc sulfate, function by establishing a stable electrode potential within an electrolyte solution. Internal element reference electrodes, such as silver-silver chloride, utilize filling solutions like KCl or AgCl to maintaIn the electrode's potential. Aqueous reference electrodes are commonly used in hospitals and diagnostic laboratories for biochemical analysis, while nonaqueous electrolyte solutions find applications in corrosion testing and water quality monitoring. Electrochemical cells employ reference electrodes to measure potential differences between redox systems, with electrolyte solutions playing a crucial role in maintaining the necessary concentrations.
  • The market for reference electrodes continues to grow due to increasing demand for precise and reliable electrochemical measurements in various industries.

    • How is this Reference Electrode Industry segmented and which is the largest segment?

    The reference electrode industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

    • Type
      • Non-aqueous reference electrode
      • Aqueous reference electrode
    • Application
      • ph sensing
      • Corrosion monitoring
      • Environmental sensing
      • Others
    • Geography
      • North America
        • US
      • Europe
        • Germany
        • UK
      • APAC
        • China
        • Japan
      • South America
        • Middle East and Africa

        By Type Insights

        The non-aqueous reference electrode segment is estimated to witness significant growth during the forecast period. Non-aqueous reference electrodes are essential tools in electrochemistry for applications where water is not the primary solvent. These electrodes, which include silver-silver chloride, mercury-mercury oxide, and zinc-zinc sulfate types, operate in non-aqueous environments, such as organic synthesis, battery research, and corrosion studies. In organic synthesis, precise electrochemical measurements are crucial for controlling the process, and non-aqueous reference electrodes enable accurate monitoring. In battery research, these electrodes are used to study the electrochemical properties of batteries in non-aqueous media. Additionally, in corrosion studies conducted in non-aqueous environments, non-aqueous reference electrodes help assess the corrosion rate and mechanism. The biotechnology industry, clinical diagnostics, research activities, and the biopharmaceutical industry also utilize non-aqueous reference electrodes in various applications, including protein crystallization, molecular modeling, and ADMET predictions.

        Furthermore, non-aqueous reference electrodes find applications In the medical industry, automotive sector, portable devices, energy storage applications, and large enterprises, among others. The choice of a reference electrode depends on the specific application, with non-aqueous reference electrodes providing advantages in non-aqueous environments.


        Reference Electrode Market Size

        Get a glance at the market report of various segments Request Free Sample

        The Non-aqueous reference electrode segment was valued at USD 647.00 million in 2018 and showed a gradual increase during the forecast period.

        Regional Analysis

        North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

        Reference Electrode Market Share by Geography

        For more insights on the market size of various regions, Request Free Sample

        The North American market holds a significant position In the global reference electrode industry, driven by the region's robust industrial sector and technological innovation. The US and Canada are key contributors, with the pharmaceutical and biotechnology industries leading the demand for reference electrodes. Precise electrochemical measurements are essential in pharmaceutical research and development (R&D) processes, driving the adoption of reference electrodes. These electrodes ensure the accuracy and reliability of electrochemical data, which is vital for drug development and quality control. The biotechnology industry also utilizes reference electrodes extensively in clinical diagnostics and research activities. In addition, the non-aqueous and aqueous reference electrodes find applications in various industries, including the medical sector, automotive, portable devices, energy storage, and large enterprises.

        The electrode potential in an electrochemical cell relies on the redox system and concentrations of electrolyte solutions, creating a potential difference crucial for various applications in electrochemistry. Key industries, such as water quality testing, corrosion testing, protein crystallization, molecular modeling, ADMET predictions, optimization, and medical devices, depend on reference electrodes for their processes.


        Market Dynamics

        Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

        What are the key market drivers leading to the rise In the adoption of Reference Electrode Industry?

        • Increasing demand for precise electrochemical measurements is the key driver of the market.Reference electrodes are essential instruments in various industries for measuring electrochemical potential differences. In pharmaceuticals, they ensure the accuracy and consistency of electrochemical reactions during drug development, where even small variations can significantly impact product effectiveness and safety. These electrodes function as a stable reference point in electrochemical cells, enabling precise measurements of redox systems and electrolyte solutions. In the biotechnology industry, clinical diagnostics, and the biopharmaceutical sector, reference electrodes are indispensable for biochemical analysis, protein crystallization, and molecular modeling. In hospitals and diagnostic laboratories, they are used in medical devices and tests for determining electrolyte concentrations and potential differences.

          The automotive sector employs reference electrodes for corrosion testing and water quality monitoring, while the energy storage industry relies on them for battery testing and optimization. In the research sector, reference electrodes are utilized in ADMET predictions, optimization, and other scientific applications. Reference electrodes come in various types, including aqueous (silver-silver chloride, mercury-mercury oxide, and zinc-zinc sulfate) and non-aqueous. The former is commonly used in pharmaceutical and clinical applications, while the latter is suitable for non-aqueous environments. These electrodes are available in different body materials, such as glass or plastic, and feature salt bridges or liquid junctions to maintain a stable reference potential.

          Large enterprises in various industries, including healthcare, rely on reference electrodes for their research, development, and production processes. Direct sales channels ensure their easy availability for various applications, from portable devices to energy storage applications.

        What are the market trends shaping the Reference Electrode market?

        • Growing advancements in materials used in reference electrodes is the upcoming market trend.The market is experiencing significant growth due to advancements in materials used In their construction. Nanomaterials, such as carbon nanotubes, graphene, and nanocomposites, are increasingly being utilized In the production of reference electrodes. These materials offer unique properties, including enhanced sensitivity and conductivity, which contribute to improved performance, durability, and versatility. For instance, the larger surface areas enabled by nanomaterials lead to better response to electrochemical reactions and more precise measurements. Applications of reference electrodes span various industries, including biotechnology, clinical diagnostics, the biopharmaceutical industry, and healthcare. In biotechnology, reference electrodes play a crucial role in electrochemical cells, where they maintain a stable potential during the electrochemical reaction.

          In clinical diagnostics, they are essential for measuring electrolyte concentrations and potential differences in liquid junctions. The biopharmaceutical industry relies on reference electrodes for protein crystallization, molecular modeling, and ADMET predictions, while hospitals and diagnostic laboratories use them for water quality testing and corrosion testing. Moreover, the market for reference electrodes extends to the automotive sector, portable devices, energy storage applications, and large enterprises. In the automotive sector, reference electrodes are employed for battery testing and corrosion monitoring. Portable devices, such as glucose meters and pH meters, require miniaturized reference electrodes for accurate measurements. In energy storage applications, reference electrodes are used for monitoring the state of charge and state of health of batteries.

          Lastly, large enterprises rely on reference electrodes for optimization and quality control in various manufacturing processes. Direct sales channels are the primary distribution method for reference electrodes, ensuring a steady supply to customers in various industries. The market for reference electrodes is expected to continue growing as advancements in materials and technology lead to new applications and improved performance.

        What challenges does the Reference Electrode Industry face during its growth?

        • Several issues associated with use of standard hydrogen electrodes is a key challenge affecting the industry growth.The market encompasses various types of electrodes, including silver-silver chloride (Ag-AgCl), mercury-mercury oxide (Hg-HgO), and zinc-zinc sulfate (Zn-ZnSO4), used as references in electrochemical cells. Ag-AgCl electrodes, a popular choice, consist of an internal element of silver and silver chloride separated by a salt bridge filled with potassium chloride (KCl) solution. The electrode potential of a reference electrode is determined by its redox system and the concentrations of ions In the electrolyte solution. In the biotechnology industry, clinical diagnostics, research activities, and the biopharmaceutical sector utilize aqueous reference electrodes for various applications, such as protein crystallization, molecular modeling, ADMET predictions, optimization, and medical research.

          Hospitals and diagnostic laboratories also rely on these electrodes for accurate and reliable measurements. However, standard hydrogen electrodes (SHE) face challenges as reference electrodes due to experimental difficulties in maintaining their hydrogen ion (H+) concentration and the susceptibility of platinum, a crucial component, to impurity absorption. These factors affect the reversibility of the electrochemical reaction and compromise the accuracy and reliability of measurements. Additionally, non-aqueous reference electrodes have gained popularity In the medical industry, the automotive sector, portable devices, energy storage applications, and large enterprises. These electrodes offer advantages in non-aqueous environments and are suitable for corrosion testing, water quality testing, and various industrial applications.

          In conclusion, the market is driven by the diverse applications in various industries, including the medical sector, automotive industry, and research activities. The choice between aqueous and non-aqueous reference electrodes depends on the specific application requirements and experimental conditions.

        Exclusive Customer Landscape

        The reference electrode market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the reference electrode market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

        Reference Electrode Market Share by Geography

         Customer Landscape

        Key Companies & Market Insights

        Companies are implementing various strategies, such as strategic alliances, reference electrode market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.

        AMETEK Inc. - The company provides a range of reference electrodes, including models K0077, K0265, RDE0020, RDE0024, and RDE0022, as well as G0093. These electrodes are essential tools for various electrochemical applications, enabling accurate and reliable measurement of redox potentials. The company's offerings cater to diverse industry requirements, ensuring precise and consistent results. With a focus on quality and innovation, the company continues to expand its portfolio to meet the evolving needs of researchers and scientists.

        The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

        • AMETEK Inc.
        • BAS Inc.
        • Bioanalytical Systems Inc.
        • Endress Hauser Group Services AG
        • F. Hoffmann La Roche Ltd.
        • Gamry Instruments
        • Hach
        • Halma Plc
        • Hanna Instruments Inc.
        • Hitachi Ltd.
        • HORIBA Ltd.
        • IKA Werke GmbH and CO. KG
        • Innovative Instruments Inc.
        • Merck KGaA
        • Metrohm AG
        • Mettler Toledo International Inc.
        • Ossila Ltd.
        • Pine Research Instrumentation Inc.
        • redoxme AB
        • SDI Group plc
        • Thermo Fisher Scientific Inc.
        • Unisense AS
        • World Precision Instruments
        • Wuhan Corrtest Instrument Corp. Ltd.

        Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

        Research Analyst Overview

        The market encompasses a wide range of instruments utilized in various industries for measuring electrochemical potentials. These electrodes play a crucial role in electrochemical cells, which are essential components in numerous applications. The fundamental function of a reference electrode is to provide a stable and reproducible reference potential for the measurement of electrochemical reactions. Two primary types of reference electrodes exist: aqueous and non-aqueous. Aqueous reference electrodes, such as the silver-silver chloride (Ag/AgCl) electrode, employ an internal element with a liquid junction and a salt bridge. The Ag/AgCl electrode is widely used In the biotechnology industry, clinical diagnostics, and research activities due to its stability and compatibility with aqueous solutions.

        On the other hand, non-aqueous reference electrodes are designed for use in non-aqueous media. These electrodes, like the mercury-mercury oxide (Hg/Hg2Cl2) electrode and the zinc-zinc sulfate (Zn/ZnSO4) electrode, are employed in applications where aqueous media are not suitable. Non-aqueous reference electrodes find applications in various industries, including the biopharmaceutical industry, hospitals, diagnostic laboratories, and corrosion testing. The electrode potential of a reference electrode is determined by its redox system, which consists of the reaction between the electrode material and its ions In the electrolyte solution. The potential difference between the working electrode and the reference electrode is measured to determine the electrochemical reaction kinetics.

        Electrochemistry is a critical field that relies on reference electrodes for various applications, such as water quality testing, protein crystallization, molecular modeling, and admet predictions. In the medical industry, reference electrodes are used for optimization In the development of portable devices and energy storage applications. The automotive sector also benefits from reference electrodes in battery testing and corrosion protection. Large enterprises and direct sales channels dominate the market due to their extensive research and development capabilities and extensive distribution networks. The market for reference electrodes is expected to grow as the demand for accurate and reliable electrochemical measurements increases across various industries.

        In conclusion, reference electrodes play a vital role in electrochemical measurements, enabling accurate and reliable data in various industries, including biotechnology, clinical diagnostics, research, biopharmaceuticals, hospitals, diagnostic laboratories, corrosion testing, water quality testing, protein crystallization, molecular modeling, and admet predictions. The market for reference electrodes is diverse and growing, driven by the increasing demand for precise electrochemical measurements in various applications.


        Market Scope

        Report Coverage

        Details

        Page number

        174

        Base year

        2023

        Historic period

        		 2018-2022

        Forecast period

        2024-2028

        Growth momentum & CAGR

        Accelerate at a CAGR of 6.08%

        Market growth 2024-2028

        USD 527.13 million

        Market structure

        Fragmented

        YoY growth 2023-2024(%)

        5.29

        Key countries

        US, China, Japan, Germany, and UK

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

        Request Free Sample

        What are the Key Data Covered in this Reference Electrode Market Research and Growth Report?

        • CAGR of the Reference Electrode industry during the forecast period
        • Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
        • Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
        • Accurate predictions about upcoming growth and trends and changes in consumer behaviour
        • Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
        • Thorough analysis of the market’s competitive landscape and detailed information about companies
        • Comprehensive analysis of factors that will challenge the reference electrode market growth of industry companies

        We can help! Our analysts can customize this reference electrode market research report to meet your requirements.

        Get in touch

         

        Table of Contents not available.

        Research Methodology

        Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

        INFORMATION SOURCES

        Primary sources

        • Manufacturers and suppliers
        • Channel partners
        • Industry experts
        • Strategic decision makers

        Secondary sources

        • Industry journals and periodicals
        • Government data
        • Financial reports of key industry players
        • Historical data
        • Press releases

        DATA ANALYSIS

        Data Synthesis

        • Collation of data
        • Estimation of key figures
        • Analysis of derived insights

        Data Validation

        • Triangulation with data models
        • Reference against proprietary databases
        • Corroboration with industry experts

        REPORT WRITING

        Qualitative

        • Market drivers
        • Market challenges
        • Market trends
        • Five forces analysis

        Quantitative

        • Market size and forecast
        • Market segmentation
        • Geographical insights
        • Competitive landscape

        Interested in this report?

        Get your sample now to see our research methodology and insights!

        Download Now

        Frequently Asked Questions

        Reference Electrode market growth will increase by $ 527.13 mn during 2024-2028.

        The Reference Electrode market is expected to grow at a CAGR of 6.08% during 2024-2028.

        Reference Electrode market is segmented by Type( Non-aqueous reference electrode, Aqueous reference electrode) Application( ph sensing, Corrosion monitoring, Environmental sensing, Others)

        AMETEK Inc., BAS Inc., Bioanalytical Systems Inc., Endress Hauser Group Services AG, F. Hoffmann La Roche Ltd., Gamry Instruments, Hach, Halma Plc, Hanna Instruments Inc., Hitachi Ltd., HORIBA Ltd., IKA Werke GmbH and CO. KG, Innovative Instruments Inc., Merck KGaA, Metrohm AG, Mettler Toledo International Inc., Ossila Ltd., Pine Research Instrumentation Inc., redoxme AB, SDI Group plc, Thermo Fisher Scientific Inc., Unisense AS, World Precision Instruments, Wuhan Corrtest Instrument Corp. Ltd. are a few of the key vendors in the Reference Electrode market.

        North America will register the highest growth rate of 39% among the other regions. Therefore, the Reference Electrode market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

        US, China, Japan, Germany, UK

        • Increasing demand for precise electrochemical measurementsIndustries across the spectrum is the driving factor this market.
        • from pharmaceuticals to petrochemicals is the driving factor this market.
        • rely on accurate electrochemical data to ensure the quality and efficiency of their processes. In pharmaceuticals is the driving factor this market.
        • for instance is the driving factor this market.
        • precise measurements are crucial in drug development is the driving factor this market.
        • where small variations can severely impact the effectiveness and safety of pharmaceutical products. Reference electrodes play a pivotal role in providing a stable reference point for these measurements is the driving factor this market.
        • contributing to the reliability and consistency of results in the pharmaceutical research and development sector. Moreover is the driving factor this market.
        • in the petrochemical industry is the driving factor this market.
        • where corrosion is a persistent concern is the driving factor this market.
        • reference electrodes are essential for monitoring and managing corrosion rates accurately. This is critical in ensuring the integrity of pipelines is the driving factor this market.
        • storage tanks is the driving factor this market.
        • and other infrastructure is the driving factor this market.
        • thereby preventing potential safety hazards and environmental risks. Reference electrodes enable precise measurements of electrochemical corrosion processes is the driving factor this market.
        • allowing for proactive maintenance and cost-effective asset management in the petrochemical sector. In environmental monitoring is the driving factor this market.
        • the demand for precise electrochemical measurements has also increased significantly. Reference electrodes are employed in monitoring water quality is the driving factor this market.
        • analyzing pollutants is the driving factor this market.
        • and assessing the impact of industrial activities on ecosystems. Accurate measurements facilitated by reference electrodes are vital for complying with environmental regulations and implementing effective pollution control measures. As environmental concerns continue to grow globally is the driving factor this market.
        • the need for reliable reference electrodes in monitoring and maintaining ecological balance becomes even more pronounced. Thus is the driving factor this market.
        • the increasing demand for precise electrochemical measurements is expected to drive the growth of the market in focus during the forecast period. is the driving factor this market.

        The Reference Electrode market vendors should focus on grabbing business opportunities from the Non-aqueous reference electrode segment as it accounted for the largest market share in the base year.