Stability Test Chambers Market Trends

Growth Drivers

• Rising Chemical Sector – A stability test chamber is used to evaluate the toughness, stability, and usefulness of chemicals.Over USD 4 trillion in sales were generated by the chemical sector worldwide in 2021.
• Growing Need for Consumer Electronics- Consumer electronics items could be tested in environmental test chambers to see if they meet regulatory requirements including RoHS, REACH, and WEEE, to ensure that they are safe and ecologically friendly.The global user penetration of consumer electronics is anticipated to be over 30% in 2023 and to reach nearly 41% by 2027.
• Spiking Sales of Electric Vehicles- Stability test chambers are used to asses vehicle operability, and material characteristics and test the batteries of any size to several conditions including heat, cold, corrosion, and vibrations. In 2022, more than 10 million electric cars were sold across the globe.
• Rising Drug Development- Stability studies are often used by pharmaceutical industries as it is an important phase in the development of new medications as well as new formulations.

Challenges

• High Cost of Equipment – Stability test chambers require high-quality advanced components that can withstand extreme conditions to provide precise environmental conditions which can be costly. Besides this, the price of these testing chambers depends on the specific requirements of several industries according to which the test chamber is customized which can add to the overall cost.
• Stringent Rules & Regulations Requirements in Industries including Pharmaceutical, and Food & Beverages.Environmental Concerns Owing to Usage of Refrigerants