I am trying to list the advantages and demerits of two different measurement techniques under which cost would be something I am interested in among others. Thank you.
The cost is somewhat of a function of the energy/pulse.
If your purchase is associated with the University, usually you are eligible for a discount. For my Quantel 200 mJ/pulse Nd:YAG bought about 5 years ago now, the cost was somewhere around $42,000. From what I understand the prices haven't changed that much over the past few years.
Depending on your pulse energy and repetition rate and packaging (i.e. size, etc.), the price could have a wide range. For a low end product of 50 mJ/pulse and 10 Hz, it would cost around $30K. For high-end product such as Photronics 60 mJ/pulse and 2K Hz repetition rate, or Spectra Physics 400 mJ/pulse laser, the price could reach to $100K or above.
The systems I mentioned are double pulsed and designed specifically for PIV applications. There are two typical double pulsing schemes, i.e., two laser heads and double Q-switching. But nowadays, PIV people usually use frame straddling to achieve the same effect of double pulsing, which can significantly reduce the cost of doing PIV.