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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Optical Emission Spectroscopy Market
Request Now !Optical emission spectroscopy helps determine the elemental compositions of various range of materials. It is mostly adopted by the metal processing industries to study bolts and rods, plates, wires, tubes, and other metallic samples. These optical emission spectroscopy products are usually designed to be suitable for maximum range of applications. Thus, they find their applications in end uses such as scrap & recycling, oil & gas, energy & power, automotive, food & beverages, aerospace & defense, metals & heavy machinery, environmental, and others. Innovations in the electronic systems industry paves way for better and improved optical emission spectroscopy.
The global optical emission spectroscopy market is segmented on the basis of offering, form factor, detector type, excitation source type, end user, and region. Based on offering, the optical emission spectroscopy market is bifurcated into equipment and services. In terms of form factor, the market is categorized into portable and benchtop. On the basis of detector type, the market is divided into photomultiplier tube, solid state detector, and hybrid.Â
In terms of excitation source type, the market is categorized into inductively coupled plasma optical emission spectroscopy, and spark optical emission spectroscopy. On the basis of end user, the market is segregated into infrastructure, oil & gas, energy & power, automotive, food & beverages, aerospace & defense, metals & heavy machinery, environmental, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global optical emission spectroscopy industry include Bruker Dorporation, Spectro Scientific Inc., Hitachi High Technologies Corporation, AMETEK Inc., Skyray Instrument Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, PerkinElmer Inc., HORIBA Ltd., Agilent Technologies, and Others. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.Â
The major drivers which lead to the optical emission spectroscopy market growth are stringent quality control requirements and safety regulations, high technological enhancements, and increase in functionalities technological products. But high cost associated with OES equipment and the lack of skilled employee for handling OES equipment may hinder the market growth. Moreover, rise in demand for multi-element analysis and increasing government funding and research activities are expected to boost the market growth further.
New Product Launches to Flourish the Market
PDA-8000, a new Optical Emission Spectrometer was launched by Shimadzu recently. It consists of discharge energy stabilized excitation unit and high resolution monochromator which helps in high sensitivity quantitative analysis of various solid metals such as copper, iron and steel and others. The installed software enhances maintenance support functionality and instrument monitoring, thereby achieving excellent operability. Moreover, it is also an energy saving model which helps in reducing energy consumption thus boosting the optical emission spectroscopy market growth.
The lab operations can be improved by utilizing advanced laboratory equipment as it is crucial for laboratories. Precise diagnosis of the ailment and its cause are facilitated by using the equipment in the laboratories. Moreover, the research and development projects funded by governments, research centers, private organizations, and others boost the demand for efficient laboratory equipment which has further led to the surge in the usage of optical emission spectroscopy in the pharmaceutical industry.
Key Benefits of the Report
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available For Years | 2019–2027 |
Base Year Considered | 2019 |
Forecast Period | 2020–2027 |
Forecast Units | Value (USD) |
Segments Covered | Offering, Form Factor, Detector Type, Excitation Source Type, End User, and Region |
Regions Covered | North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa) |
Companies Covered | Bruker Dorporation, Spectro Scientific Inc., Hitachi High Technologies Corporation, AMETEK Inc., Skyray Instrument Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, PerkinElmer Inc., HORIBA Ltd., Agilent Technologies, and Others |
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COVID-19 Scenario AnalysisÂ
Optical Emission Spectroscopy Market Key Segments
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Questions Answered in the Optical Emission Spectroscopy Market Research Report
Optical Emission Spectroscopy Market Report Highlights
Aspects | Details |
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Key Market Players | Company1, Company2, Company3, Company4, Company5, Company6, Company7, Company8, Company9, Company10 |
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