Global Optical Emission Spectroscopy Industry was valued at USD 591 Million in the year 2018. Global Optical Emission Spectroscopy Industry is further estimated to grow at a CAGR of 6.5% from 2019 to reach USD 922 Million by the year 2025. Asia-Pacific region holds the highest Industry share in 2018 and the Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period. At a country level, developed markets like China with highest population base holds the notable Industry share in 2018 and it is projected to grow at a gradual rate in the coming years.
Segmentation done on the basis of Detector Type includes Hybrid, Solid State Detector and Photomultiplier Tube of which the Solid State Detector segment is expected to hold the highest Industry share during the forecast period. On the other hand, segmentation done on the basis of Industry Vertical include Automotive, Scrap and Recycling, Healthcare and Life Science, Metals and Heavy Machinery, Aerospace & Defense, Power Generation and Food & Beverages Chemicals of which Food & Beverages Chemicals segment is expected to grow at the highest CAGR during the forecast period.
Major market players in Optical Emission Spectroscopy Industry are Hitachi High-Technologies Corporation, Thermo Fisher Scientific Inc., AMETEK Inc., PerkinElmer Inc., Bruker Corporation, Agilent Technologies, Shimadzu Corporation, Skyray Instrument Inc., HORIBA Ltd., Spectro Scientific Inc., and Other 8 more companies detailed information provided in the report. Technological up-gradation cater to changing demand of end users. Similarly, growth strategies such as acquisition & merger were few techniques adopted by most of the top players in the last 5 years.
SWOT analysis of Optical Emission Spectroscopy Industry
Strict safety regulations by government
High initial cost
Rising demand for multi-element analysis
Lack of skilled labor
Optical Emission Spectroscopy Industry Segmentation:
Optical Emission Spectroscopy Industry Overview, By Detector Type
• Solid State Detector
• Photomultiplier Tube
Optical Emission Spectroscopy Industry Overview, By Offering
Optical Emission Spectroscopy Industry Overview, By Source Type
• Inductively Coupled Plasma Optical Emission Spectroscopy
• Arc/Spark Optical Emission Spectroscopy
Optical Emission Spectroscopy Industry Overview, By Form Factor
Optical Emission Spectroscopy Industry Overview, By Industry Vertical
• Scrap and Recycling
• Healthcare and Life Science
• Metals and Heavy Machinery
• Aerospace & Defense
• Power Generation
• Food & Beverages Chemicals
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