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Atomic Absorption Spectrometer Market

Market Insights on Atomic Absorption Spectroscopy covering sales outlook, demand forecast & up-to-date key trends

Atomic Absorption Spectrometer Market by End Use, Application & Region - Forecast 2022 - 2032

Atomic Absorption Spectrometer Market Snapshot 2022 - 2032

According to Future Market Insights, the global Atomic Absorption Spectrometer market is expected to be valued at US$ 6,284.3 Mn by 2022 and will increase at a CAGR of 5.9% from 2022 to 2032.

Market Size 2021A

US$ 5,973.7 Mn

Market Size 2022E

US$ 6,284.3 Mn

Market Size 2032F

US$ 10,433.2 Mn

Value CAGR (2022-2032)

5.9%

A type of volumetric analysis known as atomic absorption spectroscopy used to detect or record a particular light wavelength absorbed by atoms in a neutral state. The strength of absorption increases with atom count and vice versa. Given that its primary function is metal analysis, this instrument is also known as a spectrometer for metal analysis.

Metal concentrations can be analyzed spectrochemically using various spectrometers, such as atomic absorption spectrometers, in medicine, foods, and beverages, biological fluids, and specimens.

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Historic Market Outlook for Atomic Absorption Spectrometer

The market analysis for Atomic Absorption Spectrometer from 2017 to 2021 exhibited a historical growth rate of 2.7% CAGR, as atomic absorption spectrometers are used more frequently in a variety of applications, including environmental analysis, clinical analysis, and many others being the primary factors that has driven the market expansion during 2017 - 2021.

However, according to the most recent FMI analysis, the Atomic Absorption Spectrometer market is expected to grow at a rate of 5.9% between 2022 and 2032. The increasing use of atomic absorption spectrometers by a number of industries, including the biomonitoring, chemical, food, and many others, will be a major factor in the growth of the global atomic absorption spectrometer market.

The need for atomic absorption spectrometers in the markets is anticipated to increase due to the expansion of the pharmaceutical and environmental testing industries, which is primarily driven by the global incidence of various diseases and environmental problems like the ozone layer depletion.

What are the Various Factors Driving the Atomic Absorption Spectrometer Market?

The demand for atomic absorption spectrometers is expected to grow due to the increasing use of these instruments in the chemical and biotechnology industries. This is one of the most important variable influencing the growth of the atomic absorption Spectrometers market throughout the forecast period.

One of the key factors fuelling the expansion of the global atomic absorption spectrometer market is the rising concerns about food safety and environmental preservation, thereby driving the growth of the atomic absorption spectrometers market.

The expanding use of x-ray fluorescence technology in medical research, increased acceptance of atomic absorption spectrometer in the drug development and drug safety process, factors are anticipated to fuel demand for the atomic absorption spectrometer.

Moreover, the market for atomic absorption spectrometers is also expected to increase due to supportive and stringent government regulations related to the drug development process and increased government investments in atomic absorption spectroscopy technology. During the projection period, a surge in demand for highly sensitive, accurate, simple, and quick equipment to measure element concentrations is also projected to boost market growth.

Nikhil Kaitwade
Nikhil Kaitwade
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Which Factors May Hinder the Atomic absorption spectrometer Market Growth?

The atomic absorption spectrometer has the ability to analyze only solution. Also, it is less sensitive compared to graphite furnace, these factors are expected to restrict the global atomic absorption spectrometer market.

The majority of atomic absorption spectroscopy techniques focus more on examining liquids than solids. This is because that the chemical may be studied before it is vaporized. As compared to solids, liquids are significantly simpler to handle, because some solids disintegrate slowly while others do not promote disintegration at all. Furthermore, non-metals cannot be tested using the methods that allow for solid-substance testing. Although the technology is more portable than earlier instruments which is rising its cost and making it unsuitable for widespread lab use.

Which Region hold the prominent share in atomic absorption spectrometer Market?

The global atomic absorption spectrometer market is divided into six major geographic regions based on their economic importance: North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa.

The market is expanding as a result of the significant presence of top manufacturers of atomic absorption spectrometers in nations like the U.S. and Canada. The market in the region is expanding as a result of the expanding pharmaceutical production in the U.S.

Due to significant advancements made by the key players in this area, North America held the largest share of the global market for atomic absorption spectrometers in 2021, followed by Europe and Asia Pacific.

Additionally, the East Asia region is anticipated to experience the largest growth during the projection period of 2022–2032 as a result of the region's incremental demand for atomic absorption spectrometers from the growing petrochemical and agricultural sectors.

Furthermore, the Middle East and Africa, as well as Latin America, are predicted to increase significantly during the forecast projected period.

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Market Competition

Key players operating in the Atomic Absorption Spectrometer are Thermo Fisher Scientific, Analytik Jena AG, Hitachi High-Technologies Corporation, GBC Scientific Equipment Pty Ltd, Agilent Technologies, Rigaku Corporation, Shimadzu Corporation, Aurora Biomed, PerkinElmer, Inc, Bruker Corporation and others.

To build a strong position in the Atomic Absorption Spectrometer market, key market players are boosting production capacity, expanding sales and distribution networks, product differentiation and new product development, and strategic alliances and partnerships.

Scope of the Report

Attribute

Details

Growth Rate

CAGR of 5.9% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2017-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Million, Volume in Units and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • End Use
  • Application
  • Region

Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa

Key Countries Covered

  • US
  • Canada
  • Mexico
  • Brazil
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Benelux
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • ANZ
  • GCC Countries
  • Turkey
  • South Africa
  • North Africa

Key Companies Profiled

  • Thermo Fisher Scientific
  • Analytik Jena AG
  • Hitachi High-Technologies Corporation
  • GBC Scientific Equipment Pty Ltd
  • Agilent Technologies
  • Rigaku Corporation
  • Shimadzu Corporation
  • Aurora Biomed
  • PerkinElmer, Inc
  • Bruker Corporation

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Key Segments Profiled in the Brake Cables Market

By End Use, Atomic Absorption Spectrometer Market is segmented as:

  • Pharmaceutical Industry
  • Mining Industry
  • Petrochemical Industry
  • Agriculture Industry
  • Others

By Application, Atomic Absorption Spectrometer Market is segmented as:

  • Environmental analysis
  • Food and beverages testing
  • Biotechnology
  • Others

By Region, Atomic Absorption Spectrometer Market is segmented as:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

Frequently Asked Questions

In 2021, the value of the Atomic Absorption Spectrometer market reached over US$ 5973.7Mn.

During the forecast period, the Atomic Absorption Spectrometer market is estimated to expand at a CAGR of 5.9% during 2022-2032.

The Atomic Absorption Spectrometer market is projected to reach US$ 10433.2 Mn by the end of 2032.

China is projected to lead the East Asia Atomic Absorption Spectrometer market in the forecast period.

Key players operating in the Atomic Absorption Spectrometer are Thermo Fisher Scientific, Analytik Jena AG, Hitachi High-Technologies Corporation, GBC Scientific Equipment Pty Ltd, Agilent Technologies, Rigaku Corporation, Shimadzu Corporation, Aurora Biomed, PerkinElmer, Inc, Bruker Corporation and others.

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Nikhil Kaitwade
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Atomic Absorption Spectrometer Market