Gold Purity Tester Market Overview
Gold purity testers are scientific devices used to measure the purity of gold with X-rays. Gold purity testers are highly precise and accurate instruments. It determines the gold concentration and various elements present in the gold jewelry, gold bars, gold coins, gold plating, gold alloys, and scrap gold. Moreover, gold purity testers can determine the concentration and presence of different metals such as palladium, platinum, k-platinum, gold, and k-gold.
Gold is considered as an extremely valuable metal, even among other precious metals. Thus, it is necessary to measure the purity of gold with high precision and accuracy. Furthermore, gold is bended and mixed with various metals to obtain multiple varieties of metal and craft different types of jewellery.
Global Gold Purity Tester Market: Dynamics
Increasing Demand for Portable Gold Purity Testers in Jewelry Shops Boosting the Market
Several key factors are fuelling the growth of the gold purity tester market. One of the prominent factors that are driving the market is that the gold purity tester can check any size or shape of the sample, for example, metal and jewellery. Gold purity testers are used on a large scale by manufacturers of jewelry and jewelry retailers. Along with that, gold purity testers can quickly detect the particular content of the gold in jewelry, which further aids their adoption.
Manufacturers of gold purity testers are focusing on developing technologically advanced gold purity testers for quick and precise results. They are also focusing on developing portable and lightweight gold purity testers for ease of use and analysis. These prominent factors are significantly contributing to the growth of the gold purity tester market across the globe at a substantial CAGR during the forecast period.
- In April 2019, SPECTRO Analytical Instruments, one of the prominent manufacturers of XRF analyzers, introduced SPECTROCUBE ED-XRF analyzer for precious metal testing. The company has developed technologically advanced analyzers for testing the purity of precious metals for hallmarking and assay offices, testing centers, and jewelry makers.
Global Gold Purity Tester Market: Competition Landscape
Some of the prominent players in the global gold purity tester market are Thermo Fisher Scientific Inc., Bruker, PCE Deutschland GmbH, OLYMPUS Corporation, and Proceq Group.
Global Gold Purity Tester Market: Regional Overview
Based on geography, the global gold purity tester market is estimated to witness remarkable growth throughout the forecast period. The global gold purity tester market is segmented into seven prominent regions: North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa. North America is anticipated to capture significant market value share of the gold purity tester market.
Countries in North America, such as the United States, and Canada, have a substantial production of precious metals, such as platinum, gold, silver, and palladium. Moreover, European countries such as, Russia, holds a significant share in the gold purity tester market due to the increasing production of gold in the country.
The demand for gold purity testers is growing in Middle East & African countries, such as Saudi Arabia, South Africa, Kuwait, and other gulf countries, owing to the increase in the manufacturing of gold ornaments and jewelries in the region. These factors are propelling the growth of the gold purity tester market across the globe at a substantial CAGR during the forecast period.
The gold purity tester market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with the market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers an exhaustive analysis on
- Gold Purity Tester Market Segments
- Gold Purity Tester Market Dynamics
- Gold Purity Tester Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
- CIS & Russia
- Asia Pacific Excluding Japan ( Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)
Global Gold Purity Tester Market: Segmentation
The global gold purity tester market has been segmented on the basis of equipment type, portability, and end-use industries
The global market is segmented on the basis of equipment type:
- XRF Analyzers
- Conductivity Measuring Set
- Ultrasonic Velocity Set
The global market is segmented on the basis of portability::
The global market is segmented on the basis of end-use industries:
- Jewelry Showrooms Metal Analysis
- Gold Manufactures
- Mining & Exploration
- Export Units
- Jewelry Loans Departments