Handheld Xrf Analyzers Market

Handheld XRF Analyzers Market 2018-2028: High Adoption in Mining Industry to Boost Growth

Handheld XRF analyzers, commonly known as X-ray fluorescent analyzers, use a non-destructive analytical technique, to determine the elemental composition of a material. Non-destructive techniques are commonly preferred by end users as the sample is not altered while testing. Newly-upgraded handheld XRF analyzers have the capability to identify samples that are difficult to identify or samples that are out of compliance.

Attributing to the high investments in research and development and high demand for the discovery of new metals around the globe, manufacturers are focusing on launching handheld XRF analyzers with upgraded features, which are helpful in precisely determining the chemical composition of a material. Handheld XRF analyzers are also used to verify the presence of new metals. There is massive demand for handheld XRF analyzers in industries such as agriculture and mining, which drives the growth of the handheld XRF analyzers market.

Handheld XRF Analyzers Market: Dynamics

Drivers

Various manufacturers have been focusing on introducing portable and lightweight XRF analyzers. For example, Brukers, a prominent manufacturer of handheld XRF analyzers, has launched a portable, lightweight and battery-operated handheld XRF analyzers. Portable handheld XRF analyzers are helpful in cases where the test specimen is large and heavy or is required to be analyzed in-situ. In these cases, researchers can take the battery-operated handheld XRF analyzers to the sample rather than bringing the sample into the laboratory.

Handheld XRF analyzers are also helpful in the quick analysis of a metal. Attributing to the stringent regulations related to element identification, it is crucial for manufacturers to remain compliant, which ultimately drives the demand for handheld XRF analyzers and the growth of the market.

Also, end users in mining industry are focusing on providing the accurate results while testing the composition of metal which ultimately drives the growth of the market. There is also high demand for iron and steel in various end use industries across the globe which ultimately boosts the adoption of handheld XRF analyzers in the market.

Challenges

A key restraint hindering the growth of the handheld XRF analyzers market is the fact that relative humidity and surrounding temperature can affect the readings of handheld XRF analyzers. Varying geometry and density of the samples may also affect the readings on handheld XRF analyzers. Some samples are made of organic materials with varied shapes, thicknesses and surface features and these variables can affect the readings and, in turn, result in errors in the assessment. Along with that, for taking scientific readings of handheld XRF analyzers professional personal is required.

Handheld XRF Analyzers Market: Segmentation

The handheld XRF analyzers market can be segmented on the basis of data test, end user, modularity and region.

Segmentation on the basis of data test:

  • Qualitative Data
  • Quantitative Data
  • Semi-Quantitative Data

Segmentation on the basis of industry/end use:

  • Environmental Science
  • Mining industries
  • Research and Academics
  • Archaeometry

Segmentation on the basis of modularity:

  • Stationary analyzers
  • Portable analyzers

Handheld XRF Analyzers Market: Competition Landscape

Prominent players in the handheld XRF analyzers are OLYMPUS Corporation, Hitachi High-Technologies Corporation, Thermo Scientific Nitcon, Spectro Analytical Instruments, Bruker, and The Vanta, Oxford Instruments and Spectro Analytical Instruments.

Manufacturers operating in the handheld XRF analyzers market are focusing on launching products for specific applications such as metal identification. Also, they are investing on the development of easy-to-use equipment that require operators with limited technical training.

Handheld XRF Analyzers Market: Regional Overview

In Asia Pacific, China, Australia, and India are expected to capture a relatively high share in the handheld XRF analyzers market in terms of revenue. North America is expected to witness high share in the global handheld XRF analyzers market, due to the increasing number of government investments in research and development. The handheld XRF analyzers market in MEA is also expected to grow at a significant CAGR, owing to the various initiatives being taken by governments towards research activities in the fields of science and related industries.

The 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 in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on:

  • Handheld XRF analyzers Market Segments
  • Handheld XRF analyzers Market Dynamics
  • Handheld XRF analyzers Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved
  • Technology
  • Value Chain
  • 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
  • Japan
  • 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)

Report Highlights:

  • Detailed overview of Handheld XRF analyzers parent market
  • Changing market dynamics in the industry
  • In-depth Handheld XRF analyzers market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape of Handheld XRF analyzers
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on Handheld XRF analyzers market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.