Optical Emission Spectroscopy Market

Optical Emission Spectroscopy Market Report – Trends 2019-2027

Optical Emission Spectroscopy market is segmented by component, source of excitation and region from 2019 to 2027.

Published on January 17, 2019

Study Period (2019 - 2029)

Methodology

Introduction

Optical emission spectroscopy is most commonly used in the metallurgy, food, aeronautics & aerospace and pharmaceutical industry verticals. Optical emission spectroscopy facilitates the determination of the elemental compositions of a wide range of materials.

Optical emission spectroscopy is incorporated in metal processing industries to study wires, plates, tubes, bolts and rods, among other metallic samples.

Most equipment and service providers in the optical emission spectroscopy market offer specially designed optical emission spectroscopy products integrated with different specifications and features for a vast range of applications that include medical and automotive applications, among others.

Future Market Insights has segmented the optical emission spectroscopy market by component, source of excitation, vertical and region

Based on the components of optical emission spectroscopy, the global optical emission spectroscopy market is segmented into solutions and services.

High investments made by laboratories for the procurement of efficient optical emission spectroscopy equipment are expected to enable the solution component segment to register a higher growth rate as compared to the growth rate expected from the services segment.

Optical emission spectroscopy solutions are also estimated to hold the largest market share of the global optical emission spectroscopy market during the forecast period.

Based on the source of excitation used for optical emission spectrometry, the global optical emission spectrometry market is segmented into arc/spark optical emission spectroscopy and Inductively Coupled Plasma (ICP) optical emission spectroscopy.

ICP optical emission spectroscopy is estimated to register the highest growth rate during the forecast period, which can be attributed to the new applications of the ICP source of excitation segment in different industry verticals.

However, arc/spark optical emission spectroscopy is estimated to continue to hold a prominent market share of the global optical emission spectroscopy market throughout the forecast period.

Rapid increase in health issues and complications in disease treatments is creating demand for the accurate, reliable and effective testing of tissues, cells and other biological samples

It is crucial for laboratories to improve their lab operations by utilising advanced laboratory equipment. The equipment utilised by laboratories helps facilitate the precise diagnosis of the ailment and its cause.

In addition, research and development projects are funded by governments, private organisations, research centres, national-level laboratories and other industry verticals, such as the pharmaceutical industry.

These heavy investments are boosting the demand for efficient laboratory equipment across different industry verticals as well as laboratories. This macro-economic factor is estimated to propel the global optical emission spectroscopy market.

The manufacturers of optical emission spectroscopy equipment are undertaking constant product and optical emission spectroscopy technology innovations to expand their product portfolio and offer operation-specific products to end-use industry verticals.

Increasing government funding and research activities, driven by the development of large healthcare infrastructural projects across the globe, is also driving the optical emission spectroscopy market

The governments of major economies, such as Germany, the USA, Russia, France, China, India, Japan and the UK, among others, are focused on the development of commercial healthcare facilities and the strengthening of their healthcare infrastructure.

These countries are also striving to invest large portions of their budget to enhance their optical emission spectroscopy research and development.

In addition, to manage the day-to-day operations and challenges of laboratories, several countries and research organisations around the world are now focusing on enhancing and expanding their budgeting process. These factors are expected to boost the adoption of optical emission spectroscopy equipment in the healthcare and medical market.

The optical emission spectroscopy market in Latin America is projected to showcase the highest growth potential

Among all the geographical markets, the optical emission spectroscopy market in Asia Pacific excluding Japan (APEJ) is estimated to hold a prominent share of the global optical emission spectroscopy market by the end of the forecast period.

The high adoption of optical emission spectroscopy equipment for the purpose of process enhancement at metallurgy laboratories is estimated to enable the regional market to record a significant share by the end of the forecast period.

The availability of a wide variety of optical emission spectroscopy equipment and a large number of service providers in North America and Europe is estimated to drive the optical emission spectroscopy market in both these regions.

The optical emission spectroscopy market in Latin America is estimated to register a high growth rate during the forecast period, and is projected to witness the widespread deployment of advanced laboratory and industrial automation-enabling spectroscopy equipment.

Macro-economic factors, such as worldwide laboratory automation industry analysis and the global research & development expenditure of the top 15 countries, are considered in the optical emission spectroscopy market study.

Some of leading market players profiled in the optical emission spectroscopy market study are Agilent Technologies, Inc.; AMETEK, Inc.; Bruker Corp.; Danaher Corp.; Hitachi High-Technologies Corp.; JEOL Ltd.; LECO Corporation; PerkinElmer, Inc.; Rigaku Corporation; Sartorius AG; Stellarnet Inc.; Shimadzu Corp.; Thermo Fisher Scientific Inc.; Waters Corporation and Yokogawa Electric Corporation, among others.

Key Segments

With regards to component, the global optical emission spectroscopy market has been segmented into the following:

Solutions
Services

By source of excitation, the global optical emission spectroscopy market has been segmented into the following:

Arc/Spark Optical Emission Spectroscopy
Inductively Coupled Plasma (ICP) Optical Emission Spectroscopy

In terms of vertical, the global optical emission spectroscopy market has been segmented into the following:

Metallurgy
Food
Aeronautics and Aerospace
Pharmaceutical
Others

Key Regions

North America
- USA
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
APEJ
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of APEJ
Japan
MEA
- GCC Countries
- Israel
- South Africa
- Rest of MEA

Frequently Asked Questions

What is the Growth Outlook for Optical Emission Spectroscopy Market?

The optical emission spectroscopy market is likely to secure a CAGR of 5.0% through 2032.

By 2032, how much can the Optical Emission Spectroscopy Market Grow?

The optical emission spectroscopy market size is estimated to cross USD 1125.32 Million by 2032.

What is the Current Valuation of the Optical Emission Spectroscopy Market?

The optical emission spectroscopy market is likely to record a value of USD 690.85 Million in 2022.

Which Region is likely to Lead the Optical Emission Spectroscopy Market?

Asia Pacific is likely to lead the optical emission spectroscopy market.

Table of Content

1. Global Market - Executive Summary
2. Global Market Overview
3. Global Market Analysis and Forecast 2013 to 2027
4. North America Market Size and Forecast, 2013 to 2027
5. Latin America Market Size and Forecast, 2013 to 2027
6. Europe Market Size and Forecast, 2013 to 2027
7. Japan Market Size and Forecast, 2013 to 2027
8. APEJ (Asia Pacific Excluding Japan) Market Size and Forecast, 2013 to 2027
9. MEA (Middle East & Africa) Market Size and Forecast, 2013 to 2027
10. Competitive Landscape
- 10.1. Agilent Technologies
- 10.2. Thermo Fisher Scientific Inc.
- 10.3. PerkinElmer, Inc.
- 10.4. Bruker Corp.
- 10.5. Hitachi High-Technologies Corp.
- 10.6. Shimadzu Corp.
- 10.7. Danaher Corp.
- 10.8. JEOL Ltd.
- 10.9. Rigaku Corporation
- 10.10. Sartorius AG
- 10.11. Waters Corporation
- 10.12. Yokogawa Electric Corporation
- 10.13. AMETEK, Inc.
- 10.14. LECO Corporation
- 10.15. Stellarnet Inc.
11. Disclaimer

List of Tables

Global Optical Emission Spectroscopy Market Value (US$ Mn), 2013-2018
Global Optical Emission Spectroscopy Market Value (US$ Mn), 2019-2027
Global Optical Emission Spectroscopy Market Value (US$ Mn) and Y-o-Y, 2018-2027
Global Solutions Segment Value (US$ Mn), By Region 2013-2018
Global Solutions Segment Value (US$ Mn), By Region 2019-2027
Global Solutions Segment Market Share, By Region 2013-2018
Global Solutions Segment Market Share, By Region 2019-2027
Global Solutions Segment Y-o-Y, By Region 2018-2027
Global Services Segment Value (US$ Mn), By Region 2013-2018
Global Services Segment Value (US$ Mn), By Region 2019-2027
Global Services Segment Market Share, By Region 2013-2018
Global Services Segment Market Share, By Region 2019-2027
Global Services Segment Y-o-Y, By Region 2018-2027
Global Arc/Spark Optical Emission Spectroscopy Segment Value (US$ Mn), By Region 2013-2018
Global Arc/Spark Optical Emission Spectroscopy Segment Value (US$ Mn), By Region 2019-2027
Global Arc/Spark Optical Emission Spectroscopy Segment Market Share, By Region 2013-2018
Global Arc/Spark Optical Emission Spectroscopy Segment Market Share, By Region 2019-2027
Global Arc/Spark Optical Emission Spectroscopy Segment Y-o-Y, By Region 2018-2027
Global Inductively Coupled Plasma (ICP) Optical Emission Spectroscopy Segment Value (US$ Mn), By Region 2013-2018
Global Inductively Coupled Plasma (ICP) Optical Emission Spectroscopy Segment Value (US$ Mn), By Region 2019-2027
Global Inductively Coupled Plasma (ICP) Optical Emission Spectroscopy Segment Market Share, By Region 2013-2018
Global Inductively Coupled Plasma (ICP) Optical Emission Spectroscopy Segment Market Share, By Region 2019-2027
Global Inductively Coupled Plasma (ICP) Optical Emission Spectroscopy Segment Y-o-Y, By Region 2018-2027
Global Metallurgy Segment Value (US$ Mn), By Region 2013-2018
Global Metallurgy Segment Value (US$ Mn), By Region 2019-2027
Global Metallurgy Segment Market Share, By Region 2013-2018
Global Metallurgy Segment Market Share, By Region 2019-2027
Global Metallurgy Segment Y-o-Y, By Region 2018-2027
Global Food Segment Value (US$ Mn), By Region 2013-2018
Global Food Segment Value (US$ Mn), By Region 2019-2027
Global Food Segment Market Share, By Region 2013-2018
Global Food Segment Market Share, By Region 2019-2027
Global Food Segment Y-o-Y, By Region 2018-2027
Global Aeronautics and Aerospace Segment Value (US$ Mn), By Region 2013-2018
Global Aeronautics and Aerospace Segment Value (US$ Mn), By Region 2019-2027
Global Aeronautics and Aerospace Segment Market Share, By Region 2013-2018
Global Aeronautics and Aerospace Segment Market Share, By Region 2019-2027
Global Aeronautics and Aerospace Segment Y-o-Y, By Region 2018-2027
Global Pharmaceutical Segment Value (US$ Mn), By Region 2013-2018
Global Pharmaceutical Segment Value (US$ Mn), By Region 2019-2027
Global Pharmaceutical Segment Market Share, By Region 2013-2018
Global Pharmaceutical Segment Market Share, By Region 2019-2027
Global Pharmaceutical Segment Y-o-Y, By Region 2018-2027
Global Others Segment Value (US$ Mn), By Region 2013-2018
Global Others Segment Value (US$ Mn), By Region 2019-2027
Global Others Segment Market Share, By Region 2013-2018
Global Others Segment Market Share, By Region 2019-2027
Global Others Segment Y-o-Y, By Region 2018-2027
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2013-2018
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2013-2018
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2019-2027
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2013-2018
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2013-2018
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2019-2027
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2013-2018
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2013-2018
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2019-2027
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2013-2018
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2013-2018
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2019-2027
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2013-2018
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2013-2018
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2019-2027
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2013-2018
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027

List of Figures

Global Optical Emission Spectroscopy Market Value (US$ Mn), 2013-2018
Global Optical Emission Spectroscopy Market Value (US$ Mn) Forecast, 2019-2027
Global Optical Emission Spectroscopy Market Value (US$ Mn) and Y-o-Y, 2018-2027
Global Solutions Segment Market Value (US$ Mn) By Region, 2013-2018
Global Solutions Segment Market Value (US$ Mn) By Region, 2019-2027
Global Solutions Segment Y-o-Y Growth Rate, By Region, 2018-2027
Global Services Segment Market Value (US$ Mn) By Region, 2013-2018
Global Services Segment Market Value (US$ Mn) By Region, 2019-2027
Global Services Segment Y-o-Y Growth Rate, By Region, 2018-2027
Global Arc/Spark Optical Emission Spectroscopy Segment Market Value (US$ Mn) By Region, 2013-2018
Global Arc/Spark Optical Emission Spectroscopy Segment Market Value (US$ Mn) By Region, 2019-2027
Global Arc/Spark Optical Emission Spectroscopy Segment Y-o-Y Growth Rate, By Region, 2018-2027
Global Inductively Coupled Plasma (ICP) Optical Emission Spectroscopy Segment Market Value (US$ Mn) By Region, 2013-2018
Global Inductively Coupled Plasma (ICP) Optical Emission Spectroscopy Segment Market Value (US$ Mn) By Region, 2019-2027
Global Inductively Coupled Plasma (ICP) Optical Emission Spectroscopy Segment Y-o-Y Growth Rate, By Region, 2018-2027
Global Metallurgy Segment Market Value (US$ Mn) By Region, 2013-2018
Global Metallurgy Segment Market Value (US$ Mn) By Region, 2019-2027
Global Metallurgy Segment Y-o-Y Growth Rate, By Region, 2018-2027
Global Food Segment Market Value (US$ Mn) By Region, 2013-2018
Global Food Segment Market Value (US$ Mn) By Region, 2019-2027
Global Food Segment Y-o-Y Growth Rate, By Region, 2018-2027
Global Aeronautics and Aerospace Segment Market Value (US$ Mn) By Region, 2013-2018
Global Aeronautics and Aerospace Segment Market Value (US$ Mn) By Region, 2019-2027
Global Aeronautics and Aerospace Segment Y-o-Y Growth Rate, By Region, 2018-2027
Global Pharmaceutical Segment Market Value (US$ Mn) By Region, 2013-2018
Global Pharmaceutical Segment Market Value (US$ Mn) By Region, 2019-2027
Global Pharmaceutical Segment Y-o-Y Growth Rate, By Region, 2018-2027
Global Others Segment Market Value (US$ Mn) By Region, 2013-2018
Global Others Segment Market Value (US$ Mn) By Region, 2019-2027
Global Others Segment Y-o-Y Growth Rate, By Region, 2018-2027
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2013-2018
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2013-2018
North America Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2019-2027
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2013-2018
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2013-2018
Latin America Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2019-2027
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2013-2018
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2013-2018
Europe Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2019-2027
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2013-2018
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2013-2018
Japan Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2019-2027
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2013-2018
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2013-2018
APEJ Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2019-2027
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2013-2018
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Country 2019-2027
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2013-2018
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Component 2019-2027
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2013-2018
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Source of Excitation 2019-2027
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2013-2018
MEA Optical Emission Spectroscopy Market Value (US$ Mn), By Vertical 2019-2027