Optical Emission Spectroscopy Market

Optical Emission Spectroscopy Market: Continuous Investments and Technological Advancements in Laboratory Services and Equipment Driving Growth: Global Industry Analysis 2013 - 2018 and Opportunity Assessment 2019 - 2027

  • 2019-01-17
  • REP-GB-7313
  • 140 pages
  • PDF PPT EXCEL
 Optical Emission Spectroscopy Market

An Incisive, In-depth Analysis on the Optical Emission Spectroscopy Market

This study offers a comprehensive, 360 degree analysis on the Optical Emission Spectroscopy market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Optical Emission Spectroscopy market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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 U.S., 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.

Report Synopsis

Future Market Insights offers an 8-year forecast of the global optical emission spectroscopy market for the period 2019 to 2027. With respect to the overall market value, the global optical emission spectroscopy market is estimated to record a steady rate of growth during the forecast period. The optical emission spectroscopy market report offers the global market trends and market dynamics across six business regions – North America, Latin America, Europe, Japan, Asia Pacific excluding Japan (APEJ) and the Middle East and Africa (MEA). These regional markets influence the current status and the future prospects of the global optical emission spectroscopy market during the forecast period of 2019 – 2027.

Report Description

The optical emission spectroscopy market report offers an exhaustive analysis of the optical emission spectroscopy market and provides detailed market insights on the various factors driving the global optical emission spectroscopy market. The optical emission spectroscopy market report showcases an extensive analysis on the global as well as regional market structures. It includes the key market drivers, trends and challenges. The optical emission spectroscopy market report offers a broad assessment on different stakeholder strategies, which are likely to help the providers of optical emission spectroscopy solutions and services succeed in the global optical emission spectroscopy business. This market report segments the optical emission spectroscopy market with regards to the components, sources of excitation, verticals and regions with a global perspective.

The optical emission spectroscopy market is estimated to register a steady growth rate during the forecast period. The growth of the global optical emission spectroscopy market can be primarily attributed to the applicability of this technology in different verticals. The market report starts with an introduction, followed by the overview of the global optical emission spectroscopy market with respect to its current and forecasted value. The overview section includes an extensive analysis on the key market dynamics that influence the global optical emission spectroscopy market from the economy, demand and supply perspectives. The optical emission spectroscopy market segments have been extensively analysed. A comprehensive analysis has been provided in terms of the optical emission spectroscopy market size across all the regional market segments.

The optical emission spectroscopy market report also showcases an extensive analysis on the optical emission spectroscopy market across different countries and regions. This section of the report offers an outlook for the optical emission spectroscopy market during the forecast period of 2019 to 2027. The market outlook section presents the latest product offerings, along with the key technological developments in the global optical emission spectroscopy market. This market research report discusses the key market trends contributing to the growth of the optical emission spectroscopy markets across all the regions. It also provides the market driver intensity mapping with their impact on the optical emission spectroscopy market in each region. Regional optical emission spectroscopy markets analysed in the market report are North America (U.S. & Canada), Latin America (Brazil, Mexico & the rest of Latin America), Europe (Germany, U.K., Spain, France, Italy & the rest of Europe), Japan, Asia Pacific excluding Japan (China, India, Malaysia, Singapore, Australia & the rest of Asia Pacific excluding Japan) and the Middle East and Africa (GCC Countries, South Africa, Israel & the rest of Middle East and Africa). This global optical emission spectroscopy market study offers the current regional market scenarios and the future prospects of growth in those regional markets. 2018 has been considered the base year in the optical emission spectroscopy market report, and data has been provided for the remaining 12 months of 2018.

For the purpose of accurate forecast evaluation, the global optical emission spectroscopy market study starts by sizing the current market scenario. This forms a platform that facilitates the deduction of future growth trends in the global optical emission spectroscopy market. Future Market Insights has performed different analyses based on the current technological trends in the market, with regards to the technological aspects of the optical emission spectroscopy technique.

The global optical emission spectroscopy market is segmented into various market segments, as mentioned earlier. All the optical emission spectroscopy market segments – component, source of excitation, vertical and region – have been studied in terms of basis point shares to fully deduce the relative contribution of each market segment to the growth of the global optical emission spectroscopy market. The Basis Point Share (BPS) analysis is enables the recognition of the key segmental trends in the global optical emission spectroscopy market.

Another key feature of this market report is the absolute dollar opportunity analysis for all the optical emission spectroscopy market segments. The absolute dollar opportunity analysis facilitates the forecasting of the level of opportunity that a market participant can look to achieve. Absolute dollar opportunity analysis also facilitates the identification of potential resources from the product delivery point-of-view as well as from the sales perspectives in the global optical emission spectroscopy market.

The final chapter in the global optical emission spectrometry market report showcases a competition landscape, which provides a dashboard view of various optical emission spectroscopy solution providers in the market value chain. In addition, the competition landscape offers the regional presence and intensity analyses of the leading market players operating in the global optical emission spectroscopy market. This section primarily offers a detailed study on the key market players specific to their product portfolio and specific market segment in the global optical emission spectroscopy supply chain. Clients can gain segment-specific vendor information and can identify the key competitors in the global optical emission spectroscopy market on the basis of in-depth segmental and product portfolio based analyses. Detailed company profiles evaluate short- and long-term strategies, along with the key product offerings, in this section of the global optical emission spectroscopy market report. Some of the key competitors profiled in the global optical emission spectroscopy market report include, Yokogawa Electric Corporation; Waters Corporation; Thermo Fisher Scientific Inc.; Shimadzu Corp.; Stellarnet Inc.; Sartorius AG; Rigaku Corporation; PerkinElmer, Inc.; LECO Corporation; JEOL Ltd.; Hitachi High-Technologies Corp.; Danaher Corp.; Bruker Corp.; AMETEK, Inc. and Agilent Technologies, Inc.

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

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Europe

    • Germany

    • U.K.

    • 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

Optical Emission Spectroscopy Market Reports - Table of Contents

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