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Optical Emission Spectroscopy Market by Detector Type (Hybrid, Solid State Detector, Photomultiplier Tube) by Offering (Services, Equipment) by Source Type (Inductively Coupled Plasma Optical Emission Spectroscopy, Arc/Spark Optical Emission Spectroscopy)

08-14-2018 01:31 PM CET | IT, New Media & Software

Press release from: Genesis market insights

Optical Emission Spectroscopy Market

Optical Emission Spectroscopy Market

Global Optical Emission Spectroscopy Market was valued at USD 555.43 Million in the year 2017. Global Optical Emission Spectroscopy Market is further estimated to grow at a CAGR of 6.55% from 2018 to reach USD 812.63 Million by the year 2023. Asia-Pacific region holds the highest market share in 2017 and the Asia-Pacific market is considered as the fastest growing market in the forecasted period. At a country level, developed markets like China with highest population base holds the notable market share in 2017 and it is projected to grow at a gradual rate in the coming years.

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Hitachi High-Technologies Corporation (Japan), Thermo Fisher Scientific, Inc. (U.S), AMETEK, Inc. (U.S.), PerkinElmer Inc. (U.S), Bruker Corporation (U.S), Agilent Technologies (U.S), Shimadzu Corporation (Japan), Skyray Instrument Inc. (China), HORIBA, Ltd. (Japan), Spectro Scientific, Inc. (U.S), are some of the key players in the Optical Emission Spectroscopy Market with Thermo Fisher Scientific, Inc. holding the substantial market share because of its better technological advancements and global reach. Technological up-gradation cater to changing demand of end users. Similarly, growth strategies such as acquisition & merger were few techniques adopted by most of the top players in the last 5 years.

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Drivers:

• Strict safety regulations by government

Restraints:

• High initial cost

Opportunities:

• Rising demand for multi-element analysis

Challenges:

• Lack of skilled labor

Segmentation done on the basis of Detector Type includes Hybrid, Solid State Detector and Photomultiplier Tube of which the Solid State Detector segment is expected to hold the highest market share during the forecast period. On the other hand, segmentation done on the basis of Industry Vertical include Automotive, Scrap and Recycling, Healthcare and Life Science, Metals and Heavy Machinery, Aerospace & Defense, Power Generation and Food & Beverages Chemicals of which Food & Beverages Chemicals segment is expected to grow at the highest CAGR during the forecast period.

Key Benefits for Stakeholders

• Raw material and component providers, Original equipment manufacturers (OEMs),
• OES systems rental providers,
• Technology standards organizations, forums, alliances, and associations.

By Detector Type

• Hybrid
• Solid State Detector
• Photomultiplier Tube

By Offering

• Services
• Equipment

By Source Type

• Inductively Coupled Plasma Optical Emission Spectroscopy
• Arc/Spark Optical Emission Spectroscopy

By Form Factor

• Portable
• Benchtop

By Industry Vertical

• Automotive
• Scrap and Recycling
• Healthcare and Life Science
• Metals and Heavy Machinery
• Aerospace & Defense
• Power Generation
• Food & Beverages Chemicals
• Others

By Region

• North America
• Europe
• Asia-Pacific
• ROW

Key Market Players

• Hitachi High-Technologies Corporation
• Thermo Fisher Scientific Inc.
• AMETEK, Inc.
• PerkinElmer Inc.
• Bruker Corporation
• Agilent Technologies
• Shimadzu Corporation
• Skyray Instrument Inc.
• HORIBA, Ltd.
• Spectro Scientific, Inc.

(Another brief information of 10 companies will be provided in the report)

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About Us:

Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making.

Contact Us;

Genesis Market Insights (GMI)
902 Broadway, 6th Floor,
New York, NY 10010
(212) 634-4560
Mail us at: info@genesismarketinsights.com
Website: www.genesismarketinsights.com

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