Handheld XRF Analyzers Market 2018-2028: Growth Opportunities, Current and Projected Market Size, Recent Industry Trends and Developments

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.

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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.

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)

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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

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

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This release was published on openPR.