Press release
Global Photometer and Calorimeter Market Growth and Demand Forecast to 2024 by major players- KONICA MINOLTA, INC., Mettler-Toledo International, Inc, SWAN Analytische Instrumente AG, Yokogawa, TA Instruments, ABB, Hanna Instruments, Gooch & Housego, SETA
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High initial cost acts as a major restrain for the wide adoption of photometer and calorimeter, particularly in the cost sensitive medium and low scale industries. Moreover, the complicated regulatory requirement is further hindering the growth of the photometer and calorimeter market.
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North America is the largest market of the photometer and calorimeter followed by Europe and Asia-Pacific. The market dominance of North America is attributed to high concentration of water and waste water treatment plants across U.S. and Canada. The high share of oil and gas industries in Gulf of Mexico is expected to keep the photometer and calorimeter demand higher over the forecasted period. Asia-Pacific is the fastest growing market of photometer and calorimeter. The rising market in this region is mainly attributed to the increasing demand from water and waste water treatment plant in the developing countries such as China and India.
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Based on equipment types, the global photometer market can be segmented into microscope photometer, multiwave photometer (including multi-wave fibre optic photometer, multi-wave ultraviolet photometer and multi-wave infrared photometer), microplate photometer, flame photometer, portable photometer and others. On the basis of calorimeter equipment type, the market can be bifurcated as accelerated rate calorimeter, bomb calorimeter, coffee cup calorimeter, differential scanning calorimeter, reaction calorimeter, micro calorimeter and others. Based on applications of photometer and calorimeter, the global market can be can be divided into aerospace, automotive, biomedical, process industry (including water & waste water, chemical, food and beverages and oil & gas), research and others.
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