openPR Logo
Press release

What's Driving XRF Analyzer Market Trends? Key Company Profiled In HORIBA, Ltd. Applied Rigaku Technologies, Inc., Bruker, OLYMPUS Corporation, Skyray Instrument Co., Ltd

06-28-2019 09:36 AM CET | Health & Medicine

Press release from: Future Market Insights

What's Driving XRF Analyzer Market Trends? Key Company Profiled

XRF analyzer sales surpassed US$ 2.2 billion in 2018, and will reportedly increase by approximately 5.3% annually, in 2019. A newly published research outlook by Future Market Insights (FMI) has projected promising revenue growth prospects for the global XRF analyzer market over the course of upcoming years.

While the XRF analyzers demand within Asia Pacific (excluding Japan) will continue to account for nearly a fourth of the global market value, the report also highlights robust growth in the market value share of developed regional markets of North America and Europe, which currently equates nearly 2/5th of the global XRF analyzer market revenues.

Substantial Opportunities Lie in Metal & Mining, and Oil & Gas

According to FMI’s analysis, a majority of XRF analyzer adoption will prevail in metal & mining industry, followed by the pharmaceutical industry. Oil & gas industry is also cited as one of the key end-use industries for XRF analyzers in the near future.

With steady growth of the mining industry and resurgence of the oil & gas industry, it is highly likely that the demand for instruments such as XRF analyzers will prevail at a significantly high pace in coming years. Metal & mining, collectively with oil & gas, are likely to account for more than 45% of the total demand for XRF analyzers that has been estimated for 2019.

Download Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-9444

In the wake of waning popularity of benchtop XRF analyzer instruments that are subsequently leading to their dwindling sales, the market has been witnessing soaring preference for the high convenience offered by handheld/portable XRF analyzers. According to the report, portable or handheld XRF analyzers currently account for nearly 65% of overall sales and are anticipated to demonstrate healthy growth potential through years to come.

The report opines that key features such as light weight, portability, and convenient usage will continue to attract more sales opportunities for portable or handheld XRF analyzers to use on field, over the benchtop variants.

Energy-dispersive XRF Analyzers Gaining Ground

XRF analyzers, according to the report, will continue to enjoy soaring sales within manufacturing industries as they support easy operation, precise functioning, quicker turnaround time, and most importantly, non-invasive analysis. Some of the key applications of XRF analyzers include the determination of several precious metals and metal alloys, in addition to the examination of mining exploration areas and detection of hazardous chemicals. Technological advancements such as radiation safety, proximity sensors, enhanced detection limits, high-resolutions, and high-count rate are prominently assisting the growth of XRF analyzer market.

As suggested by FMI’s research, more than half of the XRF analyzer sales are of energy-dspersive type. Although wavelength-dispersive XRF analyzers have their own set of advantages, energy-dispersive XRF analyzers are more preferred across industries owing to their functional versatility and efficiency in terms of space, price, and sample preparation times.

Competition Landscape Analysis & Recent Developments in XRF Analyzer Market

Prominent vendors competing in the XRF analyzer market are focusing on product innovation and upgrade to gain an edge over the competition. Furthermore, several manufacturers of XRF analyzers are concentrating on developing high-performance and cost-effective XRF analyzer instruments, to complement end user demands.

Handheld or portable XRF analyzers are also being refined in terms of standards of testing faults, which is trending among some of the leading companies in global XRF analyzer market.

According to FMI analysis, Thermo Scientific, Hitachi High-Technologies Corporation, and SPECTRO Analytical Instruments GmbH are among the key manufacturers of XRF analyzers. Some of the key manufacturers profiled in the XRF analyzer market report, include HORIBA, Ltd. Applied Rigaku Technologies, Inc., Bruker, OLYMPUS Corporation, Skyray Instrument Co., Ltd., XOS (Danaher), Malvern Panalytical Ltd, Torontech Inc., Elvatech Ltd., Globetek, PARISA TECHNOLOGY, Oxford Instruments, and Xenemetrix.

In 2018, Elvatech Ltd., a prominent German manufacturer of XRF analyzers, launched Elvatech ProSpector 3. This handheld instrument has been claimed to be the smallest-ever, lightweight XRF analyzer, and comes with a new level of analysis accuracy, speed, and detection limits. An additional feature of the product includes two CCD cameras for macro- & micro-view, radiation safety, proximity sensors, and low count rate detection.

Download Methodology of Report @ https://www.futuremarketinsights.com/askus/rep-gb-9444

More recently, in 2019, the European manufacturer SPECTRO Analytical Instruments GmbH. Launched SPECTROCUBE ED-XRF for metal testing with non-destructive ED-XRF detector technology. The product benefits include high resolution and high count rate, which deliver short measurement intervals and low downtime. SPECTROCUBE ED-XRF ensures significant precision for wide-ranging concentration levels, plus testing times of 15 seconds, capable of testing hundreds of samples per day.

Contact Us
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremarketinsights.com
Website: https:www.futuremarketinsights.com

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What's Driving XRF Analyzer Market Trends? Key Company Profiled In HORIBA, Ltd. Applied Rigaku Technologies, Inc., Bruker, OLYMPUS Corporation, Skyray Instrument Co., Ltd here

News-ID: 1791300 • Views: 187

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for XRF

XRF Spectrometer Market Intelligence and Industry Technology Forecast To 2022
Global XRF Spectrometer Market Research report focused on industry current status, chain structure, market players, future roadmap, industry policy, market leading player, opportunity, market player profile and strategy. This report also provided for the international market including Industry size, share, growth, trend, outlook, supplier, manufacture, regions, product types and end industries. Its help to grow your business in international market. Get Sample Copy at https://www.orianresearch.com/request-sample/423630 Development policies and plans are
New Concepts in Europe XRF Analysers Market 2017-2022
September Offer - Flat 20% discount on purchase of this report from 15th to 30th September @ https://www.researchtrades.com/discount/1217383 For more offers post 30th September, kindly contact us. Contact No. : +16269994607 (US)/ +91 7507349866 (IND) Email: sales@researchtrades.com Report Overview:- The study on Europe XRF Analysers Market makes a detailed analysis of the upstream raw materials demand, downstream client demand and future industry growth prospects. The study explores the profile of manufacturing plants across major regions
XRF Analysers Market Report 2017 HORIBA, Rigaku, AMETEK, Bruker, Skyray
XRF Analysers Market Research 2017 A market study ” Global XRF Analysers Market ” examines the performance of the XRF Analysers market 2017. It encloses an in-depth Research of the XRF Analysers market state and the competitive landscape globally. This report analyzes the potential of XRF Analysers market in the present and the future prospects from various angles in detail. The Global XRF Analysers Market 2017 report includes XRF Analysers market Revenue,
Global XRF Analysers Market-BRUKER, DFMC, HORIBA, BSI
Global XRF Analysers Market report 2017 is an in-depth research on the current situation of the XRF Analysers industry. The Scope of the XRF Analysers research report: The Global XRF Analysers Market primarily includes a basic overview of the XRF Analysers industry. It also includes XRF Analysers definitions, classifications and applications. It segments the market by applications, types, regions, competitive players and also analyzes XRF Analysers market size, business share and XRF
Handheld XRF Rental Program Announced for Quickshot XRF
Atlanta, GA – Rental programs for XRF Analyzers have become increasingly popular in recent years as a method of solving short term testing needs. To meet this growing need, QSX Instruments LLC has announced a variety of rental options for their Handheld XRF Analyzer (the Quickshot XRF QSX-HH). The standard XRF rental plans offered are weekly and monthly options; both of these plans provide the renter an opportunity
Defective Drywall Testing with Handheld XRF Analyzer
In response to a growing need to determine if drywall is defective or acceptable Quickshot XRF announced the release of a new software package for their popular Handheld XRF Analyzer. Based on software for detecting hazardous substances (lead, cadmium, etc); the Handheld XRF’s new software package will detect Strontium (Sr) content in drywall. Strontium levels have been determined as a primary indicator of whether a drywall piece is