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Latest Trend On Process Spectroscopy Market | SHIMADZU CORPORATION, Bruker, Buchi Labortechnik, Danaher, Foss A/S, Horiba and Agilent Technologies, ABB, Agilent Technologies, Bruker, Danaher Corporation, FOSS, HORIBA
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The NIR technology based process spectroscopy market accounted more than 60% of the overall industry share in 2015. Rising application of this technology in food industry, polymer, oil & gas, and pharmaceuticals industries is likely to produce high avenues for process spectroscopy industry. This technology is also used in chemical industry for plastic identification. Over the time span of coming seven years, the NIR technology is expected to be the largest technology segment.
Asia Pacific process spectroscopy Market is expected to witness a significant growth over the forecast timeline. Various industry participants are progressively relocating manufacturing facilities and R&D owing to the presence of cheap labor and low resource cost which will catapult the regional growth.
Key players contributing to process spectroscopy market share include
o ABB
o Agilent Technologies
o Bruker
o BÜCHI Labortechnik AG
o Danaher Corporation
o FOSS
o HORIBA
o Kett Electric Laboratory
o Sartorius AG
o SHIMADZU CORPORATION
o Thermo Fisher Scientific
o Yokogawa Electric Corporation
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Process Spectroscopy Market size is expected to reach USD 1.47 billion by 2024. Rising focus on improvisation in order to eleminate ineffective process such as visual defects, inventory and production time is expected to propel industry growth. Effective control offers numerous benefits such as low production &inspection cost, consumer satisfaction, increased sales as well as optimized resource utilization, which in turn will catalyze process spectroscopy market size from 2016 to 2024.
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