Process Spectroscopy Market - Maharashtra - Pune ID1077434Offering about 1 month ago - Bussiness Offer / Proposal - Pune
Process Spectroscopy Market was valued US$ 1.74 Bn by 2017 and is estimated to reach approximately US$ 3.49 Bn by 2026 at a CAGR of about 8.0% during a forecast period.
An objective of implementing Process Spectroscopy is to grow demand for Process Analyzers which Emerge in Markets Such as China and India. Process Spectroscopy market also aims to increase the Adoption of Spectroscopy Instruments in the Applied Markets. Majorly market restrains by Lack of Skilled Professionals in a sector with High Infrastructure Costs. Growing Demand for Water & Wastewater Treatment, Increasing Usage of Spectrometry in the Drug Safety Process and increment in U.S. Shale Gas Production is expected to drives the market demand for given forecasting period. While issue related to Instrumentation Safety become major challenge for process spectroscopy market.
Process Spectroscopy Market
Based on Technology type, Process Spectroscopy market can be fragmented into Raman Spectroscopy, Near Infrared (NIR) Spectroscopy, Fourier Transform Infrared (FT-IR) Spectroscopy and Other. Recently, near infrared (NIR) spectroscopy accounted maximum share in the total process spectroscopy market revenue. However, by 2025 total market revenue has predicated to be reducing by NIR spectroscopy share. So Raman spectroscopies have increase popularity during the forecasting period. Better performance Fourier transform infrared (FT-IR) spectroscopy shows spectral quality, data collection speed, reproducibility of data, and ease of maintenance has expected to grow at a moderate CAGR during the forecast period.
Based on application Process Spectroscopy market is sectionised into Polymer, Oil and Gas, Pharmaceutical, Food and Agriculture, Chemical, Others. The notable market growth can be accredited by increasing adoption of spectroscopic techniques in the food & agriculture sectors and pharmaceutical. Current industries standardized cost-effective design, in-depth analytical features which enhanced performance of the market. Pharmaceutical segment leads highest market share in 2016 and followed by food and agriculture industry. Chemical industry is anticipated to showcase substantial growth of Process Spectroscopy market during the forecast period.
In terms of geography Process Spectroscopy market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific region dominates Process Spectroscopes market due to rapid growth in near future. According to2016, North America covers approximately half of market share. During the forecast period, Asia Pacific region leading market players such as Kett Electric Laboratory, Shimadzu Corporation, Horiba, Ltd., etc. anticipated the witness of fastest growth rate. Technological advancements taking place in field of spectroscopic analysis by APAC region and expected to follow by Middle East and Africa.
Key Players Profiled and Analised in the Report:
Shimadzu Corporation, BUCHI Labortechnik AG, ABB Ltd., Agilent Technologies, Siemens AG, Thermo Fisher Scientific Inc., Danaher Corporation, Bruker Corporation, Foss A/S., HORIBA, Ltd., Kett Electric Laboratory, Sartorius AG, Endress+Hauser AG, AMETEK Process Instruments, Yokogawa Electric Corporation, The Emerson Electric Company, Mettler-Toledo International Inc., Thermo Fisher Scientific, Inc.When you call, don't forget to mention that you found this ad on CLASSTIZE.COM