Global Optical Emission Spectroscopy Market, By Offering (Equipment, Services), Form Factor (Benchtop, Portable), Excitation Source Type (Arc/Spark Optical Emission Spectroscopy, Inductively Coupled Plasma Optical Emission Spectroscopy), Detector Type (Photomultiplier Tube (PMT), Solid State Detector (SSD), Hybrid), End User (Oil and Gas, Metals and Heavy Machinery, Automotive, Scrap and Recycling, Aerospace and Defence, Chemicals, Infrastructure, Pharmaceuticals and Life Sciences, Power Generation, Food and Beverages, Environmental, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Optical Emission Spectroscopy Market
The optical emission spectroscopy market is expected to witness market growth at a rate of 6.81% in the forecast period of 2022 to 2029. Data Bridge Market Research report on optical emission spectroscopy market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the use of product in various industries globally is escalating the growth of optical emission spectroscopy market.
Optical emission spectroscopy (OES) refers to the type of technology that is widely deployed to determine the purity and elemental composition of the broad range of metal and alloys. This kind of method consists of spectral dispersion, detection and collection of light by using a spectrometer device to precisely measure the alloys and metals in a material.
The implementation of stringent safety regulations by governments and quality control requirements across the globe acts as one of the major factors driving the growth of optical emission spectroscopy market. The rise in the adoption of optical emission spectroscopy techniques because of its easy-to-use instrumentation, and development in technological and improved functionalities accelerate the market growth. The surge in inclination towards outsourcing analytical requirements to third-party service providers, and rise in demand of OES analysis in scrap recycling and metals making industries including foundries, steel- copper and aluminum plants further influence the market. Additionally, expansion of end use industry, incorporation of security mechanisms, rapid infrastructural developments, emergence of industry 4.0, and rapid industrialization positively affect the optical emission spectroscopy market. Furthermore, technological advancements in the devices extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, high initial cost associated with OES equipment is expected to obstruct the market growth. Lack of skilled personnel for handling OES equipment is projected to challenge the optical emission spectroscopy market in the forecast period of 2022-2029.
This optical emission spectroscopy market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on optical emission spectroscopy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Optical Emission Spectroscopy Market Scope and Market Size
The optical emission spectroscopy market is segmented on the basis of offering, form factor, excitation source type, detector type and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the optical emission spectroscopy market is segmented into equipment and services.
- On the basis of form factor, the optical emission spectroscopy market has been segmented into benchtop and portable.
- On the basis of excitation source, the optical emission spectroscopy market has been segmented into arc/spark optical emission spectroscopy and inductively coupled plasma optical emission spectroscopy.
- The optical emission spectroscopy market on the basis of detector type has been segmented into photomultiplier tube (PMT), solid state detector (SSD) and hybrid.
- The optical emission spectroscopy market has also been segmented on the basis of end user into oil and gas, metals and heavy machinery, automotive, scrap and recycling, aerospace and defence, chemicals, infrastructure, pharmaceuticals and life sciences, power generation, food and beverages, environmental and others.
Optical Emission Spectroscopy Market Country Level Analysis
The optical emission spectroscopy market is analyzed and market size, volume information is provided by country, offering, form factor, excitation source type, detector type and end user as referenced above.
The countries covered in the optical emission spectroscopy market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominate the optical emission spectroscopy market due to the high adoption of optical emission spectroscopy equipment for the purpose of process enhancement at metallurgy laboratories within the region. North America is expected to witness highest growth during the forecast period of 2022 to 2029 because of the availability of a wide variety of optical emission spectroscopy equipment and a large number of service providers in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Optical Emission Spectroscopy Market Share Analysis
The optical emission spectroscopy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to optical emission spectroscopy market.
Some of the major players operating in the optical emission spectroscopy market report are Thermo Fisher Scientific Inc., Horiba, Ltd., Hitachi High-Technologies Corporation, Bruker Corporation, Shimadzu Corporation, Ametek Inc., Skyray Instrument Inc., Teledyne Leeman Labs, Inc., PerkinElmer, Inc., Agilent Technologies, Analytik Jena, Focused Photonics Inc., GBC Scientific Equipment Pty Ltd, GNR Analytical Instruments Group, SGS SA, Bureau Veritas SA, Intertek Group plc, TUV SUD, Element Materials Technology Ltd., and TUV Rheinland, among others.