Global Raman Portable Spectrometer Market - Industry Trends and Forecast to 2029

Global Raman Portable Spectrometer Market, By Application (Nanotechnology, Drug Discovery, Environmental Testing, Food and Agriculture, Life Sciences, Materials Chemistry, Forensic Science, Others), Spectrometer Type (Optical Spectrometer, Mass Spectrometer, Fluorescence Spectrometer, High-Resolution Spectrometer, Others), Technique (Atomic Spectroscopy, Mass Spectrometry, Molecular Spectroscopy, Fluorescence Spectroscopy) – Industry Trends and Forecast to 2029.

Raman Portable Spectrometer Market Analysis and Size

A Raman instrument is a combination of a Raman spectrometer and a standard optical microscope. This device is widely used because it enables high-resolution material imaging and Raman investigation. Due to its simplicity and user friendliness it has gained enormous popularity.

Data Bridge Market Research analyses that the Raman portable spectrometer market which was growing at a value of 196.31 million in 2021 and is expected to reach the value of USD 408.72 million by 2029, at a CAGR of 9.60% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Raman Portable Spectrometer Market Scope and Segmentation

Market Definition

Raman spectroscopy is a technique for observing and measuring the wavelength of scattered light. The scattered light is then used to determine a sample's vibrational energy modes. Raman spectroscopy, in other words, is based on the interaction of light with chemical bonds in a molecule. Raman spectroscopy, named after the Indian scientist C.V Raman, provides chemical and structural information/data such as chemical structure and identity, phase and polymorphism, intrinsic stress/strain, contamination and impurity.

Global Raman Portable Spectrometer Market Dynamics

Drivers

• Rising investments and expansion of various industries is providing market growth

The Raman portable spectrometer market is growing due to increased research activities for oil and gas reservoirs, the expansion of pharmaceutical industries, and the increasing disease burden. These density metres are used to determine the density of finished liquid hydrocarbon products such as propane, gasoline, and natural gas liquid.

The growing use of Raman portable spectrometer in the food and beverage and chemical industries gives the market an advantage. The government's imposition of safety regulations to maintain the quality of ready-to-eat foods and soft drinks is expected to boost market growth. Recently, the Indian government allocated US$ 1.35 billion under MAKE IN INDIA to prioritise the food and beverage sector while encouraging investment. To improve the supply chain, the government established 18 mega food parks and 138 cold chain projects.

• Governments initiatives are contributing to market growth

Government initiatives in the water and wastewater treatment industries are a major factor driving the growth of the region's Raman portable spectrometer market. Increased industrialization contributes to the growth of the Asia Pacific Raman portable spectrometer market. Density metres are used extensively in water and wastewater treatment to determine turbidity, the concentration of neutralizers such as milk of lime, and to check the concentration of water throughout the process. Due to limited drinking water availability, an increase in industrial wastewater, and smart water management, Asia Pacific has a high demand for Raman portable spectrometer.

Opportunities

• Modernization of factories

The presence of several strict regulatory compliances for ensuring safety is a critical factor escalating market growth; additionally, high food quality and rising volume of industrial automation in various manufacturing and processing industry verticals are major factors driving the Raman portable spectrometer market, among others. In the forecast period, modernization and rising adoption of smart factories and industrial automation will create new opportunities for the Raman portable spectrometer market.

Restraints

• High cost associated with these instruments

However, concerns about the increased cost of these instruments, as well as trade-offs between accuracy and cost of the density metre instrument, are among the major factors acting as restraints, and will further challenge the Raman portable spectrometer market during the forecast period.

This Raman portable spectrometer 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 the Raman portable spectrometer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on the Global Raman Portable Spectrometer Market

The COVID-19 virus had a negative impact on the Raman spectroscopy market due to strict lockdowns and social distancing to contain the virus's spread. Economic uncertainty, a partial business shutdown, and low consumer confidence all impacted demand for Raman spectroscopy technology. During the pandemic, the supply chain was hampered, as were logistics activities. However, due to the relaxation of restrictions, the Raman spectroscopy market is expected to pick up steam in the post-pandemic scenario.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures

Global Raman Portable Spectrometer Market Scope

The Raman portable spectrometer market is segmented on the basis of spectrometer type, application, and technique. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Spectrometer Type

• Optical Spectrometer
• Mass Spectrometer
• Fluorescence Spectrometer
• High-Resolution Spectrometer
• Others

Technique

• Atomic Spectroscopy
• Mass Spectrometry
• Molecular Spectroscopy
• Fluorescence Spectroscopy

Application

• Nanotechnology
• Drug Discovery
• Environmental Testing
• Food and Agriculture
• Life Sciences
• Materials Chemistry
• Forensic Science
• Others

Raman Portable Spectrometer Market Regional Analysis/Insights

The Raman portable spectrometer market is analysed and market size insights and trends are provided by country, spectrometer type, application, and technique as referenced above.

The countries covered in the Raman portable spectrometer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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), Brazil, Argentina and Rest of South America as part of South America

North America dominates the Raman spectroscopy market because of the high demand to explore oil shale reserves and identify minerals and gases. Another factor driving market growth in this region is the expansion of the petroleum and petrochemical industries.

Asia-Pacific (APAC) is expected to grow significantly from 2022 to 2029 because of increased demand and application by the pharmaceutical and electronics industries,

The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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 Raman Portable Spectrometer Market Share Analysis

The Raman portable spectrometer 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, Global presence, production sites and facilities, production capacities, 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 Raman portable spectrometer market.

Some of the major players operating in the Raman portable spectrometer market are:

• Agilent Technologies, Inc. (U.S.)
• Anton Paar GmbH (Austria)
• B&W Tek. (U.S.)
• Bruker (U.S.)
• Digilab Inc. (U.S.)
• Hamamatsu Photonics K.K. (Japan)
• HORIBA, Ltd. (Japan)
• JASCO. (Japan)
• JEOL Ltd. (Japan)
• Kaiser Optical Systems Inc. (U.S.)
• Metrohm India Limited (India)
• Montana Instruments Corporation (U.S.)
• Coherent, Inc. (U.S.)
• PerkinElmer Inc (U.S.)
• Teledyne Princeton Instruments (U.S)
• Renishaw plc. (U.K.)
• Semrock Inc. (U.S.)
• Shimadzu Corporation (Japan)