Feb 21, 2022   SOURCE: BusinessWire

Outlook on the Optical Emission Spectroscopy Global Market to 2026 - Featuring Agilent Technologies, Bruker and Hitachi Among Others - ResearchAndMarkets.com

The "Global Optical Emission Spectroscopy Market (2021-2026) by Offering Type, Farm Factor Type, Excitation Source Type, Detector Type, Vertical Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Optical Emission Spectroscopy Market is estimated to be USD 610.2 Mn in 2021 and is expected to reach USD 859.84 Mn by 2026, growing at a CAGR of 7.1%.

The Global Optical Emission Spectroscopy Market is driving advancements with increased functionalities. The stringent regulatory framework imposed by the government concerning safety and quality control is driving the market's growth. Additionally, increasing demand for optical emission spectroscopy from the metal and scrap recycling industry fuels the market's growth. On the other hand, the high initial investment cost with OES equipment restricts the development of the market.

Furthermore, growing third-party preference to outsource analytical requirements and increasing requirement of multielement analysis by various industries such as food & beverages, pharmaceuticals and life sciences, environmental, and scrap and recycling will create opportunities for the market to grow. Moreover, the lack of skilled professionals for handling OES equipment is a challenge in the market's growth.

The Global Optical Emission Spectroscopy Market is segmented based on Offering Type, Farm Factor Type, Excitation Source Type, Detector Type, Vertical Type, and Geography.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Optical Emission Spectroscopy Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Market Dynamics

Drivers

  • Growing Technological Advancement with Increased Functionalities
  • Stringent Regulatory Framework for Safety and Quality Control
  • Increasing Demand from Metal and Scrap Recycling Industry

Restraints

  • High Initial Investment with OES Equipment

Opportunities

  • Growing Third-Party Preference to Outsource Analytical Requirements
  • Increasing requirement for Multielement Analysis by Various Industries

Challenges

  • Lack of Skilled Profession for Equipment Handling

Companies Mentioned

  • Advanced Scientific Equipment Pvt Ltd
  • Agilent Technologies, Inc
  • AMETEK, Inc
  • Analytik Jena AG
  • ARUN Technology Limited
  • Beijing Beifen-Ruili Analytical Instrument (Group) Co Ltd
  • Bruker Corporation
  • Bureau Veritas
  • Element Materials Technology
  • Elvatech Ltd
  • Focused Photonics, Inc
  • GBC Scientific Equipment
  • G.N.R. s.r.l- Analytical Instruments Group
  • Hitachi, Ltd
  • Horiba, Ltd
  • Intertek Group plc
  • NORMALAB
  • Organfield Group
  • PerkinElmer, Inc
  • PG Instruments
  • SciMed Ltd
  • SGS SA
  • Shimadzu Corporation
  • Skyray Instrument, Inc
  • Teledyne Leeman Labs
  • Teif Sanj CHEMIA CO
  • Thermo Fisher Scientific
  • TUV RHEINLAND
  • TUV SUD
  • UAB Krantechna

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