What is Optical Emission Spectroscopy Market?
Optical emission spectrometry is used for the metal analysis in industrial business and environment. It establishes the elemental composition for wide range of metals. It is also used by various industries like foundries, steel copper, aluminum plants, and others for process and quality control. The optical emission spectrometry consists of ICP optical emission spectrometry that uses inductively coupled plasma. These wide range of applications are propelling the market growth.
The market study is being classified and major geographies with country level break-up.
Thermo Fisher Scientific (United States), Bruker (United States), Hitachi High-Technologies (Japan), Ametek (United States), Shimadzu (Japan), Horiba (Japan), Perkinelmer (United States), Agilent Technologies (United States), Skyray Instrument (United States) and Focused Photonics (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Spectro Scientific Inc. (United States), GBC Scientific Equipment Pty Ltd (Malaysia), Teledyne Leeman Labs (United States), GNR Analytical Instruments Group (Italy), SGS (Switzerland) and Bureau Veritas (France).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Optical Emission Spectroscopy market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Optical Emission Spectroscopy market by Type, Application and Region.
On the basis of geography, the market of Optical Emission Spectroscopy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Functionality in Technological Products
- Multiple Applications Such as Automotive, Aerospace and Defense, Pharmaceuticals and Others
Market Trend
- Adoption of Optical Emission Spectroscopy Products Integrated with Different Specifications and Features
Restraints
- High Costs Associated with the Optical Emission Spectroscopy
Opportunities
- Adoption of Optical Emission Spectrometry across Various End Use Industries
- Increasing Demand for Multi Element Analysis
Challenges
- Lack of Skilled Workforce for Handling of OES Equipment
Market Leaders and some development strategies
In May 2019, Thermo Fisher Scientific has acquired Brammer Bio. The company is a leader in a viral vector manufacturing for genes.
Manufacturers of optical emission spectrometry equipment are undertaking constant product and technology innovations to expand their product portfolio. Also, they are offering operation-specific products to end-use industry verticals
The governments of major economies, such as Germany, the United States, Russia, France, China, India, Japan and UK, among others, are focused on the development of commercial facilities for health care and infrastructure
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations