What is Laboratory Colorimeter Market?
A colorimeter is a light and delicate device that measures the transmission and absorption of light that passes through a liquid sample. The colorimeter device also measures the intensity or concentration of color that develops when a particular reagent is placed in the solution. The colorimeter is based on two fundamental laws of photometry. A laboratory colorimeter, also known as a digital colorimeter, is an instrument used to measure the absorption of wavelengths of light at a specific frequency (color) by a sample. Digital colorimeters are widely used in a variety of work areas including environmental testing, clinical diagnostics, pharmaceutical analysis, and biochemistry. In particular, a portable colorimeter can be used for on-site environmental analysis. Similar to spectrophotometers, laboratory colorimeters are used to determine the concentration of a known solute in a sample because the concentration of a solute is proportional to the absorbance. The wavelength filter used is very important because the wavelength of the light transmitted by the colorimeter must match that of the light absorbed by the sample.
The market study is being classified by Type (Handheld and Benchtop), by Application (Research Institution, University Laboratory and Others) and major geographies with country level break-up.
Danaher Corporation (United States), Halma plc (United Kingdom), LaMotte Company, Inc. (United States), Thermo Fisher Scientific (United States), Harvard Bioscience (United States), Konica Minolta Sensing Americas, Inc. (United States), Cole-Parmer Limited (United Kingdom), Admesy B.V. (Netherlands), Xylem Inc. (United States), Hanna Instruments (United States) and NEC Display Solutions (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Taylor Technologies (United States), Milwaukee Instruments (Hungary) and PASCO Scientific (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Laboratory Colorimeter market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Laboratory Colorimeter market by Type, Application and Region.
On the basis of geography, the market of Laboratory Colorimeter 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
- Rapid Usage in Water Utilities & Pharmaceutical Industries
- Rapidly Growing Industries Such As Food & Beverages, Water Utilities, and Pharmaceuticals
Market Trend
- Increasing Pollution Level
Restraints
- Technological Errors in the Instrument
Opportunities
- Growing Need for Controlling the Quality Is Growing By Leaps And Bounds
Challenges
Key Target Audience
Providers of Laboratory Colorimeter, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users and Others