Industry Background:
XRF is an X-ray fluorescence spectroscopy which is a non-destructive analytical technique. It is used in determining the elemental composition of materials such as glass, metals, ceramic, and other. The handheld XRF analysers works by measuring the fluorescent X-rays emitted from a sample when excited by a primary X-ray source. It also provides seamless testing of solid and liquid material samples and offer accurate results. Moreover, it has wide range of applications in oil and gas, pharmaceuticals, metal and mining, as well as environmental research.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Bruker (United States), Helmut Fischer GmbH (Germany), SPECTRO Analytical Instruments GmbH (Germany), Rigaku Corporation (Japan), Thermo Fisher Scientific (United States), HORIBA (Japan), Oxford Instruments (United Kingdom), Skyray Instrument (United States), Olympus (Japan) and Hitachi (Japan) |
According to AMA, the market for XRF Analyzer is expected to register a CAGR of 5.6% during the forecast period to 2027. This growth is primarily driven by Compact Design and Ease of Use of Spectrometers and Technological Advancements to Make XRF Analysers More Applicable for Health Care.
Globally, a noticeable market trend is evident Growing Usage of X-Ray Fluorescence Spectrometers in Tablet Formulation Processes Major Players, such as Bruker (United States), Helmut Fischer GmbH (Germany), SPECTRO Analytical Instruments GmbH (Germany), Rigaku Corporation (Japan), Thermo Fisher Scientific (United States), HORIBA (Japan), Oxford Instruments (United Kingdom), Skyray Instrument (United States), Olympus (Japan) and Hitachi (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. 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.
Key Developments in the Market:
On 19 January 2022, Bruker Corporation announced the acquisition of Prolab Instruments GmbH, a Swiss technology company specialized in low-flow, high precision liquid chromatography technology and systems.
On 4th February 2020, Hitachi High-Tech Analytical Science Corporation, a Hitachi High-Technologies Corporation wholly owned subsidiary engaged in the manufacture and sales of analysis and measuring instruments, introduces the new FT160 XRF analyzer with three base configuration options for the analysis of nanometer scale coatings.
Regulatory Insights:
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XRF Analyzer Market Dynamics:
Attributes | Details |
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Growth Drivers | - Compact Design and Ease of Use of Spectrometers
- Technological Advancements to Make XRF Analysers More Applicable for Health Care
|
Influencing Trends | - Growing Usage of X-Ray Fluorescence Spectrometers in Tablet Formulation Processes
|
Restraints | - High Costs Associated with XRF Analysers
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Gaps & Opportunities | - Rapid Increase in Disease Burden in Industry
- Wide Range of Applications
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in XRF Analyzer Market
- Analysis about New Entrants in XRF Analyzer Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, XRF Analyzer Study Sheds Light on
The XRF Analyzer Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the XRF Analyzer industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where XRF Analyzer industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.