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Optical Emission Spectroscopy Market Study of Key Players, Profile and Dynamics By 2030

market trends
Published on Jul 26, 2023

Optical Emission Spectroscopy Market Insights:

The Optical Emission Spectroscopy Market is anticipated to grow throughout the current projected period of 2018–2023. Market activities were terminated at USD 514.1 million throughout the historical period in 2017 as a result of market dynamics. The optical emission spectroscopy market is anticipated to grow at a 6.53% CAGR during the current period, 2022-2023, which will enable the market to reach a final market valuation of USD 741.5 million by the conclusion of the time frame.

Shimadzu just introduced the PDA-8000, a new optical emission spectrometer. It is made up of a high-resolution monochromator and a discharge energy stabilised excitation unit, which together allow for the high sensitivity quantitative examination of a variety of solid metals including copper, iron, steel, and many others. The installed software also contributes to improved maintenance through support, functionality, and instrument monitoring, resulting in high operability. Additionally, it serves as an energy-saving approach that lowers energy use and boosts the expansion of the optical emission spectroscopy market, as predicted by industry executives for the current forecast period in 2027.

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Optical Emission Spectroscopy Market Key vendors:

  • Thermo Fisher Scientific Inc. from the United States,
  • Horiba, Ltd. from Japan,
  • Hitachi High-Technologies Corporation from Japan,
  • Bruker Corporation from the United States,
  • Shimadzu Corporation from Japan,
  • Ametek Inc. from the United States,
  • Skyray Instrument Inc. from the United States,
  • Teledyne Leeman Labs, Inc. from the United States,
  • PerkinElmer, Inc. from the United States,
  • Agilent Technologies from the United States,
  • Analytik Jena from Germany (Italy)

 

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Optical Emission Spectroscopy Market Regional evaluation:

The market for optical emission spectroscopy has been segmented globally based on regions as well. The optical emission spectroscopy (OES) market was anticipated to be dominated by the APAC region in 2018. The need for OES equipment in the APAC area is projected to increase due to ongoing changes in the region's economy, infrastructure, and automotive sector. Consumer electronics, autos, and military are just a few of the industries seeing substantial growth in the APAC area. This well-known global location has emerged as a hub for substantial investments and chances for corporate growth. The OES market in North America is anticipated to increase as a result of strong demand from the food and beverage industry, followed by growing demand from other sectors including the environmental, automotive, and aerospace & defence verticals.

Optical Emission Spectroscopy Market Segmentation:

Offering, Detector Type, Excitation Source Type, and End User are the segments used to categorise the optical emission spectroscopy market. The market is divided into Photomultiplier Tube, Solid State, and Hybrid segments based on the kind of detector used. By 2029, the Solid-State Detector sector is anticipated to have the biggest market share, accounting for xx%. The increase can be attributed to its capability to concurrently study all visible and ultraviolet wavelengths in the electromagnetic spectrum. Solid state nuclear track detectors can identify alpha emitting and/or fissile nuclides in a variety of materials and are widely used to map their distribution. The techniques are efficient and extremely sensitive, and they allow for the examination of very low concentrations of the target substance.

The market is divided into two categories based on the kind of excitation source: inductively coupled plasma and spark. During the projection period of 2022-2029, the inductively coupled plasma sector is anticipated to expand fast at a CAGR of xx%. To determine the amount of a certain element in a sample, the analytical technique known as inductively coupled plasma optical emission spectroscopy (ICP-OES) is utilised. ICP-OES use the capacity of atoms and ions to absorb energy in order to move electrons from the ground state to an excited state.

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