Global Portable Spectrometer Market growing at a CAGR of 9.3% from 2023 to 2031
Category : Semiconductor And Electronics | Published Date : Oct 2023
Key Market Overview
The Global Portable Spectrometer Market was valued at USD 1,925.86 Million in 2022, projected to grow by USD 2,059.41 Million in 2023, and is expected to register a compound annual growth rate of 9.3% to reach USD 4,181.38 Million in 2031.
The report highlights the increasing adoption of portable spectrometer in pharmaceutical, chemical, food & beverage, and other industries. Consegic Business Intelligence provides an inclusive research report on the portable spectrometer market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Portable Spectrometer Market By Overview
The report analyses significant segments such as type, end-user, and region, to identify emerging trends and potential opportunities. The type segment is expected to grow due to the increasing adoption of portable mass spectrometers in chemical, pharmaceutical, food & beverage, and other sectors. Moreover, the rising deployment of portable optical spectrometers in metallurgy, and other related industries for quantitative analysis of metals and alloys is expected to drive the market growth during the forecast period.
Get Free SampleMarket Dynamics
Driver:
- Rising utilization of portable spectrometer in chemical industry is driving the market growth.
- Growing pharmaceutical sector is spurring the market growth.
Restraints:
- Prevalence of stringent regulations and standards associated with portable spectrometers is restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Optical Spectrometer, Mass Spectrometer, Fluorescence Spectrometer, and Others |
| By End-User | Food & Beverage, Pharmaceutical, Agriculture, Chemical, Metallurgy, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global portable spectrometer market is highly competitive due to the presence of major players such as Agilent Technologies Inc., Anton Paar GmbH, Bruker, Hitachi High-Tech Analytical Science, Metrohm AG, and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in portable spectrometer market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Agilent Technologies Inc.
- Anton Paar GmbH
- Bruker
- Hitachi High-Tech Analytical Science
- JASCO
- Metrohm AG
- PerkinElmer Inc.
- Renishaw plc.
- Shenzhen Threenh Technology Co. Ltd
- Thermo Fisher Scientific Inc.
- Presto Group
- BaySpec Inc.