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World X-ray Instrumentation Markets
Frost & Sullivan, Nov 2009, Pages: 74
This Frost & Sullivan research service titled World X-ray Instrumentation Markets provides an analysis of product and end-user segments, geographic regions, and market ranking of participants for this market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following sectors: X-ray diffractometer (XRD), energy dispersive X-ray fluorescence (ED XRF) spectrometers, and wavelength dispersive X-ray fluorescence (WD XRF) spectrometers.
Market Overview
Prolific Demand from Expanding Applications Fuels Growth in the World X-ray Instrumentation Markets
Burgeoning demand from applications such as forensics, environmental protection, pollution, recycling, and research is expected to provide booster rocket support for the world X-ray instrumentation markets. The need for tools, such as X-ray instruments, in these sophisticated environments is on the rise. X-ray instrumentation offers better price-to-performance ratio in areas of new technology development. In particular, portable instruments are seeing widespread uptake, and are poised to buoy the future prospects for the X-ray instrumentation market. “Demand for high-end and benchtop X-ray instruments mainly arises from element analysis performed in laboratories, where the cost of test is high,” notes the analyst of this research service. “Growth for ED XRF products is expected to be comparatively better than the WD XRF products as they are relatively more simple and cost effective.” In the WD XRF segment, the trend is toward hybrid products, especially with companies that already offer WD XRF products. This adds more value for price, considering the high price of WD XRF instruments. The prices of equipment are anticipated to remain stable in the foreseeable future.
Although the outlook for the market is bright, there are some issues that cloud the market landscape. As is the case for many markets, the X-ray instrumentation markets were impacted by the economic downturn, which reduced available capital expenditure (CAPEX). While the industry witnessed significant growth in 2008, the economic impact limited the market growth in 2009, and is expected to continue to affect the market in the short term. With reduced purchasing power, the high-end and benchtop product segments have felt the heat most. Going forward, sales of ED XRF instruments will improve in the developing countries of Asia, as the region was not greatly affected by the economic downturn unlike its other counterparts.
Apart from the economic downturn, other impediments are reining in market progression. The XRD technique is highly complex, and requires well-educated technicians to handle the instruments. In the current market scenario, vendors opine that the number of skilled technicians at the customers’ premise is low and end users are unable to perceive the tangible benefits of these products, affecting their demand for such instrumentation. Test vendors have to ramp up promotion strategies to educate their customers about their product features. Vendors also face the challenge of catering to the wide range of end-user industries in the X-ray instrumentation market. Customization required for these instruments is another issue confronting the market participants. As various applications require different types of X-ray instruments and techniques, customization is essential, especially for the high-end product category.
European directives such as the Restriction of Hazardous Substances (RoHS), Waste Electronics and Electrical Equipment (WEEE), and End of Life Vehicle (ELV) are also key for the X-ray instrumentation market growth. WEEE directive helps to recycle materials and wastes, and demand for X-ray instruments in this field is expected to be high. Mergers and acquisitions that have been taking place among the top tier vendors in the recent past are likely to take the market forward.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- X-ray diffractometer (XRD)
- Energy dispersive X-ray fluorescence (ED XRF)
- Wavelength dispersive X-ray fluorescence (WD XRF)
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