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Spectroscopy Equipment and Accessories: Global Strategic Business Report

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    Report

  • 187 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 600097

Global Spectroscopy Equipment and Accessories Market to Reach $19.5 Billion by 2030

The global market for Spectroscopy Equipment and Accessories estimated at US$15.6 Billion in the year 2022, is projected to reach a revised size of US$19.5 Billion by 2030, growing at a CAGR of 2.8% over the analysis period 2022-2030. Molecular Spectroscopy, one of the segments analyzed in the report, is projected to record a 3.1% CAGR and reach US$7.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Atomic Spectroscopy segment is readjusted to a revised 2.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 4.9% CAGR

The Spectroscopy Equipment and Accessories market in the U.S. is estimated at US$4.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2030 trailing a CAGR of 4.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 2.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.5 Billion by the year 2030.

Select Competitors (Total 29 Featured) -

  • AB Sciex LLC
  • Agilent Technologies, Inc.
  • Bruker Corporation
  • Digilab, Inc.
  • JEOL Ltd.
  • Metrohm AG
  • Ocean Optics, Inc.
  • PerkinElmer, Inc.
  • Rigaku Corporation
  • Shimadzu Corporation
  • Spectris plc
  • Thermo Fischer Scientific Inc.
  • Waters Corporation

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Frequently Asked Questions about the Global Market for Spectroscopy Equipment and Accessories

What is the estimated value of the Global Market for Spectroscopy Equipment and Accessories?

The Global Market for Spectroscopy Equipment and Accessories was estimated to be valued at $15.6 Billion in 2022.

What is the growth rate of the Global Market for Spectroscopy Equipment and Accessories?

The growth rate of the Global Market for Spectroscopy Equipment and Accessories is 2.8%, with an estimated value of $19.5 Billion by 2030.

What is the forecasted size of the Global Market for Spectroscopy Equipment and Accessories?

The Global Market for Spectroscopy Equipment and Accessories is estimated to be worth $19.5 Billion by 2030.

Who are the key companies in the Global Market for Spectroscopy Equipment and Accessories?

Key companies in the Global Market for Spectroscopy Equipment and Accessories include AB Sciex LLC, Agilent Technologies, Inc., Bruker Corporation, Digilab, Inc., JEOL Ltd., Metrohm AG, Ocean Optics, Inc., PerkinElmer, Inc., Rigaku Corporation and Shimadzu Corporation.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • A Prelude
  • Recent Market Activity
  • Overview
  • Current and Future Analysis
  • Sustained Growth for Aftermarket Products and Services
  • Government Funding and Research Activities Propel Molecular Spectroscopy Market
  • Growing Preference for Handheld Instruments
  • Infrared Spectroscopy - A Peek into Technology and Application Trends
  • Raman Spectroscopy - A Review of Advanced Technologies and Applications
  • Fluorescence Spectroscopy - A Gold Standard Technology
  • Atomic Spectroscopy - An Overview
  • Mass Spectrometry: Technological Developments and Expanding End-Use Applications to Bolster Growth
  • Review of Select MS Technologies
  • Portability: A Major Driving Force for MS Systems Market
  • Nanotube Coating to Enable Miniaturization in Mass Spectrometers
  • High Prices of MS Systems Hold Down Sales Growth
  • Purpose-Built Mass Spectrometers to Transform Personalized Medicine
  • Leading End Users of Mass Spectrometry Devices
  • A Peek into Regulatory and Competitive Landscape in MS
  • Ion-Trap Mass Spectrometry Technology Losses Sheen
  • Reduced Government Spending on Laboratory Testing
  • Lack of Suitable Software and Diversity of MS Systems - A Major Challenge
  • Smaller Clinical Laboratories Continue to Shy Away from Mass Spectrometers
  • Spectroscopy Equipment and Accessories - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • AB Sciex LLC (US)
  • Agilent Technologies, Inc. (US)
  • Bruker Corporation (US)
  • Digilab, Inc. (US)
  • Extrel CMS LLC (US)
  • Hitachi High-Technologies Corporation (Japan)
  • JEOL Ltd. (Japan)
  • Metrohm AG (Switzerland)
  • Ocean Optics, Inc. (US)
  • PerkinElmer, Inc. (US)
  • Rigaku Corporation (Japan)
  • Shimadzu Corporation (Japan)
  • Spectris plc (UK)
  • Stellar Net, Inc. (US)
  • Thermo Fisher Scientific Inc. (US)
  • Waters Corporation (US)
3. MARKET TRENDS & DRIVERS
  • Rise in Drug Development Outsourcing to Fuel Global Spectroscopy Market
  • Growing Significance of Miniaturization in Spectroscopy
  • Shift of Analytical Instruments Industry to Mass Customization
  • Improved Mobility Broadens the Role of Spectroscopy
  • Improved Analyzer Reliability and Performance
  • Hyphenated Technologies Exhibit Growth
  • Spectroscopy Makes Inroads into Novel Applications
  • Applications Extend to Defense and Civilian Areas
  • Atomic and Molecular Spectrometers Benefit from Technological Improvements
  • Demand for Used Spectroscopy Instruments to Grow Robustly in Future
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Spectroscopy Equipment and Accessories by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Spectroscopy Equipment and Accessories by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 3: World 18-Year Perspective for Spectroscopy Equipment and Accessories by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Molecular Spectroscopy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Molecular Spectroscopy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 6: World 18-Year Perspective for Molecular Spectroscopy by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Atomic Spectroscopy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Atomic Spectroscopy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 9: World 18-Year Perspective for Atomic Spectroscopy by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Mass Spectrometry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Mass Spectrometry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 12: World 18-Year Perspective for Mass Spectrometry by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 15: World 18-Year Perspective for Pharmaceuticals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Agriculture & Food by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Agriculture & Food by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 18: World 18-Year Perspective for Agriculture & Food by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 21: World 18-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Chemicals & Polymer by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Chemicals & Polymer by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 24: World 18-Year Perspective for Chemicals & Polymer by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 27: World 18-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 28: World Spectroscopy Equipment and Accessories Market Analysis of Annual Sales in US$ Million for Years 2012 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Spectroscopy Equipment and Accessories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Spectroscopy Equipment and Accessories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Spectroscopy Equipment and Accessories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Spectroscopy Equipment and Accessories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Spectroscopy Equipment and Accessories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Spectroscopy Equipment and Accessories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Spectroscopy Equipment and Accessories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Spectroscopy Equipment and Accessories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Spectroscopy Equipment and Accessories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Spectroscopy Equipment and Accessories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Spectroscopy Equipment and Accessories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Spectroscopy Equipment and Accessories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Spectroscopy Equipment and Accessories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AB Sciex LLC
  • Agilent Technologies, Inc.
  • Bruker Corporation
  • Digilab, Inc.
  • JEOL Ltd.
  • Metrohm AG
  • Ocean Optics, Inc.
  • PerkinElmer, Inc.
  • Rigaku Corporation
  • Shimadzu Corporation
  • Spectris plc
  • Thermo Fischer Scientific Inc.
  • Waters Corporation