Below are some of the key findings from the absorption spectrometers market research report
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Global Absorption Spectrometers Industry Overview
The rising demand for analyzing the elemental composition of samples is the major factor driving the absorption spectrometers market growth. Absorption spectrometers are increasingly being used to trace and analyze the composition of elements in food samples, and mining or rock samples to control the contamination caused by trace elements in these samples. Additionally, absorption spectrometers help in determining the elemental composition of unknown substances that can be converted into known compounds. Several end-user sectors are opting for absorption spectrometers to analyze elemental and isotopic components of samples, thereby driving the absorption spectrometers market growth.
Technological advancements in absorption spectroscopy is one of the key absorption spectrometers market trends which will positively impact the market growth in the coming years. Electrothermal atomization (ETA) atomic absorption spectrometry is gaining popularity as it offers a high-sensitivity quantitative analysis of a variety of samples for metals. Other technological advancements include dual-beam optics for improved performance, integrated hardware safety features, and automatic mass flow controller gas controls. The absorption spectrometers market forecast report predicts that fueled by these factors, the market will grow at a CAGR of over 5% during the forecast period.
Top absorption spectrometers companies covered in this market research report
The absorption spectrometers market is moderately fragmented. As the market continues to grow during the forecast period, it will become further fragmented and offer several opportunities to the market players. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this absorption spectrometers industry analysis report will aid clients to identify new growth opportunities and plan better business strategies.
The report offers a complete analysis of various companies including:
- Agilent Technologies
- Aurora Biomed
- Bruker
- PerkinElmer
- Thermo Fisher Scientific
Absorption spectrometers market segmentation based on geographic regions
- Americas
- APAC
- EMEA
Global absorption spectrometers market analysis reveals that the Americas will lead the absorption spectrometers market share until 2023. The APAC region will account for the highest absorption spectrometers market growth throughout the forecast period.
Absorption spectrometers market segmentation based on end users
- Food and beverage industry
- Pharmaceutical and biotechnology industry
- Others
The food and beverage industry is the single largest end-user segment holding the largest absorption spectrometers market share. Others segment, which includes academic institutions, agriculture, chemical, mining, and forensic research, will account for the highest absorption spectrometers market growth. Additionally, the report also provides an accurate prediction of the contribution of the various end-user segments to the growth of the absorption spectrometers market size.
Key highlights of the global absorption spectrometers market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the absorption spectrometers market during the next five years
- Precise estimation of the global absorption spectrometers market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the absorption spectrometers industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of absorption spectrometers companies
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