Global Metal Analyzers Market 2017-2021

Overview of the global metal analyzers market

Research analysis on the global metal analyzers market identifies that the adoption of sustainable development practices across the world will be one of the major factors that will have a positive impact on the market’s growth. The growing concerns about sustainable development and waste management practices as well as the awareness on the availability of limited global resources have led to the significant increase in the utilization of recycled metals in manufacturing. Metal analyzers are used in the scrap metal industry to analyze and segregate different metals before they can be recycled by melting. With the growth of the metal recycling industry, the need for metal analyzers will significantly increase. Technavio’s market research analysts predict that this market will generate a revenue of more than USD 978 million by 2021.

In terms of geographic regions, the Americas accounted for the major shares of the metal analyser market during 2016. The region has the biggest mining and manufacturing industries and is witnessing an increase in investments in metal mining and production. The increasing demand for metal analyzers from laboratories and scientific users in the US and Canada and the growth of the automotive and aerospace industries, will also propel the growth of the metal analyzers market in this region during the forecast period.

Competitive landscape and key vendors

This market appears to be fragmented and competitive, owing to presence of a considerable number of vendors. Vendors in the metal analyzers market differentiate their products by incorporating newer features or technologies such as GPS, Bluetooth, LIBS-based identification, and modular systems. Majority of the vendors invest significantly in R&D to enhance their product offerings and sustain the market’s competitive environment.

The leading vendors in the market are -

• OLYMPUS
• Oxford Instruments
• Rigaku
• SPECTRO Analytical Instruments
• Thermo Fisher Scientific

The other prominent vendors in the market are Bruker, ELTRA, Micromeritics Instrument, Scanmin Africa, Tribogenics, TSI, and Wuxi Tianmu Instrument Technology.

Segmentation by product and analysis of the metal analyzers market

• Mobile
• Stationary
• Handheld

During 2016, the mobile segment accounted for the major shares of this market. Mobile analyzers are either powered by mains or have an inbuilt battery pack for outdoor use. These analyzers usually consist of multiple analysis technologies for the identification of a variety of metals. Factors such as the growth in R&D, the introduction of quality control standards for manufacturing, and regulations on metal-based construction and maintenance, will drive the segment’s growth prospects during the forecast period.

Segmentation by end-user and analysis of the metal analyzers market

• Manufacturing
• Metal production &recycling
• Laboratories
• Scientific users

The manufacturing segment accounted for the major shares of the metal analyser market during 2016. The major end-users within the manufacturing sector include the aviation and aerospace and automotive sectors. Additionally, precision equipment manufacturers such as semiconductor and chipset manufacturers also contribute for a significant demand for metal analyzers.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global metal analyzers market?
• What are the key market trends impacting the growth of the global metal analyzers market?
• What are the challenges to market growth?
• Who are the key vendors in the global metal analyzers market?
• What are the market opportunities and threats faced by the vendors in the global metal analyzers market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global metal analyzers market? 

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