Market Overview:
The global FT-NIR spectrometers market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for food safety and quality, rising adoption of FT-NIR spectrometers in industrial and chemical applications, and growing demand for portable NIR spectrometers. The global FT-NIR spectrometers market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into multi purpose NIR spectrometers and single use NIR spectrometers. Multi purpose NIR Spectrometer are further sub-segmented into benchtop/portable/handheld devices; while single use N IR Spectrormeter are further sub-segmented into fixed mount devices/instrumentation grade devices). On the basis of application,the market is segmented into food industry, industrial sector (including petrochemical industry), chemical or medical materials industry (including pharmaceuticals), other applications (including environmental monitoring),and region wise North America(U.S., Canada), Latin America(Brazil Mexico ), Europe(Germany France , U K Italy Spain ), Asia Pacific (China Japan India South Korea ) Middle East & Africa (GCC Countries Israel South Africa ).
Product Definition:
FT-NIR spectrometers use the near infrared region of the electromagnetic spectrum to measure the absorption and emission of light by materials. This technology is used for a variety of applications, including process monitoring and quality control in manufacturing, pharmaceutical research and development, food safety, environmental analysis, and forensics.
Multi Purpose:
Multi-purpose near-infrared spectrometer (NIRS) is a tool that can be used for multiple applications such as chemical analysis, physical property testing, and others. The FT-NIR spectrum of the sample is obtained by placing it in the cuvet and measuring its absorption coefficient at each point.
Single Use:
Single-use is a technology that has gained popularity in the FT-NIR spectrometer market. It helps to reduce contamination and improve signal stability by limiting the usage of other chemicals. Single use products are also cost effective as compared to their multi-use counterparts. The single use concept has been around for quite some time; however, it was limited to thermal desiccants or cooling fans in past years.
Application Insights:
The other application segment includes the use of the device in food industry, industrial, chemical or medical materials. The usage of FT-NIR spectrometers for analyzing chemical or medical materials is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to an increase in demand for such devices from various industries including pharmaceuticals and cosmetics. In addition, growing R&D activities pertaining to new applications are also anticipated to boost market growth over the forecast period.
Food analysis dominated the overall market with a share of 33.1% in 2017 and is expected reach USD 544 million by 2030 driven by high product demand across various industries worldwide coupled with increasing R&D activities regarding new applications within this sector which include quality control tests related towards process monitoring as well as material identification using FT-NIR technology globally over the forecast period (2018 -2030).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D investments by various organizations, a rise in demand for high-quality and efficient equipment, and growing adoption of these systems across several industries such as food & beverage, pharmaceuticals, water treatment chemicals among others.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to factors such as improving healthcare infrastructure leading to an increase in demand for diagnostic devices coupled with rising awareness about early disease detection methods especially NIRS technology among patients and physicians which will drive product adoption rate over this region. Moreover it has been observed that countries like China are adopting western culture resulting into higher penetration of FT-NIR spectrometers due to their easy availability at cheaper rates than Europe or North America counterparts thereby boosting growth prospects for this regional segment over the next eight years at a CAGR of XX%.
Growth Factors:
- Increasing demand for quality control and food safety in the global food industry is expected to drive the growth of FT-NIR spectrometers market.
- Rising application of FT-NIR spectrometers in pharmaceutical and biotechnology industries is another major factor that would fuel the growth of this market during the forecast period.
- Growing popularity of portable and handheld FT-NIR spectrometers is anticipated to create new opportunities for this market in near future.
- Proliferation of nanotechnology across various end-use industries is projected to boost the demand for FT-NIR spectrometers over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
FT-NIR Spectrometers Market Research Report
By Type
Multi Purpose, Single Use
By Application
Food Industry, Industrial, Chemical or Medical Materials, Other
By Companies
Thermo Fisher Scientific, Bruker, ABB Analytical, PerkinElmer, ARCoptix
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global FT-NIR Spectrometers Market Report Segments:
The global FT-NIR Spectrometers market is segmented on the basis of:
Types
Multi Purpose, Single Use
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Industry, Industrial, Chemical or Medical Materials, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thermo Fisher Scientific
- Bruker
- ABB Analytical
- PerkinElmer
- ARCoptix
Highlights of The FT-NIR Spectrometers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Multi Purpose
- Single Use
- By Application:
- Food Industry
- Industrial
- Chemical or Medical Materials
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the FT-NIR Spectrometers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
FT-NIR spectrometers are a type of spectrometer that uses near infrared light to measure the intensity of radiation. This type of spectrometer is often used to measure the temperature, chemical composition, and other properties of objects.
Some of the major companies in the ft-nir spectrometers market are Thermo Fisher Scientific, Bruker, ABB Analytical, PerkinElmer, ARCoptix.
The ft-nir spectrometers market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 FT-NIR Spectrometers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 FT-NIR Spectrometers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 FT-NIR Spectrometers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the FT-NIR Spectrometers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global FT-NIR Spectrometers Market Size & Forecast, 2020-2028
4.5.1 FT-NIR Spectrometers Market Size and Y-o-Y Growth
4.5.2 FT-NIR Spectrometers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Multi Purpose
5.2.2 Single Use
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food Industry
6.2.2 Industrial
6.2.3 Chemical or Medical Materials
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global FT-NIR Spectrometers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 FT-NIR Spectrometers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Multi Purpose
9.6.2 Single Use
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food Industry
9.10.2 Industrial
9.10.3 Chemical or Medical Materials
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Multi Purpose
10.6.2 Single Use
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food Industry
10.10.2 Industrial
10.10.3 Chemical or Medical Materials
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Multi Purpose
11.6.2 Single Use
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food Industry
11.10.2 Industrial
11.10.3 Chemical or Medical Materials
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Multi Purpose
12.6.2 Single Use
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food Industry
12.10.2 Industrial
12.10.3 Chemical or Medical Materials
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Multi Purpose
13.6.2 Single Use
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food Industry
13.10.2 Industrial
13.10.3 Chemical or Medical Materials
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 FT-NIR Spectrometers Market: Competitive Dashboard
14.2 Global FT-NIR Spectrometers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermo Fisher Scientific
14.3.2 Bruker
14.3.3 ABB Analytical
14.3.4 PerkinElmer
14.3.5 ARCoptix
