Market Overview:
The Global Handheld X-ray Fluorescence Spectrometers Market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for handheld XRF spectrometers in various end-use industries such as mining, metallurgical, petroleum and cement industries. Additionally, factors such as technological advancements and rising awareness about the benefits of handheld XRF spectrometers are also contributing to the market growth. However, high cost of handheld XRF spectrometers may restrain the market growth in some regions during the forecast period. On basis of type, automatic handheld XRF spectrometer segment is expected to witness highest CAGR during forecast period owing to its advantages over semi-automatic type such as faster analysis time and higher accuracy levels.
Product Definition:
A handheld X-ray fluorescence spectrometer is a portable device that uses X-rays to determine the elemental composition of a material. This type of spectrometer is often used in fieldwork or other situations where it is not feasible to bring a larger, more traditional instrument. The importance of handheld X-ray fluorescence spectrometers lies in their ability to provide fast and accurate data on the elemental composition of materials in real time. This information can be used for a variety of purposes, including mineral identification, forensic analysis, and quality control.
Semi Automatic:
Semi-automatic is a type of automatic machine that requires the selection of certain parameters and provides an intermediate level of control over the process. In other words, it's a hybrid between fully automatic and semi-automatic systems.
The global handheld X-ray fluorescence spectrometers market is expected to witness significant growth over the forecast period owing to its wide range applications in various fields such as pharmaceuticals, food & beverages, environmental testing industries among others.
Automatic:
Automatic is a fully automatic system that can be used in handheld X-ray fluorescence spectrometers. It is designed to meet the growing demand for automation and accuracy in laboratory operations. The major application of automatic systems includes liquid handling, sample preparation, and analysis without any manual intervention.
Application Insights:
The others application segment includes food & beverage, medical, environmental and security. The demand for handheld x-ray fluorescence spectrometers in the mining industry is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to the rising need for exploration activities in various parts of the world. In addition, an increase in investment by governments across various countries is likely to boost product demand over the forecast period.
In 2017, mining accounted for around 40% of overall revenue share and it is expected that this number will grow with time as more companies are investing in developing new mines across different parts of the world which requires advanced equipment such as XRF analyzers for accurate mineral identification.
The metallurgical industry held around 25% revenue share within hand-held XRF instrument market and it was followed by cement industry at about 15%.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of manufacturers and suppliers. The region is expected to maintain its dominance over the forecast period due to increasing demand for handheld x-ray fluorescence spectrometers from various end-use industries such as mining, metallurgical, petroleum, and others.
The Asia Pacific regional market is anticipated to grow at a lucrative rate over the forecast period owing to rapid industrialization coupled with developing infrastructure in countries such as India and China. In addition, rising demand for consumer electronics products along with growing medical tourism industry will drive product adoption across several Asian countries during the forecast period.
Growth Factors:
- Increasing demand for handheld X-ray fluorescence spectrometers in the mining and metallurgy industry for accurate and rapid elemental analysis.
- Growing popularity of handheld X-ray fluorescence spectrometers in the forensic science community for crime scene investigations.
- Increasing use of handheld X-ray fluorescence spectrometers in research laboratories for material characterization studies.
- Rising demand from pharmaceutical and biotechnology companies for quality control and drug discovery applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Handheld X-ray Fluorescence Spectrometers Market Research Report
By Type
Semi Automatic, Automatic
By Application
Mining Industry, Metallurgical Industry, Petroleum Industry, Cement Industry, Others
By Companies
SPECTRO (AMETEK), Thermo Fisher, Shimadzu, Rigaku, Oxford-Instruments, HORIBA, Hitachi High-tech, Olympus Innov-X, Bruker, BSI, Malvern Panalytical, Skyray, Focused Photonics
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
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Handheld X-ray Fluorescence Spectrometers Market Report Segments:
The global Handheld X-ray Fluorescence Spectrometers market is segmented on the basis of:
Types
Semi Automatic, Automatic
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
Mining Industry, Metallurgical Industry, Petroleum Industry, Cement Industry, Others
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:
- SPECTRO (AMETEK)
- Thermo Fisher
- Shimadzu
- Rigaku
- Oxford-Instruments
- HORIBA
- Hitachi High-tech
- Olympus Innov-X
- Bruker
- BSI
- Malvern Panalytical
- Skyray
- Focused Photonics
Highlights of The Handheld X-ray Fluorescence 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:
- Semi Automatic
- Automatic
- By Application:
- Mining Industry
- Metallurgical Industry
- Petroleum Industry
- Cement Industry
- Others
- 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 Handheld X-ray Fluorescence 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.
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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?
A handheld X-ray fluorescence spectrometer is a device that uses X-rays to measure the amount of radiation emitted by an object. This information can be used to determine the composition, structure, and chemical makeup of the object being analyzed.
Some of the key players operating in the handheld x-ray fluorescence spectrometers market are SPECTRO (AMETEK), Thermo Fisher, Shimadzu, Rigaku, Oxford-Instruments, HORIBA, Hitachi High-tech, Olympus Innov-X, Bruker, BSI, Malvern Panalytical, Skyray, Focused Photonics.
The handheld x-ray fluorescence 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 Handheld X-ray Fluorescence 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 Handheld X-ray Fluorescence Spectrometers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Handheld X-ray Fluorescence 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 Handheld X-ray Fluorescence 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 Handheld X-ray Fluorescence Spectrometers Market Size & Forecast, 2020-2028
4.5.1 Handheld X-ray Fluorescence Spectrometers Market Size and Y-o-Y Growth
4.5.2 Handheld X-ray Fluorescence 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 Semi Automatic
5.2.2 Automatic
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 Mining Industry
6.2.2 Metallurgical Industry
6.2.3 Petroleum Industry
6.2.4 Cement Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Handheld X-ray Fluorescence 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 Handheld X-ray Fluorescence 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 Semi Automatic
9.6.2 Automatic
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 Mining Industry
9.10.2 Metallurgical Industry
9.10.3 Petroleum Industry
9.10.4 Cement Industry
9.10.5 Others
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 Semi Automatic
10.6.2 Automatic
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 Mining Industry
10.10.2 Metallurgical Industry
10.10.3 Petroleum Industry
10.10.4 Cement Industry
10.10.5 Others
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 Semi Automatic
11.6.2 Automatic
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 Mining Industry
11.10.2 Metallurgical Industry
11.10.3 Petroleum Industry
11.10.4 Cement Industry
11.10.5 Others
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 Semi Automatic
12.6.2 Automatic
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 Mining Industry
12.10.2 Metallurgical Industry
12.10.3 Petroleum Industry
12.10.4 Cement Industry
12.10.5 Others
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 Semi Automatic
13.6.2 Automatic
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 Mining Industry
13.10.2 Metallurgical Industry
13.10.3 Petroleum Industry
13.10.4 Cement Industry
13.10.5 Others
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 Handheld X-ray Fluorescence Spectrometers Market: Competitive Dashboard
14.2 Global Handheld X-ray Fluorescence Spectrometers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SPECTRO (AMETEK)
14.3.2 Thermo Fisher
14.3.3 Shimadzu
14.3.4 Rigaku
14.3.5 Oxford-Instruments
14.3.6 HORIBA
14.3.7 Hitachi High-tech
14.3.8 Olympus Innov-X
14.3.9 Bruker
14.3.10 BSI
14.3.11 Malvern Panalytical
14.3.12 Skyray
14.3.13 Focused Photonics
