Market Overview:
The global infrared spectrophotometer devices 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 infrared spectrophotometers in various applications such as pharmaceuticals, agriculture, chemicals, and others. Additionally, the growing awareness about the benefits of using infrared spectrophotometers is also contributing to the growth of this market. On the basis of type, Fourier transform infrared (FTIR) spectrophotometer held a major share of the global infrared spectrophotometer devices market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to its ability to provide high-quality spectral data that helps identify various compounds present in a sample. On account of these benefits, FTIR has become one of most widely used types of IR Spectrometers across industries such as pharmaceuticals and chemicals.
Product Definition:
An infrared spectrophotometer is a device used to measure the intensity of infrared radiation. This type of spectrophotometer is used to identify the chemical composition of a material by measuring how it absorbs and emits light in the infrared spectrum.
Fourier Transform Infrared (FTIR) Spectrophotometer:
The FTIR spectrophotometer is an instrument used to measure the intensity of infrared light. It consists of a source, detector and optical filter, which are placed in a specific order. The source is usually a LED or laser diode and it produces infrared light; while the detector absorbs some part of this light and converts into an electrical signal proportional to the amount of absorbed IR radiation.
Near-infrared Spectrophotometer:
Near-infrared spectrophotometer is a device used for measuring the concentration of substances in near-infrared region. Near-infrared (NIR) spectrum is the part of electromagnetic spectrum which falls between 700 nm to 1 mm wavelength. NIR can be utilized as an alternative to other conventional techniques such as ultraviolet, visible and infrared light based methods for analyzing chemical compounds and materials.
Application Insights:
The others segment includes food, water and wastewater treatment, pulp and paper industry, mining industry, petroleum refining industry. The chemical sector is expected to emerge as the fastest growing application segment over the forecast period owing to its critical applications in various sectors such as pharmaceuticals and semiconductors. The agriculture sector also holds significant potential for growth due to its critical applications in crop analysis for weather forecasting and soil testing.
FT-IR spectrophotometers are used extensively across all these industries for a wide range of applications such as material characterization; process control; quality control; product development & quality assessment; research & development activities etc. In addition, they are also used across several other verticals including education (for instance: University of California - IRMS), food processing (for instance: Alltech Associates Inc.
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 activities and technological advancements in this region. Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising demand for spectrophotometers from various application industries, such as pharmaceuticals, food & beverage, and others. In addition, growing research activities are also expected drive regional growth during the same period.
Growth Factors:
- Increasing demand for infrared spectrophotometer devices in the pharmaceutical and biotechnology industries for drug discovery and development.
- Growing demand from academic research institutes for use in chemical analysis, material science research, and protein studies.
- Increasing use of infrared spectrophotometer devices in food safety testing to detect adulteration and contamination.
- Rising demand from process industries such as petrochemicals, oil & gas, and pulp & paper for quality control and product optimization purposes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Infrared Spectrophotometer Devices Market Research Report
By Type
Fourier Transform Infrared (FTIR) Spectrophotometer, Near-infrared Spectrophotometer, Others
By Application
Pharmaceutical Industry, Agriculture Industry, Chemical Industry, Others
By Companies
Thermo Fisher Scientific, PerkinElmer, Shimadzu, ABB, Bruker, Agilent Technologies, Foss, JASCO, MKS Instruments, Sartorius, BüCHI Labortechnik, Beijing Beifen-Ruili Analytical Instrument, FPI Group, Tianjin Gangdong
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
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Infrared Spectrophotometer Devices Market Report Segments:
The global Infrared Spectrophotometer Devices market is segmented on the basis of:
Types
Fourier Transform Infrared (FTIR) Spectrophotometer, Near-infrared Spectrophotometer, Others
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
Pharmaceutical Industry, Agriculture Industry, Chemical 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:
- Thermo Fisher Scientific
- PerkinElmer
- Shimadzu
- ABB
- Bruker
- Agilent Technologies
- Foss
- JASCO
- MKS Instruments
- Sartorius
- BüCHI Labortechnik
- Beijing Beifen-Ruili Analytical Instrument
- FPI Group
- Tianjin Gangdong
Highlights of The Infrared Spectrophotometer Devices 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:
- Fourier Transform Infrared (FTIR) Spectrophotometer
- Near-infrared Spectrophotometer
- Others
- By Application:
- Pharmaceutical Industry
- Agriculture Industry
- Chemical 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 Infrared Spectrophotometer Devices 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?
An infrared spectrophotometer is a device used to measure the amount of light that is reflected from an object. This information can be used to determine the temperature, composition, and other properties of the object.
Some of the key players operating in the infrared spectrophotometer devices market are Thermo Fisher Scientific, PerkinElmer, Shimadzu, ABB, Bruker, Agilent Technologies, Foss, JASCO, MKS Instruments, Sartorius, B¼CHI Labortechnik, Beijing Beifen-Ruili Analytical Instrument, FPI Group, Tianjin Gangdong.
The infrared spectrophotometer devices market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Infrared Spectrophotometer Devices 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 Infrared Spectrophotometer Devices Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Infrared Spectrophotometer Devices 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 Infrared Spectrophotometer Devices 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 Infrared Spectrophotometer Devices Market Size & Forecast, 2020-2028 4.5.1 Infrared Spectrophotometer Devices Market Size and Y-o-Y Growth 4.5.2 Infrared Spectrophotometer Devices 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 Fourier Transform Infrared (FTIR) Spectrophotometer
5.2.2 Near-infrared Spectrophotometer
5.2.3 Others
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 Pharmaceutical Industry
6.2.2 Agriculture Industry
6.2.3 Chemical Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Infrared Spectrophotometer Devices 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 Infrared Spectrophotometer Devices 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 Fourier Transform Infrared (FTIR) Spectrophotometer
9.6.2 Near-infrared Spectrophotometer
9.6.3 Others
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 Pharmaceutical Industry
9.10.2 Agriculture Industry
9.10.3 Chemical Industry
9.10.4 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 Fourier Transform Infrared (FTIR) Spectrophotometer
10.6.2 Near-infrared Spectrophotometer
10.6.3 Others
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 Pharmaceutical Industry
10.10.2 Agriculture Industry
10.10.3 Chemical Industry
10.10.4 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 Fourier Transform Infrared (FTIR) Spectrophotometer
11.6.2 Near-infrared Spectrophotometer
11.6.3 Others
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 Pharmaceutical Industry
11.10.2 Agriculture Industry
11.10.3 Chemical Industry
11.10.4 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 Fourier Transform Infrared (FTIR) Spectrophotometer
12.6.2 Near-infrared Spectrophotometer
12.6.3 Others
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 Pharmaceutical Industry
12.10.2 Agriculture Industry
12.10.3 Chemical Industry
12.10.4 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 Fourier Transform Infrared (FTIR) Spectrophotometer
13.6.2 Near-infrared Spectrophotometer
13.6.3 Others
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 Pharmaceutical Industry
13.10.2 Agriculture Industry
13.10.3 Chemical Industry
13.10.4 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 Infrared Spectrophotometer Devices Market: Competitive Dashboard
14.2 Global Infrared Spectrophotometer Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermo Fisher Scientific
14.3.2 PerkinElmer
14.3.3 Shimadzu
14.3.4 ABB
14.3.5 Bruker
14.3.6 Agilent Technologies
14.3.7 Foss
14.3.8 JASCO
14.3.9 MKS Instruments
14.3.10 Sartorius
14.3.11 BüCHI Labortechnik
14.3.12 Beijing Beifen-Ruili Analytical Instrument
14.3.13 FPI Group
14.3.14 Tianjin Gangdong