Market Overview:
The global IR 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 IR spectrometers in various applications such as polymer industry, food and agriculture industry, pharmaceutical industry, oil and gas, and others. Additionally, the growing demand for miniaturized IR spectrometers is also contributing to the growth of this market. However, factors such as high cost of ownership and maintenance may restrain the growth of this market during the forecast period.
Product Definition:
An IR spectrometer measures the intensity of light at different wavelengths in the infrared region of the electromagnetic spectrum. This information is used to identify and study the chemical composition of a material.
MIR:
The Mid-Infrared (MIR) region extends from 8 to 10µm and is characterized by the absorption of light by carbon dioxide, water, and other molecules. The MIR region is important for applications such as remote sensing, atmospheric science, bio-imaging in the near infrared range offers a number of advantages over conventional imaging techniques.
FIR:
Infrared Spectrometer is an instrument used for measuring the infrared spectrum of any substance. It’s basically a device that allows measurement of wavelengths between 10 and 300 nm. The most commonly used part of spectrometer is called fiber optic, which consists of optical fibers through which light travels in a straight line from source to detector. Fiber optic provides high transmission and low absorption, hence it’s widely used in IR spectroscopy applications.
Application Insights:
The polymer industry, food and agriculture industry, pharmaceutical industry, and oil and gas are the key application areas of infrared spectrometers. In 2017, these industries accounted for over 60% of the overall market revenue. The growth rate in these application sectors is expected to remain high during the forecast period owing to increasing demand for polymers across various end-use industries including construction materials & engineering.
In terms of revenue, North America IR spectrometers market was valued at USD Candian in 2017 which is expected to grow at a CAGR around 7% from 2018 to 2030. Factors such as presence of major players with advanced R&D facilities coupled with growing demand from various applications are anticipated drive growth over the forecast period.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2016. The growth can be attributed to the increasing adoption of spectrometers for polymer analysis, their application-specific design and high demand from research institutes. Asia Pacific is expected to witness lucrative growth over the forecast period owing to rising government initiatives for agricultural development coupled with increasing need for food security. Moreover, growing population and industrialization are likely to fuel demand over this period.
The Middle East & Africa region is anticipated to grow at a significant rate owing to oil & gas exploration activities across various countries such as UAE, Saudi Arabia, Qatar etc., which has led major players including Schlumberger Limited; Halliburton; Honeywell International Inc.; and General Electric Co., Ltd.; among others have started deploying these devices in this region as well as worldwide thus fueling regional market growth significantly over the forecast period.
Growth Factors:
- Increasing demand for IR spectrometers in the pharmaceutical and biotechnology industries for drug discovery and development
- Rising demand from academic research institutes for advanced analytical instruments to support their research activities
- Growing popularity of IR spectroscopy as a powerful tool for qualitative and quantitative analysis in food and beverage industry
- Increasing use of IR spectrometers in forensic science to identify unknown substances
- Proliferation of nanotechnology-based products that require characterization using infrared spectroscopy
Scope Of The Report
Report Attributes
Report Details
Report Title
IR Spectrometers Market Research Report
By Type
MIR, FIR, NIR
By Application
Polymer Industry, Food and Agriculture Industry, Pharmaceutical Industry, Oil and Gas, Others
By Companies
Thermo Fisher, Foss A/S, Bruker, PerkinElmer, Buchi Labortechnik, Unity Scientific (KPM Analytics), ABB, Agilent Technologies, Shimadzu, Guided Wave (Advanced Group), Thermo Fisher, ZEUTEC, Sartorius, Yokogawa Electric
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global IR Spectrometers Market Report Segments:
The global IR Spectrometers market is segmented on the basis of:
Types
MIR, FIR, NIR
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
Polymer Industry, Food and Agriculture Industry, Pharmaceutical Industry, Oil and Gas, 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
- Foss A/S
- Bruker
- PerkinElmer
- Buchi Labortechnik
- Unity Scientific (KPM Analytics)
- ABB
- Agilent Technologies
- Shimadzu
- Guided Wave (Advanced Group)
- Thermo Fisher
- ZEUTEC
- Sartorius
- Yokogawa Electric
Highlights of The IR 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:
- MIR
- FIR
- NIR
- By Application:
- Polymer Industry
- Food and Agriculture Industry
- Pharmaceutical Industry
- Oil and Gas
- 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 IR 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
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 IR spectrometer is a device used to measure the intensity of infrared radiation. This type of radiation is invisible to the human eye, but can be detected by special equipment. IR spectrometers are often used in scientific research and manufacturing processes.
Some of the major companies in the ir spectrometers market are Thermo Fisher, Foss A/S, Bruker, PerkinElmer, Buchi Labortechnik, Unity Scientific (KPM Analytics), ABB, Agilent Technologies, Shimadzu, Guided Wave (Advanced Group), Thermo Fisher, ZEUTEC, Sartorius, Yokogawa Electric.
The ir spectrometers 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 IR 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 IR Spectrometers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IR 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 IR 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 IR Spectrometers Market Size & Forecast, 2018-2028
4.5.1 IR Spectrometers Market Size and Y-o-Y Growth
4.5.2 IR Spectrometers Market Absolute $ Opportunity
Chapter 5 Global IR Spectrometers 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 IR Spectrometers Market Size Forecast by Type
5.2.1 MIR
5.2.2 FIR
5.2.3 NIR
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IR Spectrometers 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 IR Spectrometers Market Size Forecast by Applications
6.2.1 Polymer Industry
6.2.2 Food and Agriculture Industry
6.2.3 Pharmaceutical Industry
6.2.4 Oil and Gas
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IR 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 IR 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 IR Spectrometers Analysis and Forecast
9.1 Introduction
9.2 North America IR Spectrometers 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 IR Spectrometers Market Size Forecast by Type
9.6.1 MIR
9.6.2 FIR
9.6.3 NIR
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 IR Spectrometers Market Size Forecast by Applications
9.10.1 Polymer Industry
9.10.2 Food and Agriculture Industry
9.10.3 Pharmaceutical Industry
9.10.4 Oil and Gas
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 IR Spectrometers Analysis and Forecast
10.1 Introduction
10.2 Europe IR Spectrometers 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 IR Spectrometers Market Size Forecast by Type
10.6.1 MIR
10.6.2 FIR
10.6.3 NIR
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 IR Spectrometers Market Size Forecast by Applications
10.10.1 Polymer Industry
10.10.2 Food and Agriculture Industry
10.10.3 Pharmaceutical Industry
10.10.4 Oil and Gas
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 IR Spectrometers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IR Spectrometers 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 IR Spectrometers Market Size Forecast by Type
11.6.1 MIR
11.6.2 FIR
11.6.3 NIR
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 IR Spectrometers Market Size Forecast by Applications
11.10.1 Polymer Industry
11.10.2 Food and Agriculture Industry
11.10.3 Pharmaceutical Industry
11.10.4 Oil and Gas
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 IR Spectrometers Analysis and Forecast
12.1 Introduction
12.2 Latin America IR Spectrometers 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 IR Spectrometers Market Size Forecast by Type
12.6.1 MIR
12.6.2 FIR
12.6.3 NIR
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 IR Spectrometers Market Size Forecast by Applications
12.10.1 Polymer Industry
12.10.2 Food and Agriculture Industry
12.10.3 Pharmaceutical Industry
12.10.4 Oil and Gas
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) IR Spectrometers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IR Spectrometers 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) IR Spectrometers Market Size Forecast by Type
13.6.1 MIR
13.6.2 FIR
13.6.3 NIR
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) IR Spectrometers Market Size Forecast by Applications
13.10.1 Polymer Industry
13.10.2 Food and Agriculture Industry
13.10.3 Pharmaceutical Industry
13.10.4 Oil and Gas
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 IR Spectrometers Market: Competitive Dashboard
14.2 Global IR Spectrometers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermo Fisher
14.3.2 Foss A/S
14.3.3 Bruker
14.3.4 PerkinElmer
14.3.5 Buchi Labortechnik
14.3.6 Unity Scientific (KPM Analytics)
14.3.7 ABB
14.3.8 Agilent Technologies
14.3.9 Shimadzu
14.3.10 Guided Wave (Advanced Group)
14.3.11 Thermo Fisher
14.3.12 ZEUTEC
14.3.13 Sartorius
14.3.14 Yokogawa Electric
