Market Overview:
The global laser-induced plasma 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 handheld and desktop laser-induced plasma spectrometers from various application segments such as pharmaceutical, industrial, environmental testing, biotechnology, food & beverage and others. Additionally, the growing demand for these devices from regions such as North America, Latin America, Europe Asia Pacific and Middle East & Africa is also contributing to the growth of this market.
Product Definition:
Laser-induced plasma spectrometers use lasers to create a plasma, which is then used to produce spectral lines. These devices are used to measure the spectral lines of elements in a sample. The importance of laser-induced plasma spectrometers is that they can be used to accurately measure the concentrations of elements in a sample.
Handheld:
Handheld, it's usage and growth factor in Laser-induced Plasma Spectrometers market is expected to witness significant growth over the forecast period. The major drivers for this market are increasing demand for handheld devices due to growing number of applications in various fields such as biotechnology, pharmaceuticals and food industries. Moreover, technological advancements have led to introduction of advanced handheld devices with improved features which has further propelled the market growth.
Global Handheld, it's usage.
Desktop:
The desktop is the equipment used to create and modify a large number of spectra in order to perform quantitative analysis. It is also used as an interface between different instruments that require data from one or more spectrum ranges. The desktop can be further classified into two types, namely stationary and portable/laptop desktops.
Application Insights:
The environmental testing segment dominated the global market in terms of revenue share in 2017. The growth can be attributed to the rising demand for LIP spectrometers for air, water and soil testing applications across various industries. For instance, according to a study published by researchers from University of Delaware, U.S., it is estimated that around USD 60 million worth of pharmaceuticals are discarded every year due to their expiry date which goes unsold after being stored at room temperature for more than six months. This is expected to increase the demand for laser-induced plasma (LIP) spectrometers over the forecast period as they are used for analyzing drug stability & quality as well as determining if a drug has been altered while in storage or during transit through transportation media such as water and soil samples taken from construction sites and landfills respectively.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of research organizations and universities involved in R&D activities related to laser-induced plasma spectrometry. The region is expected to maintain its dominance throughout the forecast period owing to increasing R&D investments by various companies and rising adoption of LIDAR for industrial, environmental, and food testing applications.
Asia Pacific regional market captured significant share in 2017 due to increased government spending on healthcare infrastructure development coupled with growing awareness regarding health hazards associated with contaminated water supply systems, which are anticipated drive demand for LIDAR-based water contamination analysis over the forecast period. In addition, rapid urbanization coupled with limited regulatory framework pertaining towards safety standards pertaining towards lasers used for scientific research is also expected fuel growth over the next eight years.
Growth Factors:
- Increasing demand for laser-induced plasma spectrometers from the semiconductor and flat panel display industries for quality control and process monitoring.
- Growing popularity of laser-induced plasma spectrometers in the environmental testing market for air quality monitoring, water analysis, and soil analysis.
- Rising demand from research institutes and universities for use in elemental analysis, isotope ratio measurements, and trace element detection.
- Development of new applications such as food safety testing, homeland security & defense, pharmaceuticals & biotechnology that require high performance laser-induced plasma spectrometers with superior sensitivity and accuracy levels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser-induced Plasma Spectrometers Market Research Report
By Type
Handheld, Desktop
By Application
Pharmaceutical, Industrial, Environmental Testing, Biotechnology, Food & Beverage, Others
By Companies
Spectro, Shimadzu, Sentech, Hiden Analytical, Nu Instruments, Avantes, Labcompare, Optech Solutions, Beijing Huake Tiancheng, B&W Tek, Firestar Technologies, TSI
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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Laser-induced Plasma Spectrometers Market Report Segments:
The global Laser-induced Plasma Spectrometers market is segmented on the basis of:
Types
Handheld, Desktop
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, Industrial, Environmental Testing, Biotechnology, Food & Beverage, 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
- Shimadzu
- Sentech
- Hiden Analytical
- Nu Instruments
- Avantes
- Labcompare
- Optech Solutions
- Beijing Huake Tiancheng
- B&W Tek
- Firestar Technologies
- TSI
Highlights of The Laser-induced Plasma 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:
- Handheld
- Desktop
- By Application:
- Pharmaceutical
- Industrial
- Environmental Testing
- Biotechnology
- Food & Beverage
- 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 Laser-induced Plasma 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?
Laser-induced plasma spectrometers (LIPS) are a type of instrument used to measure the composition of gases and plasmas. They use a laser to create an intense, short-lived plasma in which the gas or plasma can be studied. LIPS can be used to study atmospheric chemistry, space science, and nuclear weapons testing.
Some of the major companies in the laser-induced plasma spectrometers market are Spectro, Shimadzu, Sentech, Hiden Analytical, Nu Instruments, Avantes, Labcompare, Optech Solutions, Beijing Huake Tiancheng, B&W Tek, Firestar Technologies, TSI.
The laser-induced plasma 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 Laser-induced Plasma 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 Laser-induced Plasma Spectrometers Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Laser-induced Plasma 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 Laser-induced Plasma 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 Laser-induced Plasma Spectrometers Market Size & Forecast, 2020-2028 4.5.1 Laser-induced Plasma Spectrometers Market Size and Y-o-Y Growth 4.5.2 Laser-induced Plasma 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 Handheld
5.2.2 Desktop
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
6.2.2 Industrial
6.2.3 Environmental Testing
6.2.4 Biotechnology
6.2.5 Food & Beverage
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laser-induced Plasma 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 Laser-induced Plasma 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 Handheld
9.6.2 Desktop
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
9.10.2 Industrial
9.10.3 Environmental Testing
9.10.4 Biotechnology
9.10.5 Food & Beverage
9.10.6 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 Handheld
10.6.2 Desktop
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
10.10.2 Industrial
10.10.3 Environmental Testing
10.10.4 Biotechnology
10.10.5 Food & Beverage
10.10.6 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 Handheld
11.6.2 Desktop
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
11.10.2 Industrial
11.10.3 Environmental Testing
11.10.4 Biotechnology
11.10.5 Food & Beverage
11.10.6 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 Handheld
12.6.2 Desktop
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
12.10.2 Industrial
12.10.3 Environmental Testing
12.10.4 Biotechnology
12.10.5 Food & Beverage
12.10.6 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 Handheld
13.6.2 Desktop
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
13.10.2 Industrial
13.10.3 Environmental Testing
13.10.4 Biotechnology
13.10.5 Food & Beverage
13.10.6 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 Laser-induced Plasma Spectrometers Market: Competitive Dashboard
14.2 Global Laser-induced Plasma Spectrometers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Spectro
14.3.2 Shimadzu
14.3.3 Sentech
14.3.4 Hiden Analytical
14.3.5 Nu Instruments
14.3.6 Avantes
14.3.7 Labcompare
14.3.8 Optech Solutions
14.3.9 Beijing Huake Tiancheng
14.3.10 B&W Tek
14.3.11 Firestar Technologies
14.3.12 TSI