Market Overview:
The global near infrared spectroradiometer market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The increasing demand for near infrared spectroradiometers in various applications such as panel, lighting, and others is one of the major factors driving the growth of this market. Additionally, the growing demand for portable type near infrared spectroradiometers is another key factor propelling the growth of this market. However, high cost associated with these devices may restrain the growth of this market to some extent during the forecast period.
Product Definition:
Near Infrared Spectroradiometer is a device that measures the spectral reflectance of objects in near-infrared region of electromagnetic spectrum. It is used to study the physical and chemical properties of materials.
Benchtop Type:
The global benchtop type, it's usage and growth factor in near infrared spectrometer market size was valued at USD 4.5 billion in 2015. The increasing demand for process analytical instruments by various end-use industries such as food & beverages, pharmaceuticals, water treatment is expected to drive the industry over the forecast period.
Portable Type:
The Portable Type is the latest technology used in Near Infrared Spectroradiometer (NIRS) market. It is a type of spectrometer that measures light in the near infrared region. The major advantage of using this device over others is that it can be taken anywhere and its measurements are more precise as compared to other devices having similar functionality.
This technology has been around for quite some time but was not much popular due to high cost.
Application Insights:
Based on applications, the market has been segmented into panel measurement, lighting measurement, others. The others segment includes surveying and mapping. Panel near-infrared spectroscopy is used for measuring the surface temperature of various materials such as paints and plastics. It provides information related to material composition by analyzing the Near-Infrared (NIR) spectrum of a sample.
The application in measuring panels is expected to witness significant growth over the forecast period owing to its wide usage in monitoring solar energy systems and tracking energy consumption trends among other applications such as building diagnostics and maintenance scheduling among many more uses that are detailed at ¢â‚¬Å“www.nirleadsgloballlc.com/blog/near-infrared-spectroscopy-panel/#application=panels ¢â‚¬ according to Nirlead LLC.
Regional Analysis:
North America dominated the global near-infrared spectroradiometer market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period as well owing to technological advancements and high adoption rate of new technologies. Moreover, presence of key players such as Sea & Land Technology Inc.; Optech; and Radiance Technologies, Inc. is also contributing towards growth in this region.
Asia Pacific is anticipated to be the fastest growing regional market from 2018 to 2030 due to increasing demand for consumer electronics products along with rising government spending on infrastructure development projects particularly in India and China.
The Middle East & Africa (MEA) region has a large oil & gas sector which contributes significantly towards GDPs thereby creating opportunities for near-infrared technology providers especially Sealevel Technology Co., Ltd.
Growth Factors:
- Increasing demand for precision farming and livestock monitoring
- Growing awareness about the benefits of NIRS technology among farmers and other end users
- Proliferation of digital agriculture platforms and services that promote the use of NIRS
- Development of new applications for NIRS in areas such as food safety, quality control, and environmental monitoring
- Advances in sensor technology that improve the performance and affordability of NIRS devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Near Infrared Spectroradiometer Market Research Report
By Type
Benchtop Type, Portable Type
By Application
Panel, Lighting, Others
By Companies
Topcon Technohouse, Konica Minolta, Jadak Technologies, Inc. (Photo Research, Inc.), ABB, Gamma Scientific, HORIBA, International Light Technologies Inc., Apogee Instruments, Inc., Analytik Ltd, Malvern Panalytical, StellarNet, Edmund Optics, Pro-Lite
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Near Infrared Spectroradiometer Market Report Segments:
The global Near Infrared Spectroradiometer market is segmented on the basis of:
Types
Benchtop Type, Portable Type
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
Panel, Lighting, 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:
- Topcon Technohouse
- Konica Minolta
- Jadak Technologies, Inc. (Photo Research, Inc.)
- ABB
- Gamma Scientific
- HORIBA
- International Light Technologies Inc.
- Apogee Instruments, Inc.
- Analytik Ltd
- Malvern Panalytical
- StellarNet
- Edmund Optics
- Pro-Lite
Highlights of The Near Infrared Spectroradiometer 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:
- Benchtop Type
- Portable Type
- By Application:
- Panel
- Lighting
- 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 Near Infrared Spectroradiometer 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?
Near infrared spectroradiometer (NIRS) is a sensor that measures the intensity of near-infrared radiation. This type of radiation is emitted by objects and surfaces, and can be used to determine their temperature. NIRS can also be used to measure blood flow, body composition, and other physiological parameters in humans or animals.
Some of the major companies in the near infrared spectroradiometer market are Topcon Technohouse, Konica Minolta, Jadak Technologies, Inc. (Photo Research, Inc.), ABB, Gamma Scientific, HORIBA, International Light Technologies Inc., Apogee Instruments, Inc., Analytik Ltd, Malvern Panalytical, StellarNet, Edmund Optics, Pro-Lite.
The near infrared spectroradiometer 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 Near Infrared Spectroradiometer 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 Near Infrared Spectroradiometer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Near Infrared Spectroradiometer 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 Near Infrared Spectroradiometer 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 Near Infrared Spectroradiometer Market Size & Forecast, 2020-2028
4.5.1 Near Infrared Spectroradiometer Market Size and Y-o-Y Growth
4.5.2 Near Infrared Spectroradiometer 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 Benchtop Type
5.2.2 Portable Type
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 Panel
6.2.2 Lighting
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Near Infrared Spectroradiometer 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 Near Infrared Spectroradiometer 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 Benchtop Type
9.6.2 Portable Type
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 Panel
9.10.2 Lighting
9.10.3 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 Benchtop Type
10.6.2 Portable Type
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 Panel
10.10.2 Lighting
10.10.3 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 Benchtop Type
11.6.2 Portable Type
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 Panel
11.10.2 Lighting
11.10.3 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 Benchtop Type
12.6.2 Portable Type
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 Panel
12.10.2 Lighting
12.10.3 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 Benchtop Type
13.6.2 Portable Type
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 Panel
13.10.2 Lighting
13.10.3 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 Near Infrared Spectroradiometer Market: Competitive Dashboard
14.2 Global Near Infrared Spectroradiometer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Topcon Technohouse
14.3.2 Konica Minolta
14.3.3 Jadak Technologies, Inc. (Photo Research, Inc.)
14.3.4 ABB
14.3.5 Gamma Scientific
14.3.6 HORIBA
14.3.7 International Light Technologies Inc.
14.3.8 Apogee Instruments, Inc.
14.3.9 Analytik Ltd
14.3.10 Malvern Panalytical
14.3.11 StellarNet
14.3.12 Edmund Optics
14.3.13 Pro-Lite
