Market Overview:
The global photoelectric direct reading spectrometer market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for photoelectric direct reading spectrometers from various applications such as laboratories, electric power, colleges and universities, and others. Additionally, the growing demand for miniaturized and portable photoelectric direct reading spectrometers is also contributing to the growth of this market.
Product Definition:
A photoelectric direct reading spectrometer (PEDRS) is a device used to measure the wavelengths of light. It does this by splitting light into its component colors and measuring the intensity of each color. This information can then be used to create a spectrum, which is a graph that shows how much light is present at each wavelength. PEDRSs are important because they can be used to determine the composition of materials by analyzing their spectra.
Desktop Type:
The global desktop type market size was valued at USD 6.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of its increasing demand for analyzing food, pharmaceuticals, chemicals & petroleum products and other industrial sectors. The growing use of desktop types in various applications such as quality control & inspection, research & development activities has led to an increase in their adoption globally which will propel growth over the next seven years.
Vertical Type:
Vertical type is a device used to measure the concentration of an element in the vertical plane. It can be used for analyzing different types of samples such as gas, liquid, and solid. The sample is placed in a container which has attached to it a small light source that illuminates the sample and allows detection using photodiode array sensor or photoelectric cell.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is projected to witness significant growth over the forecast period. The photoelectric direct reading spectrometer is widely used in laboratories, colleges and universities, electric power plants, etc. owing to its benefits such as easy installation & maintenance; fast & accurate measurement; low cost of ownership; high precision; etc. These types of DRS are preferred due to their small size and lightweight which makes it portable across different locations within a plant or an office without occupying much space.
Laboratory applications dominated the overall market with a revenue share of more than 40% in 2017 on account of its wide-spread use for analyzing samples by measuring various properties such as mass concentration, purity (specific gravity), volume concentration (using Volumetric Analysis technique), temperature range analysis using Differential Thermal Analysis technique).
Regional Analysis:
North America accounted for the largest revenue share in 2017. The region is expected to maintain its lead over the forecast period owing to increasing R&D activities and technological advancements. Moreover, government initiatives coupled with funding support are anticipated to fuel industry growth in this region. For instance, National Science Foundation (NSF) has provided funds worth USD X million for research on forest health monitoring using DRS technology across U.S.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period due to rising demand from electric power sector for water loss detection in thermal power plants and other energy generation facilities as well as laboratories used by various colleges and universities across countries such as China, Japan, South Korea, India among others).
Growth Factors:
- Increasing demand for photoelectric direct reading spectrometers in the food and beverage industry for quality control and research purposes
- Growing popularity of portable photoelectric direct reading spectrometers, which are easy to use and provide fast results
- Rising demand from pharmaceutical and biotechnology companies for accurate spectral analysis of drugs, proteins, and other biomolecules
- Advances in optical technology that have led to the development of more compact and affordable photoelectric direct reading spectrometers
- The growing trend toward laboratory-on-a-chip (LOC) devices that integrate multiple analytical techniques onto a single platform
Scope Of The Report
Report Attributes
Report Details
Report Title
Photoelectric Direct Reading Spectrometer Market Research Report
By Type
Desktop Type, Vertical Type
By Application
Laboratory, Electric Power, Colleges and Universities, Others
By Companies
Thermo Fisher Scientific, BRUKER, Shimadzu, SPECTRO Analytical Instruments, NCS Testing Technology, Focused Photonics, Skyray Instrument, BELEC, Beijing Beifen-Ruili Analytical In, Thermo Fisher Scientific
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Photoelectric Direct Reading Spectrometer Market Report Segments:
The global Photoelectric Direct Reading Spectrometer market is segmented on the basis of:
Types
Desktop Type, Vertical 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
Laboratory, Electric Power, Colleges and Universities, 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
- BRUKER
- Shimadzu
- SPECTRO Analytical Instruments
- NCS Testing Technology
- Focused Photonics
- Skyray Instrument
- BELEC
- Beijing Beifen-Ruili Analytical In
- Thermo Fisher Scientific
Highlights of The Photoelectric Direct Reading Spectrometer 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:
- Desktop Type
- Vertical Type
- By Application:
- Laboratory
- Electric Power
- Colleges and Universities
- 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 Photoelectric Direct Reading Spectrometer 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 photoelectric direct reading spectrometer (PDS) is a type of spectrometer that uses light to measure the concentration or amount of an element in a sample.
Some of the key players operating in the photoelectric direct reading spectrometer market are Thermo Fisher Scientific, BRUKER, Shimadzu, SPECTRO Analytical Instruments, NCS Testing Technology, Focused Photonics, Skyray Instrument, BELEC, Beijing Beifen-Ruili Analytical In, Thermo Fisher Scientific.
The photoelectric direct reading spectrometer 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 Photoelectric Direct Reading Spectrometer 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 Photoelectric Direct Reading Spectrometer Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Photoelectric Direct Reading Spectrometer 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 Photoelectric Direct Reading Spectrometer 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 Photoelectric Direct Reading Spectrometer Market Size & Forecast, 2018-2028 4.5.1 Photoelectric Direct Reading Spectrometer Market Size and Y-o-Y Growth 4.5.2 Photoelectric Direct Reading Spectrometer Market Absolute $ Opportunity
Chapter 5 Global Photoelectric Direct Reading Spectrometer 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 Photoelectric Direct Reading Spectrometer Market Size Forecast by Type
5.2.1 Desktop Type
5.2.2 Vertical Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Photoelectric Direct Reading Spectrometer 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 Photoelectric Direct Reading Spectrometer Market Size Forecast by Applications
6.2.1 Laboratory
6.2.2 Electric Power
6.2.3 Colleges and Universities
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photoelectric Direct Reading Spectrometer 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 Photoelectric Direct Reading Spectrometer 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 Photoelectric Direct Reading Spectrometer Analysis and Forecast
9.1 Introduction
9.2 North America Photoelectric Direct Reading Spectrometer 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 Photoelectric Direct Reading Spectrometer Market Size Forecast by Type
9.6.1 Desktop Type
9.6.2 Vertical 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 Photoelectric Direct Reading Spectrometer Market Size Forecast by Applications
9.10.1 Laboratory
9.10.2 Electric Power
9.10.3 Colleges and Universities
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 Photoelectric Direct Reading Spectrometer Analysis and Forecast
10.1 Introduction
10.2 Europe Photoelectric Direct Reading Spectrometer 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 Photoelectric Direct Reading Spectrometer Market Size Forecast by Type
10.6.1 Desktop Type
10.6.2 Vertical 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 Photoelectric Direct Reading Spectrometer Market Size Forecast by Applications
10.10.1 Laboratory
10.10.2 Electric Power
10.10.3 Colleges and Universities
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 Photoelectric Direct Reading Spectrometer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Photoelectric Direct Reading Spectrometer 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 Photoelectric Direct Reading Spectrometer Market Size Forecast by Type
11.6.1 Desktop Type
11.6.2 Vertical 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 Photoelectric Direct Reading Spectrometer Market Size Forecast by Applications
11.10.1 Laboratory
11.10.2 Electric Power
11.10.3 Colleges and Universities
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 Photoelectric Direct Reading Spectrometer Analysis and Forecast
12.1 Introduction
12.2 Latin America Photoelectric Direct Reading Spectrometer 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 Photoelectric Direct Reading Spectrometer Market Size Forecast by Type
12.6.1 Desktop Type
12.6.2 Vertical 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 Photoelectric Direct Reading Spectrometer Market Size Forecast by Applications
12.10.1 Laboratory
12.10.2 Electric Power
12.10.3 Colleges and Universities
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) Photoelectric Direct Reading Spectrometer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Photoelectric Direct Reading Spectrometer 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) Photoelectric Direct Reading Spectrometer Market Size Forecast by Type
13.6.1 Desktop Type
13.6.2 Vertical 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) Photoelectric Direct Reading Spectrometer Market Size Forecast by Applications
13.10.1 Laboratory
13.10.2 Electric Power
13.10.3 Colleges and Universities
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 Photoelectric Direct Reading Spectrometer Market: Competitive Dashboard
14.2 Global Photoelectric Direct Reading Spectrometer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermo Fisher Scientific
14.3.2 BRUKER
14.3.3 Shimadzu
14.3.4 SPECTRO Analytical Instruments
14.3.5 NCS Testing Technology
14.3.6 Focused Photonics
14.3.7 Skyray Instrument
14.3.8 BELEC
14.3.9 Beijing Beifen-Ruili Analytical In
14.3.10 Thermo Fisher Scientific