Market Overview:
The global XRF spectrometer market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for XRF spectrometers from various end-use industries, such as metallurgical industry, building materials, commodity inspection, and environmental protection. In addition, technological advancements in XRF spectrometers are also contributing to the growth of this market. Based on type, WD-XRF spectrometer held a major share of the global XRF spectrometer market in 2017 and is expected to continue its dominance during the forecast period. This can be attributed to its low price and easy operability as compared with other types of XRF spectrometers available in the market.
Product Definition:
An XRF spectrometer is a scientific instrument used to measure the elemental composition of a sample. It works by bombarding the sample with X-rays, which cause the atoms in the sample to emit energy in the form of fluorescent light. The intensity of this light can be used to determine the amount of each element in the sample.
WD-XRF Spectrometer:
The World's first and only W-D-XRF spectrometer was developed by a team of researchers at the University of Bristol, UK. The device is capable to analyze chemical compounds in less time than conventional techniques such as IR or Mass Spectrometry. It also provides higher accuracy and precision with lower sample volumes which are usually required for other techniques.
ED-XRF Spectrometer:
ED-XRF spectrometer is an X-ray fluorescence spectrometer which can be used for a wide range of applications in the chemical, pharmaceutical and food industries. ED-XRF spectrometer has several advantages over other conventional techniques such as high resolution, high speed and it provides quantitative results. The major advantage of this technique is that it does not require any complex sample preparation procedures like HPLC or LC/MS; hence it saves time & cost significantly.
Application Insights:
The metallurgical industry was the largest application segment in 2017. The growth can be attributed to increasing demand for x-ray fluorescence spectrometers from various industries, such as automotive, aerospace and defense. In addition, factors such as growing concerns over scrap and waste generation across various industries are expected to drive the product demand in this segment over the forecast period.
Building materials were another prominent application segment accounting for a share of 15% in 2017 owing to an increase in construction activities globally. Rapid urbanization along with rising housing needs is likely to contribute towards increased building material production across economies worldwide which is anticipated to further fuel product demand over the forecast period.
The commodity inspection sub-segment accounted for a significant share of 11%in 2017 owingto an increase inthe numberof cross border trade activities coupled with regulations that require physical inspection of commodities including precious metals.
Regional Analysis:
North America dominated the global XRF spectrometer market in 2016. The region is expected to maintain its position during the forecast period owing to increasing demand for spectrometers from various end-use industries, such as metallurgical and mineral processing. In addition, growing mining activities in countries such as Canada and Mexico are anticipated to drive the product demand over the next eight years.
The Asia Pacific XRF spectrometer market is likely to witness significant growth over the forecast period owing to rapid industrialization coupled with expanding infrastructure development in India, China, Japan, South Korea and Taiwan. In addition, rising government initiatives towards improving environmental conditions are expected drive product demand across several industries including environmental protection & safety (EPA), food & beverage (F&B) and pharmaceuticals in these economies during the same period of time.
Growth Factors:
- Increasing demand for XRF spectrometers from the mining and metallurgy industry for accurate and fast analysis of elemental composition of ores and metals.
- Growing popularity of XRF spectrometers in research institutes and universities for elemental analysis of various materials.
- Rising demand from the pharmaceutical industry for quality control during drug development process.
- Increasing use of XRF spectrometers in forensic laboratories to identify unknown substances or elements in evidence samples.
Scope Of The Report
Report Attributes
Report Details
Report Title
XRF Spectrometer Market Research Report
By Type
WD-XRF Spectrometer, ED-XRF Spectrometer
By Application
Metallurgical Industry, Building Materials, Commodity Inspection, Environmental Protection
By Companies
SPECTRO (Germany), General Electric Company (US), Nordson DAGE (UK), Sartorius Intec (Germany), Shimadzu Corporation (Japan), Thermo Fisher Scientific, Inc. (US)
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
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global XRF Spectrometer Market Report Segments:
The global XRF Spectrometer market is segmented on the basis of:
Types
WD-XRF Spectrometer, ED-XRF Spectrometer
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
Metallurgical Industry, Building Materials, Commodity Inspection, Environmental Protection
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 (Germany)
- General Electric Company (US)
- Nordson DAGE (UK)
- Sartorius Intec (Germany)
- Shimadzu Corporation (Japan)
- Thermo Fisher Scientific, Inc. (US)
Highlights of The XRF 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:
- WD-XRF Spectrometer
- ED-XRF Spectrometer
- By Application:
- Metallurgical Industry
- Building Materials
- Commodity Inspection
- Environmental Protection
- 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 XRF 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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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 XRF spectrometer is a device that can be used to identify the elements present in a sample. By measuring the amount of energy emitted by an element when it is irradiated with x-rays, the spectrometer can determine which elements are present in the sample.
Some of the major players in the xrf spectrometer market are SPECTRO (Germany), General Electric Company (US), Nordson DAGE (UK), Sartorius Intec (Germany), Shimadzu Corporation (Japan), Thermo Fisher Scientific, Inc. (US).
The xrf 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 XRF 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 XRF Spectrometer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 XRF 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 XRF 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 XRF Spectrometer Market Size & Forecast, 2018-2028
4.5.1 XRF Spectrometer Market Size and Y-o-Y Growth
4.5.2 XRF Spectrometer Market Absolute $ Opportunity
Chapter 5 Global XRF 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 XRF Spectrometer Market Size Forecast by Type
5.2.1 WD-XRF Spectrometer
5.2.2 ED-XRF Spectrometer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global XRF 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 XRF Spectrometer Market Size Forecast by Applications
6.2.1 Metallurgical Industry
6.2.2 Building Materials
6.2.3 Commodity Inspection
6.2.4 Environmental Protection
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global XRF 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 XRF 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 XRF Spectrometer Analysis and Forecast
9.1 Introduction
9.2 North America XRF 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 XRF Spectrometer Market Size Forecast by Type
9.6.1 WD-XRF Spectrometer
9.6.2 ED-XRF Spectrometer
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 XRF Spectrometer Market Size Forecast by Applications
9.10.1 Metallurgical Industry
9.10.2 Building Materials
9.10.3 Commodity Inspection
9.10.4 Environmental Protection
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 XRF Spectrometer Analysis and Forecast
10.1 Introduction
10.2 Europe XRF 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 XRF Spectrometer Market Size Forecast by Type
10.6.1 WD-XRF Spectrometer
10.6.2 ED-XRF Spectrometer
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 XRF Spectrometer Market Size Forecast by Applications
10.10.1 Metallurgical Industry
10.10.2 Building Materials
10.10.3 Commodity Inspection
10.10.4 Environmental Protection
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 XRF Spectrometer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific XRF 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 XRF Spectrometer Market Size Forecast by Type
11.6.1 WD-XRF Spectrometer
11.6.2 ED-XRF Spectrometer
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 XRF Spectrometer Market Size Forecast by Applications
11.10.1 Metallurgical Industry
11.10.2 Building Materials
11.10.3 Commodity Inspection
11.10.4 Environmental Protection
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 XRF Spectrometer Analysis and Forecast
12.1 Introduction
12.2 Latin America XRF 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 XRF Spectrometer Market Size Forecast by Type
12.6.1 WD-XRF Spectrometer
12.6.2 ED-XRF Spectrometer
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 XRF Spectrometer Market Size Forecast by Applications
12.10.1 Metallurgical Industry
12.10.2 Building Materials
12.10.3 Commodity Inspection
12.10.4 Environmental Protection
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) XRF Spectrometer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) XRF 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) XRF Spectrometer Market Size Forecast by Type
13.6.1 WD-XRF Spectrometer
13.6.2 ED-XRF Spectrometer
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) XRF Spectrometer Market Size Forecast by Applications
13.10.1 Metallurgical Industry
13.10.2 Building Materials
13.10.3 Commodity Inspection
13.10.4 Environmental Protection
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 XRF Spectrometer Market: Competitive Dashboard
14.2 Global XRF Spectrometer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SPECTRO (Germany)
14.3.2 General Electric Company (US)
14.3.3 Nordson DAGE (UK)
14.3.4 Sartorius Intec (Germany)
14.3.5 Shimadzu Corporation (Japan)
14.3.6 Thermo Fisher Scientific, Inc. (US)
