Market Overview:
The Global Trace Chemical Detector Market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for trace chemical detectors in security & defence, oil & gas, chemical & pharmaceutical, healthcare & research and aerospace applications. Additionally, the increasing awareness about safety and security among consumers is also fuelling the demand for trace chemical detectors globally. The global Trace Chemical Detector market can be segmented on the basis of type into benchtop trace chemical detector and portable trace chemical detector. The benchtop type dominates the market owing to its high accuracy and precision in detecting chemicals as compared to portable detectors. On the basis of application, security & defence accounts for a major share of the global Trace Chemical Detector market followed by oil & gas,chemical& pharmaceuticals healthcare& research and aerospace applications respectively.
Product Definition:
A Trace Chemical Detector is a device which is used to identify and measure the concentration of specific chemicals in a given sample. The importance of Trace Chemical Detectors lies in their ability to detect very small concentrations of chemicals, which can be important for forensic investigations, environmental monitoring, and other applications.
Benchtop Trace Chemical Detector:
Trace chemical detector is a device used to detect and identify various chemicals by their characteristic odor and/or taste. These detectors are usually small in size, portable, and can be used directly on the surface. They are also known as point of care (POC) devices because they provide accurate results without the need for laboratory testing or complex instrumentation.
Portable Trace Chemical Detector:
A portable trace chemical detector is a device used to detect chemicals, which are present in small quantities. It can be used for both industrial and domestic purposes. The market for portable trace chemical detectors has been growing at a steady pace owing to the increasing awareness about its benefits among consumers across the world.
Application Insights:
The market is segmented on the basis of application into security and defence, oil and gas, chemical and pharmaceutical, healthcare research and aerospace. The oil and gas industry was the largest revenue contributor in 2016. It is also expected to be one of the fastest-growing industries over the forecast period owing to increasing global energy needs as well as production levels from existing reserves. This growth factor has led to an increased demand for tracer chemicals in order to optimize extraction processes across various verticals within this industry such as exploration & production.
In addition, a rise in environmental concerns regarding exhaust emissions from conventional diesel engines used for drilling operations has led major players including Honeywell International Inc., Fluke Corporation Ltd., Siemens PLM Software Inc.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to stringent government regulations and guidelines for chemical safety, which has resulted in increased demand for trace chemical detectors. Furthermore, increasing investments by governments and private players in R&D activities to develop innovative technologies are expected to fuel regional market growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rapid industrialization coupled with a large number of manufacturing facilities across various industries such as aerospace & defense, automotive, pharmaceuticals, food & beverage and others. In addition, rising concerns regarding workplace health and safety along with strict regulatory norms are expected drive product demand over the next eight years.
Growth Factors:
- Increasing demand for trace chemical detectors in various industries such as food and beverage, environmental testing, and pharmaceuticals due to the growing awareness of the benefits of using these detectors.
- The increasing use of trace chemical detectors in homeland security and defense applications to detect potential threats from terrorist activities or warfare.
- The rising demand for portable trace chemical detectors owing to their ease of use and portability. This is particularly beneficial in field applications where real-time detection is required.
- Growing investments by governments worldwide in research and development programs for advanced trace chemical detection technologies that can offer enhanced performance over traditional methods. 5) Technological advancements that are taking place across the entire value chain of trace chemical detector market are resulting in innovative products with better sensitivity, accuracy, speed, and reliability being launched into the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Trace Chemical Detector Market Research Report
By Type
Benchtop Trace Chemical Detector, Portable Trace Chemical Detector
By Application
Security & Defence, Oil & Gas, Chemical & Pharmaceutical, Healthcare & Research, Aerospace, Others
By Companies
ABB, Siemens, Hitachi High-Tech, Shimadzu, Bruker, Horiba, FLIR Systems, Ametek (Ortec), Thermo Fisher Scientific, Westminster International, Smiths Detection, Autoclear, LLC, Morphix Technologies, Nuctech Company
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Trace Chemical Detector Market Report Segments:
The global Trace Chemical Detector market is segmented on the basis of:
Types
Benchtop Trace Chemical Detector, Portable Trace Chemical Detector
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
Security & Defence, Oil & Gas, Chemical & Pharmaceutical, Healthcare & Research, Aerospace, 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:
- ABB
- Siemens
- Hitachi High-Tech
- Shimadzu
- Bruker
- Horiba
- FLIR Systems
- Ametek (Ortec)
- Thermo Fisher Scientific
- Westminster International
- Smiths Detection
- Autoclear, LLC
- Morphix Technologies
- Nuctech Company
Highlights of The Trace Chemical Detector 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 Trace Chemical Detector
- Portable Trace Chemical Detector
- By Application:
- Security & Defence
- Oil & Gas
- Chemical & Pharmaceutical
- Healthcare & Research
- Aerospace
- 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 Trace Chemical Detector 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?
Trace Chemical Detector is a handheld device that can be used to detect the presence of chemicals in air, water, and soil. The detector uses an array of sensors to identify different types of chemicals, including volatile organic compounds (VOCs), hazardous materials, and toxins.
Some of the major companies in the trace chemical detector market are ABB, Siemens, Hitachi High-Tech, Shimadzu, Bruker, Horiba, FLIR Systems, Ametek (Ortec), Thermo Fisher Scientific, Westminster International, Smiths Detection, Autoclear, LLC, Morphix Technologies, Nuctech Company.
The trace chemical detector market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Trace Chemical Detector Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Trace Chemical Detector Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Trace Chemical Detector Market - Supply Chain
4.5. Global Trace Chemical Detector Market Forecast
4.5.1. Trace Chemical Detector Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Trace Chemical Detector Market Size (000 Units) and Y-o-Y Growth
4.5.3. Trace Chemical Detector Market Absolute $ Opportunity
5. Global Trace Chemical Detector Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Trace Chemical Detector Market Size and Volume Forecast by Type
5.3.1. Benchtop Trace Chemical Detector
5.3.2. Portable Trace Chemical Detector
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Trace Chemical Detector Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Trace Chemical Detector Market Size and Volume Forecast by Application
6.3.1. Security & Defence
6.3.2. Oil & Gas
6.3.3. Chemical & Pharmaceutical
6.3.4. Healthcare & Research
6.3.5. Aerospace
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Trace Chemical Detector Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Trace Chemical Detector Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Trace Chemical Detector Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Trace Chemical Detector Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Trace Chemical Detector Demand Share Forecast, 2019-2026
9. North America Trace Chemical Detector Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Trace Chemical Detector Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Trace Chemical Detector Market Size and Volume Forecast by Application
9.4.1. Security & Defence
9.4.2. Oil & Gas
9.4.3. Chemical & Pharmaceutical
9.4.4. Healthcare & Research
9.4.5. Aerospace
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Trace Chemical Detector Market Size and Volume Forecast by Type
9.7.1. Benchtop Trace Chemical Detector
9.7.2. Portable Trace Chemical Detector
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Trace Chemical Detector Demand Share Forecast, 2019-2026
10. Latin America Trace Chemical Detector Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Trace Chemical Detector Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Trace Chemical Detector Market Size and Volume Forecast by Application
10.4.1. Security & Defence
10.4.2. Oil & Gas
10.4.3. Chemical & Pharmaceutical
10.4.4. Healthcare & Research
10.4.5. Aerospace
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Trace Chemical Detector Market Size and Volume Forecast by Type
10.7.1. Benchtop Trace Chemical Detector
10.7.2. Portable Trace Chemical Detector
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Trace Chemical Detector Demand Share Forecast, 2019-2026
11. Europe Trace Chemical Detector Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Trace Chemical Detector Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Trace Chemical Detector Market Size and Volume Forecast by Application
11.4.1. Security & Defence
11.4.2. Oil & Gas
11.4.3. Chemical & Pharmaceutical
11.4.4. Healthcare & Research
11.4.5. Aerospace
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Trace Chemical Detector Market Size and Volume Forecast by Type
11.7.1. Benchtop Trace Chemical Detector
117.2. Portable Trace Chemical Detector
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Trace Chemical Detector Demand Share, 2019-2026
12. Asia Pacific Trace Chemical Detector Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Trace Chemical Detector Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Trace Chemical Detector Market Size and Volume Forecast by Application
12.4.1. Security & Defence
12.4.2. Oil & Gas
12.4.3. Chemical & Pharmaceutical
12.4.4. Healthcare & Research
12.4.5. Aerospace
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Trace Chemical Detector Market Size and Volume Forecast by Type
12.7.1. Benchtop Trace Chemical Detector
12.7.2. Portable Trace Chemical Detector
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Trace Chemical Detector Demand Share, 2019-2026
13. Middle East & Africa Trace Chemical Detector Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Trace Chemical Detector Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Trace Chemical Detector Market Size and Volume Forecast by Application
13.4.1. Security & Defence
13.4.2. Oil & Gas
13.4.3. Chemical & Pharmaceutical
13.4.4. Healthcare & Research
13.4.5. Aerospace
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Trace Chemical Detector Market Size and Volume Forecast by Type
13.7.1. Benchtop Trace Chemical Detector
13.7.2. Portable Trace Chemical Detector
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Trace Chemical Detector Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Trace Chemical Detector Market: Market Share Analysis
14.2. Trace Chemical Detector Distributors and Customers
14.3. Trace Chemical Detector Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hitachi High-Tech
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shimadzu
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bruker
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Horiba
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FLIR Systems
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ametek (Ortec)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Thermo Fisher Scientific
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Westminster International
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Smiths Detection
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Autoclear, LLC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Morphix Technologies
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Nuctech Company
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
