The growth of the overall market can be contributed to rising investments, funds, and grants by government bodies worldwide and technological advancements. In addition, growing food safety concerns and stringent regulations have contributed to market growth. In the coming years, the atomic spectroscopy market is expected to witness the highest growth rate in the Asia-Pacific region, with emphasis on India, China, and Japan.
What the Market Looks Like?
Predicted to grow at a CAGR of 6.0% during the forecast period, the global Atomic Spectroscopy marketis estimated to reach USD 5.60 Billion by the end of 2020.
“In 2015, atomic absorption segment is estimated to account for the major share in Atomic Spectroscopy Market”
The atomic spectroscopy market is categorized into atomic absorption, X-ray Diffraction, x-ray fluorescence, ICP-MS, ICP-OES, Elemental Analyzers and other atomic spectroscopy. In 2015, atomic absorption segment is estimated to account for the major share of the atomic spectroscopy market.
“In 2015, the food & beverage testing segment is estimated to account for the major share of the atomic spectroscopy market”
The market is segmented into pharmaceuticals & biotechnology, industrial chemistry, environmental testing, food & beverage testing, petrochemical, and geochemical/mining and others. In 2015, the food & beverage testing segment is estimated to account for the major share of the atomic spectroscopy market.
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Geographical growth scenario of Atomic Spectroscopy Market
In 2015, North America is expected to account for the largest share of the atomic spectroscopy market, followed by Europe and Asia-Pacific. However, the Asia-Pacific market is slated to grow at the highest CAGR during the forecast period and serve as a revenue pocket for companies offering atomic spectroscopy equipment.
Leading market players
The prominent players in the Atomic Spectroscopy market include Thermo Fisher Scientific, Inc. (U.S.), PerkinElmer, Inc. (U.S.), Agilent Technologies (U.S.), Bruker Corporation (U.S.), Rigaku Corporation (Japan), and Shimadzu Corporation (Japan) among others.
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