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.
Market Size
The global Atomic Spectroscopy Market is expected to reach USD 5.60 Billion by 2020 from USD 4.18 Billion in 2015 at a CAGR of 6.0% during the forecast period.
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“In 2015, atomic absorption segment is estimated to account for the major share in Atomic Spectroscopy Market”
Based on technology, 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”
Based on application, the market is segmented into pharmaceuticals & biotechnology, industrial chemistry, environmental testing, food & beverage testing, petrochemical, geochemical/mining and others. In 2015, the food & beverage testing segment is estimated to account for the major share of the atomic spectroscopy market.
Recent Developments
- In 2013, the Agilent Technologies launched the 7900 ICP-MS and 4200 MP-AES. These launches aided the company in expanding its product portfolio in the spectroscopy market and in acquiring new customers.
- In June 2012, Thermo Fisher Scientific, Inc. introduced an X-Ray Fluorescence spectrometer named ARL PERFORM’X for advanced material characterization
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