Global Elemental Analysis Market, Forecast to 2025

Global Elemental Analysis Market, Forecast to 2025

Need for a Single, Sophisticated, Yet Simple Instrument With Multifunctional Capabilities

RELEASE DATE
10-Sep-2019
REGION
Global
Research Code: K367-01-00-00-00
SKU: TM00601-GL-MR_23578

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Description

This market research published by Frost & Sullivan analyzes the global elemental analytical instrumentation market from 2015 to 2025, and the base year is 2018. At the start, the study provides key findings and CEO perspectives to highlight some important findings of the research service. This study paints a picture of the overall market in terms of revenue forecast of different regions, price and unit shipment trends, market share of key participants and their competitive analysis. It also dives deep into each product segment, with detailed information about its application, product selection requirements, revenue forecast, and key companies involved in product sales.

Research Scope

By product segment:

  • Atomic Absorption Spectrometer (AAS)
  • Atomic Emission Spectrometer/Optical Emission Spectrometer (AES/OES)
  • Inductively Coupled Plasma (ICP) includes Inductively Coupled Plasma-Mass Spectrometry (ICP-MS) and Inductively Coupled Plasma -Optical Emission Spectrometry (ICP-OES)

By end-user industry:

  • Pharma ,biotechnology, life sciences
  • Government and academic research institutions/labs
  • Environmental safety, agriculture research testing laboratories
  • Chemicals and petrochemicals
  • Metals and mining
  • Transportation
  • Others (semiconductors, textile, and so on)

Of the products segments, AAS is the most mature and is expected to have low growth and technological advancements during the forecast period. The segment that is expected to have the highest growth is ICP due to its highest level of sensitivity, selectivity, throughput, and analysis speed. Miniaturization and integration of the Industrial Internet of Things (IIoT) with these instruments is expected to attract more business for these products. Companies are already focusing on providing Artificial Intelligence (AI), Machine Learning (ML), and cloud services for data storage that can be used for predictive analytics. Instrument failure can be prevented even before it occurs by observing historic trends. This is expected to benefit customers by reducing downtime and ensures continuous running of operations. However, despite these opportunities, there are some challenges pertaining to end users’ unwillingness to invest in upgraded instruments to expand their  business and uncertainties in political situations that could expectedly slow down the growth of this market. Among IIoT services, Big Data analytics is most likely to have the highest demand because of an increased need to translate gigabytes of data collected from experiments into meaningful information.

Opportunities for the manufacturers lie in building unique instruments to detect new elements and to cater to process-based industries, as most of the instruments built so far are for lab purposes. Increase in regulations related to environmental, food, and pharmaceutical industries to ensure safety and authenticity, and increased demand for faster, more technologically advanced instruments are some driving factors for the growth of this market. Another common trend is the collaboration of university/research institutes with instrument manufacturers. The goal of these collaborations is to train students for running tests and experiments accurately in the future. Manufacturers, in turn, benefit from real-world student feedback, which helps improve the features of products and encourage further product innovation.

This study also contains an exclusive ‘India’ chapter that specifically covers the findings from the Indian market.


Table of Contents

Key Findings

Market Engineering Measurements

Market Engineering Measurements (continued)

CEO’s Perspective

CEO’s Perspective (continued)

Research Scope

Market Definitions

Market Definitions (continued)

Market Definitions (continued)

Market Definitions (continued)

Product Segmentation

Key Questions this Study will Answer

Market Segmentation

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

Forecast Assumptions

Revenue Forecast

Unit Shipment Forecast

Unit Shipment and Revenue Forecast Discussion

Pricing Trends Forecast

Pricing Trends and Forecast Discussion

Percent Revenue Forecast by Region

Revenue Forecast by Region

Revenue Forecast Discussion by Region

Revenue Forecast by Vertical Market

Revenue Forecast Discussion by Vertical Market

Market Engineering Measurements

Market Engineering Measurements (continued)

Revenue Forecast

Unit Shipment Forecast

Unit Shipment and Revenue Forecast Discussion

Pricing Trends Forecast

Pricing Trends and Forecast Discussion

Revenue Forecast by Vertical Market

Revenue Forecast Discussion by Vertical Market

Market Share

Market Share Analysis

Competitive Environment

Product Highlights

Product Highlights (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

Revenue Forecast

Unit Shipment Forecast

Unit Shipment and Revenue Forecast Discussion

Pricing Trends Forecast

Pricing Trends and Forecast Discussion

Revenue Forecast by Vertical Market

Revenue Forecast Discussion by Vertical Market

Market Share

Market Share Analysis

Competitive Environment

Product Highlights

Market Engineering Measurements

Market Engineering Measurements (continued)

Revenue Forecast

Unit Shipment Forecast

Unit Shipment and Revenue Forecast Discussion

Pricing Trends Forecast

Pricing Trends and Forecast Discussion

Revenue Forecast by Vertical Market

Revenue Forecast Discussion by Vertical Market

Market Share

Market Share Analysis

Competitive Environment

Product Highlights

Product Highlights (continued)

Growth Opportunity—Mega Trends’ Impact

Growth Opportunity—Mega Trends’ Impact (continued)

Strategic Imperatives for Success and Growth

Market Engineering Measurements

Market Drivers

Drivers Explained

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Revenue Forecast

Revenue Forecast Discussion

Market Share

Market Share Analysis

Competitive Environment

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Additional Sources of Information on Study Topic

List of Companies in “Others”

Learn More—Next Steps

Abbreviations and Acronyms Used

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

This market research published by Frost & Sullivan analyzes the global elemental analytical instrumentation market from 2015 to 2025, and the base year is 2018. At the start, the study provides key findings and CEO perspectives to highlight some important findings of the research service. This study paints a picture of the overall market in terms of revenue forecast of different regions, price and unit shipment trends, market share of key participants and their competitive analysis. It also dives deep into each product segment, with detailed information about its application, product selection requirements, revenue forecast, and key companies involved in product sales.--BEGIN PROMO--

Research Scope

By product segment:

  • Atomic Absorption Spectrometer (AAS)
  • Atomic Emission Spectrometer/Optical Emission Spectrometer (AES/OES)
  • Inductively Coupled Plasma (ICP) includes Inductively Coupled Plasma-Mass Spectrometry (ICP-MS) and Inductively Coupled Plasma -Optical Emission Spectrometry (ICP-OES)

By end-user industry:

  • Pharma ,biotechnology, life sciences
  • Government and academic research institutions/labs
  • Environmental safety, agriculture research testing laboratories
  • Chemicals and petrochemicals
  • Metals and mining
  • Transportation
  • Others (semiconductors, textile, and so on)

Of the products segments, AAS is the most mature and is expected to have low growth and technological advancements during the forecast period. The segment that is expected to have the highest growth is ICP due to its highest level of sensitivity, selectivity, throughput, and analysis speed. Miniaturization and integration of the Industrial Internet of Things (IIoT) with these instruments is expected to attract more business for these products. Companies are already focusing on providing Artificial Intelligence (AI), Machine Learning (ML), and cloud services for data storage that can be used for predictive analytics. Instrument failure can be prevented even before it occurs by observing historic trends. This is expected to benefit customers by reducing downtime and ensures continuous running of operations. However, despite these opportunities, there are some challenges pertaining to end users’ unwillingness to invest in upgraded instruments to expand their  business and uncertainties in political situations that could expectedly slow down the growth of this market. Among IIoT services, Big Data analytics is most likely to have the highest demand because of an increased need to translate gigabytes of data collected from experiments into meaningful information.

Opportunities for the manufacturers lie in building unique instruments to detect new elements and to cater to process-based industries, as most of the instruments built so far are for lab purposes. Increase in regulations related to environmental, food, and pharmaceutical industries to ensure safety and authenticity, and increased demand for faster, more technologically advanced instruments are some driving factors for the growth of this market. Another common trend is the collaboration of university/research institutes with instrument manufacturers. The goal of these collaborations is to train students for running tests and experiments accurately in the future. Manufacturers, in turn, benefit from real-world student feedback, which helps improve the features of products and encourage further product innovation.

This study also contains an exclusive ‘India’ chapter that specifically covers the findings from the Indian market.

More Information
No Index No
Podcast No
Author Srividhya Murali
Industries Test and Measurement Instrumentation
WIP Number K367-01-00-00-00
Is Prebook No
GPS Codes 9404-A5,9594,9ACC-A5