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Process Spectroscopy Market Report by Technology, Component, Application, and Region 2024-2032

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    Report

  • 137 Pages
  • August 2024
  • Region: Global
  • IMARC Group
  • ID: 5901563
Description Jump to:
The global process spectroscopy market size reached US$ 24.8 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 43.2 Billion by 2032, exhibiting a growth rate (CAGR) of 6.36% during 2023-2032.

Process spectroscopy is a specialized technique used for analyzing the interaction between light, electromagnetic radiation and matter. Process spectroscopy uses various devices, such as benchtop, micro, portable and hyphenated spectroscopes, amplifiers, signal processors, display units and microscopes. They are commonly used for Fourier Transform Infrared Spectroscopy (FT-IR), Raman spectroscopy, nuclear magnetic resonance (NMR) and Near-Infrared (NIR). Process spectroscopy involves splitting the radiation into a spectrum of its wavelengths to study electrons, protons and ions, and the generated collision energy. As a result, it finds extensive applications across various industries, including healthcare, pharmaceuticals, biological research and electronics.

Process Spectroscopy Market Trends:

Significant growth in the pharmaceutical industry is one of the key factors creating a positive outlook for the market. Drug manufacturers use process spectroscopes to evaluate the material porosity of a substance for quality control and to examine the state of the formulations. Moreover, the increasing demand for process analyzers across industries is providing a thrust to the market growth. Process spectroscopes are widely used in bioreactors, slipstreams, reaction vessels and large volumetric probes for drug manufacturing and water and wastewater treatment.

In line with this, the technique is also gaining immense preference among the masses for analyzing, monitoring and controlling various manufacturing processes and identifying defects in product materials. Other factors, including the widespread adoption of spectroscopic techniques in the forensic sector for the identification of organic compounds and substances at crime scenes, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global process spectroscopy market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on technology, component and application.

Breakup by Technology:

  • Molecular Spectroscopy
  • Mass Spectroscopy
  • Atomic Spectroscopy

Breakup by Component:

  • Hardware
  • Software

Breakup by Application:

  • Polymer
  • Oil and Gas
  • Pharmaceuticals
  • Food and Agriculture
  • Chemicals
  • Water and Wastewater
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Agilent Technologies Inc., Bruker Corporation, Buchi Labortechnik AG, Danaher Corporation, Foss A/S, Horiba Ltd., Kett Electric Laboratory, Sartorius AG, Shimadzu Corporation, Thermo Fisher Scientific Inc. and Yokogawa Electric Corporation.

Key Questions Answered in This Report:

  • How has the global process spectroscopy market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global process spectroscopy market?
  • What are the key regional markets?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global process spectroscopy market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Process Spectroscopy Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technology
6.1 Molecular Spectroscopy
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Mass Spectroscopy
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Atomic Spectroscopy
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Component
7.1 Hardware
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Software
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Polymer
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Oil and Gas
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Pharmaceuticals
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Food and Agriculture
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Chemicals
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Water and Wastewater
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB Ltd
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Agilent Technologies Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Bruker Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Buchi Labortechnik AG
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Danaher Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Foss A/S
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Horiba Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Kett Electric Laboratory
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Sartorius AG
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Shimadzu Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Thermo Fisher Scientific Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Yokogawa Electric Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Process Spectroscopy Market: Major Drivers and Challenges
Figure 2: Global: Process Spectroscopy Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Process Spectroscopy Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Process Spectroscopy Market: Breakup by Technology (in %), 2023
Figure 5: Global: Process Spectroscopy Market: Breakup by Component (in %), 2023
Figure 6: Global: Process Spectroscopy Market: Breakup by Application (in %), 2023
Figure 7: Global: Process Spectroscopy Market: Breakup by Region (in %), 2023
Figure 8: Global: Process Spectroscopy (Molecular Spectroscopy) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Process Spectroscopy (Molecular Spectroscopy) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Process Spectroscopy (Mass Spectroscopy) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Process Spectroscopy (Mass Spectroscopy) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Process Spectroscopy (Atomic Spectroscopy) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Process Spectroscopy (Atomic Spectroscopy) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Process Spectroscopy (Hardware) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Process Spectroscopy (Hardware) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Process Spectroscopy (Software) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Process Spectroscopy (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Process Spectroscopy (Polymer) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Process Spectroscopy (Polymer) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Process Spectroscopy (Oil and Gas) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Process Spectroscopy (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Process Spectroscopy (Pharmaceuticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Process Spectroscopy (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Process Spectroscopy (Food and Agriculture) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Process Spectroscopy (Food and Agriculture) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Process Spectroscopy (Chemicals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Process Spectroscopy (Chemicals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Process Spectroscopy (Water and Wastewater) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Process Spectroscopy (Water and Wastewater) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Process Spectroscopy (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Process Spectroscopy (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: North America: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: North America: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: United States: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: United States: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Canada: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Canada: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Asia-Pacific: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Asia-Pacific: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: China: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: China: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Japan: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Japan: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: India: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: India: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: South Korea: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: South Korea: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Australia: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Australia: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Indonesia: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Indonesia: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Others: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Others: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Europe: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Europe: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Germany: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Germany: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: France: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: France: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: United Kingdom: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: United Kingdom: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Italy: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Italy: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Spain: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Spain: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Russia: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Russia: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Others: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Others: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Latin America: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Latin America: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Brazil: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Brazil: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Mexico: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Mexico: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Others: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Others: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Middle East and Africa: Process Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Middle East and Africa: Process Spectroscopy Market: Breakup by Country (in %), 2023
Figure 80: Middle East and Africa: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Global: Process Spectroscopy Industry: SWOT Analysis
Figure 82: Global: Process Spectroscopy Industry: Value Chain Analysis
Figure 83: Global: Process Spectroscopy Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Process Spectroscopy Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Process Spectroscopy Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 3: Global: Process Spectroscopy Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 4: Global: Process Spectroscopy Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Process Spectroscopy Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Process Spectroscopy Market: Competitive Structure
Table 7: Global: Process Spectroscopy Market: Key Players

Companies Mentioned

  • ABB Ltd
  • Agilent Technologies Inc.
  • Bruker Corporation
  • Buchi Labortechnik AG
  • Danaher Corporation
  • Foss A/S
  • Horiba Ltd.
  • Kett Electric Laboratory
  • Sartorius AG
  • Shimadzu Corporation
  • Thermo Fisher Scientific Inc.
  • Yokogawa Electric Corporation

Methodology

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Table Information

Report AttributeDetails
No. of Pages137
PublishedAugust 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 24.8 Billion
Forecasted Market Value ( USD ) by 2032 $ 43.2 Billion
Compound Annual Growth Rate6.4%
Regions CoveredGlobal
No. of Companies Mentioned12

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About the Process Spectroscopy Market

Process Spectroscopy is a technology used in the process industry to measure the composition of materials. It is used to monitor and control the quality of products, as well as to detect and identify contaminants. Process spectroscopy is used in a variety of industries, including food and beverage, pharmaceuticals, petrochemicals, and environmental monitoring. Process spectroscopy is used to measure the concentration of elements in a sample, as well as the physical and chemical properties of the sample. It can also be used to measure the size and shape of particles, and to detect and identify impurities. The technology is used to ensure the quality of products, as well as to monitor and control the production process. Process spectroscopy is used in a variety of industries, including food and beverage, pharmaceuticals, petrochemicals, and environmental monitoring. It is used to measure the concentration of elements in a sample, as well as the physical and chemical properties of the sample. Some companies in the process spectroscopy market include Thermo Fisher Scientific, Agilent Technologies, Shimadzu Corporation, PerkinElmer, and Bruker Corporation. Show Less Read more

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