PUNE, India, April 15, 2016 /PRNewswire/ --
According to a new market research report "Portable Analytical Instruments Market by Product (pH Meters, Conductivity and Resistivity Meters, TOC Analyzers), Technology (XRF, FTIR, LIBS, NIR & Elemental Analysis), End Users (Food and Beverage Industry), Geography - Global Forecast to 2020", published by MarketsandMarkets, The market is projected to reach USD 9.55 Billion by 2020 from USD 8.10 Billion in 2015, growing at a CAGR of 3.3% between 2015 and 2020.
Browse 79 market data Tables and 85 Figures spread through 173 Pages and in-depth TOC on "Portable Analytical Instruments Market"
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Growing food and environmental concerns, availability of low-cost and easy-to-operate portable analytical instruments, and increasing healthcare expenditure are primary factors expected to drive the Portable Analytical Instruments Market.
The market is segmented on the basis of product, technology, and end user. By product, the market includes TOC analyzers, dissolved carbon dioxide & oxygen meters, titrators, refractometers, pH meters, spectrometers, gas analyzers, conductivity & resistivity meters, colorimeters, thermal analyzers, and others (thermometers and balances). The pH meters segment is expected to hold the largest share and grow at the highest CAGR in the Portable Analytical Instruments Market due to the wide use of pH meters in many applications across chemical industry, pharmaceutical & biotechnology companies, food & beverage industry, water testing, petrochemical industry, and pulp & paper industry.
The technologies included in this report are spectroscopic analysis, elemental analysis, and others (thermal analysis and electrochemical analysis). Spectroscopic analysis is further sub segmented into X-ray fluorescence (XRF), near-infrared spectroscopy (NIR), Raman spectroscopy, Fourier transform infrared spectroscopy (FTIR), laser-induced breakdown spectroscopy (LIBS), and others (ion mobility spectroscopy and spectral imaging). The FTIR spectroscopy segment is expected to register the highest growth due to its advanced features such as higher accuracy and resolution, shorter scan time, and wider scan range than other infrared spectroscopic techniques.
End users included in this report are food and beverage industry, pharmaceutical and biotechnology companies, environmental testing industry, and academic and government institutions. The food and beverage industry is estimated to dominate the Portable Analytical Instruments Market in 2015 due to the significant use of portable analytical instruments owing to growing food safety concerns.
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The geographic segments included in this report are the North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is further segmented into the U.S. and Canada. North America is expected to hold the largest share of this market in 2015, while Asia-Pacific is expected to grow at the highest rate. With the rising food, environment, and drug safety concerns in Asia-Pacific, the demand for portable analytical instruments in this region is expected to grow, which in turn will compel the key players to expand their geographical presence in this region. This will boost the market in the region.
Major players in the global Portable Analytical Instruments Market are Thermo Fisher Scientific, Inc. (U.S.), B&W Tek (U.S.), Danaher Corporation (U.S.), Bruker Corporation (U.S.), and Shimadzu Corporation (Japan). Other players in this market are Agilent Technologies (U.S.), Teledyne Technologies, Inc. (U.S.), Spectris plc (U.K.), Jasco Inc. (U.S.), and HORIBA Ltd. (Japan).
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