LONDON, Nov. 17, 2015 /PRNewswire/ -- This BCC Research report forecasts global sales of process spectroscopy equipment during the period from 2015 to 2020. The report also documents advancements in the development and application of process spectroscopy equipment.
Use this report to:
-Learn about the advancements in the development and application of process spectroscopy equipment.
-Gather knowledge about various production stages of process spectroscopy.
-Analyze the revenue of industries producing spectroscopy equipment.
-Gain insight into various process spectroscopy systems.
-The global market for process spectroscopy equipment reached $1.1 billion in 2014. This market is forecast to grow at a compound annual growth rate (CAGR) of 5.5% to reach $1.5 billion in 2020 from nearly $1.2 billion in 2015.
-The U.S. market for process spectroscopy equipment is projected to grow from $450 million in 2015 to $530 million in 2020 at a CAGR of 3.3% for the period 2015-2020.
-The Rest of the World as a segment for process spectroscopy equipment is expected to grow from $340 million in 2015 to $490 million by 2020, increasing at a CAGR of 7.6% for the period 2015-2020.
STUDY GOALS AND OBJECTIVES
The purpose of this report is to forecast global sales of process spectroscopy equipment during the period from 2015 to 2020. The report also documents advancements in the development and application of process spectroscopy equipment.
REASONS FOR DOING THE STUDY
A large share of process spectroscopy equipment output is bought by end users as part of investments in plant capital equipment. The business is thus highly cyclical. In addition, this is a segment of the economy that is technologically very dynamic. As a consequence, this report is regularly updated by BCC Research.
This study will be of interest to manufacturers of spectroscopic equipment in the categories of ultraviolet (UV) and visible, near infrared (NIR), FTIR and Raman instruments. Regulations and standards that affect the use of process spectroscopy are included.
SCOPE OF REPORT
Process spectroscopy is defined as any use of spectroscopy to obtain real-time data to monitor and optimize a manufacturing process. The report includes UV and visible process spectroscopy, fluorescence spectroscopy, infrared (IR) and NIR process spectroscopy, FTIR, Raman spectroscopy, hyperspectral imaging technology and
process spectroscopy computer systems. The industry is analyzed on a global basis from both market and application perspectives and a technology perspective. Process spectroscopy applications may be subject to unique regulations and standards from different regulatory agencies. For instance, spectroscopy used for food product contamination detection is subject to more regulations, systems, standards and monitoring than similar technologies used for experimental process reaction monitoring. A patent analysis documents the history of innovation in this field. This report also provides company profiles and contact information.
Manufacturer level data for process spectroscopy is a subset of several North American Industry Classification System (NAICS) codes and is not reported separately. Thus, data in this report represents estimates based on self-reporting by individual firms.
Additional data in the report was obtained from the United States Patent Office (USPTO) database, Securities and Exchange Commission (SEC) filings and trade journals.
Sources include interviews with executives of equipment manufacturing firms, public documents, SEC filings, corporate white papers and other technical documentation for nearly 100 U.S. and international companies directly involved in manufacturing, distributing or directly utilizing process spectroscopy equipment.
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