*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Process Spectroscopy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global process spectroscopy market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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:

IMARC Group provides an analysis of the key trends in each sub-segment of the global process spectroscopy market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, 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.

Report Coverages:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Technology, Component, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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?

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$), 2015-2020
Figure 3: Global: Process Spectroscopy Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Process Spectroscopy Market: Breakup by Technology (in %), 2020
Figure 5: Global: Process Spectroscopy Market: Breakup by Component (in %), 2020
Figure 6: Global: Process Spectroscopy Market: Breakup by Application (in %), 2020
Figure 7: Global: Process Spectroscopy Market: Breakup by Region (in %), 2020
Figure 8: Global: Process Spectroscopy (Molecular Spectroscopy) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Process Spectroscopy (Molecular Spectroscopy) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Process Spectroscopy (Mass Spectroscopy) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Process Spectroscopy (Mass Spectroscopy) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Process Spectroscopy (Atomic Spectroscopy) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Process Spectroscopy (Atomic Spectroscopy) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Process Spectroscopy (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Process Spectroscopy (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Process Spectroscopy (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Process Spectroscopy (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Process Spectroscopy (Polymer) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Process Spectroscopy (Polymer) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Process Spectroscopy (Oil and Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Process Spectroscopy (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Process Spectroscopy (Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Process Spectroscopy (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Process Spectroscopy (Food and Agriculture) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Process Spectroscopy (Food and Agriculture) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Process Spectroscopy (Chemicals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Process Spectroscopy (Chemicals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Process Spectroscopy (Water and Wastewater) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Process Spectroscopy (Water and Wastewater) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Process Spectroscopy (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Process Spectroscopy (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: North America: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: North America: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: United States: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: United States: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Canada: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Canada: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Asia-Pacific: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Asia-Pacific: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: China: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: China: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Japan: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Japan: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: India: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: India: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: South Korea: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: South Korea: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Australia: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Australia: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Indonesia: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Indonesia: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Others: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Others: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Europe: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Europe: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Germany: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Germany: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: France: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: France: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: United Kingdom: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: United Kingdom: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Italy: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Italy: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Spain: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Spain: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Russia: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Russia: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Others: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Others: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Latin America: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Latin America: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Brazil: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Brazil: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Mexico: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Mexico: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Others: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Others: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Middle East and Africa: Process Spectroscopy Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Middle East and Africa: Process Spectroscopy Market: Breakup by Country (in %), 2020
Figure 80: Middle East and Africa: Process Spectroscopy Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Global: Process Spectroscopy Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 3: Global: Process Spectroscopy Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 4: Global: Process Spectroscopy Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Process Spectroscopy Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Process Spectroscopy Market: Competitive Structure
Table 7: Global: Process Spectroscopy Market: Key Players

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