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Spectrometry Global Market - Forecast to 2022NEW YORK, Sept. 22, 2016 /PRNewswire/ -- Spectrometry is a technology or combination of two which make use of electromagnetic radiations for qualitative and quantitative sample analysis so as to obtain structural data and identify chemical makeup of a sample. Spectrometry measurements with rapid and accurate information results in improved productivity & efficiency, better quality of the transformed products with reduced cost and decreased waste products. The spectrometry application market includes agriculture, food and beverage, biotechnology, pharmaceuticals, environmental testing, chemical industry, semiconductors/electronics/nanotechnology and others which include forensic, geology, petrochemical industry, defence industries, cosmetics, archaeology, marine emission control (MEC), material science, oil and gas and automotive. Among the spectrometry technology type, the Molecular spectrometry segment dominated the market by occupying a largest share of XX%. At the same time, mass spectrometry market is the fastest growing segment with a CAGR of 8.9% from 2015 to 2022. In applications, pharmaceuticals segment holds the largest share of 32.9% and semiconductors/electronics/nanotechnology is the fastest growing segment with a CAGR of X% from 2015 to 2022. Geographical wise, North America is the largest market, with a share of XX% followed by Europe, Rest of the World and Asia. The Asia-Pacific region is the fastest growing region with a CAGR of X% from 2015 to 2022 suggesting an array of opportunities for growth and likely to be getting into the eyes of new investors in the spectrometry market. Growth in Asia-Pacific market is attributed to increased funding from the corresponding governments for research activities, technological advancements, increased pharmaceutical and biotechnological research. The spectrometry market is expected to grow steadily at a CAGR of X% during 2015 to 2022. The factors driving the growth of this market are increased use of handheld and portable spectrometer devices, high rate influx of innovative products, increasing demand from emerging countries and fund allotment from government organizations and companies are likely to propel the spectrometry market. However, complex regulatory guidelines, huge capital investments and shortage of skilled technicians are hampering the growth of the market. The threat for the spectrometry market includes unfavourable economic conditions and political instability that leads to reduced product sales. The spectrometry global market is a highly fragmented market and all the existing players in this market are involved in developing new and advanced products to maintain their market shares. Some of the key players of the spectrometry market are AB Sciex (U.S.), Agilent Technologies Inc (U.S.), Analytik Jena AG (Germany), Biomerieux (France), Bruker Corporation (U.S.), Horiba (Japan), Perkin Elmer (U.S.), Shimadzu Corporation (Japan), Thermo Fisher Scientific Inc (U.S.), and Waters Corporation (U.S.). The report provides an in depth market analysis of the above mentioned segments across the following regions: - North America - Europe - Asia-Pacific - Rest of the World (RoW) Read the full report: http://www.reportlinker.com/p03914679-summary/view-report.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/spectrometry-global-market---forecast-to-2022-300332969.html SOURCE Reportlinker |