Optical Emission Spectroscopy Market

Executive Summary

Optical Emission Spectroscopy Market was valued at US $677.60 million in 2021 and is projected to grow at 6.66% CAGR over the forecast period to reach US $997.90 million by 2027. Optical Emission Spectroscopy Market represented US $82.03 million opportunity over 2019-2021 and estimated to create US $320.30 million opportunity in 2027 over 2021.

Optical Emission Spectroscopy from Consainsights analyses the Optical Emission Spectroscopy Market in the Life Sciences industry over the forecast period to 2027.

Optical Emission Spectroscopy research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Optical Emission Spectroscopy segmentation includes Offering, Form Factor, Excitation Source Type, Detector Type, Vertical and Geography.

Based on the Offering, the Optical Emission Spectroscopy analysis covers Equipment, Services.

In Offering segment, Equipment segment has highest cagr growth of 5.90%.

Based on the Form Factor, the Optical Emission Spectroscopy analysis covers Portable, Benchtop.

In Form Factor segment, Portable segment has highest cagr growth of 5.90%.

Based on the Excitation Source Type, the Optical Emission Spectroscopy analysis covers Inductively Coupled Plasma Optical Emission Spectroscopy, Arc/Spark Optical Emission Spectroscopy.

In Excitation Source Type segment, Inductively Coupled Plasma Optical Emission Spectroscopy segment has highest cagr growth of 5.90%.

Based on the Detector Type, the Optical Emission Spectroscopy analysis covers Solid-State Detector, Photomultiplier Tube, Hybrid.

In Detector Type segment, Solid-State Detector segment has highest cagr growth of 5.90%.

Based on the Vertical, the Optical Emission Spectroscopy analysis covers Automotive, Scrap and Recycling, Aerospace & Defense, Metals and Heavy Machinery, Power Generation, Food & Beverages, Environmental, Infrastructure, Pharmaceuticals and Life Sciences, Chemicals, Oil & Gas, Others.

In Vertical segment, Automotive segment has highest cagr growth of 5.90%.

Based on the region, the Optical Emission Spectroscopy analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Equipment Provider, Other Key Companies, Service Provider and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Offering

Introduction

In 2021, Equipment segment has the highest revenue of US $461.06 million and is expected to grow at CAGR of 5.90% by 2027 Equipment segment has highest cagr growth of 5.90%.

Equipment

Equipment segment was valued at US $405.25 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $679.01 million by 2027. Equipment segment represented US $55.81 million opportunity over 2019-2021 and estimated to create US $217.95 million opportunity in 2027 over 2021.

Services

Services segment was valued at US $190.32 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $318.89 million by 2027. Services segment represented US $26.21 million opportunity over 2019-2021 and estimated to create US $102.36 million opportunity in 2027 over 2021.

Form Factor

Introduction

In 2021, Portable segment has the highest revenue of US $382.39 million and is expected to grow at CAGR of 5.90% by 2027 Portable segment has highest cagr growth of 5.90%.

Portable

Portable segment was valued at US $336.10 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $563.14 million by 2027. Portable segment represented US $46.29 million opportunity over 2019-2021 and estimated to create US $180.76 million opportunity in 2027 over 2021.

Benchtop

Benchtop segment was valued at US $259.47 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $434.76 million by 2027. Benchtop segment represented US $35.74 million opportunity over 2019-2021 and estimated to create US $139.55 million opportunity in 2027 over 2021.

Excitation Source Type

Introduction

In 2021, Inductively Coupled Plasma Optical Emission Spectroscopy segment has the highest revenue of US $475.15 million and is expected to grow at CAGR of 5.90% by 2027 Inductively Coupled Plasma Optical Emission Spectroscopy segment has highest cagr growth of 5.90%.

Inductively Coupled Plasma Optical Emission Spectroscopy

Inductively Coupled Plasma Optical Emission Spectroscopy segment was valued at US $417.63 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $699.75 million by 2027. Inductively Coupled Plasma Optical Emission Spectroscopy segment represented US $57.52 million opportunity over 2019-2021 and estimated to create US $224.60 million opportunity in 2027 over 2021.

Arc/Spark Optical Emission Spectroscopy

Arc/Spark Optical Emission Spectroscopy segment was valued at US $177.94 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $298.15 million by 2027. Arc/Spark Optical Emission Spectroscopy segment represented US $24.51 million opportunity over 2019-2021 and estimated to create US $95.70 million opportunity in 2027 over 2021.

Detector Type

Introduction

In 2021, Solid-State Detector segment has the highest revenue of US $405.81 million and is expected to grow at CAGR of 5.90% by 2027 Solid-State Detector segment has highest cagr growth of 5.90%.

Solid-State Detector

Solid-State Detector segment was valued at US $356.69 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $597.64 million by 2027. Solid-State Detector segment represented US $49.13 million opportunity over 2019-2021 and estimated to create US $191.83 million opportunity in 2027 over 2021.

Photomultiplier Tube

Photomultiplier Tube segment was valued at US $229.24 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $384.10 million by 2027. Photomultiplier Tube segment represented US $31.57 million opportunity over 2019-2021 and estimated to create US $123.29 million opportunity in 2027 over 2021.

Hybrid

Hybrid segment was valued at US $9.64 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $16.16 million by 2027. Hybrid segment represented US $1.33 million opportunity over 2019-2021 and estimated to create US $5.19 million opportunity in 2027 over 2021.

Vertical

Introduction

In 2021, Automotive segment has the highest revenue of US $260.69 million and is expected to grow at CAGR of 5.90% by 2027 Automotive segment has highest cagr growth of 5.90%.

Automotive

Automotive segment was valued at US $229.13 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $383.92 million by 2027. Automotive segment represented US $31.56 million opportunity over 2019-2021 and estimated to create US $123.23 million opportunity in 2027 over 2021.

Scrap and Recycling

Scrap and Recycling segment was valued at US $140.97 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $236.20 million by 2027. Scrap and Recycling segment represented US $19.42 million opportunity over 2019-2021 and estimated to create US $75.82 million opportunity in 2027 over 2021.

Aerospace & Defense

Aerospace & Defense segment was valued at US $87.04 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $145.84 million by 2027. Aerospace & Defense segment represented US $11.99 million opportunity over 2019-2021 and estimated to create US $46.81 million opportunity in 2027 over 2021.

Metals and Heavy Machinery

Metals and Heavy Machinery segment was valued at US $53.43 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $89.52 million by 2027. Metals and Heavy Machinery segment represented US $7.36 million opportunity over 2019-2021 and estimated to create US $28.73 million opportunity in 2027 over 2021.

Power Generation

Power Generation segment was valued at US $33.04 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $55.36 million by 2027. Power Generation segment represented US $4.55 million opportunity over 2019-2021 and estimated to create US $17.77 million opportunity in 2027 over 2021.

Food & Beverages

Food & Beverages segment was valued at US $20.28 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $33.99 million by 2027. Food & Beverages segment represented US $2.79 million opportunity over 2019-2021 and estimated to create US $10.91 million opportunity in 2027 over 2021.

Environmental

Environmental segment was valued at US $13.44 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $22.52 million by 2027. Environmental segment represented US $1.85 million opportunity over 2019-2021 and estimated to create US $7.23 million opportunity in 2027 over 2021.

Infrastructure

Infrastructure segment was valued at US $7.74 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $12.97 million by 2027. Infrastructure segment represented US $1.07 million opportunity over 2019-2021 and estimated to create US $4.16 million opportunity in 2027 over 2021.

Pharmaceuticals and Life Sciences

Pharmaceuticals and Life Sciences segment was valued at US $5.37 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $9.00 million by 2027. Pharmaceuticals and Life Sciences segment represented US $0.74 million opportunity over 2019-2021 and estimated to create US $2.89 million opportunity in 2027 over 2021.

Chemicals

Chemicals segment was valued at US $2.46 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $4.12 million by 2027. Chemicals segment represented US $0.34 million opportunity over 2019-2021 and estimated to create US $1.32 million opportunity in 2027 over 2021.

Oil & Gas

Oil & Gas segment was valued at US $1.15 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $1.93 million by 2027. Oil & Gas segment represented US $0.16 million opportunity over 2019-2021 and estimated to create US $0.62 million opportunity in 2027 over 2021.

Others

Others segment was valued at US $1.52 million in 2019 and is projected to grow at 5.90% CAGR over the forecast period to reach US $2.54 million by 2027. Others segment represented US $0.21 million opportunity over 2019-2021 and estimated to create US $0.81 million opportunity in 2027 over 2021.