Near-infrared Spectroscopy Market: Comprehensive Assessment by Type, Application, and Geography
The "Near-infrared Spectroscopy Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Near-infrared Spectroscopy market is expected to grow annually by 12.3% (CAGR 2024 - 2031).
This entire report is of 115 pages.
Near-infrared Spectroscopy Introduction and its Market Analysis
Near-infrared Spectroscopy is a non-destructive analytical technique that uses light in the near-infrared region to analyze samples for various applications such as food and agriculture, pharmaceuticals, and environmental monitoring. The market is expected to witness significant growth due to factors such as increasing adoption of process analytical technology, stringent regulations for food safety, and the growing demand for quality control and assurance in various industries. Key players in the Near-infrared Spectroscopy market include Thermo Fisher, Foss A/S, Bruker, PerkinElmer, and others. The market report provides detailed insights on market trends, key players, market size, and growth opportunities, with recommendations for business strategies and investments.
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The global Near-infrared Spectroscopy market is witnessing significant growth, driven by advancements in technology and increasing demand across various industries. The market is segmented based on type into FT-NIR, UV-Vis-NIR, and applications in Polymer, Food and Agriculture, Pharmaceutical, Oil and Gas, and others.
Regulatory and legal factors play a crucial role in shaping market conditions for Near-infrared Spectroscopy. Compliance with government regulations and standards related to safety, quality control, and environmental protection are essential for manufacturers and end-users in the market. Additionally, intellectual property protection, trade regulations, and import/export policies can impact market dynamics.
As the importance of spectroscopic analysis continues to grow in industries such as healthcare, food, and environmental monitoring, companies in the Near-infrared Spectroscopy market must stay abreast of changing regulatory landscapes to ensure market success and consumer trust. By adhering to strict regulatory requirements and maintaining high ethical standards, companies can foster a competitive edge and drive continued growth in the global Near-infrared Spectroscopy market.
Top Featured Companies Dominating the Global Near-infrared Spectroscopy Market
The near-infrared spectroscopy market is highly competitive with key players such as Thermo Fisher, Foss A/S, Bruker, PerkinElmer, Buchi Labortechnik, Unity Scientific (KPM Analytics), ABB, Agilent Technologies, Shimadzu, Guided Wave (Advanced Group), Jasco, ZEUTEC, Sartorius, and Yokogawa Electric operating in the market. These companies offer a wide range of near-infrared spectroscopy solutions for various applications such as pharmaceuticals, food and beverage, agriculture, environmental monitoring, and research.
Thermo Fisher, for example, offers advanced near-infrared spectroscopy systems for quality control and research applications in various industries. Foss A/S specializes in near-infrared spectroscopy solutions for the analysis of food and agricultural products. Bruker and PerkinElmer also offer highly accurate and reliable near-infrared spectroscopy systems for various applications.
These companies help to grow the near-infrared spectroscopy market by continuously innovating and improving their products, expanding their distribution networks, and entering new markets. They also actively engage in strategic partnerships and collaborations to further enhance their market presence and customer reach.
In terms of sales revenue, Thermo Fisher reported a revenue of $ billion in 2020, while PerkinElmer reported a revenue of $3.8 billion in the same year. Agilent Technologies reported a revenue of $5.3 billion, and Shimadzu reported a revenue of $3.5 billion in 2020.
Overall, the near-infrared spectroscopy market is expected to witness significant growth in the coming years, driven by increasing adoption of near-infrared spectroscopy solutions in various industries and the continuous advancements in technology by key players in the market.
- Thermo Fisher
- Foss A/S
- Bruker
- PerkinElmer
- Buchi Labortechnik
- Unity Scientific (KPM Analytics)
- ABB
- Agilent Technologies
- Shimadzu
- Guided Wave (Advanced Group)
- Jasco
- ZEUTEC
- Sartorius
- Yokogawa Electric
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Near-infrared Spectroscopy Market Analysis, by Type:
- FT-NIR
- UV-Vis-NIR
There are two main types of near-infrared spectroscopy: FT-NIR (Fourier-transform near-infrared) and UV-Vis-NIR (Ultraviolet-visible-near-infrared). FT-NIR offers high sensitivity and rapid data acquisition, while UV-Vis-NIR provides a broader range of wavelengths for analysis. These advanced technologies have fueled the demand for near-infrared spectroscopy in various industries, such as pharmaceuticals, agriculture, and food processing, due to their efficiency, accuracy, and versatility in analyzing a wide range of materials. The ability of these types to provide quick and reliable analysis has led to an increase in the adoption of near-infrared spectroscopy, thereby boosting the market growth.
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Near-infrared Spectroscopy Market Analysis, by Application:
- Polymer Industry
- Food and Agriculture Industry
- Pharmaceutical Industry
- Oil and Gas
- Others
Near-infrared spectroscopy is used in the polymer industry to analyze chemical composition, quality control, and material identification. In the food and agriculture industry, it is utilized for determining nutritional content, detecting contaminants, and assessing product freshness. In the pharmaceutical industry, it is used for drug formulation analysis and counterfeit detection. In the oil and gas sector, it is employed for measuring crude oil properties. The fastest-growing application segment in terms of revenue is the pharmaceutical industry, as it facilitates rapid and accurate analysis of drug compounds. Near-infrared spectroscopy offers a non-destructive, rapid, and cost-effective alternative to traditional analytical methods in these industries.
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Near-infrared Spectroscopy Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The near-infrared spectroscopy market is expected to experience significant growth in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa regions. North America is anticipated to dominate the market with a market share of around 35%, followed closely by Europe with a market share of 30%. The Asia-Pacific region is also expected to show substantial growth, with a market share of approximately 20%, driven by countries like China, Japan, and India. Latin America and the Middle East & Africa regions are expected to contribute to the growth of the market with market shares of around 10% each.
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