Published Mon, Jan 11th 2016
Process Spectroscopy Market (Technology Types - Near infrared (NIR) spectroscopy, Raman spectroscopy and Fourier Transform infrared (FT-IR) spectroscopy) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019
The global market for process spectroscopy has witnessed a remarkable rise in its market valuation in recent times. The growing need for accuracy in the manufacturing of various products has triggered the demand for more intensive quality checks, resulting in increasing demand for process spectroscopy.
The rising preference of consumers for high-quality products has led to the immense popularity of spectroscopy technologies. According to a market study published by Transparency Market Research (TMR), a market intelligence and research organization, the global market for process spectroscopy stood at US$714.5 mn in 2012. Analysts estimate this market to expand at a CAGR of 7.40% between 2013 and 2019 and reach a market value of close to US$1.2 bn by the end of 2019.
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ABB Ltd., Bruker Corp., Agilent Technologies Inc., Buchi Labortechnik AG, Foss A/S, Danaher Corp., Horiba Ltd., Sartorius, Kett Electric Laboratory, Shimadzu Corp., Yokogawa Electric Corp., and Thermo Fisher Scientific Inc. are the key companies functioning in the worldwide process spectroscopy market.
Thermo Fisher Scientific, the leading company in the process spectroscopy market, has recently experienced an increase in institutional sentiments from 0.93 in Q2 to 1.08 in Q3 of 2015. The company’s stock is up-trending and has reported a growth of 5.29% since April 2015.
Mergers and acquisitions and the introduction of new products are the latest trends among other prominent participants looking to strengthen their presence. Here is a snapshot of the recent activities of key players in the process spectroscopy market.
Teeming with the introduction of novel products, the global market for process spectroscopy looks thriving. However, the high investment requirement for the development and maintenance of spectroscopes has compelled the market players to raise the product prices. Analysts expect this factor to hamper the growth of this market to a certain extent.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.
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