Optical Emission Spectroscopy Market: Global Industry Analysis and Forecast (2022-2029)

Optical Emission Spectroscopy Market size was valued at US$ 635.26 Mn. in 2021 and the total revenue is expected to grow at a CAGR of 6.56% from 2022 to 2029, reaching nearly US$ 1,056.10 Mn.
Optical Emission Spectroscopy Market Overview:
Optical Emission Spectroscopy Market is expected to reach US$ 1,056.10 Mn. by 2029. In optical emission spectroscopy, electrical energy is applied in the form of a spark produced between an electrode and a metal sample, which causes the vaporised atoms to be elevated to a high energy state within a so-called "discharge plasma." This report focuses on the different segments of the Optical Emission Spectroscopy market (Offering, Detector Type, Excitation Source Type, End User, and Region). This report offers a detailed analysis of the top industry participants and geographic regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It offers a thorough examination of the phenomenal modern-era growth in the many sectors. Figures, graphics, and slideshows emphasise the essential data analysis from 2017 to 2021. The market drivers, restraints, opportunities, and challenges for Optical Emission Spectroscopy are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Optical Emission Spectroscopy market.



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Optical Emission Spectroscopy Market Dynamics:
The industries of metallurgy, food, aeronautics & aerospace, and pharmaceuticals are the ones that use optical emission spectroscopy the most frequently. Determining the elemental compositions of a variety of materials is made easier by optical emission spectroscopy. In the processing of metals, optical emission spectroscopy is used to examine a variety of metallic materials, including wires, plates, tubes, bolts, and rods. In the optical emission spectroscopy market, the majority of equipment and service providers offer specially designed optical emission spectroscopy products integrated with various specifications and features for a wide range of applications, including, among others, medical and automotive applications.

Utilizing cutting-edge laboratory equipment is essential for laboratories to enhance their lab operations. The tools used in laboratories make it easier to determine an illness's exact cause and make a precise diagnosis. Governments, corporate organizations, research Centre’s, national-level laboratories, and other industry verticals like the pharmaceutical industry also provide funding for research and development projects.

These significant investments are increasing demand for effective laboratory equipment in both laboratories and several business sectors. The global market for optical emission spectroscopy is expected to grow as a result of this macroeconomic factor. In order to increase their product portfolio and provide industry verticals with solutions customized to specific operations, optical emission spectroscopy equipment manufacturers constantly innovate their products and optical emission spectroscopy technology.

The growth of commercial healthcare facilities and the upgrading of their healthcare infrastructure are priorities for the governments of major economies, including those of Germany, the U.S., Russia, France, China, India, Japan, and the UK, among others. Additionally, these nations want to contribute a sizable amount of their budgets to improving optical emission spectroscopy research and development.

The optical emission spectroscopy market is growing as a result of the significant advantages that OES analysis technique provides, including quick analysis times, simplicity of usage, and inherent accuracy. The high initial cost of OES equipment and the absence of a technically competent personnel to operate OES equipment, however, are major restraints that are expected to hamper the market growth during the forecast period.
Optical Emission Spectroscopy Market Segment Analysis:
The Optical Emission Spectroscopy Market is segmented by Offering, Detector Type, Excitation Source Type, and End User.

Based on the Detector Type, the market is segmented into Photomultiplier Tube, Solid State Detector, and Hybrid. Solid State Detector segment is expected to hold the largest market share of xx% by 2029. The rise is due to its capacity to simultaneously examine every wavelength in the visible and ultraviolet regions of the electromagnetic spectrum. Alpha emitting and/or fissile nuclides can be detected in a wide range of materials using solid state nuclear track detectors, which are also frequently used to map out their distribution. The methods allow for the analysis of very low concentrations of the target material and are practical and very sensitive.

Photomultiplier Tube segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. Photomultiplier tubes, also known as electron multiplier tubes, are used to measure low light intensities by multiplying electrons by secondary emission. It can be used to measure the brightness of dim stars in astronomy, television camera tubes, and nuclear investigations to find and quantify tiny light flashes.

For the safety of the public at customs inspections, nuclear power plants, hospitals, and other locations, portable radiation monitoring equipment or survey metres are important. The most sensitive radiation measurement equipment combines a photomultiplier tube and scintillator to achieve sensitivity that is several tens to hundreds of times greater than Geiger-Müller counters (GM counters). For this application, photomultiplier tubes need to be small, robust, and simple to connect to scintillators. They also need to be power-efficient.

Blood contains the antigen of the specific disease or bacterium that the person has, which is the substance that triggers an immune response. By reacting a small volume of blood with an antibody as a reagent that interacts with a certain antigen and measuring the amount of luminescence, a blood inspection method can determine to what extent the individual has a disease or bacteria. There has been a demand to reduce the number of sample utilised to measure while the study to improve bonding or emission efficiency has evolved. Photomultiplier tubes are utilised as the detector, which can do single photon counting, in order to meet such a need.



Based on the Excitation Source Type, the market is segmented into Inductively Coupled Plasma, and Spark. Inductively Coupled Plasma segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. The analytical method known as inductively coupled plasma optical emission spectroscopy (ICP-OES) is used to quantify the presence of specific elements in a sample. In order to transport electrons from the ground state to an excited state, the ICP-OES concept makes use of the ability of atoms and ions to absorb energy. Favourable detection limits (0.01 to 0.1 micrograms/L for several elements), easy specimen preparation, high throughput (about 40 specimens per hour), and the capacity to measure multiple elements at once are all benefits of ICP-MS. These are the key benefits that are expected to drive the growth of the Inductively Coupled Plasma segment in the Optical Emission Spectroscopy Market during the forecast period.

Spark Optical Emission Spectroscopy segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. One of the best methods for testing metals is optical spark emission spectrometry. Many foundries and factories use spark emission-based devices. Control System Abzar Novin is a company that has the necessary expertise in the field of analytical instruments to create its first in-house optical emission analyser. In order to use this instrument, an electrode and a metal sample must be electrically charged in order to ignite. Atoms that have vaporised are in a highly energetic state known as discharge plasma. For igniting various types of samples, the spark has particular voltage and frequency properties.

Each element's emission spectrum is created after a correct spark by excited atoms and ions, which is why a spark occurs. A single element thereby produces a large number of distinctive spectral emission lines. Therefore, the light produced by the discharge is a combination of the spectral lines produced by the components of the sample. An Avantes spectrometer that was created and manufactured with this light is used. To examine the emission spectrum, two distinct ranges of optics were used. According on the concentration of the element in the sample, each spark emission spectrum's strength varies. CCD detectors are used in spectrometers to gauge spectrum intensity.
Optical Emission Spectroscopy Market Regional Insights:
The Asia Pacific region is expected to dominate the Optical Emission Spectroscopy Market during the forecast period 2022-2029. The Asia Pacific region is expected to hold the largest market share of xx% by 2029. This is due to the increased adoption of optical emission spectroscopy equipment for process improvement at metallurgical laboratories in the Asia Pacific region.

The North American region is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. This is because there are many different types of optical emission spectroscopy equipment and service providers available in the North American region. The Optical Emission Spectroscopy market in North America is expected to increase as a result of strong demand from the food and beverage industry, followed by rising demand from other sectors including the environmental, automotive, and aerospace & defence verticals.



The objective of the report is to present a comprehensive analysis of the Global Optical Emission Spectroscopy Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Optical Emission Spectroscopy Market dynamic and structure by analyzing the market segments and projecting the Global Optical Emission Spectroscopy Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Optical Emission Spectroscopy Market make the report investor’s guide.
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Global Optical Emission Spectroscopy Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 635.26 Mn.


Forecast Period 2022 to 2029 CAGR:
6.56%
Market Size in 2029:
US $ 1,056.10 Mn.


 Segments Covered:
by Offering
• Equipment
• Services


by Detector Type
• Photomultiplier Tube
• Solid State Detector
• Hybrid


by Excitation Source Type
• Inductively Coupled Plasma
• Spark


by End-User
• Infrastructure
• Oil and Gas
• Energy and Power
• Automotive
• Food and Beverages
• Aerospace and Defense
• Metals and Heavy Machinery
• Environmental
• Others



Optical Emission Spectroscopy Market, by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Optical Emission Spectroscopy Market Key Players
• Thermo Fisher Scientific
• Ametek
• Bruker
• Hitachi High Technologies Corporation
• Shimadzu
• Horiba
• PerkinElmer
• Agilent Technologies
• Skyray Instrument
• Analytik Jena
• SGS
• Bureau Veritas
• Intertek
• TÜV SÜD
• Element Materials Technology
• SPECTRO Analytical Instruments
• Teledyne Leeman Labs, Inc.
• Focused Photonics Inc.
• GBC Scientific Equipment Pty Ltd
• GNR Analytical Instruments Group
• TUV Rheinland

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the Optical Emission Spectroscopy Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Optical Emission Spectroscopy Market.

2] Who are the top key players in the Optical Emission Spectroscopy Market?
Ans. Thermo Fisher Scientific, Ametek, Bruker, Hitachi High Technologies Corporation, Shimadzu, Horiba, and PerkinElmer are the top key players in the Optical Emission Spectroscopy Market.

3] Which segment is expected to hold the largest market share in the Optical Emission Spectroscopy Market by 2029?
Ans. Solid State Detector segment is expected to hold the largest market share in the Optical Emission Spectroscopy Market by 2029.

4] What is the market size of the Optical Emission Spectroscopy Market by 2029?
Ans. The market size of the Optical Emission Spectroscopy Market is expected to reach US $1,056.10 Mn. by 2029.

5] What was the market size of the Optical Emission Spectroscopy Market in 2021?
Ans. The market size of the Optical Emission Spectroscopy Market was worth US $635.26 Mn. in 2021.