Photometer and Calorimeter Market: Global Industry Analysis and Forecast (2023-2029)

Photometer and Calorimeter Market size was valued at US$ 510.4 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 15.5% from 2023 to 2029, reaching nearly US$ 1,399.5 Mn.
Photometer and Calorimeter Market Overview:
Photometer and Calorimeter Market is expected to reach US$ 1,399.5 Mn. by 2029. A photometer is a device that measures light intensity or electromagnetic radiation as well as the optical qualities of various surfaces, whereas a calorimeter is a device that measures heat liberation or absorption during chemical or physical changes. This report focuses on the different segments of the Photometer and Calorimeter market (Photometer Type, Calorimeter Type, End Users, and Region). The major industry players and regions are thoroughly examined in this report (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It's a thorough examination of today's quick advancements in a variety of industries. The major data analysis for the historical era from 2017 to 2022 is presented using facts and numbers, visualisations, and presentations. The market drivers, restraints, opportunities, and challenges for Photometer and Calorimeter are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Photometer and Calorimeter market.To know about the Research Methodology:- Request Free Sample Report
Photometer and Calorimeter Market Dynamics:
The demand for water and waste water treatment is increasing.

A significant driving factor in the photometer and calorimeter market is the increased demand for promoting water and waste water treatment. Due to fast industrial growth around the world, enormous volumes of hazardous chemical waste are generated, which can possibly harm water bodies over time, necessitating waste water treatment procedures. Water and waste water treatment entails segregation methods to measure or detect pollutants in drinking water, as well as monitoring and controlling discharged waste water from industrial units, affecting the requirement for photometers or calorimeters. Government initiatives, such as the Global Wastewater Initiative (GW2I), aid in the promotion of effective waste water management techniques as well as efforts to transform it into a potentially valuable resource. These efforts, which aimed to enhance waste water treatment activities, could have an impact on the development of various instruments to ensure that water meets high quality criteria. Waste water or raw water treatment, drinking water treatment, disinfection control, and many other applications necessitate the use of numerous analytical equipment such as portable photometers, which has hampered the market's growth.

Increased usage as the medical industry grows.

The rise of the medical sector has resulted in an increase in the deployment of various analytic tools, which is expected to drive photometer and calorimeter market growth during the forecast period. Medical professionals increasingly use testing parameters such as blood glucose, heart rate, haemoglobin concentration, and so on, resulting in a demand for medical tools capable of requiring little professional intervention while remaining non-invasive. These considerations have supported the rise of photometers during the forecast period, and medical advancements are expected to drive them even farther.

Furthermore, factors such as mobility and increased flexibility have accelerated the treatment of ageing and various lifestyle diseases throughout time, affecting the photometer and calorimeter market significantly. The use of calorimetric devices aids in the targeting of nutritional goals, such as proteins and the administered calories to resting energy expenditure ratio (AC/REE) ensures the best possible patient care in hospitals. A nanofabricated chip calorimeter for small-field radiography was introduced in 2019 to solve the limitations experienced by traditional radiation dosimeters. Medical staff will be able to eliminate erroneous dosage measurements with this calorimeter, boosting medical radiation technologies. These factors have aided in satisfying the growing demand for medical treatment operations.
Photometer and Calorimeter Market Segment Analysis:
Photometer and Calorimeter Market is segmented by Photometer Type, Calorimeter Type, and End Users.

Based on the Photometer Type, the market is segmented into Microscope, Multiwave (Fiber Optic, Ultraviolet, Infrared), Portable, Microplate, Flame, and Others. Flame Photometer segment is expected to grow rapidly at a CAGR of 16.2% during the forecast period 2023-2029. Flame photometers are devices that can detect metal salt ions and correctly determine amounts within various substances. Its properties such as convenient, selective, and sensitive analysis, as well as accurately estimating rarely investigated materials, can act as a major driver driving its growth across application fields such as medicines, food and beverage, chemicals, and others. Flame photometry is becoming more popular due to its capacity to provide faster, more sensitive analysis, eliminate interference, and determine very low metal concentrations in materials.



Based on the Calorimeter Type, the market is segmented into Bomb, Micro, Accelerated rate, Differential scanning, Coffee cup, Reaction, and Others. Bomb Calorimeter segment is expected to hold the largest market share of xx% by 2029. Bomb calorimeters are used to measure heat flow for solids undergoing modest to high temperature reactions. These calorimeters differ from other calorimeters on the market in that they have a bomb vessel that can be reused after a simple cooling cycle. This factor subsequently aided its economic growth across several industry sectors. Furthermore, these bomb calorimeters are exceedingly rapid and simple to set up, resulting in widespread popularity. Capable of producing more precise findings while reducing human errors, these calorimeters assist in determining the energy content of the burning substance, removing the need for end users to calculate. Due to its application areas, which include fuel testing, propellants and explosives testing, metabolic studies, and many others, such factors are expected to drive significant market growth for bomb calorimeters during the forecast period.
Photometer and Calorimeter Market Regional Insights:
Asia Pacific region is expected to dominate the Photometer and Calorimeter Market during the forecast period 2023-2029. The Asia Pacific region is expected to hold the largest market share of xx% by 2029. Some of the major factors influencing the growth of photometer and calorimeter in the region include increased acceptance across end use verticals such as chemicals, waste water treatment, and biomedical, as well as significant research & development efforts. The presence of major companies like Horiba Ltd., Yokogawa Electric Corporation, Shimadzu Corporation, and others aids in the growth of the photometer and calorimeter industries. Furthermore, technical advances and infrastructure growth in the oil and gas and petrochemical industries are expected to drive the growth in Asia Pacific during the forecast period.The objective of the report is to present a comprehensive analysis of the Global Photometer and Calorimeter 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 Photometer and Calorimeter Market dynamic and structure by analyzing the market segments and projecting the Global Photometer and Calorimeter 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 Photometer and Calorimeter Market make the report investor’s guide.
Photometer and Calorimeter Market Scope:Inquire before buying



Global Photometer and Calorimeter Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 510.40 Mn.


Forecast Period 2023 to 2029 CAGR:
15.5%
Market Size in 2029:
US $ 1,399.55 Mn.


 Segments Covered:
by Photometer Type
• Microscope
• Multiwave (Fiber Optic, Ultraviolet, Infrared)
• Portable
• Microplate
• Flame
• Others


by Calorimeter Type
• Bomb
• Micro
• Accelerated rate
• Differential scanning
• Coffee cup
• Reaction
• Others


by End Users
• Automotive
• Aerospace
• Food & Beverage
• Oil & Gas
• Biomedical
• Water & Wastewater
• Research
• Chemicals
• Others



Photometer and Calorimeter Market, by Region
● North America (United States, Canada and Mexico)
● Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
● Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
● Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
● South America (Brazil, Argentina, Columbia and Rest of South America)
Photometer and Calorimeter Market, Key Players are:
• Calorimetry Sciences Corp.
• Swan Analytical Instruments AG
• MicroCal LLC
• ABB Ltd
• Yokogawa Electric Corporation
• Gooch & Housego PLC
• Netzsch Instruments Inc.
• PARR Instrument Company
• Gooch & House
• Setaram Instrumentation
• Shimadzu Corp.
• Mettler-Toledo International Inc
• TA Instruments Inc.
• Hanna Instruments
• Konica Minolta
Frequently Asked Questions:
1] Which region is expected to hold the highest share in the Photometer and Calorimeter Market?
Ans. Asia Pacific is expected to hold the highest share in the Photometer and Calorimeter Market.

2] Who are the top key players in the Photometer and Calorimeter Market?
Ans. Calorimetry Sciences Corp., Swan Analytical Instruments AG, MicroCal LLC, ABB Ltd, and Yokogawa Electric Corporation are the top key players in the Photometer and Calorimeter Market.

3] Which segment is expected to hold the largest market share in the Photometer and Calorimeter Market by 2029?
Ans. Bomb Calorimeter segment is expected to hold the largest market share in the Photometer and Calorimeter Market by 2029.

4] What is the market size of the Photometer and Calorimeter Market by 2029?
Ans. The market size of the Photometer and Calorimeter Market is expected to reach US $1,399.5 Mn. by 2029.

5] What was the market size of the Photometer and Calorimeter Market in 2022?
Ans. The market size of the Photometer and Calorimeter Market was worth US $510.40 Mn. in 2022.