The process spectroscopy market was valued at US$1.645 billion in 2017 and is projected to expand at a CAGR of 6.75% over the forecast period to reach US$2.433 billion by 2023. Process spectroscopy is a technique in which the interaction between the matter and electromagnetic radiation is studied. The growing awareness regarding quality and regulation has led to the increased utilization of process spectroscopy technology. Similarly, the booming pharmaceutical industry has positively impacted the process spectroscopy market.
The report provides a brief introduction to the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
This section provides comprehensive market dynamics through an overview section along with growth drivers, challenges and opportunities which exist in the current market. This section of the report also provides industry regulation as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of process spectroscopy. Complete industry analysis has also been covered through Porter’s five forces model as a part of this report section.
Segments covered under the process spectroscopy market report are as below:
Oil & Gas
Food & Agriculture
Europe Middle East and Africa
Middle East and Africa
Key industry players profiled as part of this section are Ametek Process Instruments, Buchi Labortechnik AG, ABB, Shimadzu Corporation, Emerson Electric, Bruker Corporation, and Danaher Corporation.