What Has Been the Progress and Growth of the Atomic Emission Spectroscopy Market in Recent Years?
The atomic emission spectroscopy market has seen considerable growth due to a variety of factors.
• In recent years, the atomic emission spectroscopy market has seen substantial growth. The market is projected to increase from $5.8 billion in 2024 to $6.32 billion in 2025, with an 8.9% compound annual growth rate (CAGR).
The previous increases can be attributed to several factors, including rising pharmaceutical and biotechnology sectors, a renewed focus on renewable energy, the growth of food and beverage testing, increased demand in clinical and medical fields, and the needs of the aerospace and defense industries.
What Is The Expected Growth In The Atomic Emission Spectroscopy Market?
The atomic emission spectroscopy market is expected to maintain its strong growth trajectory in upcoming years.
• Projected to experience robust growth in the upcoming years, the atomic emission spectroscopy market's size is estimated to expand to $8.81 billion in 2029, with an 8.6% compound annual growth rate (CAGR).
This anticipated surge during the forecast period can be linked to multiple factors, such as heightened environmental monitoring requirements, material science and nanotechnology advancements, amplified industrial and manufacturing operations, escalating healthcare and clinical research spending, plus increased consumer awareness. The forecast period is also expected to witness key trends such as automation and robotics integration, progression in multi-element analysis, greater application in environmental and sustainability research, emphasis on high-throughput screening, as well as the advent of advanced sample preparation methodologies.
Which Drivers Are Accelerating Growth In The Atomic Emission Spectroscopy Market?
The expansion of the pharmaceutical industry is anticipated to spur the growth of the atomic emission spectroscopy market. This industry zeros in on the generation, marketing, research, and advancement of medications to enhance health outcomes. The surging demand for innovative cures, progress in drug development technologies, and escalating global healthcare needs contribute to the industry's growth. Atomic emission spectroscopy comes into play in the industry for the accurate identification and measurement of trace elements and metallic toxins in medicines and formulations, thereby ensuring adherence to regulatory mandates. For instance, the European Federation of Pharmaceutical Industries and Associations (EFPIA), a trade organization based in Belgium and representing the pharmaceutical industry, reported in June 2023 that the total production in Europe's pharmaceutical sector was $384,200 million (€340,000 million) in 2022, up roughly 4.95% from 366,267 million (€323,950 million) in 2021. Consequently, the expanding pharmaceutical industry is fueling the atomic emission spectroscopy market's growth.
What Are The Primary Segments In The Global Atomic Emission Spectroscopy Market?
The atomic emission spectroscopy market covered in this report is segmented –
1) By Type: Flame Emission Spectroscopy (FES), Spark Atomic Emission Spectroscopy (SAES), Arc Atomic Emission Spectroscopy (AES), Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES), Other Types
2) By Application: Biotechnology, Environmental Testing, Clinical Applications
3) By End-User: Pharmaceutical companies, Hospitals, Laboratories, Research institutes, Other End Users
Subsegments:
1) By Flame Emission Spectroscopy (FES): Single Element Flame Emission Spectrometers, Multi-Element Flame Emission Spectrometers, Portable Flame Emission Spectrometers, High-Throughput Flame Emission Spectrometers
2) By Spark Atomic Emission Spectroscopy (SAES): Laboratory Spark Atomic Emission Spectrometers, Industrial Spark Atomic Emission Spectrometers, Handheld Spark Atomic Emission Spectrometers, High-Precision Spark Atomic Emission Spectrometers
3) By Arc Atomic Emission Spectroscopy (AES): Direct Current Arc Atomic Emission Spectrometers, Radio Frequency Arc Atomic Emission Spectrometers, High-Temperature Arc Atomic Emission Spectrometers, Portable Arc Atomic Emission Spectrometers
4) By Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES): Quadrupole ICP-AES, High-Resolution ICP-AES, Multi-Element ICP-AES, Portable ICP-AES Systems, High-Sensitivity ICP-AES Systems
5) By Other Types: Laser-Induced Breakdown Spectroscopy (LIBS), Microwave Plasma Atomic Emission Spectroscopy (MP-AES), Continuous Wave Atomic Emission Spectroscopy (CWAES)
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Which Key Trends Are Driving Changes In The Atomic Emission Spectroscopy Market?
Leading organizations in the atomic emission spectroscopy market are concentrating on creating novel solutions like arc/spark optical emission spectroscopy (OES) analyzers in order to secure a strong position within the industry. An arc/spark OES analyzer is a device utilized to identify the elemental composition of metals and alloys by observing the light that is emitted when a sample is stimulated by an electric arc or spark. For example, SPECTRO Analytical Instruments, a German-based company specialized in producing elemental analyzers, in July 2022 introduced the SPECTROMAXx LMX10, which is the latest iteration of its arc/spark OES analyzer that is specifically designed for elemental assessment in environments related to metal production and manufacturing, including iron and non-ferrous foundries. With its advanced features and enhancements over older models, the LMX10 has proven to be an indispensable asset for maintaining uniformity and quality throughout the metal distribution network.
Who Are the Key Players In The Atomic Emission Spectroscopy Market?
Major companies operating in the atomic emission spectroscopy market are:
• Hitachi Ltd
• Thermo Fisher Scientific Inc.
• Agilent Technologies Inc.
• Wuxi Jinyibo Instrument Technology
• SARTORIUS AG
• Shimadzu Corporation
• Bruker Corporation
• Horiba Ltd.
• Metrohm AG
• Malvern Panalytical Ltd
• Oxford Instruments PLC
• Foss Analytical AB
• Leco Corporation
• SPECTRO Analytical Instruments GmbH
• Jiangsu Skyray Instrument Co. Ltd.
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What Is The Most Dominant Region In The Atomic Emission Spectroscopy Market?
North America was the largest region in the atomic emission spectroscopy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the atomic emission spectroscopy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
