Spectroradiometers Market size shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
Spectroradiometers are devices used in measuring the spectral effect distribution of a radiation source. Spectral radiation is also referred to as wavelength-dependent radiation. It is the intensity of radiation output from sources like the sun or electric lamps. The radiation spectrum from sources is usually different. During spectral effect distribution, light quantities including photometry, colorimetry and radiometry are evaluated for the measuring calibration and characterisation of light sources for different applications.
Spectroradiometers have three categories; single mass which uses a single mass analyzer, hybrid mass which uses at least two component mass analyzers, and others which use magnetic sector mass spectrometry and inductively coupled plasma mass spectrometry (ICP-MS). They work independently with no need for a PC.
Spectroradiometer devices have advanced with new technology being integrated with more features like colour descriptions of radiation sources that show radiance, luminance and chromaticity with precision.
Market growth factors include government policies on pollution control and environmental tests, an increase in spending on pharmaceutical R&D, government regulations on drug safety, the growing focus on food products with high quality, increase in crude and gas production and technological advancements in mass spectroradiometers.
They are applied in pharmaceuticals and biotechnology, environmental tests, food and beverage tests, and petrochemicals.
Spectroradiometers Market Growth and Trends
A spectrometer is an electronic multi-component device for recording and measuring the wavelength and amplitude of light. Available in various sizes and packages, these devices use the spectral effect of physics to measure reflected and refracted radiations. These equipment cater to multiple benefits and experience a dynamic market in the decades to arrive. The potential reasons for this acceleration are as follows:
- Light measurements demand high spectroscopic performance.
- These devices find an immense utility in research laboratories to manage their everyday operations and contestations.
- In fact, their massive accuracy ratios and calibrations are useful for their developing market.
- They also find an extensive application in environmental research related programmes.
- Government initiatives adopt their utilization for societal advancement and commercial research facilities and ecological studies.
Challenges to Spectroradiometers Market
Despite potential key drivers, here is an outline of the inevitable challenges which the growing market for spectroradiometers encounters:
- Fake and low-cost spectroradiometers may hamper their future growth.
- Many companies sell inferior quality spectroradiometers for petty profits which is likely to decline their upcoming preference.
Spectroradiometers Market Regional Analysis
Spectroradiometers Market Share and Competition
Key companies operating in this industry are: ABB Limited, Apogee Instruments, Inc., Delta Ohm, EKO Instruments, Hitachi High-Tech Analytical Science, HORIBA, Ltd., Instrument Systems GmbH, International Light Technologies Inc., Thermo Fisher Scientific Inc., and Topcon Technohouse Corporation. Other industries in this domain that is growing at a high CAGR include Multifunction Meter Market and Ozone Meter Market.
Spectroradiometers Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Actuation Type Analysis (Revenue, USD Million, 2020 - 2027)
• Portable
• Bench-top
Form Analysis (Revenue, USD Million, 2020 - 2027)
• Solar UV and UVB radiation
• LED measurement
• Display measurement and calibration
• CFL testing
• Remote detection of oil slicks
• SSL & OLED measurement
• Transmission and Reflection Measurement
End-user Analysis (Revenue, USD Million, 2020 - 2027)
• Spectroradiometry & Photometry
• Field Spectrometry
• Lab Spectrometry
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Spectroradiometers Market Companies
• ABB Limited
• Apogee Instruments, Inc.
• Delta Ohm
• EKO Instruments
• Hitachi High-Tech Analytical Science
• HORIBA, Ltd.
• Instrument Systems GmbH
• International Light Technologies Inc.
• Thermo Fisher Scientific Inc.
• Topcon Technohouse Corporation
Available Versions: -
United States Spectroradiometers Market Research Report
Europe Spectroradiometers Market Research Report
Asia Pacific Spectroradiometers Market Research Report
India Spectroradiometers Market Research Report
