New Market Research Report: Portable Analytical Instruments Market - Global Forecast to 2020

From: Fast Market Research, Inc.
Published: Wed May 04 2016

Portable Analytical Instruments Market by Product (pH Meters, Conductivity and Resistivity Meters, TOC Analyzers), Technology (XRF, FTIR, LIBS, NIR & Elemental Analysis), End Users (Food and Beverage Industry), Geography - Global Forecast to 2020

Portable Analytical Instruments Market, By Product (pH meters, Conductivity and Resistivity meters, TOC Analyzers), Technology (XRF, FTIR, LIBS, NIR & Elemental Analysis), End Users (Food & Beverage Industry), Geography-Global Forecast to 2020

The global portable analytical instruments market is projected to reach USD 9.55 billion by 2020 from USD 8.10 billion in 2015, at a CAGR of 3.3% between 2015 and 2020. Growing food and environmental concerns; availability of low-cost and easy-to-operate portable analytical instruments; and increasing healthcare expenditure are key factors driving market growth for portable analytical instruments.

By product, the market includes TOC analyzers, dissolved carbon dioxide & oxygen meters, titrators, refractometers, pH meters, spectrometers, gas analyzers, conductivity & resistivity meters, colorimeters, thermal analyzers, and others (thermometers and balances). Based on technology, the market is segmented into spectroscopic analysis, elemental analysis, and others (thermal analysis and electrochemical analysis). Spectroscopic analysis is further subsegmented into X-ray fluorescence (XRF), near-infrared spectroscopy (NIR), Raman spectroscopy, Fourier transform infrared spectroscopy (FTIR), laser-induced breakdown spectroscopy (LIBS), and others (ion mobility spectroscopy and spectral imaging). The pH meters segment is estimated to hold the largest share of the portable analytical instruments market in 2015 owing to its wide use in many applications in chemical, pharmaceutical & biotechnology companies, food & beverage industry, water testing, petrochemical industry, and pulp & paper industry. The spectroscopic analysis technology segment is expected to grow at the highest rate; this technique can commonly be employed for various applications that require high precision and accuracy, such as food and beverage testing, drug testing, environmental testing, and academics & research, thus driving its market growth

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