Process Spectroscopy Market to Rise at 7.5% CAGR during the Forecast Period
The technology segment is further categorized into molecular, mass, and atomic technologies. The molecular technology segment held maximum market and revenue in 2015 and is estimated to maintain its dominance over the coming years.
(firmenpresse) - The increasing adoption of various spectroscopic techniques in a variety of industrial applications, including chemicals, oil & gas, pharmaceutical, and food and agriculture, is expected to propel the overall market growth.
The global process spectroscopy market size is estimated to reach USD 25.10 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 7.5% during the forecast period. Growing efforts in the pharmaceutical industry to undertake advanced research and development is leading to increased adoption of various spectroscopy techniques over the forecast period.
Moreover, the need to abide by the necessary specifications to maintain the standard and quality specifications is pushing the manufacturers and packaging industries to adopt spectroscopic techniques, eventually, catapulting the demand for process spectroscopy to instigate further growth.
Access Research Report of Process Spectroscopy Market (at) www.grandviewresearch.com/industry-analysis/process-spectroscopy-market
The technology segment is further categorized into molecular, mass, and atomic technologies. The molecular technology segment held maximum market and revenue in 2015 and is estimated to maintain its dominance over the coming years.
Furthermore, the molecular technology has led to the evolution of different technologies such as Near Infrared (NIR), Fourier-Transform Infrared (FT-IR), Nuclear Magnetic Resonance (NMR), and Raman spectroscopy. The ever-increasing demand and growing adoption of Raman spectroscopy is playing a respectable role in flourishing the global market.
The key industry players, such as ABB Group, Shimadzu Corporation, Sartorius AG, and Kett Electric Laboratory in the North American, European, and the Asia Pacific continents, have been extensively investing in R&D of spectroscopy technologies and related techniques. These innovations are generating a substantial demand for spectroscopy equipment in several industrial applications across the globe.
The growing adoption of technology in pharmaceutical and food & agriculture applications across the Asia Pacific region has led to the enhanced growth over the projected period. The demand arising from these nations coupled with the established oil & gas sector in the Middle Eastern region is another factor, playing a key role in attracting the applications of process spectroscopy, therefore, paving the way for a better and continuously growing future of the process spectroscopy market across the globe over the estimated time.
Access Press Release of Process Spectroscopy Market(at) www.grandviewresearch.com/press-release/global-process-spectroscopy-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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Datum: 06.11.2019 - 07:26 Uhr
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