Global Ultraviolet-Visible Spectroscopy Market Overview And Prospects
Learn about the global ultraviolet-visible spectroscopy market through The Business Research Company, which provides information on ultraviolet-visible spectroscopy market size, ultraviolet-visible spectroscopy market drivers and restraints, ultraviolet-visible spectroscopy market players, the COVID-19 impact on the ultraviolet-visible spectroscopy market, and more.
The global ultraviolet-visible spectroscopy market is expected to grow from $0.95 billion in 2020 to $1.01 billion in 2021 at a compound annual growth rate (CAGR) of 5.8%. The growth is mainly due to growing application and use of UV/visible spectroscopy in pharmaceutical & biotechnology environmental screening and other applications. The technological advancements and increasing need for food analysis and quality products is also adding to the growth of the market. The ultraviolet-visible spectroscopy market is expected to reach $1.22 billion in 2025 at a CAGR of 4.8%.
The outbreak of COVID-19 is expected to drive innovation in ultraviolet-visible spectroscopy, thus driving the market during the forecast period.
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The ultraviolet-visible spectroscopy market consists of sales of ultraviolet-visible spectroscopy products and related services by entities (organizations, sole traders and partnerships) that manufacture ultraviolet-visible spectroscopy devices. Ultraviolet-visible spectroscopy is a method used to measure light absorbance in the ultraviolet and visible ranges of the electromagnetic spectrum. These devices find their application in analytical chemistry for the quantitative determination of different analytes, such as transition metal ions, highly conjugated organic compounds, and biological macromolecules.
Global ultraviolet-visible spectroscopy market segments include:
By Instrument type: Single-Beam System, Double-Beam System, Array Based System, Handheld System
By Application: Industrial Applications, Physical Chemistry Studies, Life Science Studies, Environmental Studies, Academic Applications, Life Science Research And Development, Quality Assurance And Quality Control
By End User: Pharmaceutical And Biotechnology Companies, Academic And Research Institutes, Agriculture And Food Industries, Environmental Testing Labs
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the ultraviolet-visible spectroscopy market in 2020.
The companies in the market are increasingly investing in handheld or portable ultraviolet-visible spectroscopy market, which allows consumers to take informed decisions on the spot, thus saving valuable time. Major companies operating in the ultraviolet-visible spectroscopy sector are focused on developing portable technological solutions for ultraviolet-visible spectroscopy.
TBRC’s ultraviolet-visible spectroscopy market report covers:
Major Market Players: Shimadzu Corporation, Agilent Technologies, Thermo Fisher Scientific Inc., PerkinElmer Inc., Bio-Rad Laboratories, Hitachi High-Technologies Corporation, Buck Scientific, Bruker Corporation, Mettler-Toledo, Cole-Parmer, GBC Scientific Equipment, Hach Company, HORIBA. Ltd, Hamamatsu Photonics K.K, Analytik Jena, GBC Scientific Equipment, Biochrom, Ametek Process Instruments, Cecil Instrument, and GE Healthcare.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Ultraviolet-Visible Spectroscopy Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides ultraviolet-visible spectroscopy market overviews, analyzes and forecasts market size, share, ultraviolet-visible spectroscopy market players, ultraviolet-visible spectroscopy market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s ultraviolet-visible spectroscopy market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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