According to Future Market Insights, the global Atomic Absorption Spectrometer market is expected to be valued at US$ 6,284.3 Million by 2022 and will increase at a CAGR of 5.9% from 2022 to 2032.
| Attributes | Details |
|---|---|
| Market Size 2021A | US$ 5,973.7 Million |
| Market Size 2022E | US$ 6,284.3 Million |
| Market Size 2032F | US$ 10,433.2 Million |
| Value CAGR (2022 to 2032) | 5.9% |
A type of volumetric analysis known as atomic absorption spectroscopy is used to detect or record a particular light wavelength absorbed by atoms in a neutral state. The strength of absorption increases with atom count and vice versa. Given that its primary function is metal analysis, this instrument is also known as a spectrometer for metal analysis.
Metal concentrations can be analyzed in spectrochemical using various spectrometers, such as atomic absorption spectrometers, in medicine, foods, and beverages, biological fluids, and specimens.
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The market analysis for Atomic Absorption Spectrometer from 2017 to 2021 exhibited a historical growth rate of 2.7% CAGR, as atomic absorption spectrometers are used more frequently in a variety of applications, including environmental analysis, clinical analysis, and many others being the primary factors that have driven the market expansion during 2017 to 2021.
However, according to the most recent FMI analysis, the Atomic Absorption Spectrometer market is expected to grow at a rate of 5.9% between 2022 and 2032. The increasing use of atomic absorption spectrometers by a number of industries, including biomonitoring, chemical, food, and many others, will be a major factor in the growth of the global atomic absorption spectrometer market.
The need for atomic absorption spectrometers in the markets is anticipated to increase due to the expansion of the pharmaceutical and environmental testing industries, which is primarily driven by the global incidence of various diseases and environmental problems like ozone layer depletion.
The demand for atomic absorption spectrometers is expected to grow due to the increasing use of these instruments in the chemical and biotechnology industries. This is one of the most important variables influencing the growth of the atomic absorption Spectrometers market throughout the forecast period.
One of the key factors fuelling the expansion of the global atomic absorption spectrometer market is the rising concerns about food safety and environmental preservation, thereby driving the growth of the atomic absorption spectrometer market.
The expanding use of x-ray fluorescence technology in medical research increased the acceptance of atomic absorption spectrometers in drug development and drug safety process, factors that are anticipated to fuel demand for the atomic absorption spectrometer.
Moreover, the market for atomic absorption spectrometers is also expected to increase due to supportive and stringent government regulations related to the drug development process and increased government investments in atomic absorption spectroscopy technology. During the projection period, a surge in demand for highly sensitive, accurate, simple, and quick equipment to measure element concentrations is also projected to boost the market growth.
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The atomic absorption spectrometer has the ability to analyze only solutions. Also, it is less sensitive compared to graphite furnaces, these factors are expected to restrict the global atomic absorption spectrometer market.
The majority of atomic absorption spectroscopy techniques focus more on examining liquids than solids. This is because the chemical may be studied before it is vaporized. As compared to solids, liquids are significantly simpler to handle, because some solids disintegrate slowly while others do not promote disintegration at all. Furthermore, non-metals cannot be tested using methods that allow for solid-substance testing. Although the technology is more portable than earlier instruments it is raising its costs and making it unsuitable for widespread lab use.
The global atomic absorption spectrometer market is divided into six major geographic regions based on their economic importance: North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa.
The market is expanding as a result of the significant presence of top manufacturers of atomic absorption spectrometers in nations like the USA and Canada. The market in the region is expanding as a result of the expanding pharmaceutical production in the USA
Due to significant advancements made by the key players in this area, North America held the largest share of the global market for atomic absorption spectrometers in 2021, followed by Europe and Asia Pacific.
Additionally, the East Asia region is anticipated to experience the largest growth during the projection period of 2022 to 2032 as a result of the region's incremental demand for atomic absorption spectrometers from the growing petrochemical and agricultural sectors.
Furthermore, the Middle East and Africa, as well as Latin America, are predicted to increase significantly during the forecast projected period.
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Key players operating in the Atomic Absorption Spectrometer are Thermo Fisher Scientific, Analytik Jena AG, Hitachi High-Technologies Corporation, GBC Scientific Equipment Pty Ltd, Agilent Technologies, Rigaku Corporation, Shimadzu Corporation, Aurora Biomed, PerkinElmer, Inc, Bruker Corporation and others.
To build a strong position in the Atomic Absorption Spectrometer market, key market players are boosting production capacity, expanding sales and distribution networks, product differentiation and new product development, and strategic alliances and partnerships.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.9% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | End Use, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Spain, Benelux, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, South Africa, North Africa |
| Key Companies Profiled | Thermo Fisher Scientific; Analytik Jena AG; Hitachi High-Technologies Corporation; GBC Scientific Equipment Pty Ltd; Agilent Technologies; Rigaku Corporation; Shimadzu Corporation; Aurora Biomed; PerkinElmer, Inc; Bruker Corporation |
| Customization & Pricing | Available upon Request |
In 2021, the value of the Atomic Absorption Spectrometer market reached over US$ 5973.7 million.
During the forecast period, the Atomic Absorption Spectrometer market is estimated to expand at a CAGR of 5.9% from 2022 to 2032.
The Atomic Absorption Spectrometer market is projected to reach US$ 10433.2 Million by the end of 2032.
China is projected to lead the East Asia Atomic Absorption Spectrometer market in the forecast period.
Key players operating in the Atomic Absorption Spectrometer are Thermo Fisher Scientific, Analytik Jena AG, Hitachi High-Technologies Corporation, GBC Scientific Equipment Pty Ltd, Agilent Technologies, Rigaku Corporation, Shimadzu Corporation, Aurora Biomed, PerkinElmer, Inc, Bruker Corporation and others.
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Atomic Absorption Spectrometer Market
