NEW YORK , Sept. 24, 2024 /PRNewswire/ -- Report with market evolution powered by AI- The global atomic spectroscopy market size is estimated to grow by USD 2.46 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of almost 7.29% during the forecast period. Increased funding by government organizations for environmental testing and product safety is driving market growth, with a trend towards growing use of portable spectroscopy systems in metal producing and processing sector.
However, high cost of advanced instruments and maintenance services poses a challenge. Key market players include A KRUSS Optronic GmbH, Agilent Technologies Inc., AMETEK Inc.
, Aurora Biomed Inc., Avantor Inc., Bruker Corp.
, Buck Scientific Instrument Manufacturing Co. AA, Endress Hauser Group Services AG, GBC Scientific Equipment, Hitachi High Tech Corp., HORIBA Ltd.
, PerkinElmer Inc., Rigaku Corp., SAFAS SA, Shimadzu Corp.
, Teledyne Technologies Inc., and Thermo Fisher Scientific Inc..
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report Market Driver Manufacturers in the analytical instruments industry are prioritizing the development of compact, portable atomic spectroscopy systems to cater to the growing demand for onsite analysis in hard-to-reach locations. These portable products enable end-users in metal processing and production to perform tasks such as material iden.
