CHICAGO , Aug. 26, 2024 /PRNewswire/ -- The global Ultraviolet Visible Spectroscopy Market is valued at an estimated USD 1.3 billion in 2024 and is projected to reach USD 1.
7 billion by 2029 at a CAGR of 4.9% during the forecast period. The UV/Visible spectroscopy market is experiencing growth due to increasing concerns about environmental regulations, particularly in wastewater monitoring and treatment, and stringent quality control in food and drug production.
The adoption of UV/Visible spectrophotometers, driven by their cost-effectiveness for routine analysis in industries and research institutes, is rising. Key drivers include their use in environmental screening and industrial applications, while challenges like time-consuming sample preparation and operator errors may hinder growth. However, stringent environmental regulations offer opportunities, especially for portable systems in water treatment.
North America leads the market, supported by government funding for research. Major players include Agilent Technologies, Shimadzu Corporation, Thermo Fisher Scientific, and PerkinElmer. Dual-beam systems dominate due to their efficiency in industrial operations.
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