Optical Emission Spectroscopy Market insight worth 792.4 million USD by 2023

MarketsandMarkets report, "Optical Emission Spectroscopy Market by Offering (Equipment, Services) Form Factor, Excitation Source Type (Arc/Spark OES, ICP-OES), Detector Type, Vertical (Automotive, Scrap & Recycling, Aerospace & Defense), and Geography - Global Forecast to 2023", the optical emission spectroscopy (OES) market is estimated to grow from USD 582.2 million in 2018 to USD 792.4 million by 2023, at a CAGR of 6.36% from 2018 to 2023. The growth of the market is driven by the enforcement of stringent government safety regulations and quality control requirements across various sectors, and technological enhancements and increased functionalities.

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The markets for OES equipment will continue to lead the market, in terms of market share. Growing use of portable OES analysers in metal producing and processing industries, such as metals and heavy machinery, automotive, aerospace & defence, and scrap and recycling industries; and rising use of ICP-OES across food & beverages, chemicals, pharmaceutical, and environmental industries are likely to increase the adoption of OES instruments. 

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·         Optical emission spectroscopy services market to grow at higher CAGR during forecast period

·         Automotive, scrap and recycling, aerospace & defense, and metals and heavy machinery to hold largest share of optical emission spectroscopy market in 2018

·         APAC to hold largest share of optical emission spectroscopy market in 2018

Thermo Fisher Scientific (US), Ametek (US), Bruker (US), Hitachi High Technologies Corporation (Japan), Shimadzu (Japan), Horiba (Japan), PerkinElmer (US), Agilent Technologies (US), Skyray Instrument (US), and Analytik Jena (Germany) are among the major players in the global optical emission spectroscopy equipment market. SGS (Switzerland), Bureau Veritas (Japan), Intertek (UK), TÜV SÜD (Germany), and Element Materials Technology (UK) are the major players in the optical emission spectroscopy services market.

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Browse 66 market data Tables and 54 Figures spread through 161 Pages and in-depth TOC on "Optical Emission Spectroscopy Market - Global Forecast to 2023"

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