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IR Spectroscopy Market Share

Report ID: GMI11642
Published Date: Oct 2024
Report Format: PDF

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IR Spectroscopy Market Share

Thermo Fisher Scientific and PerkinElmer hold a significant share in the IR spectroscopy industry. Thermo Fisher Scientific Inc. holds a significant share in the IR spectroscopy business due to its extensive portfolio of high-quality, innovative products, and its strong focus on research & development. The company offers a comprehensive range of FTIR spectroscopy instruments that cater to various applications, including materials analysis, pharmaceuticals, and environmental testing. Thermo Fisher's commitment to advancing technology is evident in its cutting-edge instruments, which incorporate the latest advancements in sensitivity, resolution, and data processing. Thermo Fisher Scientific's global presence and robust distribution network further enhance its market position, ensuring that its products are widely accessible to researchers and industrial users across different regions.

The company's emphasis on customer support, including training and technical assistance, contributes to its strong reputation and customer loyalty. Additionally, Thermo Fisher's strategic acquisitions and partnerships with other technology providers have bolstered its capabilities and expanded its product offerings, reinforcing its leadership in the market.

PerkinElmer Inc. also commands a significant share of the IR spectroscopy market owing to its innovative approach and broad range of analytical solutions. The company's FTIR and portable IR spectroscopy systems are renowned for their high performance, reliability, and ease of use. PerkinElmer's emphasis on developing state-of-the-art technologies, such as advanced detectors and software solutions, has positioned it as a key player in the market. PerkinElmer's focus on industry-specific applications, including healthcare, environmental monitoring, and materials science, allows it to offer tailored solutions that meet the diverse needs of its customers.

The company's strong commitment to research & development, combined with its strategic collaborations and partnerships, enhances its product portfolio and market presence. PerkinElmer's extensive customer support infrastructure and global reach further solidify its position as a leading provider of IR spectroscopy instruments, catering to both academic and industrial sectors.

IR Spectroscopy Market Companies

Major players operating in the IR spectroscopy industry are:

Thermo Fisher Scientific
PerkinElmer
Bruker
Shimadzu
Agilent Technologies
Jasco International
Horiba

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market for IR spectroscopy was reached USD 1.3 billion in 2023 and is expected to grow at a CAGR of over 5% between 2024 and 2032, driven by rising demand in the pharmaceutical industry and advancements in technology.

The Fourier Transform Infrared (FTIR) spectroscopy technology led the market in 2023, capturing over 30% of the share. FTIR is a sophisticated analytical technique widely used in the IR spectroscopy industry to obtain detailed molecular information about samples.

The portable IR spectroscopy segment is expected to grow at a CAGR of over 9% through 2032, due to rapidly growing food and beverage industry.

North America region dominated the global IR spectroscopy market in 2023, accounting for a share of over 35%. The U.S. is the major contributor, supported by a robust pharmaceutical industry, advanced healthcare infrastructure, and significant investments in research and development.

Key players in the IR spectroscopy market include Thermo Fisher Scientific, PerkinElmer, Bruker, Shimadzu, Agilent Technologies, Jasco International, and Horiba.