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Laser-induced Breakdown Spectroscopy (LIBS) Market Size
- Report ID: GMI6166
- Published Date: Jul 2023
- Report Format: PDF
Laser-induced Breakdown Spectroscopy Market Size
Laser-Induced Breakdown Spectroscopy Market size was valued at USD 261 million in 2022 and is estimated to account for USD 475 million by 2032. Laser-induced breakdown spectroscopy (LIBS) is an analytical instrumentation that uses a high-intensity laser pulse to generate plasma on the surface of a sample.
LIBS analyzes the emitted light by dispersing it into its constituent wavelengths using a spectrometer or other optical components. This dispersed light is then detected and measured to identify the elements present in the sample and determine their relative abundances. The growing need for quick and accurate analysis in various industries, such as metals and mining, environmental monitoring, and pharmaceuticals.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Laser-induced Breakdown Spectroscopy Market Size in 2022: | USD 261 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.2% |
| 2032 Value Projection: | USD 475 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 210 |
| Tables, Charts & Figures: | 275 |
| Segments covered: | Product, End-use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Incremental advancements in laser technology such as higher pulse energies, shorter pulse durations, and improved beam quality to enhance the performance and sensitivity of LIBS systems will accelerate industry progression. These advancements allow more precise and accurate elemental analysis and improved performance that attracts more industries and research institutions to adopt LIBS technology.
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Laser-induced Breakdown Spectroscopy Market Scope
