Machines & Equipment / Laser Induced Breakdown Spectroscopy (LIBS) Analyzers Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Hitachi High-Tech Analytical Science, Thermo Fisher Scientific Inc. (NYSE: TMO)
Laser Induced Breakdown Spectroscopy (LIBS) Analyzers Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Hitachi High-Tech Analytical Science, Thermo Fisher Scientific Inc. (NYSE: TMO)
Over the next five years the Laser Induced Breakdown Spectroscopy (LIBS) Analyzersmarket will register an 6.4% CAGR in terms of revenue, the global market size will reach USD 1.52 billion by 2027.
The primary factor boosting demand for laser-induced breakdown spectrometers (LIBS) analyzers is the fact that they use a quick, portable method that offers results immediately without the need for sample preparation. The demand for the laser cause breakdown spectrometer is considerable in the field of research analytical procedures. Furthermore, the LIBS spectra provide material information, which makes the method ideal for provenance and correlation studies.
The fact that the laser-induced breakdown spectrometer (LIBS) analyzers may be used on any material, whether solid, liquid, or gas, and that it can identify every chemical element in a sample increases the need for it. It is also a portable tool that is increasingly being utilised for industrial process control, environmental protection, and the preservation of culture and heritage, all of which contribute to the market's expansion on a global scale. The difficulty in completing quantitative analysis, a crucial component of the research, is one of the main drawbacks of the laser-induced breakdown spectrometer (LIBS) analyzers.
A significant difficulty that furthers limits demand is the long-term stability and reliability of laser-induced breakdown spectrometer instruments, particularly lasers. Because the LIBS uses a pulsed laser, its lifespan is frequently constrained. When conducting provenance investigations, the same material examined on another instrument with a comparable function produces different results. This is because the spectra produced by the laser-induced breakdown spectrometer (LIBS) analyzers are unique to the device. These discrepancies become substantial enough to preclude data fusion between instruments. In the world of analysis methodologies, LIBS holds a unique position. It has the advantages of being rapid and requiring little to no sample preparation. Additionally, it is adaptable in handheld gadgets the size of a cordless drill.
Who are the Major Players in Laser Induced Breakdown Spectroscopy (LIBS) Analyzers Market?
The Laser Induced Breakdown Spectroscopy (LIBS) Analyzers Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market Hitachi High-Tech Analytical Science, SciAps, Inc, B&W Tek, Teledyne Princeton Instruments, Velainstruments, Rigaku, Pharma Laser, AtomTrace, LTB Lasertechnik Berlin GmbH, Thermo Fisher Scientific Inc., StellarNet and others.
Industry News:
NEW RIGAKU HANDHELD LIBS ANALYZER PROVIDES HIGH PERFORMANCE METAL ALLOY ANALYSIS
April 28, 2021 – Rigaku Analytical Devices, a leading pioneer of handheld spectroscopic analyzers, has announced the launch of the KT-500 - a new, handheld laser-induced breakdown spectroscopy (LIBS) analyzer. The Rigaku KT-500 features the first carbon-capable, miniaturized, high resolution echelle spectrometer, known as HiRES Technology. It represents the next advancement in LIBS technology with the ability to provide identification of elements that were difficult to see with previous generation handheld LIBS analyzers, such as carbon.
Laser Induced Breakdown Spectroscopy (LIBS) Analyzers Market provides details by vendors, including company total revenue (financials), company overview, market potential, global presence, his business report briefly talks about market performance of each business sector covering growth factors and sales volume. this analysis provides the This Laser Induced Breakdown Spectroscopy (LIBS) Analyzers Market analysis report provides recent trends, granular level data covering market size and share. It provides all the recent updates about CORONA virus and its impact on world economy and human health. By getting this data, key players can obtain profit making and right business opportunities for future growth. Its further guides to increase the product demand and business expansion.
What are the major Applications, Types and Regions for Laser Induced Breakdown Spectroscopy (LIBS) Analyzers Market?
In 2018, North America dominated the global market for laser induced breakdown spectrometers (LIBS) Analyzers, which can be ascribed to higher government and individual spending on research and development. The laser induced breakdown spectrometer (LIBS) Analyzers market in North America, particularly in the US and Canada, has also been driven by rising environmental concerns.
During the forecast period, North America is anticipated to see the fastest growth in the laser induced breakdown spectrometer (LIBS) Analyzers market, followed by Europe and Asia Pacific.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Laser Induced Breakdown Spectroscopy (LIBS) Analyzers Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Laser Induced Breakdown Spectroscopy (LIBS) Analyzers Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Laser Induced Breakdown Spectroscopy (LIBS) Analyzers Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 6.4% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Laser Induced Breakdown Spectroscopy (LIBS) Analyzers Report
Evaluate Laser Induced Breakdown Spectroscopy (LIBS) Analyzers market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Laser Induced Breakdown Spectroscopy (LIBS) Analyzers market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Laser Induced Breakdown Spectroscopy (LIBS) Analyzers Market is studied from 2017 - 2027.
What is the growth rate of Laser Induced Breakdown Spectroscopy (LIBS) Analyzers Market?
The Laser Induced Breakdown Spectroscopy (LIBS) Analyzers Market is growing at a CAGR of 6.4% over the next 5 years.
Who are the key players in Laser Induced Breakdown Spectroscopy (LIBS) Analyzers Market?
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
