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Spectrophotometer Market, Global Outlook and Forecast 2023-2029

Spectrophotometer Market, Global Outlook and Forecast 2023-2029

  • Published on : 28 March 2023
  • Pages :110
  • Report Code:SMR-7618288

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Report overview

A spectrophotometer is an instrument that used for the measurement of transmittance or reflectance of solutions, transparent or opaque solids, such as polished glass, or gases. However they can also be designed to measure the diffusivity on any of the listed light ranges that usually cover around 200 nm - 2500 nm using different controls and calibrations.
A spectrophotometer, in general, consists of two devices; a spectrometer and a photometer. A spectrometer is a device that produces, typically disperses and measures light. A photometer indicates the photoelectric detector that measures the intensity of light.
First a collimator (lens) transmits a straight beam of light (photons) that passes through a monochromator (prism) to split it into several component wavelengths (spectrum). Then a wavelength selector (slit) transmits only the desired wavelengths. After the desired range of wavelength of light passes through the solution of a sample in cuvette, the photometer detects the amount of photons that is absorbed and then sends a signal to a galvanometer or a digital display.
This report aims to provide a comprehensive presentation of the global market for Spectrophotometer, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Spectrophotometer. This report contains market size and forecasts of Spectrophotometer in global, including the following market information:
  • Global Spectrophotometer Market Revenue, 2018-2023, 2024-2029, ($ millions)
  • Global Spectrophotometer Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Spectrophotometer companies in 2022 (%)
The global Spectrophotometer market was valued at US$ 2473.6 million in 2022 and is projected to reach US$ 3015.6 million by 2029, at a CAGR of 2.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in global Spectrophotometer market include Agilent, Thermo Fisher, Hitachi, etc. The top 3 players occupy about 30% shares of the global market. China is the main market, and occupies about 35% shares of the global market. UV-Visible Spectrophotometer is the main type, with a share about 70%. Biotechnology is the main application, which holds a share about 25%.
We surveyed the Spectrophotometer manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Spectrophotometer Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Spectrophotometer Market Segment Percentages, by Type, 2022 (%)
  • UV-Visible Spectrophotometer
  • IR Spectrophotometer
Global Spectrophotometer Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Spectrophotometer Market Segment Percentages, by Application, 2022 (%)
  • Pharmaceutical
  • Biotechnology
  • Industrial Chemistry
  • Food and Beverage
  • Environmental
  • Others
Global Spectrophotometer Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Spectrophotometer Market Segment Percentages, By Region and Country, 2022 (%)
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Nordic Countries
  • Benelux
  • Rest of Europe
  • Asia
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Rest of Asia
  • South America
  • Brazil
  • Argentina
  • Rest of South America
  • Middle East & Africa
  • Turkey
  • Israel
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
  • Key companies Spectrophotometer revenues in global market, 2018-2023 (Estimated), ($ millions)
  • Key companies Spectrophotometer revenues share in global market, 2022 (%)
  • Key companies Spectrophotometer sales in global market, 2018-2023 (Estimated), (K Units)
  • Key companies Spectrophotometer sales share in global market, 2022 (%)
  • Further, the report presents profiles of competitors in the market, key players include:
  • Agilent
  • Thermo Fisher
  • Hitachi
  • Shimadzu
  • PerkinElmer
  • Hach
  • Beckman Coulter
  • Xylem
  • VWR
  • Biochrom
  • Analytik Jena
  • JASCO
  • BioTek
  • Bibby Scientific
  • PG Instruments
  • B&W Tek
  • INESA
  • Spectrum
  • Shanghai Lab-Spectrum Instruments
  • Outline of Major Chapters:
  • Chapter 1: Introduces the definition of Spectrophotometer, market overview.
  • Chapter 2: Global Spectrophotometer market size in revenue and volume.
  • Chapter 3: Detailed analysis of Spectrophotometer manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 6: Sales of Spectrophotometer in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
  • Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
  • Chapter 8: Global Spectrophotometer capacity by region & country.
  • Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
  • Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
  • Chapter 11: The main points and conclusions of the report.