Europe IR Spectroscopy Market Size, Share & Trends Analysis Report By Technology (Dispersive and Fourier Transform), By Type, By Product Type, By End-user, By Country and Growth Forecast, 2024 - 2031
The Europe IR Spectroscopy Market would witness market growth of 6.0% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe IR Spectroscopy Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $119.3 million by 2031. The UK market is exhibiting a CAGR of 5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 6.8% during (2024 - 2031).
The IR spectroscopy method stands as a cornerstone analytical technique across numerous industries, research domains, and scientific disciplines, driving a thriving market that continues to expand and innovate. With its ability to provide valuable insights into molecular structure, chemical composition, and material properties, IR spectroscopy has become indispensable in fields ranging from pharmaceuticals and healthcare to chemicals, materials science, environmental monitoring, and beyond. The IR spectroscopy market encompasses a diverse array of instruments, accessories, software, and services tailored to meet the diverse needs of users, from academic researchers and industrial chemists to quality control specialists and forensic analysts.
In the IR spectroscopy market, there lies a range of sophisticated instruments, including benchtop spectrometers, handheld devices, microscopy systems, and imaging spectrometers, each offering unique capabilities and applications. These instruments utilize various IR radiation sources, detectors, and optical configurations to collect and analyze spectral data across different regions of the infrared spectrum, from the near-infrared (NIR) to the mid-infrared (MIR) and far-infrared (FIR). Manufacturers continually innovate to enhance instrument performance, sensitivity, resolution, and ease of use, catering to the evolving needs of users across industries and research disciplines.
The expanding IR spectroscopy market in Europe is driven by factors such as the presence of a large number of F&B processing enterprises, the robust medical device markets in countries like France, and the investments in healthcare infrastructure and digitalization in Italy. Thus, the region presents lucrative growth prospects for the regional market.
Based on Technology, the market is segmented into Dispersive and Fourier Transform. Based on Type, the market is segmented into Near-infrared Spectroscopy, Mid-infrared Spectroscopy, and Far-infrared Spectroscopy. Based on Product Type, the market is segmented into Benchtop Spectroscopes, Micro Spectroscopes, Portable Spectroscopes, and Hyphenated Spectroscopes. Based on End-user, the market is segmented into Healthcare & Pharmaceuticals, Chemicals, Food & Beverages, Biological Research, Environmental, and Consumer Electronics. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Shimadzu Corporation
- Carl Zeiss AG
- Revvit, Inc
- Agilent Technologies, Inc.
- Bruker Corporation
- ABB Group
- Thermo Fisher Scientific, Inc.
- Horiba Ltd.
- Sartorius AG
- Hitachi High-Tech Corporation (Hitachi, Ltd)
By Technology
- Dispersive
- Fourier Transform
- Near-infrared Spectroscopy
- Mid-infrared Spectroscopy
- Far-infrared Spectroscopy
- Benchtop Spectroscopes
- Micro Spectroscopes
- Portable Spectroscopes
- Hyphenated Spectroscopes
- Healthcare & Pharmaceuticals
- Chemicals
- Food & Beverages
- Biological Research
- Environmental
- Consumer Electronics
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe IR Spectroscopy Market, by Technology
- 1.4.2 Europe IR Spectroscopy Market, by Type
- 1.4.3 Europe IR Spectroscopy Market, by Product Type
- 1.4.4 Europe IR Spectroscopy Market, by End-User
- 1.4.5 Europe IR Spectroscopy Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market composition and scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.2.4 Expansion
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2021-2024)
- 4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2021, Oct – 2024, Mar) Leading Players
- 4.5 Porter’s Five Forces Analysis
- Chapter 5. Europe IR Spectroscopy Market by Technology
- 5.1 Europe Dispersive Market by Country
- 5.2 Europe Fourier Transform Market by Country
- Chapter 6. Europe IR Spectroscopy Market by Type
- 6.1 Europe Near-infrared Spectroscopy Market by Country
- 6.2 Europe Mid-infrared Spectroscopy Market by Country
- 6.3 Europe Far-infrared Spectroscopy Market by Country
- Chapter 7. Europe IR Spectroscopy Market by Product Type
- 7.1 Europe Benchtop Spectroscopes Market by Country
- 7.2 Europe Micro Spectroscopes Market by Country
- 7.3 Europe Portable Spectroscopes Market by Country
- 7.4 Europe Hyphenated Spectroscopes Market by Country
- Chapter 8. Europe IR Spectroscopy Market by End-user
- 8.1 Europe Healthcare & Pharmaceuticals Market by Country
- 8.2 Europe Chemicals Market by Country
- 8.3 Europe Food & Beverages Market by Country
- 8.4 Europe Biological Research Market by Country
- 8.5 Europe Environmental Market by Country
- 8.6 Europe Consumer Electronics Market by Country
- Chapter 9. Europe IR Spectroscopy Market by Country
- 9.1 Germany IR Spectroscopy Market
- 9.1.1 Germany IR Spectroscopy Market by Technology
- 9.1.2 Germany IR Spectroscopy Market by Type
- 9.1.3 Germany IR Spectroscopy Market by Product Type
- 9.1.4 Germany IR Spectroscopy Market by End-user
- 9.2 UK IR Spectroscopy Market
- 9.2.1 UK IR Spectroscopy Market by Technology
- 9.2.2 UK IR Spectroscopy Market by Type
- 9.2.3 UK IR Spectroscopy Market by Product Type
- 9.2.4 UK IR Spectroscopy Market by End-user
- 9.3 France IR Spectroscopy Market
- 9.3.1 France IR Spectroscopy Market by Technology
- 9.3.2 France IR Spectroscopy Market by Type
- 9.3.3 France IR Spectroscopy Market by Product Type
- 9.3.4 France IR Spectroscopy Market by End-user
- 9.4 Russia IR Spectroscopy Market
- 9.4.1 Russia IR Spectroscopy Market by Technology
- 9.4.2 Russia IR Spectroscopy Market by Type
- 9.4.3 Russia IR Spectroscopy Market by Product Type
- 9.4.4 Russia IR Spectroscopy Market by End-user
- 9.5 Spain IR Spectroscopy Market
- 9.5.1 Spain IR Spectroscopy Market by Technology
- 9.5.2 Spain IR Spectroscopy Market by Type
- 9.5.3 Spain IR Spectroscopy Market by Product Type
- 9.5.4 Spain IR Spectroscopy Market by End-user
- 9.6 Italy IR Spectroscopy Market
- 9.6.1 Italy IR Spectroscopy Market by Technology
- 9.6.2 Italy IR Spectroscopy Market by Type
- 9.6.3 Italy IR Spectroscopy Market by Product Type
- 9.6.4 Italy IR Spectroscopy Market by End-user
- 9.7 Rest of Europe IR Spectroscopy Market
- 9.7.1 Rest of Europe IR Spectroscopy Market by Technology
- 9.7.2 Rest of Europe IR Spectroscopy Market by Type
- 9.7.3 Rest of Europe IR Spectroscopy Market by Product Type
- 9.7.4 Rest of Europe IR Spectroscopy Market by End-user
- Chapter 10. Company Profiles
- 10.1 Shimadzu Corporation
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Recent strategies and developments:
- 10.1.4.1 Partnerships, Collaborations, and Agreements:
- 10.1.4.2 Product Launches and Product Expansions:
- 10.1.5 SWOT Analysis
- 10.2 Carl Zeiss AG
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expenses
- 10.2.5 SWOT Analysis
- 10.3 Revvity, Inc.
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expense
- 10.3.5 Recent strategies and developments:
- 10.3.5.1 Product Launches and Product Expansions:
- 10.3.5.2 Acquisition and Mergers:
- 10.4 Agilent Technologies, Inc.
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental and Regional Analysis
- 10.4.4 Research & Development Expense
- 10.4.5 Recent strategies and developments:
- 10.4.5.1 Partnerships, Collaborations, and Agreements:
- 10.4.5.2 Product Launches and Product Expansions:
- 10.4.6 SWOT Analysis
- 10.5 Bruker Corporation
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental and Regional Analysis
- 10.5.4 Research & Development Expense
- 10.5.5 Recent strategies and developments:
- 10.5.5.1 Product Launches and Product Expansions:
- 10.5.5.2 Acquisition and Mergers:
- 10.5.6 SWOT Analysis
- 10.6 Thermo Fisher Scientific, Inc.
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental and Regional Analysis
- 10.6.4 Research & Development Expenses
- 10.6.5 Recent strategies and developments:
- 10.6.5.1 Partnerships, Collaborations, and Agreements:
- 10.6.5.2 Product Launches and Product Expansions:
- 10.6.5.3 Acquisition and Mergers:
- 10.6.6 SWOT Analysis
- 10.7 Horiba Ltd.
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Regional & Segmental Analysis
- 10.7.4 Research & Development Expenses
- 10.7.5 Recent strategies and developments:
- 10.7.5.1 Partnerships, Collaborations, and Agreements:
- 10.7.6 SWOT Analysis
- 10.8 Sartorius AG
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Segmental and Regional Analysis
- 10.8.4 Research & Development Expenses
- 10.8.5 SWOT Analysis
- 10.9 Hitachi High-Tech Corporation (Hitachi, Ltd.)
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Segmental and Regional Analysis
- 10.9.4 Research & Development Expenses
- 10.9.5 SWOT Analysis
- 10.10. ABB Group
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Segmental and Regional Analysis
- 10.10.4 Research & Development Expense
- 10.10.5 Recent strategies and developments:
- 10.10.5.1 Product Launches and Product Expansions:
- 10.10.6 SWOT Analysis
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