Global Spectroradiometers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Spectroradiometers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Spectroradiometers market finds that the global Spectroradiometers market reached a value of USD 563.36 million in 2022. It’s expected that the market will achieve USD 780.28 million by 2028, exhibiting a CAGR of 5.58% during the forecast period.

Market Challenges and Impact

The upgrade of the spectroradiometer depends more on the development of technology, and the high R&D costs and R&D limitations may limit further market growth.
At present, spectroradiometer market participants are mainly concentrated in the developed countries such as the United States, Europe, and Japan. Relatively speaking, these participants have mature R&D skills and complete R&D teams. For most market participants, the collision of technology frontiers and the competition between market participants cannot be ignored.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

The top three companies are ABB, Malvern Panalytical, Instrument Systems with the revenue market share of 5.86%, 3.96% and 3.63% in 2018.

ABB is a pioneering technology leader with a comprehensive offering for digital industries. With a history of innovation spanning more than 130 years, ABB is today a leader in digital industries with four customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by its common ABB Ability™ digital platform. ABB's market-leading Power Grids business will be divested to Hitachi in 2020. ABB operates in more than 100 countries with about 147,000 employees.

Malvern Instruments Ltd. provides analytical solutions. The Company offers a range of particle analysis and rheological instrumentation for a variety of materials, from industrial bulk powders, nonmaterial, delicate macromolecules, chemical composition, and bulk materials properties. Malvern offers its products and services throughout Europe, North America, China, Korea, and Japan.

Segmentation Overview:

Among different product types, Field Spectroradiometer segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the LED Testing segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Spectroradiometers market covered in Chapter 3:

TOPCON
Apogee Instruments
HORIBA Scientific
Pro-Lite
Gamma Scientific
Malvern Panalytical
Instrument Systems
EKO Instruments
ABB
Edmund Optics
Konica Minolta
StellarNet

In Chapter 4 and Chapter 14.2, on the basis of types, the Spectroradiometers market from 2018 to 2029 is primarily split into:

Field Spectroradiometer
Lab Spectroradiometer

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Spectroradiometers market from 2018 to 2029 covers:

LED Testing
Display Measurement
NVIS Testing
Reflectance Measurement

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)