Global Near-infrared Spectroscopy(NIRS) Equipment Market Size is expected to experience a CAGR of 11.5% through 2024

The "Near-infrared Spectroscopy(NIRS) Equipment Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Near-infrared Spectroscopy(NIRS) Equipment market is expected to grow annually by 11.5% (CAGR 2024 - 2031).

This entire report is of 178 pages.

Near-infrared Spectroscopy(NIRS) Equipment Introduction and its Market Analysis

The Near-infrared Spectroscopy (NIRS) Equipment market research report analyzes the current market conditions and provides insights into the target market and major factors driving revenue growth. NIRS Equipment is a non-destructive analytical technique used for qualitative and quantitative analysis in various industries such as food and agriculture, pharmaceuticals, and environmental monitoring. Key players in the market include Thermo Fisher Scientific, Bruker, Unity Scientific, FOSS, Buchi, ABB, Perten (PerkinElmer), Agilent Technologies, Yokogawa, Shimadzu, Guided Wave (Advanced Group), Zeutec, and Hitachi. The report's main findings highlight the growing demand for NIRS Equipment and recommend strategies for companies to capitalize on this trend.

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The global Near-infrared Spectroscopy (NIRS) Equipment market is segmented based on type into FT-NIR Spectroscopy, Dispersive NIR Spectroscopy, and Other types such as AOTF and Filter-based NIRS equipment. The market is also segmented based on application into the Polymer Industry, Food and Agriculture Industry, Pharmaceutical Industry, Oil and Gas Industry, and Other industries.

Regulatory and legal factors specific to the NIRS Equipment market include adherence to industry standards and regulations such as Good Manufacturing Practices (GMP) and the Food and Drug Administration (FDA) guidelines for the Pharmaceutical Industry. Additionally, companies operating in the Oil and Gas Industry must comply with environmental regulations and safety standards to ensure the responsible use of NIRS technology.

Overall, the NIRS Equipment market is expected to witness significant growth due to the increasing demand for non-invasive analytical techniques in various industries. Companies in the market must stay informed about regulatory changes and market conditions to capitalize on growth opportunities and stay competitive in the industry.

Top Featured Companies Dominating the Global Near-infrared Spectroscopy(NIRS) Equipment Market

The Near-infrared Spectroscopy (NIRS) Equipment Market is highly competitive with several key players dominating the industry. Some of the prominent companies operating in the NIRS Equipment Market include Thermo Fisher Scientific, Bruker, Unity Scientific, FOSS, Buchi, ABB, Perten (PerkinElmer), Agilent Technologies, Yokogawa, Shimadzu, Guided Wave (Advanced Group), Zeutec, and Hitachi.

These companies offer a wide range of NIRS equipment that are used in various industries such as pharmaceuticals, food and beverage, agriculture, and environmental testing. NIRS equipment is utilized for quality control, process monitoring, and research purposes due to its ability to quickly analyze samples without the need for extensive sample preparation.

Thermo Fisher Scientific, for example, offers NIRS instruments that are used for material identification, quantification, and verification in pharmaceutical manufacturing. Bruker's NIRS solutions are widely used in the food and beverage industry for rapid analysis of ingredients and finished products.

These companies play a crucial role in growing the NIRS Equipment Market by continuously innovating their products to meet the evolving needs of customers and expanding their reach globally. They invest heavily in research and development to improve the accuracy, reliability, and ease of use of NIRS equipment, making it more accessible to a wider range of industries.

In terms of sales revenue, Thermo Fisher Scientific reported revenue of $ billion in 2020, while Bruker reported revenue of $2.02 billion. Agilent Technologies reported revenue of $5.85 billion in 2020, showcasing the significant market presence and revenue potential of companies operating in the NIRS Equipment Market.

Thermo Fisher Scientific
Bruker
Unity Scientific
FOSS
Buchi
ABB
Perten(PerkinElmer)
Agilent Technologies
Yokogawa
Shimadzu
Guided Wave(Advanced Group)
Zeutec
Hitachi

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Near-infrared Spectroscopy(NIRS) Equipment Market Analysis, by Type:

FT-NIR Spectroscopy
Dispersive NIR Spectroscopy
Other(AOTF, Filter)

FT-NIR Spectroscopy offers high accuracy and sensitivity due to its advanced Fourier transform technology. Dispersive NIR Spectroscopy provides quick analysis and wide wavelength coverage. Other types such as Acousto-Optic Tunable Filter (AOTF) and filter-based systems offer flexibility and cost-effectiveness. These diverse options cater to different user needs, boosting the demand for Near-infrared Spectroscopy(NIRS) Equipment market. Customers can choose the equipment that best fits their requirements, ensuring high performance and efficiency in various industries such as pharmaceuticals, agriculture, and food processing.

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Near-infrared Spectroscopy(NIRS) Equipment Market Analysis, by Application:

Polymer Industry
Food and Agriculture Industry
Pharmaceutical Industry
Oil and Gas Industry
Other

Near-infrared Spectroscopy (NIRS) equipment is widely used in various industries such as the polymer, food and agriculture, pharmaceutical, oil and gas, and others. In the polymer industry, NIRS is used for polymer identification and quality control. In the food and agriculture industry, it is utilized for analyzing food quality and composition. In the pharmaceutical industry, NIRS is used for drug development and quality control. In the oil and gas industry, NIRS is used for crude oil analysis. The fastest growing application segment in terms of revenue is the pharmaceutical industry, due to increasing demand for quality control and rapid analysis of pharmaceutical products.

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Near-infrared Spectroscopy(NIRS) Equipment Industry Growth Analysis, by Geography:

North America:

United States
Canada

Europe:

Germany
France
U.K.
Italy
Russia

Asia-Pacific:

China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia

Latin America:

Mexico
Brazil
Argentina Korea
Colombia

Middle East & Africa:

Turkey
Saudi
Arabia
UAE
Korea

The Near-infrared Spectroscopy (NIRS) Equipment market is expected to witness significant growth in regions such as North America (United States, Canada), Europe (Germany, France, UK, Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). Among these regions, North America is expected to dominate the market with a market share of around 40%, followed by Europe with a market share of 30%. Asia-Pacific is also anticipated to have a significant market share of 20%.

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Global Near-infrared Spectroscopy(NIRS) Equipment Market Size is expected to experience a CAGR of 11.5% through 2024 - 2031, according to industry projections.