Title: X-ray Photoelectron Spectroscopy (XPS) Market size could see USD 775.5 million in revenue by 2023
1X-ray Photoelectron Spectroscopy Industry Analysis
2Table Of Content From Report
- Methodology and Scope
- Executive Summary
- XPS Industry Insights
- XPS Application Insights
- XPS Usage Insights
- XPS Regional Insights
- Competitor Profiles
3 Global Market Scenario of X-ray
Photoelectron Spectroscopy Industry
- X-ray Photoelectron Spectroscopy (XPS) Market
size could see USD 775.5 million in revenue by
2023 as per the latest forecast report by Global
Market Insights, Inc. - Rising demand for obtaining accurate result in
terms of qualitative and quantitative
information, and technology innovation will drive
the global x-ray photoelectron spectroscopy
market size. - Contamination detection applications look the
most attractive in terms of growth opportunities,
with estimate of 6.4 CAGR from 2016 to 2023. - Rising popularity of hyphenated technologies
under which two different techniques are coupled
to uncover results is more accurate in comparison
to individual techniques. For instance, the
combination of thermo gravimetric analyzer with a
spectrometer is the most advanced type of gas
analysis used.
4Continue.....
- Studies conducted by agencies such as Technical
University of Munich (Germany), National
Institute of Standards Technology (NIST), and
ELETTRA (Italy) concluded that XPS is
cost-effective and relatively less complicated
method to analyze materials. Element detection
applications are set to grow at over 6 CAGR,
with revenue targeted at USD 280 million for
2023. - Asia Pacific and Latin America XPS market could
offer industry participants with strong growth
opportunities over the coming decade, driven by
critical unmet requirements, rapidly evolving
healthcare infrastructure and demographics. - Spectroscopy has applications in various
industries such as food, pharmaceuticals,
bio-monitoring, chemicals, and mining. In all
these industries, XPS is involved in the raw
material analysis and finished product quality
control. - High initial cost of set up is likely to work as
a barrier for the entry to new firms. The market
for XPS is expected to be oligopolistic in
nature, where few dominant players are expected
to rule the market with strong price
interdependency.
5X-ray Photoelectron Spectroscopy (XPS) Market
Size, by Application, 2016-2023, (USD Million)
6360 Analysis
- Application Analysis-
- X-ray photoelectron spectroscopy market in
healthcare has major application in printing, and
packaging. XPS analysis is used for healthcare
printing materials to help determine
contamination at various stages during
manufacturing process, at final product testing,
and during storage. - Regional Analysis-
- North America led by the U.S. XPS market size is
forecast to exceed USD 300 million by 2023, still
remaining the largest regional industry. - Asia Pacific, with demand being led by China and
India X-ray photoelectron spectroscopy market
share, is likely to witness over 7.2 revenue
growth through 2023. - Latin America XPS market size is forecast to grow
at over 6.5 CAGR from USD 37.4 million in
revenue in 2015.
7- Competitive Market Share-
- Mergers and acquisitions is the major strategy
adopted by the players in this market, in order
to maintain leadership position. - Global X-ray photoelectron spectroscopy market
share is led by Kratos Analytical, V G Scienta,
Evans Analytical Group, Kett, and Intertek. - Other active players in this market include
ThermoFisher Scientific, Inc. Yokogawa, and
Mitsubishi Electric, among others.
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