Process Spectroscopy Market size worth $1.47 billion by 2024: Global Market Insights Inc.

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Process Spectroscopy Market size worth 1.47
billion by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Process Spectroscopy Market

• FT-IR (fourier transform infrared) technology
  segment was valued at more than USD 170 million
  in 2015. Rising prominence of this technology in
  numerous industries for assessment and
  identification of various chemicals compounds
  and materials such as residues, particulates and
  pesticides is expected to propel industry demand
  through 2024.
• Polymer sector accounted for over 16 of the
  process spectroscopy market share in 2015 and
  estimated to grow at 6.2 CAGR from 2016 to 2024.
  High product volumes, customization as well as
  strict quality requirement will positively imapct
  polymer application revenue through 2024.
• Strict quality norms in healthcare, food
  agriculture, and pharmaceuticals sector may
  positively impact revenue in the North American
  industry.

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Continued...

• Asia Pacific process spectroscopy market size is
  expected to grow at 8 CAGR from 2016 to 2024.
  Industry participants are increasingly relocating
  RD and manufacturing facilities owing to
  presence of cheap labor and resource cost may
  catapult regional growth.
• Key competitors include Bruker, ABB, Buchi
  Labortechnik, Danaher, Foss A/S, Horiba and
  Agilent Technologies. Other prominent industry
  participants are Eureka Forbes, Panasonic, Haier,
  iRobot, LG, Bissell, Royal Philips Electronics
  and Samsung.

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Europe Process Spectroscopy Market size, by
technology, 2013-2024 (USD Million)

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360 Analysis

• Technology Analysis
• NIR technology segment accounted for over 60 of
  the overall process spectroscopy market share in
  2015 and is likely to grow at over 6 CAGR from
  2016 to 2024. Growth in the sector can be
  attributed to rising application in numerous
  sectors such as quality monitoring, food
  industry, biogas plants, plastics identification
  in chemical industry and controlling paper
  production.
• Regional Analysis
• Presence of key industry participants and
  stringent quality standards in pharmaceuticals,
  healthcare, and food agriculture sector is
  expected to fuel U.S. process spectroscopy market
  size.
• Asia Pacific revenue share will grow at 8 CAGR
  from 2016 to 2024. Industry participants are
  increasingly relocating research and development
  along with manufacturing activities owing to
  presence of cheap labor and resources to reduce
  cost. This is expected to primarily contribute to
  regional growth.
• Competitive Market Share
• Key players contributing to process spectroscopy
  market share include ABB, Agilent Technologies,
  Bruker, Buchi Labortechnik, Danaher, Foss A/S,
  and Horiba. Other prominent industry participants
  are Kett Electric Laboratory, Sartorius,
  Shimadzu, Thermo Fisher Scientific, and Yokogawa
  Electric.

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