X-Ray Photoelectron Spectroscopy Market size worth over $775mn by 2023

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X-Ray Photoelectron Spectroscopy Market size over
775mn by 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from X-Ray Photoelectron
Spectroscopy Market

• Global X-ray photoelectron spectroscopy market
  size was USD 478.6 million for 2015, with 6.2
  CAGR growth forecast for the period from 2016 to
  2023.
• U.S. X-ray photoelectron spectroscopy market
  share, with 2015 revenue of over USD 170 million,
  will continue to dominate the industry in North
  America.  
• Healthcare applications were estimated at USD
  195.4 million in 2015. Strict regulatory
  guidelines for drug safety research studies to
  minimize errors in medication as well as
  permissible contaminant levels will drive segment
  demand.
• Semiconductor and electronics applications
  accounted for more than 35 global revenue for
  2015, with growth expected to remain strong
  throughout.

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Continued...

• Europe X-ray photoelectron spectroscopy market
  share was more than 27 of global revenue for
  2015, with Germany, France and UK dominating with
  over 64 contribution in the same year.
• The XPS industry in India is relative nascent,
  with low awareness levels across the market
  place, it is likely that revenue will grow to USD
  8.4 million by 2023. Lack of technical expertise
  is anticipated to create a significant gap
  between the demand for XPS devices and the supply
  of skilled professionals. It is a complicated
  process and therefore requires skilled
  technicians to interpret the given result.

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U.S.  X-ray Photoelectron Spectroscopy (XPS)
Market Size, by Application, 2016-2023, (USD
Million)

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360 Analysis

• Application Analysis
• Healthcare is a predominant industry segment,
  generating over 41 X-ray photoelectron
  spectroscopy industry revenue in 2015. This
  dominance can be attributed to the stringent
  regulatory requirements in drug safety research
  studies for minimal medication errors and
  permissible level of contaminants.
• 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.
  Favorable regulatory landscape in this region,
  rapid adoption of technologically advanced
  instrumentation, increasing use of XPS
  spectroscopy for drug safety and medical
  research, as well as growing demand for
  hyphenated technology are key driving factors.
• Competitive Market Share
• 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. Mergers and
  acquisitions is the major strategy adopted by the
  players in this market, in order to maintain
  leadership position.

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