What is the Current Trend of Near-infrared Spectroscopy (Near Infrared (NIR) Analyzers) Market? Expected Hit CAGR of 2.77%

Vijay January 7, 2023

9 minutes read

The global Near-infrared Spectroscopy (Near Infrared (NIR) Analyzers) market was valued at 44.34 Million USD in 2021 and is projected to increase at a CAGR of 2.77% from 2021 to 2027.

Final Report will add the analysis of the impact of COVID-19 on this industry.

Global “Near-infrared Spectroscopy (Near Infrared (NIR) Analyzers) Market“ report offers insights into the latest growth and trends. It summarizes key aspects of the market, with focus on leading key player’s areas that have witnessed the highest demand, leading regions and applications. It also offers qualitative as well as quantitative information regarding the factors, challenges, and opportunities that will define the growth of the market over 2022-2026, The Report Contain Many Pages With Detailed Analysis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

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Near-infrared (NIR) Analyzer is a widely used analysis technique for identifcation of raw materials and quantifcation of substances in research and industrial applications. Near Infrared (NIR) Analyzer is spectroscopic equipment using the near-infrared region of the electromagnetic spectrum (from about 700 nm to 2500 nm, and typical applications include medical and physiological diagnostics and research including blood sugar, pulse oximetry, functional neuroimaging, sports medicine, elite sports training, ergonomics, rehabilitation, neonatal research, brain computer interface, urology (bladder contraction), and neurology (neurovascular coupling). There are also applications in other areas as well such as pharmaceutical, food and agrochemical quality control, atmospheric chemistry, and combustion research. Near Infrared (NIR) Analyzers is a technology-intensive industry. There are less than twenty manufacturers in this industry. The sales revenue share of Thermo Fisher is about 17.17% in 2016, which is the No.1 of the global near-infrared spectroscopy industry. The other competitors include Foss A/S (13.73%), Bruker (10.45%), PerkinElmer (9.18%), Buchi Labortechnik, Unity Scientific (KPM Analytics), Shimadzu, Jasco, Agilent Technologies, Yokogawa Electric, Sartorius, and ZEUTEC etc. The competition status wouldn`t be change in the short term. The growth of near-infrared spectroscopy industry depends on the acceptance of enterprise. The global Near Infrared (NIR) Analyzers industry has reached a sales volume of approximately 5638 Unit in 2016. The global near-infrared analyzers industry has reached the value of approximately 438 million USD in 2016. The growth of the near-infrared analyzers technology market is also driven by factors, such as an increasing adoption in Food and agriculture industry and Pharmaceutical industry. However, factors such as high investment and installation cost are hindering the growth of this market. In the coming years, near-infrared analyzers market is expected to witness the highest growth rate in the Asia-Pacific region. Companies must be aware of their competitive surroundings within their market. Being aware of competitor`s strategy can prevent a lag in reaction to a change within this market. This especially true in the near-infrared analyzers Industry because of its high growth in the Asian Market. It is important for European and North American manufactures to monitor the Asian Market closely and follow any new technologies they may develop or else they may find themselves not able to produce at the speed and with the quality needed. Although near-infrared analyzers brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.

Global Near-infrared Spectroscopy (Near Infrared (NIR) Analyzers) Market: Drivers and Restrains

Near-infrared Spectroscopy (Near Infrared (NIR) Analyzers) market is split by Type and by Application. For the period 2022-2026, the growth among segments provides accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Top Listed Manufacturers in the Near-infrared Spectroscopy (Near Infrared (NIR) Analyzers) Market Report are:

Thermo Fisher
Foss A/S
Bruker
PerkinElmer
Buchi Labortechnik
Unity Scientific (KPM Analytics)
ABB
Agilent Technologies
Shimadzu
Guided Wave (Advanced Group)
Jasco
ZEUTEC
Sartorius
Yokogawa Electric

By the Type:

FT – NIR(Interferometer)

By the Application, this report covers the following segments

Polymer Industry
Food and Agriculture Industry
Pharmaceutical Industry
Oil and Gas

Market segment by Region, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Key Indicators Analysed

Market Players and Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

About Us: Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Market Reports World is the credible source for gaining the market reports that will provide you with the lead your business needs.

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