What is Global Near Infrared (NIR) Analyzers Market?
The Global Near Infrared (NIR) Analyzers Market is a fascinating field that has been gaining significant attention in recent years. This market revolves around the use of Near Infrared (NIR) Analyzers, which are devices that utilize near-infrared light to analyze and measure the properties of various substances. These analyzers are incredibly versatile and can be used in a wide range of industries, from pharmaceuticals to food and agriculture. The global market for these analyzers was valued at a substantial US$ 550.9 million in 2022, and it's expected to grow even further, reaching an estimated value of US$ 665.3 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 2.7% during the forecast period from 2023 to 2029.
FT - NIR(Interferometer), Others(AOTF,Filter) in the Global Near Infrared (NIR) Analyzers Market:
The Global Near Infrared (NIR) Analyzers Market is dominated by two main types of analyzers: FT-NIR (Fourier Transform Near Infrared) analyzers and others, which include AOTF (Acousto-Optic Tunable Filter) and filter-based analyzers. FT-NIR analyzers use a technique called Fourier Transform to convert the raw data collected by the analyzer into a spectrum that can be interpreted. This type of analyzer is known for its high speed and accuracy, making it a popular choice in many industries. On the other hand, AOTF and filter-based analyzers use different methods to analyze the data, but they are also highly effective and widely used.
Polymer Industry, Food and Agriculture Industry, Pharmaceutical Industry, Oil and Gas, Others in the Global Near Infrared (NIR) Analyzers Market:
The Global Near Infrared (NIR) Analyzers Market finds its applications in a variety of industries. In the polymer industry, these analyzers are used to measure the properties of different polymers, helping to ensure their quality and consistency. In the food and agriculture industry, NIR analyzers are used to analyze the nutritional content of food and crops, helping to improve food safety and quality. In the pharmaceutical industry, these analyzers are used to ensure the quality and safety of drugs, helping to prevent harmful or ineffective drugs from reaching the market. In the oil and gas industry, NIR analyzers are used to analyze the composition of oil and gas, helping to improve efficiency and safety. Other industries also make use of these analyzers for various purposes.
Global Near Infrared (NIR) Analyzers Market Outlook:
The market outlook for the Global Near Infrared (NIR) Analyzers Market is quite promising. As of 2022, the market was valued at US$ 550.9 million, and it's expected to grow to US$ 665.3 million by 2029. This represents a CAGR of 2.7% during the forecast period from 2023 to 2029. The market is largely dominated by North America, which holds about 54% of the market share. Europe follows closely behind, accounting for about 34% of the market share. The top three companies in this market hold about 41% of the market share, demonstrating the competitive nature of this market.
| Report Metric | Details |
| Report Name | Near Infrared (NIR) Analyzers Market |
| Accounted market size in 2022 | US$ 550.9 million |
| Forecasted market size in 2029 | US$ 665.3 million |
| CAGR | 2.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | 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 |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
