20 February 2020 - The global
X-Ray Photoelectron Spectroscopy Market
is likely to cross USD 712.4 million owing to rise in demand for medical
research, minimal medication error and technological progress. The market is
driven by factors such as rise in government initiatives to create awareness
pertaining to contamination level in drugs & formulations coupled with
R&D analysis is expected propel the market growth. Rise in government
regulations and certifications emphasizing drug safety for various raw
materials and formulation are expected to contribute to the X-Ray photoelectron
spectroscopy industry in the forthcoming period. However, significant costs of
set up for new market entrants are likely to create hindrances in the market
growth in the forecast period up to 2025.
X-Ray photoelectron
spectroscopy also termed as electron spectroscopy for chemical investigation is
widely used to investigate chemical proportion of surfaces. The proliferated
use of XPS in investigative laboratories across the globe acts as a problem
solving capability of the technique. The capacity to discover the initial
atomic layers to assign chemical states to the discovered atoms renders X-Ray
photoelectron spectroscopy to be an optimal addition to any analytical theory.
X-Ray photoelectron
spectroscopy market is segmented by use, application, and geography. Use
segment dominates the market scenario owing to rise in diverse applicability
such as element detection, density estimation, contamination detection and
empirical formulation. Element detection accounts for significant market share
during the forecast period owing to efficiency and accuracy offered.
Contamination detection accounts for second position in the market share due to
certain use of XPS for organic as well as inorganic contaminants. Rise in
demand for systems & technologies to offer accurate results is additionally
likely to contribute to the market growth in the forecast period.
Geographical segmentation for
X-Ray photoelectron spectroscopy industry spans North America, South America,
Europe, Asia-Pacific, Middle East and Africa. North America X-Ray photoelectron
spectroscopy market is expected to dominate the global market scenario owing to
rise in application for XPS for medical research, existing technological
evolution.
Favorable reimbursement is
another factor adding to the X-Ray photoelectron spectroscopy market growth in
the forecast period. Asia-Pacific’s X-Ray photoelectron spectroscopy industry
is likely to contribute to the market growth due to wide presence of
manufacturers and availability of favorable market conditions. The key players
in the X-Ray photoelectron spectroscopy market include Thermo Fisher
Scientific, Kratos Analytical, Evan Analytical Group (EAG), Intertek, V G
Scienta, Yokogawa, Kett and Mitsubishi Electric.
Market Segment:
X-ray Photoelectron Spectroscopy Usage Type Outlook (Revenue, USD
Million, 2012 - 2022)
• Element Detection
• Contamination Detection
• Density Estimation
• Empirical formula Determination
X-ray Photoelectron Spectroscopy Application Type Outlook (Revenue, USD
Million, 2012 - 2022)
• Healthcare
• Semiconductors
• Electronics
• Aerospace
• Automotive
• Others
X-ray Photoelectron Spectroscopy Regional Outlook (Revenue, USD
Million, 2012 - 2022)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Asia Pacific
• Japan
• China
• India
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