QYResearch: Global Spectrophotometer industry developed fast with a 6%~9% growth rate

QYResearch

QYResearch: Global Spectrophotometer industry developed fast with a 6%~9% growth rate

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QYResearch A spectrophotometer is an instrument that used for the measurement of transmittance or reflectance of solutions, transparent or opaque solids, such as polished glass, or gases.

However they can also be designed to measure the diffusivity on any of the listed light ranges that usually cover around 200 nm - 2500 nm using different controls and calibrations.

A spectrophotometer, in general, consists of two devices; a spectrometer and a photometer. A spectrometer is a device that produces, typically disperses and measures light. A photometer indicates the photoelectric detector that measures the intensity of light.

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QYResearch According to QYResearch, the global Spectrophotometer sales market will grow 5.95 percent to 2076.65 Million USD Revenue in 2017 from 1960.11 M USD Revenue in 2016.The wide application fields and large downstream demand drive the spectrometer industry developing.

In the past few years from 2012-2017, global Spectrophotometer industry developed fast with a 6%~9% growth rate, which is mostly driven by emerging countries, like China, India, Brazil. In terms of manufacturers Agilent, Thermo Fisher, Hitachi captured the top three revenue share spots in the Spectrophotometer market in 2016.

Agilent dominated with 14.36 percent revenue share, followed by Thermo Fisher with 9.44 percent revenue share and Hitachi with 8.94 percent revenue share.

There is also a certain space in the Spectrophotometer product demand market, so in the next years, the spectrometer will continue developing rapidly.

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QYResearch In China, the high-end Spectrophotometer products mainly rely on import from foreign developed countries, like US, Germany, Japan. To meet the large demand for the high-end products, Chinese manufacturers will invest much more on the R&D, which will certainly weaken the dependence of imports.

With the wide application fields, more and more investments will go into Spectrophotometer industry and Spectrophotometer industry has a bright future.

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QYResearch Global Spectrophotometer industry is both concentrated and fragmented because of the diversity of technologies. In the future, since the industry is technology oriented, market position of leading players is likely to be governed by novel product launches.

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