Portable Analytical Instruments Market to Reach USD 9.55 Billion by 2020, States M&M in Its Report Available at MarketPublishers.com
03 May 2016 • by Natalie Aster
LONDON – Rising environmental and food concerns, rising healthcare expenditures and high availability of easy-to-operate and low-cost portable analytical instruments are amid major drivers of the worldwide portable analytical instruments market. The worldwide portable analytical instruments market was evaluated at USD 8.1 billion in 2015. This market is expected to amount to USD 9.55 billion by 2020, registering a 3.3% CAGR between 2016 and 2020.
As of 2015, the pH meters sector commanded the largest share of the total market owing to its wide usage in a range of applications including food and beverage, pulp and paper, water testing and petrochemical industries. In the meantime, the spectroscopic analysis technology sector is likely to demonstrate the highest growth rates in the years to come.
North America dominated the global portable analytical instruments market in 2015. The region’s share in the total market is increased by the presence of top market players. The demand for portable analytical instruments is spurred by constantly enhancing concerns regarding environment, drug and food safety.
Cutting-edge research publication “Portable Analytical Instruments Market” prepared by MarketsandMarkets (M&M) includes vital information on emerging trends, new product launches and R&D activities in the portable analytical instruments market. It provides an in-depth overview of the market shares, explores key growth strategies, reviews products and distribution networks and discusses manufacturing capabilities. The review of the leading market players and their SWOT analyses are included in this research report. Thermo Fisher Scientific, B&W Tek, Danaher Corporation, Bruker Corporation, Shimadzu Corporation, Agilent Technologies, Teledyne Technologies, Spectris, Jasco and HORIBA are amid those companies that are profiled here. Recent developments and investments projects in the portable analytical instruments market are also highlighted in this comprehensive report. Moreover, the research report offers a granular analysis of the market performance (historical and present) and also gives future forecasts up to 2020.
More research studies by our publisher are available at M&M page.