Optical Emission Spectroscopy Market Size

Optical Emission Spectroscopy Market Overview

The optical emission spectroscopy market share is set to increase during the ongoing forecast period of 2024-2032. Owing to the market trends, the market closed its operations at USD 514.1 million during the historical period in 2017. During the current period, 2024-2032, the global optical emission spectroscopy market size is likely to expand at a 6.53% CAGR, which will help the market reach a final market valuation worth USD 741.5 million by the end of the period.

COVID 19 Analysis

The outbreak of the COVID-19 pandemic was a tough and challenging time for most of the production and manufacturing units belonging to various businesses, companies, and various physical and virtual entities. In addition, the global market's supply and demand chain mechanism was also challenged and hampered due to the lockdown, and strict restrictions have been imposed to curb the spread of the pandemic outbreak. However, the global governments and key market players are intervening by enhancing the availability of investment and funding by increasing their contribution in the form of innovative skills and competitive research followed by taking processes like simplifying the rules and regulations in favor of the growth of the global optical emission spectroscopy market services and operations based on the predictions during the forecast period that ends in 2023.

Optical Emission Spectroscopy Market Dynamics

Market Drivers

PDA-8000, a new Optical Emission Spectrometer, was recently launched by Shimadzu. It consists of discharge energy stabilized excitation unit and a high-resolution monochromator that renders helps in paying use to the high sensitivity quantitative analysis of various solid metals such as copper, iron, steel, and many others. Furthermore, the installed software helps to enhance maintenance followed by rendering support, functionality, and instrument monitoring, thereby achieving excellent operability. Moreover, it is also acting as an energy-saving model that helps reduce energy consumption, thus boosting the optical emission spectroscopy market growth, as projected by the business chiefs during the ongoing forecast period in 2027.

Market Restraints

However, the optical emission spectroscopy market trends suggest that the global market is witnessing the rise of factors that might hamper the growth speculations for the period ending in 2027. The lack of funding followed by the research and development activities will hamper the business chiefs' global optical emission spectroscopy market growth.

Technology Analysis

As part of the optical emission spectroscopy market operations, the lab operations can be improved by utilizing advanced laboratory equipment as it is crucial for laboratories. Furthermore, precise diagnosis of the ailment and its cause are facilitated by using the market equipment in the laboratories. Moreover, the research and development funding and projects funded by governments, research centers, private organizations, and others are likely to boost the demand for efficient laboratory equipment, which has further led to the surge in the usage of optical emission spectroscopy in the pharmaceutical industry.

Study objectives

• The optical emission spectroscopy market report helps the investors, manufacturers, and other interested parties to get valuable market insights and have an idea about the predictions laid down by the market leaders and industry experts related to the predicted CAGR of the optical emission spectroscopy market and the expected market revenue by the end of the forecast period of 2018-2023.


• The curated market report helps to understand better the degree of revenue potential possessed by the various market segments that are functional in various global regions and are helping the optical emission spectroscopy market grow and enhance to reach the expected market valuation during the forecast period ends in 2023.


• The global optical emission spectroscopy market report helps to study and analyze the growth strategies undertaken by the prominent market players on a global level in the form of the recent developments that also predict the degree of competitiveness that prevails in the optical emission spectroscopy market and players during the period that ends in 2023.

Market Segmentation

The optical emission spectroscopy market has been divided all across the globe based on the needs of the global target audience and hence, help in the expansion of the global market, especially during the forecast period ending in 2023.

By Offering Outlook

• Equipment


• Services

By Form Factor Outlook

• Benchtop


• Portable

By Excitation Source Type Outlook

• Arc/Spark Optical Emission Spectroscopy


• Inductively Coupled Plasma Optical Emission Spectroscopy

By Detector Type Outlook

• Photomultiplier Tube (PMT)


• Solid-State Detector (SSD)


• Hybrid

By Vertical Outlook

• Oil & Gas


• Metals and Heavy Machinery


• Automotive


• Scrap and Recycling


• Aerospace & Defense


• Chemicals


• Infrastructure


• Pharmaceuticals and Life Sciences


• Power Generation


• Food & Beverages


• Environmental

Geography Outlook

• North America


• Europe


• APAC


• RoW

Regional Analysis

The optical emission spectroscopy market has been divided all across the globe based on the region, as well. The APAC region had expected to hold the largest share of the global optical emission spectroscopy (OES) market in 2018. Continuous advancements in the APAC region, in terms of economic growth, infrastructural developments, and the automotive industry, are likely to boost the requirement of OES equipment in this region. The APAC region is emerging as a significant market for various verticals such as consumer electronics, automobiles, and defense. This prominent global region has become a focal point for significant investments and business expansion opportunities. Strong demand from food & beverages, followed by the rising demand from other ends like the environmental, automotive, and aerospace & defense verticals, are expected to contribute to the growth of the OES market in North America. The Optical Spectroscopy market in the Rest of the World is expected to grow at the second-highest CAGR during the forecast period. The roW has a strong base of industrial and process-based sectors, such as oil & gas, scrap and recycling, and many others like chemicals. Despite the lack of domestic manufacturers, as well as high economic and political barriers, in the countries like India, China, and Japan, in this region, the OES market is likely to witness growing demand from this region during the forecast period ending in 2032.

Competitive Landscape

The most prominent major key players in the optical emission spectroscopy market all across the globe are mentioned below:

• Thermo Fisher Scientific (US)


• Element Materials Technology (UK)


• Ametek (US)


• TÜV SÜD (Germany)


• Bruker (US)


• Intertek (UK)


• Hitachi High Technologies Corporation (Japan)


• Bureau Veritas (Japan)


• Shimadzu (Japan)


• SGS (Switzerland)


• Skyray Instrument (US)


• Agilent Technologies (US)


• Horiba (Japan)


• Analytik Jena (Germany)


• PerkinElmer (US)

These major market players use various strategies to sustain their market position in the optical emission spectroscopy market in the global market premises by going for mergers, and acquisitions, by collaborating, establishing a partnership, and the birth of other factors like developing a new production process, setting up a new joint venture, developing a new product line, innovation in the existing product, and many others to expand their customer base in the untapped market of the optical spectroscopy all across the globe during the continuous period.

Optical Emission Spectroscopy Market Recent Developments

• The major trends and drivers which lead to the optical emission spectroscopy market growth are the rise in the stringent quality control requirements and safety regulations, followed by other factors like the high technological enhancements and increase in functionalities technological products.


• Because of the well-funded research and developments, the market innovations are likely to impact the market positively.


• There has been a considerable rise in demand for multi-element analysis, and increasing government funding and research activities are expected to boost the optical emission spectroscopy market growth during the continuous period ending in 2023.

Optical Emission Spectroscopy Market Report Overview

This global optical spectroscopy research report has been studied on various elements and consists of the following elements mentioned below:

• Market Overview


• COVID 19 Analysis


• Market Dynamics


• Technical Analysis


• Market Segmentation


• Regional Analysis


• Competitive Landscape


• Recent Developments

The global optical emission spectroscopy market research report contains factors that drive the growth of the optical spectroscopy market in the global market, along with the factors that restrict its growth in the global market. The report discusses the advent of technology, analysis is done during the forecasted period and is mentioned. The impact of the COVID 19 outbreak on the optical spectroscopy market all across the globe is also mentioned. The future growth rate in the optical emission spectroscopy market is also discussed and mentioned during the forecasted period.

Intended Audience

The intended audience for the optical emission spectroscopy market report is as follows:

• Raw material and component providers


• OES systems rental providers


• Research organizations


• Original equipment manufacturers (OEMs)


• Technology standards organizations, forums, alliances, and associations


• Technology investors


• Third-party testing, inspection, and certification (TIC) providers; and in-house quality control departments of various industries


• Analysts and strategic business planners


• Government bodies, venture capitalists, and private equity firms


• End users who want to know more about OES and the latest trends in the OES market