Farmington, April 20, 2023 (GLOBE NEWSWIRE) -- The Global XRF Analyzers Market which was USD 1.47 billion in 2022, would rocket up to USD 2.55 billion by 2030, and is expected to undergo a CAGR of 5.25% during the forecast period 2022 to 2030. Increasing demand for XRF analyzers in scientific research, education, and industrial applications is responsible for the market's expansion. In addition, the rising awareness of health and safety is driving the demand for XRF analyzers in a variety of industries. The Asia-Pacific region is anticipated to be the fastest-growing region during the forecast period, due to rising investments in R&D activities in numerous countries within the region.
The X-ray Fluorescence (XRF) Market Research study emphasizes on microeconomic variables such as Supply and Demand. It determines product/service prices and volume, as well as the company's profitability. Supply and Demand enables one to comprehend the effects of external factors on product prices and volume.
Request Sample Copy of Report“The global XRF Analyzers market Size, Share & Trends Estimation Report By Type Outlook (Portable/ Handheld, Benchtop), By Product Outlook (Energy Dispersive XRF, Wavelength Dispersive XRF), By Application Outlook (Metal and Mining Industries, Pharmaceutical, Oil and Gas, Environmental Research, Art and Archeology), Region and Forecasts, 2022 - 2030”, published by Contrive Datum Insights.
Segmentation Overview:
Type Outlook:
Portable / Handheld
A portable XRF detector is also known as a portable XRF rifle. The portability of handheld XRF analyzers eliminates the need to transport samples back to the lab.
Benchtop
Benchtop XRF analyzer is also known as a workstation XRF analyzer. They can perform everything from simple element identification and qualification to more complex analyses.
Product Outlook
Energy Dispersive XRF
Energy dispersive X-ray fluorescence spectrometers for elemental measurement range from carbon (C) to americium (Am), and concentration range from sub-ppm to 100 weight percent.
Wavelength Dispersive XRF
Wavelength Dispersive X-ray Fluorescence (WDXRF) is one of the two primary categories of X-ray Fluorescence-based instruments used for elemental research.
Application Outlook
Metal and Mining Industries
XRF technology is applicable to all phases of the mining process. In the past decade, handheld XRF analyzers, which geologists refer to as "XRF guns," have made a significant impact on how resource companies evaluate, explore, and obtain value from mining ventures.
Pharmaceutical
X-ray fluorescence spectrometry is a nondestructive technique of chemical analysis.
Oil and Gas
X-ray fluorescence (XRF) is a potent analytical technique utilized by numerous businesses to determine what elements are present in various materials.
Environmental Research
X-ray fluorescence spectrometry (XRF) is a well-established analytical atomic technique for qualitative and quantitative chemical analysis of environmental samples with various matrices and a broad spectrum of elements.
Art and Archeology
X-ray fluorescence (XRF) is a scientific technique used by archaeologists to examine the artifacts they discover.
Regional Analysis:
In the coming years, the North American market for X-ray fluorescence is likely to expand as infrastructure spending increases and more X-ray fluorescence devices are used to inspect the quality of cement. The X-ray fluorescence (XRF) market in North America is anticipated to expand as the United States uses more cement and invests more in construction projects.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 5.25% from 2023 to 2030. |
| Revenue Forecast by 2030 | USD 2.55 billion |
| By Type |
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| By Product |
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| By Application |
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| By Companies |
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| Regions and Countries Covered |
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| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Market Dynamics:
Drivers: Technological Advances
There are numerous rules governing the use of X-ray fluorescence spectrometers in various disciplines, and new technology is improving their application in health care.
Increased demand for X-ray fluorescence spectrometers.
Demand for X-ray fluorescence spectrometers is driven by factors such as the increase in global disease prevalence and the need for more precise quality testing.
Restraints/Challenges: X-ray fluorescence spectrometers are difficult to install and expensive, so they do not have a large market share. Over the next few years, these issues will continue to impede market expansion.
Opportunities: The use of X-ray fluorescence (XRF) spectrometers is increasing, and this trend is likely to continue. Since X-ray fluorescence (XRF) science and standards are improving, it is conceivable that XRF demand will increase significantly and become a significant market force.
Key Segments Covered:
Top Market Players:
- Thermo Fisher Scientific
- Oxford Instruments
- Olympus
- HORIBA
- Hitachi
- SPECTRO
- Skyray Instrument
By Type
- Portable/ Handheld
- Benchtop
By Product
- Energy Dispersive XRF
- Wavelength Dispersive XRF
By Application
- Metal and Mining Industries
- Pharmaceutical
- Oil and Gas
- Environmental Research
- Art and Archeology
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific:(Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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