Global Optical Emission Spectroscopy Market Size & Outlook
The optical emission spectroscopy industry worldwide is expected to reach a projected revenue of US$ 1,072.1 million by 2030. A compound annual growth rate of 6.3% is expected of the worldwide optical emission spectroscopy industry from 2024 to 2030.
Revenue, 2023 (US$M)
$699.5
Forecast, 2030 (US$M)
$1,072.1
CAGR, 2024 - 2030
6.3%
Report Coverage
Worldwide
Global optical emission spectroscopy market, 2018-2030 (US$M)
Global optical emission spectroscopy market highlights
- The global optical emission spectroscopy market generated a revenue of USD 699.5 million in 2023 and is expected to reach USD 1,072.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.3% by 2030.
- In terms of segment, equipment accounted for a revenue of USD 699.5 million in 2023.
- Equipment is the most lucrative offering segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 699.5 million |
| Market revenue in 2030 | USD 1,072.1 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Equipment |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment |
Other key industry trends
- In terms of revenue, the North America accounted for 42.7% of the global optical emission spectroscopy market in 2023.
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Optical Emission Spectroscopy Market Scope
Optical emission spectroscopy market segmentation & scope
Form Factor
Benchtop
Portable
Product
Arc/Spark OES
ICP-OES (Inductively Coupled Plasma)
Detector
Photomultiplier Tube (PMT)
Solid State Detector (SSD)
Hybrid
Application
Chemical Composition Analysis
Material Testing and Quality Control
Environmental Testing
Research and Development
End Use
Metallurgy and Foundries
Mining and Exploration
Automotive
Aerospace and Defense
Oil and Gas
Food and Beverages
Metals and Heavy Machinery
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Japan
China
India
Australia
South Korea
Thailand
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Kuwait
Optical Emission Spectroscopy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global optical emission spectroscopy market size, by regions, 2018-2030 (US$M)
Related industry reports
Related regional statistics
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