Latin America Optical Emission Spectroscopy Market Size & Outlook
The optical emission spectroscopy market in Latin America is expected to reach a projected revenue of US$ 71.5 million by 2030. A compound annual growth rate of 6.8% is expected of Latin America optical emission spectroscopy market from 2024 to 2030.
Revenue, 2023 (US$M)
$45.2
Forecast, 2030 (US$M)
$71.5
CAGR, 2024 - 2030
6.8%
Report Coverage
Latin America
Latin America optical emission spectroscopy market, 2018-2030 (US$M)
Latin America optical emission spectroscopy market highlights
- The Latin America optical emission spectroscopy market generated a revenue of USD 45.2 million in 2023.
- The market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, equipment was the largest revenue generating offering in 2023.
- Equipment is the most lucrative offering segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 45.2 million |
| Market revenue in 2030 | USD 71.5 million |
| Growth rate | 6.8% (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 |
| Key market players worldwide | Anritsu Corp, Spectro Analytical Instruments Inc., Rigaku, Thermo Fisher Scientific Inc, Agilent Technologies Inc, Bruker Corp, Shimadzu Corp, Jeol Ltd, PerkinElmer |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.5% of the global optical emission spectroscopy market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 249.3 million by 2030.
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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 |
|---|
Latin America optical emission spectroscopy market
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