Middle East & Africa Process Spectroscopy Market Size & Outlook
Middle East & Africa process spectroscopy market, 2017-2030 (US$M)
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MEA process spectroscopy market highlights
- The MEA process spectroscopy market generated a revenue of USD 976.6 million in 2022.
- The market is expected to grow at a CAGR of 10.3% from 2023 to 2030.
- In terms of segment, molecular was the largest revenue generating technology in 2022.
- Mass is the most lucrative technology segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2022 | USD 976.6 million |
| Market revenue in 2030 | USD 2,137.4 million |
| Growth rate | 10.3% (CAGR from 2022 to 2030) |
| Largest segment | Molecular |
| Fastest growing segment | Mass |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Molecular, Mass, Atomic |
| Key market players worldwide | ABB Ltd, Agilent Technologies Inc, Bruker Corp, BUCHI Corporation, Danaher Corp, Horiba Ltd, Sartorius AG, Shimadzu Corp, Thermo Fisher Scientific Inc, Yokogawa Electric Corp., FOSS Analytical, Endress+Hauser Group |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.2% of the global process spectroscopy market in 2022.
- 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 7,399.1 million by 2030.
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Process Spectroscopy Market Scope
Process Spectroscopy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa process spectroscopy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to process spectroscopy market will help companies and investors design strategic landscapes.
Molecular was the largest segment with a revenue share of 42.86% in 2022. Horizon Databook has segmented the Middle East & Africa process spectroscopy market based on molecular, mass, atomic covering the revenue growth of each sub-segment from 2017 to 2030.
The process spectroscopy helps the regional oil & gas industry exploit the profitability opportunity of a more comprehensive array of different crudes.
It offers real-time property data for hydrocarbon and enables us to recognize the prospective value contained in each given crude oil stream. It is hence propelling the market in the region.
For instance, Africa Soil Information Service (AfSIS) is using infrared spectroscopy (IR) to analyze gathered soil samples at the sentinel sites. The technology helps in the non-destructive and rapid characterization of various materials based on the interaction of electromagnetic energy with matter.
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Target buyers of Middle East & Africa process spectroscopy market databook
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Our clientele includes a mix of process spectroscopy market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa process spectroscopy market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa process spectroscopy market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa process spectroscopy market
Middle East & Africa Process Spectroscopy Market Outlook Share, 2022 & 2030 (US$M)
Middle East & Africa process spectroscopy market
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