Overview:

The global X-ray fluorescence market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. X-ray fluorescence (XRF) is used to determine the composition of various samples through analytical techniques. Wide variety of sample such as solids, liquids, slurries and loose powders are analyzed in order to understand the thickness and composition of layers and coatings with the help of X-ray fluorescence.

Market Dynamics:

Rapid technological advancements in electronic devices and high demand for XRF from pharmaceutical industry are major factors driving growth of the global X-ray fluorescence market. X-ray fluorescence is used to analyze the biological sample at atmospheric pressure. In addition, high government spending on healthcare sector, coupled with increasing use of X-ray fluorescence spectrometers in tablet formulation processes are among the other factors expected to boost growth of the target market.

Major players approach towards increasing the business presence through merger and acquisition in order to enhance the product portfolio and increase the customer base are other key factors expected to augment growth of the global market.

Key Trends:

Growing focus on product development activities and introduction of innovative products among major players are key trends observed in the global X-ray fluorescence market. In July 2019, Shimadzu Corporation a global manufacturer of precision instruments, measuring instruments and medical equipment has launched EDX-8100P Energy Dispersive X-ray Fluorescence Spectrometer in the Europe market. The product is BfS certified and has the ability to analyze light elements in liquid samples with high sensitivity.

Regional Analysis:

For detailed understanding of market dynamics, the global X-ray fluorescence market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is accounted for the major revenue share in 2019, owing to rapid industrialization in developing countries such as India. In addition, strong presence of leading pharmaceutical companies and rising investment in the pharmaceutical sector are other factors expected to propel growth of the target market in the region.

The target market in North America and Europe is expected to witness significant growth in the near future. This is owing to rising product launches by key players and growing demand for XRF from construction sector in countries in the region.

Scope of the Report:

Detailed Segmentation:

Global X-ray Fluorescence Market, By Sensor Type:

• Outage Detection Sensors
• Voltage/ Temperature Sensors
• Dynamic Line Rating Sensors
• Transformer Monitoring Sensors
• Others

Global X-ray Fluorescence Market, By Component:

• Networking Hardware
• AMI Meter
• Programmable Logic Controller (PLC)

Global X-ray Fluorescence Market, By Service:

• Deployment & Integration
• Consulting
• Support & Maintenance

Global X-ray Fluorescence Market, By Application:

• Supervisory Control and Data Acquisition (SCADA)
• Smart Energy Meter
• Advanced Metering Infrastructure (AMI)

Key Players Covered:

Key players operating in the global X-ray fluorescence market includes Helmut Fischer GmbH, Horiba Ltd., SPECTRO Analytical Instruments GmbH, Rigaku Corporation, Bruker, Thermo Fisher Scientific, Analytical X-Ray Systems Co. Ltd., and FAST ComTec.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global X-ray Fluorescence Market by sensor type, component, service, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global X-ray fluorescence market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.