Ultraviolet Visible Spectroscopy Market

The report "Ultraviolet Visible Spectroscopy Market by Offering (Instrument (Array, Single & Dual Beam), Software), Application (Environment. Air, Water, Soil), End User (Industry (F&B, Pharma, Biotech, Cosmetics. Chemicals), Labs) - Global Forecast to 2029", is projected to reach USD 1.7 billion by 2029 from USD 1.3 billion in 2024, at a CAGR of 4.9% during the forecast period. The growth of the UV/Visible spectroscopy market is not only attributed to rising concerns for meeting environmental regulations in terms of wastewater treatment and quality control in industrial settings; the growth for this market is also getting support from factors like efficient sales and service support for UV/Visible spectroscopy solutions, addressing the need for automation in large facilities with auto-samplers, and the availability of aftermarket services provided by players that acquire a major chunk of the market.

Browse 223 market data Tables and 61 Figures spread through 252 Pages and in-depth TOC on "Ultraviolet Visible Spectroscopy Market by Offering (Instrument (Array, Single & Dual Beam), Software), Application (Environment. Air, Water, Soil), End User (Industry (F&B, Pharma, Biotech, Cosmetics. Chemicals), Labs) - Global Forecast to 2029"
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Dual–beam systems in UV/Visible spectroscopy holds the largest share by type in the UV/Visible spectroscopy market.

Dual-beam UV/Visible spectrophotometers are among the first choices for routine spectroscopy operations in academic and research institutes due to their cost-effective price point along with lower-level of error rates when compared to single-beam UV/Visible spectrophotometers. These systems do get demands from the industrial segment too due to the lower probability of stray light interference over a longer period. These factors make a dual-beam UV/Visible spectrophotometer more adaptable, which helps it to get the largest share in the market.

Industrial applications hold the highest share in the UV/Visible spectroscopy market in terms of applications.

UV/visible spectroscopy when compared to other analytical techniques is a more affordable. Investments in economical, effective production monitoring and quality control systems are increasingly common in certain industries. Acceptable quantification for process parameters are produced by UV/visible spectrophotometers in industries that serve a range of commercial enterprises. These elements contribute to the popularity of UV/visible spectroscopy methods in industrial applications.

Industries as end­–users segment to show a significant growth rate over the forecast period of 2024-2029.

The UV/visible spectroscopy market is gaining demand from end-user segment. The industrial segment dominates the demand for UV/visible spectroscopy. Pharmaceutical firms have a huge demand for tools that offer quantitative measures to provide adequate monitoring of the bio-therapeutics with acceptable operating time. Analytical devices like UV/visible spectroscopy can meet these requirements. Such factors make industries as largest shareholder in end-users for UV/Visible spectroscopy market.

North America holds a major share of the UV/Visible spectroscopy market during the forecast period.

In North America, growth for the UV/visible spectroscopy market is expected to be driven by various microeconomic factors. One such factor that is driving the growth of the market is the need to meet regulatory compliance in the region for wastewater management. As most of the key manufacturers for UV/visible spectroscopy solutions are from the same region, they do provide value-added services that include hands-on customer training and preventive maintenance services. Such factors contribute to the growth of the UV/visible spectroscopy market in North America.

Key Players

The prominent players in the global healthcare UV/Visible spectroscopy market include Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), PerkinElmer (US), Thermo Fisher Scientific (US), Veralto Corporation (US), Jasco (Japan), Mettler Toledo (US), Horiba Ltd (Japan) Hitachi High–Tech Corporation (Japan), Oxford Instruments plc (UK), Bruker Corporation (US), Hamamatsu Photonics K.K. (Japan), Harvard Bioscience, Inc. (US) and  Xylem, Inc (US).

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