Global portable analytical instruments market is projected to reach USD 9.55 billion by 2020 from USD 8.10 billion in 2015, at a CAGR of 3.3% between 2015 and 2020.Growing food and environmental concerns; availability of low-cost and easy-to-operate portable analytical instruments; and increasing healthcare expenditure are key factors driving market growth for portable analytical instruments.
Complete report on Portable Analytical Instruments Market spread across 179 Pages, Profiling 10 Companies and Supported with 79 Tables and 85 Figures is now available at http://www.reportsnreports.com/reports/530933-portable-analytical-instruments-market-by-product-ph-meters-conductivity-and-resistivity-meters-toc-analyzers-technology-xrf-ftir-libs-nir-elemental-analysis-end-users-food-and-beverage-industry-geography-global-forecast-to-2020.html .
Geographic segments included in this report are North America, Europe, Asia-Pacific, & Rest of the World (RoW). North America is further segmented into U.S. and Canada. North America is expected to account for largest share in global portable analytical instruments market in 2015; the presence of major key players in this region increases its share in global market. In Asia-Pacific, rising food, environment, and drug safety concerns lead to an increase in the demand for portable analytical instruments, which in turn will compel key players to expand their geographical presence in this region. This is a key factor fueling the growth of the Asia-Pacific portable analytical instruments market.
Primary interviews with key opinion leaders were also used to determine percentage shares of each sub segment & relative differences in growth rates. Report provides qualitative insights about growth rates, and market drivers for all sub segments. It maps market sizes and growth rates for each sub segment and identifies segments poised for rapid growth in each geographic segment.
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A combination of bottom-up and top-down approaches was used to calculate market sizes and growth rates of global portable analytical instruments market and its sub segments. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get final quantitative and qualitative data.
Report includes company profiles of market leaders including Thermo Fisher Scientific, Inc. (U.S.), B&W Tek (U.S.), Danaher Corporation (U.S.), Bruker Corporation (U.S.), and Shimadzu Corporation (Japan).Other players in this market are Agilent Technologies (U.S.), Teledyne Technologies, Inc. (U.S.), Spectris plc (U.K.), Jasco Inc. (U.S.), and HORIBA Ltd. (Japan).
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The pH meters segment is estimated to hold the largest share of the portable analytical instruments market in 2015 owing to its wide use in many applications in chemical, pharmaceutical & biotechnology companies, food & beverage industry, water testing, petrochemical industry, and pulp & paper industry.
Spectroscopic analysis technology segment is expected to grow at the highest rate; this technique can commonly be employed for various applications that require high precision and accuracy, such as food and beverage testing, drug testing, environmental testing, and academics & research, thus driving its market growth
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