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Global Process Spectroscopy Market Report 2021: Market to Reach $26 Billion by 2027 - Hardware Segment to Account for $17.1 Billion - ResearchAndMarkets.com

August 20, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Aug 20, 2021--

The “Process Spectroscopy - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global Process Spectroscopy Market to Reach $26 Billion by 2027

Amid the COVID-19 crisis, the global market for Process Spectroscopy estimated at US$17 Billion in the year 2020, is projected to reach a revised size of US$26 Billion by 2027, growing at a CAGR of 6.3% over the period 2020-2027.

Hardware, one of the segments analyzed in the report, is projected to record 5.8% CAGR and reach US$17.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 7.3% CAGR for the next 7-year period.

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The U.S. Market is Estimated at $4.6 Billion, While China is Forecast to Grow at 9.6% CAGR

The Process Spectroscopy market in the U.S. is estimated at US$4.6 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$5.5 Billion by the year 2027 trailing a CAGR of 9.5% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 5.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Select Competitors (Total 34 Featured)

  • ABB Group
  • Agilent Technologies
  • BrU.K.er Corporation
  • Buchi Labortechnik AG
  • Danaher Corporation
  • Foss
  • HORIBA Ltd.
  • Kaiser Optical Systems, Inc.
  • Kett Electric Laboratory
  • Sartorius AG
  • Shimadzu Corporation
  • Thermo Fisher Scientific, Inc.
  • Yokogawa Electric Corporation

For more information about this report visit https://www.researchandmarkets.com/r/ckre8o

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SOURCE: Research and Markets

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PUB: 08/20/2021 08:35 AM/DISC: 08/20/2021 08:35 AM

http://www.businesswire.com/news/home/20210820005198/en