(I-BusinessNews.Com, July 30, 2021 ) Global Photometer and Calorimeter Market is forecast to reach $904.4 million by 2026, growing at a CAGR of 15.4% during the forecast period from 2021 to 2026. Photometer can be referred as a device which measures light intensity or electromagnetic radiation along with optical properties of varied surfaces, whereas calorimeter are those apparatus used to measure liberating heat or getting absorbed during chemical or physical changes process. Since these types of devices are highly important across applications including research, processing or analysis fields and so on, there exists a market growth. Growing demand towards measuring laboratory and analytical tools within end use verticals such as automotive, biomedical, waste water treatment with others serves as a major factor boosting the market growth of photometers and calorimeters. Increasing adoption from waste water treatment plants as well as need for analytical instruments in varied medical treatment procedures has been also aiding the demand towards photometers and calorimeters.
Photometer and Calorimeter Market Segment Analysis Ã‚Â– By Photometer Type
Based on type, Photometer market has been segmented under Microscope, Multiwave (Fiber Optic, Ultraviolet, Infrared), Portable, Microplate, Flame and Others. Flame Photometers are anticipated to witness a significant growth of 16.2% through 2026 in the photometer and calorimeter market over the forecast period 2021-2026. Flame photometers are those devices used for detecting metal salt ions as well as determine concentrations within different substances accurately. Owing to its features including convenient, selective and sensitive analysis along side estimating rarely analyzed elements precisely can act a major factor driving its growth across application areas including pharmaceuticals, food & beverage, chemicals and so on. Usage of flame photometry has been gaining popularity due to providing faster sensitive analysis, eliminating interference as well as suitability for determining very low concentrations of metals within the samples. Stringent regulations to maintain product quality across pharma and food sector to determine sodium, potassium and others limit, creates the need for quality control monitoring for pharmaceutical reagents, fruit juices, milk powder and so on, thus positively impacting the growth of flame photometers. A leading manufacturer of flame photometric equipment, BWB Technologies offers 5-channel flame photometer, BWB XP, capable of providing unsurpassed levels of accuracy, reliability and usability alongside minimizing analysis time. This photometer also has an exceptionally low carbon footprint, thereby creating its high demands within some major end use markets.
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Photometer and Calorimeter Market Segment Analysis Ã‚Â– By Calorimeter Type
Based on type, Calorimeter market has been segmented under Bomb, Micro, Accelerated rate, Differential scanning, Coffee cup, Reaction and Others. Bomb calorimeter is analyzed to witness a significant growth of 17.2% CAGR in the global calorimeter market over the forecast period. Bomb calorimeters are those calorimeters used for measuring heat flow for solids with low to high temperature reactions. As compared to other available calorimeters in the market, these types of calorimeters include a bomb vessel, capable of getting reused with a simple cooling cycle. This factor eventually had been boosting its market growth across different industry verticals. Moreover, these bomb calorimeters are extremely fast and require easy setup, thus gaining it wide popularity. Capable offers more accurate results while minimizing human made errors, these calorimeters helps in providing energy content of the burning substance, eliminating the need for calculation by the end users. Such factors are further set to create significant market growth of bomb calorimeters, owing to its application areas including fuel testing, propellants and explosives testing, metabolic studies with many others in the near future.
Photometer and Calorimeter Market Segment Analysis Ã‚Â– By Geography
Asia-Pacific is analyzed to witness a significant growth in the photometer and calorimeter market during the forecast period 2021-2026 to reach 31% share in 2026. Factors such as growing adoption across end use verticals including chemicals, waste water treatment, biomedical among others as well as high research and development activities can be considered as some of the major factors impacting the growth of photometer and calorimeter in the region. Presence of some major players such as Horiba Ltd., Yokogawa Electric Corporation, Shimadzu Corporation and many others help in boosting the growth of photometer and calorimeter. In addition to this, technological advancements or infrastructural growth within oil & gas and petrochemical industries are also anticipated to propel further market growth within the Asia region. In November 2020, State owned Oil India Ltd announced the launch of 220 crore seismic campaign in order to locate oil and gas within the Mahanadi basin in Odisha. This was meant to boost the IndiaÃ‚Â’s hydrocarbon resource base, thereby creating demands for photometer and calorimeters in the long run.
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Photometer and Calorimeter Market Drivers
Rising demand towards water and waste water treatment
The rising demand towards encouraging water and waste water treatment can be considered as a major driving factor in the photometer and calorimeter market. Due to rapid industrial growth worldwide, there is generation of massive amounts of hazardous chemical wastes which can potentially damage the water bodies overtime, thus making waste water treatment practices essential. Water and waste water treatment involves segregation processes in order to measure or determine impurities for drinking water along with monitoring control of discharged waste water from industrial plants, which eventually affects the need for photometers or calorimeters. With governmental practices, such as the Global Wastewater Initiative (GW2I), helps in promoting good waste water management practices as well as work towards converting it into a potentially valuable resource. These efforts aimed to increase waste water treatment activities, potentially impacts the growth of various instruments to ensure high quality standards of water. Applications including waste water or raw water treatment, drinking water treatment, disinfectant control and many others involve the need for various analytical instruments like portable photometers, which had been eventually impacting its market growth.
Increasing adoption due to rise of medical sector
Rise of medical sector creates growing deployment of various analytic tools which is analyzed to drive the market growth of photometer and calorimeter over the forecast period. With growing rate of health diseases, medical professionals opt for testing parameters including blood glucose, heart rate, haemoglobin concentration and so on, which eventually impacts the need for medical instruments capable of offering minimal professional intervention coupled with non-invasive nature. These factors eventually have aided the growth of photometers over the years and are set to propel further owing to medical advancements. In addition to this, factors like portability and improved flexibility had been also intensifying the treatment of aging as well as various lifestyle diseases overtime while significantly impacting the photometer and calorimeter market. Usage of calorimetry devices help in targeting nutritional goals including both proteins as well as administered calories to resting energy expenditure ratio (AC/REE), ensuring optimum patient care within hospitals. In 2019, a nano fabricated chip calorimeter was introduced in order to address the challenges faced in conventional radiation dosimeters for small-field radiography. With this calorimeter, medical workers can eventually eradicate inaccurate dose measurements, thereby advancing the medical radiation technologies. Such factors have been helping in meeting the rising demands across medical treatment procedures.
Photometer and Calorimeter Market Challenges
High costs of photometers and calorimeters are considered as one of the major challenge impeding its market growth. Owing to its high initial costs, these analytic instruments face lesser adoption across small scale as well as medium sized industries. With rise of technological advances, various manufacturers have started shifting towards making portable, compact as well as rugged photometers and calorimeters capable of controlling uneven heat dissipation and many such emissions. Heating of these analysis equipment overtime eventually affects its working efficiency, thus creating need for maintenance and repair services. Additionally, the need towards minimizing errors and offering accurate results for different end users makes it expensive due to calibrating advanced components.
Partnerships and acquisitions along with product launches are the key strategies of the players in the Photometer and Calorimeter Market. The major key players in the Photometer and Calorimeter Market include Horiba Ltd., Hanna Instruments, ABB Ltd., Konica Minolta Inc., SWAN Analytical Instruments AG, Yokogawa Electric Corporation, TA Instruments Inc., Mettler Toledo, Shimadzu Corporation and PARR Instrument Company.
In May 2019, Radiant Vision Systems had announced the launch of a 43 megapixel CCD imaging system as a part of its product line of Prometric photometers. This Prometric Y43 photometer is capable of offering extremely high CCD resolution for enabling advanced measurement capacity, particularly for display as well as consumer electronics manufacturers.
In March 2019, Implen GmbH had announced the launch of an UV/VIS multi-channel spectro photometer, named NanoPhotometer N120. This instrument has extremely compact and standalone design, capable of performing rapid full scan analysis upto 12 samples over a wide concentration range.
Flame photometers is expected to have a major growth during the forecast period 2021-2026 in the photometer market owing to its capabilities including faster sensitive analysis along with being a suitable choice for determining very low concentrations within samples.
Key players such as Shimadzu Corporation, Yokogawa Electric Corporation with many others can be considered as a major driver analyzed to fuel the growth of photometer and calorimeter market within APAC region in the near future.
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