PUBLISHER: Grand View Research | PRODUCT CODE: 1529775
PUBLISHER: Grand View Research | PRODUCT CODE: 1529775
Market Size & Trends
The global optical emission spectroscopy market size was estimated at USD 699.46 million in 2023 and is expected to grow at a CAGR of 6.44% from 2024 to 2030. This growth is attributed to the global increase in manufacturing and industrialization, strict regulatory standards, and the increasing importance of environmental monitoring. In addition, technological advancements by the leading manufacturers and the growing need for developing innovative and technologically advanced products that provide better customer outcomes is further anticipated to drive market growth. For instance, in January 2033, the SPECTRO Analytical Instruments announced the launch of the SPECTRO ARCOS ICP-OES system, representing the next generation of industry-leading OES technology.
Strict regulatory standards in industries such as automotive, aerospace, and pharmaceuticals are driving the adoption of OES to ensure compliance with safety and quality control requirements. For instance, the European Union (EU) announced the adoption of the Industrial Emissions Directive (IED) in 2010 to ensure compliance with safety and quality control requirements across various industries, particularly automotive and aerospace, further propelling the adoption of OES. Moreover, the EU has implemented a series of regulatory updates to support sectors and ensure competitiveness, including within the automotive industry. These updates encompass critical areas such as semiconductor development, raw materials sourcing, cybersecurity, data access requirements, and artificial intelligence (AI) deployment.
The growing demand from the metal and metallurgy industry is a key driver for the optical emission spectroscopy (OES) market. OES instruments are crucial in this sector, as they provide critical information about the quality and composition of metals used in various applications, from automotive and aerospace to construction. Leading providers of scientific instrumentation are focusing on developing and introducing innovative OES solutions to cater to the evolving needs of the metal industry. For instance, in November 2023, Thermo Fisher Scientific Inc. announced the launch of Thermo Scientific ARL iSpark Plus Optical Emission Spectrometer range. This newest series of OES spectrometers is tailor-made to optimize elemental analysis tasks in metal production, processing, and recycling sectors and in contract and research labs.
The growing emphasis on sustainability practices across industries is forcing companies to adopt advanced technologies such as optical emission spectroscopy (OES) to support efficient resource utilization, waste reduction, and environmental impact mitigation. OES involves the analysis of the electromagnetic radiation emitted by atoms when they are excited, providing valuable insights into the elemental composition of materials. This method facilitates effective process monitoring and empowers organizations to make data-driven decisions to improve the sustainability of their operations.
Global Optical Emission Spectroscopy Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global optical emission spectroscopy market report based on offerings, form factor, product, detector, application, end use, and region.
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
Kuwait
UAE