DUBLIN--(BUSINESS WIRE)--Jul 13, 2018--The "Optical Emission Spectroscopy Market by Offering, Form Factor, Excitation Source Type, Detector Type, Vertical and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The optical emission spectroscopy (OES) market is estimated to grow from USD 582.2 million in 2018 to USD 792.4 million by 2023, at a CAGR of 6.36% from 2018 to 2023.

The factors that drive the growth of the optical emission spectroscopy market include enforcement of stringent government safety regulations and quality control requirements across various sectors, and technological enhancements and increased functionalities.

Rising demand for multielement analysis technologies from end-user industries, growing preference to outsource analytical requirements to third-party service providers, and increasing demand from metal and scrap recycling industry are offering new growth opportunities for the growth of the OES market.

However, high cost associated with the elemental analysis via OES equipment is a factor restraining the growth of this market. One of the major challenges for the studied market is lack of skilled personnel for handling OES equipment.

OES equipment is expected to hold the largest share of the global optical emission spectroscopy market in 2018. Growing use of portable OES analyzers in metal producing and processing industries, such as metals and heavy machinery, automotive, aerospace & defense, and scrap and recycling industries; and rising use of ICP-OES across food & beverages, chemicals, pharmaceutical, and environmental industries are likely to increase the adoption of OES instruments.

The market for services is expected to grow at a higher CAGR during the forecast period. Increasing involvement of third-party service providers such as SGS, Bureau Veritas, and Intertek is likely to drive the overall services market.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Optical Emission Spectroscopy (OES) Equipment Market, By Offering

7 Optical Emission Spectroscopy (OES) Equipment Market, By Form Factor

8 Optical Emission Spectroscopy (OES) Equipment Market, By Excitation Source Type

9 Optical Emission Spectroscopy (OES) Equipment Market, By Detector Type

10 Optical Emission Spectroscopy (OES) Equipment Market, By Vertical

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

Agilent Technologies Ametek Analytik Jena for Endress+Hauser Bruker Bureau Veritas Element Materials Technology Focused Photonics (Hangzhou) GBC Scientific Equipment Pty Ltd GNR Analytical Instruments Group Hitachi High-Technologies Corporation Horiba Intertek Perkinelmer SGS Shimadzu Skyray Instrument Spectro Scientific Inc. Teledyne Leeman Labs Thermo Fisher Scientific TUV Rheinland TUV SUD

For more information about this report visit https://www.researchandmarkets.com/research/263rl5/global_optical?w=4

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SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 07/13/2018 01:13 PM/DISC: 07/13/2018 01:13 PM

http://www.businesswire.com/news/home/20180713005395/en