Product Code: GVR-4-68040-354-0
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.
- Offerings Outlook (Revenue, USD Million, 2018 - 2030)
- Equipment
- Services
- Form Factor Outlook (Revenue, USD Million, 2018 - 2030)
- Benchtop
- Portable
- Product Outlook (Revenue, USD Million, 2018 - 2030)
- Arc/Spark OES
- ICP-OES (Inductively Coupled Plasma)
- Detector Outlook (Revenue, USD Million, 2018 - 2030)
- Photomultiplier Tube (PMT)
- Solid State Detector (SSD)
- Hybrid
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Chemical Composition Analysis
- Material Testing and Quality Control
- Environmental Testing
- Research and Development
- End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Metallurgy and Foundries
- Mining and Exploration
- Automotive
- Aerospace and Defense
- Oil and Gas
- Food and Beverages
- Metals and Heavy Machinery
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
- Middle East and Africa (MEA)
South Africa
Saudi Arabia
Kuwait
UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Offerings
- 1.2.2. Form Factor
- 1.2.3. Product
- 1.2.4. Detector
- 1.2.5. Application
- 1.2.6. End Use
- 1.2.7. Regional scope
- 1.2.8. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.4.5.1. Data for primary interviews in North America
- 1.4.5.2. Data for primary interviews in Europe
- 1.4.5.3. Data for primary interviews in Asia Pacific
- 1.4.5.4. Data for primary interviews in Latin America
- 1.4.5.5. Data for Primary interviews in MEA
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.7.2. Approach 1: Commodity flow approach
- 1.7.3. Volume price analysis (Model 2)
- 1.7.4. Approach 2: Volume price analysis
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Offerings Outlook
- 2.2.2. Form Factor Outlook
- 2.2.3. Product Outlook
- 2.2.4. Detector Outlook
- 2.2.5. Application Outlook
- 2.2.6. End Use Outlook
- 2.2.7. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Optical Emission Spectroscopy Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.1.1. Growing demand for metal and metallurgy industry
- 3.2.1.2. Strict regulatory standards
- 3.2.1.3. Technological advancements
- 3.2.1.4. Increasing importance of environmental monitoring
- 3.2.2. Market restraint analysis
- 3.2.2.1. High initial investment
- 3.3. Optical Emission Spectroscopy Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Technological landscape
- 3.3.2.3. Economic landscape
- 3.3.3. Pipeline Analysis
Chapter 4. Optical Emission Spectroscopy Market: Offerings Estimates & Trend Analysis
- 4.1. Global Optical Emission Spectroscopy Market: Offerings Dashboard
- 4.2. Global Optical Emission Spectroscopy Market: Offerings Movement Analysis
- 4.3. Global Optical Emission Spectroscopy Market by Offerings, Revenue
- 4.4. Equipment
- 4.4.1. Equipment market estimates and forecasts 2018 to 2030 (USD Million)
- 4.5. Services
- 4.5.1. Services market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. Optical Emission Spectroscopy Market: Form Factor Estimates & Trend Analysis
- 5.1. Global Optical Emission Spectroscopy Market: Form Factor Dashboard
- 5.2. Global Optical Emission Spectroscopy Market: Form Factor Movement Analysis
- 5.3. Global Optical Emission Spectroscopy Market Estimates and Forecasts, By Form Factor, Revenue (USD Million)
- 5.4. Benchtop
- 5.4.1. Benchtop market estimates and forecasts 2018 to 2030 (USD Million)
- 5.5. Portable
- 5.5.1. Portable market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 6. Optical Emission Spectroscopy Market: Product Estimates & Trend Analysis
- 6.1. Global Optical Emission Spectroscopy Market: Product Dashboard
- 6.2. Global Optical Emission Spectroscopy Market: Product Movement Analysis
- 6.3. Global Optical Emission Spectroscopy Market Estimates and Forecasts, by Product, Revenue (USD Million)
- 6.4. Arc/Spark OES
- 6.4.1. Arc/Spark OES market estimates and forecasts 2018 to 2030 (USD Million)
- 6.5. ICP-OES (Inductively Coupled Plasma)
- 6.5.1. ICP-OES (Inductively Coupled Plasma) market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. Optical Emission Spectroscopy Market: Detector Estimates & Trend Analysis
- 7.1. Global Optical Emission Spectroscopy Market: Detector Dashboard
- 7.2. Global Optical Emission Spectroscopy Market: Detector Movement Analysis
- 7.3. Global Optical Emission Spectroscopy Market Estimates and Forecasts by Detector, Revenue (USD Million)
- 7.4. Photomultiplier Tube (PMT)
- 7.4.1. Photomultiplier Tube (PMT) market estimates and forecasts 2018 to 2030 (USD Million)
- 7.5. Solid State Detector (SSD)
- 7.5.1. Solid State Detector (SSD) market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6. Hybrid
- 7.6.1. Hybrid market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 8. Optical Emission Spectroscopy Market: Application Estimates & Trend Analysis
- 8.1. Global Optical Emission Spectroscopy Market: Application Dashboard
- 8.2. Global Optical Emission Spectroscopy Market: Application Movement Analysis
- 8.3. Global Optical Emission Spectroscopy Market Estimates and Forecasts by Application, Revenue (USD Million)
- 8.4. Chemical Composition Analysis
- 8.4.1. Chemical Composition Analysis market estimates and forecasts 2018 to 2030 (USD Million)
- 8.5. Material testing and Quality Control
- 8.5.1. Material Testing and Quality Control market estimates and forecasts 2018 to 2030 (USD Million)
- 8.6. Environmental Testing
- 8.6.1. Environmental Testing market estimates and forecasts 2018 to 2030 (USD Million)
- 8.7. Research and Development
- 8.7.1. Research and Development market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 9. Optical Emission Spectroscopy Market: End Use Estimates & Trend Analysis
- 9.1. Global Optical Emission Spectroscopy Market: End Use Dashboard
- 9.2. Global Optical Emission Spectroscopy Market: End Use Movement Analysis
- 9.3. Global Optical Emission Spectroscopy Market Estimates and Forecasts by End Use , Revenue (USD Million)
- 9.4. Metallurgy and Foundries
- 9.4.1. Metallurgy and Foundries market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5. Mining and Exploration
- 9.5.1. Mining and Exploration market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6. Automotive
- 9.6.1. Automotive market estimates and forecasts 2018 to 2030 (USD Million)
- 9.7. Aerospace and Defense
- 9.7.1. Aerospace and Defense market estimates and forecasts 2018 to 2030 (USD Million)
- 9.8. Oil and Gas
- 9.8.1. Oil and Gas market estimates and forecasts 2018 to 2030 (USD Million)
- 9.9. Food and Beverages
- 9.9.1. Food and Beverages market estimates and forecasts 2018 to 2030 (USD Million)
- 9.10. Metals and Heavy Machinery
- 9.10.1. Metals and Heavy Machinery market estimates and forecasts 2018 to 2030 (USD Million)
- 9.11. Others
- 9.11.1. Others market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 10. Optical Emission Spectroscopy Market: Regional Estimates & Trend Analysis by Offerings, Form Factor, Product, Detector, Application, and End Use
- 10.1. Regional Dashboard
- 10.2. Market Size, & Forecasts Trend Analysis, 2018 to 2030:
- 10.3. North America
- 10.3.1. U.S.
- 10.3.1.1. Key country dynamics
- 10.3.1.2. Regulatory framework/ reimbursement structure
- 10.3.1.3. Competitive scenario
- 10.3.1.4. U.S. market estimates and forecasts 2018 to 2030 (USD Million)
- 10.3.2. Canada
- 10.3.2.1. Key country dynamics
- 10.3.2.2. Regulatory framework/ reimbursement structure
- 10.3.2.3. Competitive scenario
- 10.3.2.4. Canada market estimates and forecasts 2018 to 2030 (USD Million)
- 10.3.3. Mexico
- 10.3.3.1. Key country dynamics
- 10.3.3.2. Regulatory framework/ reimbursement structure
- 10.3.3.3. Competitive scenario
- 10.3.3.4. Mexico market estimates and forecasts 2018 to 2030 (USD Million)
- 10.4. Europe
- 10.4.1. UK
- 10.4.1.1. Key country dynamics
- 10.4.1.2. Regulatory framework/ reimbursement structure
- 10.4.1.3. Competitive scenario
- 10.4.1.4. UK market estimates and forecasts 2018 to 2030 (USD Million)
- 10.4.2. Germany
- 10.4.2.1. Key country dynamics
- 10.4.2.2. Regulatory framework/ reimbursement structure
- 10.4.2.3. Competitive scenario
- 10.4.2.4. Germany market estimates and forecasts 2018 to 2030 (USD Million)
- 10.4.3. France
- 10.4.3.1. Key country dynamics
- 10.4.3.2. Regulatory framework/ reimbursement structure
- 10.4.3.3. Competitive scenario
- 10.4.3.4. France market estimates and forecasts 2018 to 2030 (USD Million)
- 10.4.4. Italy
- 10.4.4.1. Key country dynamics
- 10.4.4.2. Regulatory framework/ reimbursement structure
- 10.4.4.3. Competitive scenario
- 10.4.4.4. Italy market estimates and forecasts 2018 to 2030 (USD Million)
- 10.4.5. Spain
- 10.4.5.1. Key country dynamics
- 10.4.5.2. Regulatory framework/ reimbursement structure
- 10.4.5.3. Competitive scenario
- 10.4.5.4. Spain market estimates and forecasts 2018 to 2030 (USD Million)
- 10.4.6. Norway
- 10.4.6.1. Key country dynamics
- 10.4.6.2. Regulatory framework/ reimbursement structure
- 10.4.6.3. Competitive scenario
- 10.4.6.4. Norway market estimates and forecasts 2018 to 2030 (USD Million)
- 10.4.7. Sweden
- 10.4.7.1. Key country dynamics
- 10.4.7.2. Regulatory framework/ reimbursement structure
- 10.4.7.3. Competitive scenario
- 10.4.7.4. Sweden market estimates and forecasts 2018 to 2030 (USD Million)
- 10.4.8. Denmark
- 10.4.8.1. Key country dynamics
- 10.4.8.2. Regulatory framework/ reimbursement structure
- 10.4.8.3. Competitive scenario
- 10.4.8.4. Denmark market estimates and forecasts 2018 to 2030 (USD Million)
- 10.5. Asia Pacific
- 10.5.1. Japan
- 10.5.1.1. Key country dynamics
- 10.5.1.2. Regulatory framework/ reimbursement structure
- 10.5.1.3. Competitive scenario
- 10.5.1.4. Japan market estimates and forecasts 2018 to 2030 (USD Million)
- 10.5.2. China
- 10.5.2.1. Key country dynamics
- 10.5.2.2. Regulatory framework/ reimbursement structure
- 10.5.2.3. Competitive scenario
- 10.5.2.4. China market estimates and forecasts 2018 to 2030 (USD Million)
- 10.5.3. India
- 10.5.3.1. Key country dynamics
- 10.5.3.2. Regulatory framework/ reimbursement structure
- 10.5.3.3. Competitive scenario
- 10.5.3.4. India market estimates and forecasts 2018 to 2030 (USD Million)
- 10.5.4. Australia
- 10.5.4.1. Key country dynamics
- 10.5.4.2. Regulatory framework/ reimbursement structure
- 10.5.4.3. Competitive scenario
- 10.5.4.4. Australia market estimates and forecasts 2018 to 2030 (USD Million)
- 10.5.5. South Korea
- 10.5.5.1. Key country dynamics
- 10.5.5.2. Regulatory framework/ reimbursement structure
- 10.5.5.3. Competitive scenario
- 10.5.5.4. South Korea market estimates and forecasts 2018 to 2030 (USD Million)
- 10.5.6. Thailand
- 10.5.6.1. Key country dynamics
- 10.5.6.2. Regulatory framework/ reimbursement structure
- 10.5.6.3. Competitive scenario
- 10.5.6.4. Thailand market estimates and forecasts 2018 to 2030 (USD Million)
- 10.6. Latin America
- 10.6.1. Brazil
- 10.6.1.1. Key country dynamics
- 10.6.1.2. Regulatory framework/ reimbursement structure
- 10.6.1.3. Competitive scenario
- 10.6.1.4. Brazil market estimates and forecasts 2018 to 2030 (USD Million)
- 10.6.2. Argentina
- 10.6.2.1. Key country dynamics
- 10.6.2.2. Regulatory framework/ reimbursement structure
- 10.6.2.3. Competitive scenario
- 10.6.2.4. Argentina market estimates and forecasts 2018 to 2030 (USD Million)
- 10.7. MEA
- 10.7.1. South Africa
- 10.7.1.1. Key country dynamics
- 10.7.1.2. Regulatory framework/ reimbursement structure
- 10.7.1.3. Competitive scenario
- 10.7.1.4. South Africa market estimates and forecasts 2018 to 2030 (USD Million)
- 10.7.2. Saudi Arabia
- 10.7.2.1. Key country dynamics
- 10.7.2.2. Regulatory framework/ reimbursement structure
- 10.7.2.3. Competitive scenario
- 10.7.2.4. Saudi Arabia market estimates and forecasts 2018 to 2030 (USD Million)
- 10.7.3. UAE
- 10.7.3.1. Key country dynamics
- 10.7.3.2. Regulatory framework/ reimbursement structure
- 10.7.3.3. Competitive scenario
- 10.7.3.4. UAE market estimates and forecasts 2018 to 2030 (USD Million)
- 10.7.4. Kuwait
- 10.7.4.1. Key country dynamics
- 10.7.4.2. Regulatory framework/ reimbursement structure
- 10.7.4.3. Competitive scenario
- 10.7.4.4. Kuwait market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 11. Competitive Landscape
- 11.1. Company/Competition Categorization
- 11.2. Vendor Landscape
- 11.2.1. List of key distributors and channel partners
- 11.2.2. Key customers
- 11.2.3. Key company market share analysis, 2023
- 11.2.4. Agilent Technologies, Inc.
- 11.2.4.1. Company overview
- 11.2.4.2. Financial performance
- 11.2.4.3. Product benchmarking
- 11.2.4.4. Strategic initiatives
- 11.2.5. Anritsu Corporation
- 11.2.5.1. Company overview
- 11.2.5.2. Financial performance
- 11.2.5.3. Product benchmarking
- 11.2.5.4. Strategic initiatives
- 11.2.6. Bruker
- 11.2.6.1. Company overview
- 11.2.6.2. Financial performance
- 11.2.6.3. Product benchmarking
- 11.2.6.4. Strategic initiatives
- 11.2.7. HORIBA
- 11.2.7.1. Company overview
- 11.2.7.2. Financial performance
- 11.2.7.3. Product benchmarking
- 11.2.7.4. Strategic initiatives
- 11.2.8. JEOL Ltd.
- 11.2.8.1. Company overview
- 11.2.8.2. Financial performance
- 11.2.8.3. Product benchmarking
- 11.2.8.4. Strategic initiatives
- 11.2.9. PerkinElmer
- 11.2.9.1. Company overview
- 11.2.9.2. Financial performance
- 11.2.9.3. Product benchmarking
- 11.2.9.4. Strategic initiatives
- 11.2.10. Rigaku Holdings Corporation and its Global Subsidiaries
- 11.2.10.1. Company overview
- 11.2.10.2. Financial performance
- 11.2.10.3. Product benchmarking
- 11.2.10.4. Strategic initiatives
- 11.2.11. Shimadzu Corporation
- 11.2.11.1. Company overview
- 11.2.11.2. Financial performance
- 11.2.11.3. Product benchmarking
- 11.2.11.4. Strategic initiatives
- 11.2.12. SPECTRO Analytical Instruments GmbH
- 11.2.12.1. Company overview
- 11.2.12.2. Financial performance
- 11.2.12.3. Product benchmarking
- 11.2.12.4. Strategic initiatives
- 11.2.13. Thermo Fisher Scientific Inc.
- 11.2.13.1. Company overview
- 11.2.13.2. Financial performance
- 11.2.13.3. Product benchmarking
- 11.2.13.4. Strategic initiatives