Global Metal Analyzers Market 2017-2021
About Metal Analyzers
Metal analyzers are used in several industrial and commercial applications to identify a metal, its constituent elements, and the proportion of these constituents. Metal analyzers are used for the in-situ analysis of various metals during metal production, in scrap metal sorting and recycling, manufacturing, and maintenance and testing operations. Metal analyzers also find wide applications in laboratories for metal alloy research and quality inspection.
Technavio’s analysts forecast the global metal analyzers market to grow at a CAGR of 4.65% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global metal analyzers market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Metal Analyzers Market 2017-2021
Technavio recognizes the following companies as the key players in the global metal analyzers market: OLYMPUS, Oxford Instruments, Rigaku, SPECTRO Analytical Instruments, and Thermo Fisher Scientific.
Other Prominent Vendors in the market are: Bruker, ELTRA, Micromeritics Instrument, Scanmin Africa, Tribogenics, TSI, and Wuxi Tianmu Instrument Technology.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is adoption of new metal detection technology (LIBS) in handheld analyzers. Major manufacturers in the field of designing and manufacturing metal analyzers have recently started introducing new technology for the detection of metals based on laser-induced breakdown spectroscopy (LIBS).”
According to the report, one driver in the market is adoption of sustainable development practices worldwide. With the rapid growth of industries and manufacturing over the past 50 years, the use of metals in production has increased exponentially. The growing concerns about sustainable development and waste management practices as well as the pressure on limited global resources have led to a significant increase in the use of recycled metals in manufacturing. The growing awareness about environmental pollution due to greenhouse gas (GHG) emissions is also leading to increased adoption of metal recycling.
Further, the report states that one challenge in the market is decline in global metal production capacity. The global metal production industry is a significant end-user of metal analyzing equipment. In this industry, metal analyzers are used for production process analysis and quality control of finished metal. Metal analyzers are used by all primary metal producers while even larger numbers are used by metal alloy and precious metal manufacturers. However, at present, primary metal production across the globe is in decline due to low commodity prices and production overcapacity in several regions.
OLYMPUS, Oxford Instruments, Rigaku, SPECTRO Analytical Instruments, Thermo Fisher Scientific, Bruker, ELTRA, Micromeritics Instrument, Scanmin Africa, Tribogenics, TSI, and Wuxi Tianmu Instrument Technology.
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