The global X-ray photoelectron spectroscopy market was valued at US$ 443.5 Mn in 2014 and is projected to reach US$ 749.8 Mn by 2023, expanding at a CAGR of 5.8% during the forecast period from 2015 to 2023.
Albany, NY -- (SBWIRE) -- 04/05/2016 -- This report on global X-ray photoelectron spectroscopy (XPS) market analyzes the current and future prospects of the XPS technology worldwide. The stakeholders of this report include companies engaged in production and marketing of XPS systems across the globe. This report encompasses an elaborate executive summary, with a market snapshot that provides overall information of major market segments and sub-segments included in the study scope. This section also provides the overall information and data analysis of the X-ray photoelectron spectroscopy market with respect to the leading market segments based on analysis and major application areas.
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The X-ray photoelectron spectroscopy market has been segmented on the basis of analysis, application, and geography. The analysis segment has been further segmented into forensic analysis, contamination analysis, elemental analysis, electronic density estimation, and others. XPS market finds application majorly in healthcare, semiconductor and electronics and other industries. Increasing use of XPS technology in medical and pharmaceutical research for determination of drug safety and efficiency in conjunction with increasing support from respective nation's government to promote awareness about these technology platforms ensure lucrative growth opportunity for the X-ray photoelectron spectroscopy market. Application of XPS technology in healthcare industry is anticipated to record highest growth rate during the coming years. Geographically, global XPS market has been further categorized into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America dominated the global X-ray photoelectron spectroscopy market in terms of market share and is expected to retain its position throughout next few years. This is majorly attributed to increasing preference for the use of high end technological platforms coupled with increased awareness levels of people with respect to their health, lifestyle and environment. The market for each of these segment has been analyzed on the basis of various market dynamics such as technological advances, its advantages and increasing use of the innovative techniques in many research activities. Market revenue in terms of US$ Mn for the period between 2013 and 2023 along with the compound annual growth rate (CAGR %) from 2015 to 2023 are provided for all the segments, considering 2014 as the base year.
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The market overview section of this report explores market dynamics such as drivers, restraints, and opportunities that have predominant impact on the X-ray photoelectron spectroscopy market at present and could influence the market in the future as well. The market attractiveness analysis has been provided in the market overview section in order to elucidate the intensity of competition in the market in different LATAM countries. Porter's five forces analysis is also explained in this section to understand the XPS market considering different parameters that have an impact on the sustainability of the companies operating in this market. The competitive scenario between different market players is evaluated through market share analysis in the competitive landscape section of the report. All these factors would help the market players to take strategic decisions in order to strengthen their positions and expand their shares worldwide.
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The report also profiles major players in the XPS market on the basis of various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Some of the major players profiled in this report include Thermo Fisher Scientific, Kratos Analytical, Japan Electron Optics Lab (JOEL), and Evans Analytical Group (EAG) among others. Rigorous research and development initiatives by the leading market players as well as execution of unique marketing strategies to increase the accessibility and affordability towards these technologies are supporting the XPS market growth globally. The global XPS market is influenced by the presence of large regional players and predominant in developed economies as compared to other developing economies. However, these companies are focusing on expansion in emerging economies especially in countries like India, China and Australia.
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