Global X-Ray Fluorescence Analyser Market – Industry Trends and Forecast to 2030

X-Ray Fluorescence Analyser Market Analysis and Size

X-ray fluorescence (XRF) is a type of X-ray device that is used to conduct routine chemical tests on rocks, minerals, sediments, and fluids. X-ray fluorescence (XRF) concludes the chemistry of a sample by examining the fluorescent X-ray that is emitted by a sample when it is agitated by a main X-ray source. It is commonly used to analyze the substance of the vast majority of geological components and materials. The product type segment is expected to dominate the market due to the rapid economic growth and the adoption of X-ray fluorescence regulations by several governments would boost the market growth.

Data Bridge Market Research analyzes that the global X-Ray fluorescence analyser market, valued at USD 1.55 billion in 2022, will reach USD 2.32 billion by 2030, growing at a CAGR of 5.25% during the forecast period of 2023 to 2030. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

X-Ray Fluorescence Analyser Market Scope and Segmentation

Market Definition

X-ray fluorescence is a non-destructive chemical analysis process that has a wide range of applications in geology, the environment, mining and cement production, glass and ceramics, food, forensic research, and health care. Non-destructive X-rays emitted under high-energy X-ray radiation are used in X-ray fluorescence spectrometry to assess and trace levels of pathogenic components without destroying or destructing the sample composition under test.

Global X-Ray Fluorescence Analyser Market Dynamics

Drivers

• Rise in technological innovations

The wide regulation of these spectrometers in various areas and technological improvements make X-ray fluorescence spectrometers more suitable for healthcare. Furthermore, the growing use of X-ray fluorescence spectrometers in tablet grouping processes to examine contaminants externally and internally is expected to augment the demand for X-ray fluorescence analyzers across the world in the near future.

• Increase in the demand for X-ray fluorescence spectrometers

Speedy growth in the disease burden globally and an increase in the demand for better quality control options are augmenting the demand for X-ray fluorescence analyzers. These are some of the factors expected to expand at a significant growth during the forecast period. The compact size and ease of use of these spectrometers and the continuous monitoring offered by them are a few other factors driving the market growth.

• Developments in XRF-related technologies

The lower cost of XRF devices permits multiple measurements throughout the lifecycle of a material or elements for performing live verification. Profits of X-ray fluorescence (XRF) over inductively coupled plasma mass spectrometry  (ICP) and atomic absorption spectroscopy (AAS) are major factors expected to drive market growth. Various developments in XRF-related technologies such as total-reflection XRF (TXRF) and micro-calorimeters and transition edge sensor (TES) X-ray detectors, can create a positive influence on revenue opportunities for players in the market.

Opportunities

• Increasing mining activities

The rise in mining activities, particularly in emerging economies, presents a significant opportunity for market growth. XRF analyzers are extensively used for rapid and reliable elemental analysis of minerals, helping mining companies with inefficient ore extraction, resource evaluation, and process optimization.

• Rise in quality control in manufacturing

XRF analyzers play a crucial role in quality control processes across various manufacturing industries, such as automotive, aerospace, and electronics. The growing focus on product quality and safety standards creates an opportunity for the adoption of XRF analyzers to ensure accurate and consistent material composition analysis.

• Growing metal recycling industry

With the increasing emphasis on sustainable practices and resource conservation, the metal recycling industry is experiencing significant growth. XRF analyzers aid in the identification and separation of different metal alloys, facilitating efficient recycling processes and reducing waste.

Restraint

• High Initial Investment

The initial cost of XRF analyzers, especially for high-end models with advanced features, can be a significant restraint for market growth. The capital expenditure required for purchasing and maintaining these instruments may pose challenges for small and medium-sized enterprises, limiting their adoption.

Challenge

• Competition from alternative technologies

XRF analyzers face competition from alternative analytical techniques such as atomic absorption spectroscopy (AAS), inductively coupled plasma (ICP), and laser-induced breakdown spectroscopy (LIBS). These alternative technologies offer their unique advantages and may pose a challenge to the market share of XRF analyzers, particularly in specific applications or industries.

The global X-Ray fluorescence analyser market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on this market, contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

• In March 2023, with the introduction of the two new micro-XRF (X-ray fluorescence) analyzers, the XGT-9000 Pro and XGT-9000 Expert X-ray Analytical Microscopes, HORIBA, Ltd. have further extended its XGT-9000 series product line. There are several different industries that employ the XGT-9000 Series. It is used to identify foreign objects and create novel materials in industries such as lithium-ion batteries, pharmaceuticals, and others. The updated detection systems in the new XGT-9000 Pro and XGT-9000 Expert, along with our patented*1 pulse processing technology, provide faster analysis*2. As a benchtop frequency dispersive micro-XRF analyzer, the XGT-9000 Expert also achieves the first*3 light element*4 analysis in the world.
• In April 2022, In Stuttgart, Germany, in April 2022, Viscom AG displayed a number of its most recent microfocus X-ray tubes at Control. Due to its adaptability, a hitherto unattainable spectrum of jobs can now be covered by the same X-ray source, ranging from the radiography of huge and heavy components to the examination of small, filigree objects and time-optimized series inspections.

Global X-Ray Fluorescence Analyser Market Scope

The global X-ray fluorescence analyser market is segmented into two notable segments based on product type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Handheld
• Bench-top

Application

• Cement
• Mining and Metals
• Petroleum
• Chemicals
• Environmental
• Food and Pharmaceutical

Global X-Ray Fluorescence Analyser Market Regional Analysis/Insights

The global X-ray fluorescence analyser market is analyzed and market size insights and trends are provided by country, product type, and application as referenced above.

The countries covered in this market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.

North America is expected to dominate the global X-ray fluorescence analyser market due to the presence of superior healthcare infrastructure and favorable reimbursement scenarios in the region. Asia-Pacific is expected to be the fastest-growing region due to the increasing affordability of healthcare devices and high consciousness about technical advancements in the market.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The global X-Ray fluorescence analyser market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios and their impact on the market. The data is available for the historic period 2015-2020.

Competitive Landscape and Global X-Ray Fluorescence Analyser Market Share Analysis

The global X-Ray Fluorescence Analyser Market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the X-Ray fluorescence analyser market are:

• Olympus Corporation (Japan)
• SUZHOU LANScientific Co.,Ltd. (China)
• Hefei Jingpu Sensor Technology Co.,Ltd. (China)
• HORIBA, Ltd. (Japan)
• Hitachi, Ltd. (Japan)
• Fischer Technology Inc. (U.S.)
• Dandong Dongfang Measurement & Control Technology Co., Ltd. (China)
• The British Standards Institution (U.K.)
• Bruker (U.S.)
• Bourevestnik (U.S.)
• SPECTRO Analytical Instruments GmbH (Germany)
• Applied Rigaku Technologies, Inc. (Japan)
• FAST ComTec GmbH (Germany)
• Malvern Panalytical Ltd (U.K.)

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