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ICP-OES Spectrometer Industry Market Size, Share & Industry Analysis, By Type (Sequential ICP-OES Spectrometer, Simultaneous ICP-OES Spectrometer), By Application (Environmental Analysis, Pharmaceutical Analysis, Metallurgical Analysis, Others (Agriculture, Petro-chemical analysis, etc.)) and Regional Forecast, 2024-2032

Region : Global | Report ID: FBI103026 | Status : Ongoing



Induction coupled plasma optical emission (ICP-OES) spectrometer is an instrument utilized for the detection of chemical elements. The instrument offers wide range of analysis in environmetal, pharmaceuticals, metallurgical and other applications. The ICP-OES spectroscopy is an analytical technique that is utilized to determine the composition of elements in agricultural, metallurgical and other samples using plasma and spectrometer. According to Japan International standard (JIS), International Organization of Standardization (ISO) and Japanese Water Supply Act, the spectroscopy technique can be utilized as an official analysis method. These spectrometers are highly regarded for accuracy and speed with which it analyzes the element samples.

The emergence of these spectrometers is attributed to the increased spending in technological developments such as, optical technology, etc. This, utlimately widens the product reach in the global market. ICP-OES spectrometers are widely utilized in the fields including, quality control and assurance, analytical services and others. The simultaneous spectrometers are quickly adopted in the market than sequential spectrometers. It is because, it offers superior accuracy necessary to quickly analyze multiple elements regardless of concentration levels.

Key Market Driver -

• Increasing technological advancements • Accelerated demand to monitor the presence of chemical elements and inorganic solvents in the metallurgical, environmental and other samples

Key Market Restraint -

• Huge capital investment required for initial instrument manufacturing plant set-up.

Key manufacturers are emphasizing on strategic mergers and acquisitions with regional players to build  strong position in the market. For instance, in May 2018, PerkinElmer Inc. acquired Spectrum Instruments Co. Ltd. to offers its analytical solution and services in applications including pharmaceutical, research, academic, governmental and chemical analysis across China.

Considering all these factors, the global ICP-OES spectrometer market is expected to observe bolstering growth in the forecast period.

Key Players Covered:

Key players operating in the global ICP-OES spectrometer market are Analytik Jena AG, HORIBA, Ltd., PerkinElmer Inc., SPECTRO Analytical Instruments GmbH (AMETEK. Inc.), PG Instruments, Shimadzu Corporation, Agilent Technologies, Inc., GBC Scientific Equipment, Skyray Instrument Inc., Thermo Fisher Scientific Inc., and others.

Regional Analysis

North America is in the best position to lead the market, owing to the adoption of advanced technologies such as, ICP Expert Software, etc. and increased initial spending on research and development. Moreover, the presence of prominent players including, PerkinElmer Inc, Thermo Fisher Scientific Inc. and others is also boosting the market growth in the region. For instance, in July 2017, PerkinElmer Inc. introduced ‘Avio 500 ICP-OEs Spectrometer’ that provides multi-elemental inorganic analysis to test complex environmental, industrial and chemical samples for high volume laboratories.

Following North America, Europe is anticipated to witness substantial growth attributed to the increased adoption of ICP-OES Spectrometer in research industry to reduce waiting time before the samples are measured. The well-established healthcare system across Europe is also complimenting the growth of ICP-OES Spectrometers in the region. For instance,

Asia Pacific is expected to witness strong compounded annual growth rate (CAGR) with effect of rapidly growing pharmaceutical industry in countries including India, China, Malaysia and others. Moreover, intellectual spectral technologies are utilized across Asia Pacific to prevent wastage of time and cost of troubleshooting.

Middle East and Africa and Latin America are expected to witness steady growth. It is owing to the limited presence of key manufacturers and low-disposable income in certain countries including, Ethiopia, Nigeria and others.

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By Type

  • Sequential ICP-OES Spectrometer

  • Simultaneous ICP-OES Spectrometer

By Application

  • Environmental Analysis

  • Pharmaceutical Analysis

  • Metallurgical Analysis

  • Others (Agriculture, Petro-chemical analysis, etc.)

By Geography

  • North America (U.S. and Canada)

  • Europe (UK, Germany, Italy, France and Rest of Europe)

  • Asia Pacific (Japan, China, India, Korea, Southeast Asia and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico and Rest of Latin America)

Key Industry Developments

  • March 2020: Analytik Jena AG newly introduced ‘PlasmaQuant 9100 Series’ of ICP-OES Spectrometer with greater adoptability that is ideal for laboratories to analyze difficult sample matrices. The company is targeting oil, chemical, metal processing and mining industries to offer its newly introduced solution.

  • July 2018: SPECTRO Analytical Instruments GmbH introduced newest version of ‘SPECTRO GENESIS ICP-OES Analyzer’ with new powerful generator and improved productivity standards for end-users such as, condition monitoring laboratories, industrial laboratories and for environmental control. 

  • Ongoing
  • 2023
  • 2019-2022


  • $4850

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