Photometer Market worth $162.53 Million & Calorimeter Market worth $252.79 Million by 2020, Says the New Study on ASDReports

Friday 21 November 2014, Amsterdam

According to a new report on ASDReports, the total value of photometer market is expected to reach $162.53 Millionat an estimated CAGR of 12.19% & calorimeter market is expected to reach $252.79 Million by 2020 and 11.39% respectively from 2014 to 2020.

A photometer is an instrument that measures light intensity or optical properties of solutions or surfaces. It is used to measure irradiance, light absorption, scattering of light, reflection of light, fluorescence, phosphorescence and luminescence. While a calorimeter is a device used for calorimetry, the science of measuring the heat of chemical reactions or physical changes, as well as heat capacity. The photometer market is segmented into different photometer types, different applications, and geographical market. In the same way calorimeter market is segmented by different calorimeter types, different applications, and geographical market. In photometer the current market is dominated by flame, portable photometers while the calorimeter market is mainly dominated by bomb and differential scanning calorimeter. Of all the application sectors, one of the prominent fields that hold the promising future for photometer market is the process industry, which includes water & waste water where the need for photometric analysis is evolving and progressively growing. In the calorimeter instruments, the market is mainly driven by fuel industries, such as chemical, coal, oil & gas.

The growth of photometer & calorimeter market is propelled by a consumer demand for innovative products, demand for waste water analyzing equipment, and need to determine the heat value of petroleum products. The chemical, coal, oil & gas industry growth acts as a key catalyst for thermal analysis tools such as calorimeter. Economic trends, mergers & acquisitions in the industry, issues related to safety, security, and software enhancements are the vital factors that directly influence growth in the photometer & calorimeter market. The high investments in energy, water & waste water infrastructure in the emerging market such as India and china are the key growth opportunities for photometer & calorimeter market.

The global photometer & calorimeter market is expected to reach 162.53 million & 252.79 million by 2020 at an estimated CAGR of 12.19% and 11.39% respectively from 2014 to 2020. The Americas is the leading region in the overall photometer market followed by Europe and Asia-Pacific with 11.71 % and 14.95 % each in 2014. While in calorimeter market again, the Americas is the leading region followed by Europe and Asia-Pacific with 10.51 % and 13.68 % each in 2014. Process industry, biomedical & research fields form the largest end user segment for photometer & calorimeter market. The technological advancement is one of the factors which boost the sales of photometer and calorimeter. The manufacturer has to strictly adhere to the regulatory compliance of each region which in turn affects the growth of photometer and calorimeter industry. Leading global and regional players operating in the photometer & calorimeter market include: ABB Ltd. (Switzerland), Swan Analytical Instruments AG (Switzerland), Yokogawa Electric Corporation (Japan), Setaram Instrumentation (France), Gooch & House (U.K.), and Hanna Instruments (U.S.).