The global synchrotron instrumentation market over the coming decade. Valued at USD 1.00 billion in 2022, the market is expected to experience a year-over-year (Y-o-Y) growth of 4.8% in 2023, bringing it to USD 1.05 billion. From 2023 to 2033, the market is forecasted to grow at a CAGR of 5.6%, ultimately reaching USD 1.80 billion by 2033.
Key Drivers of Market Growth
The synchrotron instrumentation market expansion is attributed to several important factors:
- Rising Investment in Advanced Research Facilities: With synchrotrons used in various applications from material science to biology, increased funding and investment in state-of-the-art research infrastructure are key growth drivers.
- Technological Advancements in Instrumentation: Improvements in beamline technology, imaging systems, and analytical instruments are enhancing the precision and scope of synchrotron applications, fueling demand.
- Expanding Applications Across Industries: From pharmaceuticals to nanotechnology, the market is benefiting from the broader adoption of synchrotron-based analysis in diverse industries.
FMI’s research suggests a promising outlook for the synchrotron instrumentation market, as the ongoing demand for advanced analytical capabilities continues to grow. The market is well-positioned for steady growth, supported by technological innovation and a widening scope of applications.
Synchrotron instrumentation refers to the specialized equipment and techniques used in synchrotron facilities for scientific research. Synchrotrons are large particle accelerators that produce highly intense and focused beams of electromagnetic radiation, ranging from X-rays to infrared light. These facilities are utilized by scientists from various disciplines, including physics, chemistry, biology, materials science, and medicine, to conduct cutting-edge research.
Beamlines are the primary experimental stations where researchers conduct their experiments. A synchrotron facility typically has multiple beamlines, each dedicated to a specific research area or technique. Beamlines consist of a series of optical elements, such as mirrors, lenses, monochromators, and detectors, which manipulate and measure the synchrotron radiation.
X-ray spectroscopy techniques provide valuable insights into the electronic and chemical properties of materials. Instruments like X-ray absorption spectroscopy (XAS), X-ray emission spectroscopy (XES), and X-ray photoelectron spectroscopy (XPS) are employed to analyze the energy levels and transitions of electrons in a sample. This helps researchers understand the chemical composition, oxidation states, and bonding within materials.
Competitive Landscape
The market’s major companies are concentrating on diversifying their product offerings to boost their market share in synchrotron instrumentation and to broaden their presence in developing economies. Market strategies, technological developments, conferences, acquisitions, and distribution agreements with other businesses are the main tactics used by manufacturers to obtain a competitive edge in the market.
For instance:
- In March 2019, AgfaLabs acquired a new Agilent Cary 620 ‘synchrotron-in-a-microscope’ FTIR imaging system.
- In June 2018, Rigaku Innovative Technologies (RIT) announced its participation in the 13th International Conference on Synchrotron Radiation Instrumentation.
Similarly, recent developments have been tracked by the team at Future Market Insights related to companies in the synchrotron instrumentation market space, which are available in the full report
Key Companies Profiled
ZEISS; SYNCHROTRON RESEARCH INC.; FMB Oxford Ltd.; Rigaku Corporation; Quantum Design Inc.; TOP-UNISTAR (HK) SCIENCE & TECHNOLOGY CO., LTD.; Shimadzu Corporation; Proto Manufacturing; Agilent Technologies; HUBER Diffraktionstechnik GmbH & Co. KG; DECTRIS AG; Avaco; Rayonix, L.L.C.; AVS. Added Value Solutions; Xenocs; Malvern Panalytical Ltd; Alemnis; JJ X-Ray A/S; Thermofisher Scientific; Edwards Vacuum; G&H Group
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Key Segments Covered in Synchrotron Instrumentation Industry Research
By Product:
- Optical Devices
- Other Beam Line Components
- Slits
- Shutters
- Florescent Screens
- Windows
- Beam deflectors
- Mirrors
- Objective Lenses
- Detectors
- Diagnostics
- Monochromators
- Vacuum Systems
- Other Beam Line Components
- Instruments
- Diffraction Gratings systems/ diffractometer
- X-Ray Tomography
- Small-angle X-ray scattering (SAXS)
- Large Area Rapid Imaging Analytical tool (LARIAT)
- sub-micron CT/XRM
- X-Ray absorption spectroscopy (XAS)
- X-Ray fluorescence (XRF)
- Spectrometers
- FTIR
- Nano-mechanical test instrumentation
- Cryo-Electron Microscopy
By Application:
- Nanoparticles and colloids
- Drug Discovery and Formulations
- Polymer Research
- Food Sciences
- Medical research
- Toxicology
- Material Research
- Semiconductors research
- Others
By End Use Industry:
- Oil and Gas
- Food Industry
- Cosmetic & Consumer care
- Renewable Energy
- Medical Industry
- Pharmaceutical Industry
- Environmental Sciences
- Agriculture
- Electronics Industry
By Region:
- North America
- Europe
- Asia Pacific
- Rest of the World
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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