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Prolific Demand from Expanding Applications Triggers Growth in the World X-ray Instrumentation Markets Finds Frost & Sullivan - Burgeoning demand from applications such as forensics, environmental protection, pollution, recycling, and research is expected to provide support for the world X-ray instrumentation markets
Prolific Demand from Expanding Applications Triggers Growth in the World X-ray Instrumentation Markets Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2010/02/03 - Burgeoning demand from applications such as forensics, environmental protection, pollution, recycling, and research is expected to provide support for the world X-ray instrumentation markets.

   
 
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The need for tools, such as X-ray instruments, in these sophisticated environments is on the rise. X-ray instrumentation offers better price-to-performance ratio in areas of new technology development. In particular, portable instruments are seeing widespread uptake, and are poised to buoy the future prospects for the X-ray instrumentation market.

New analysis from Frost & Sullivan (testandmeasurement.frost.com), World X-ray Instrumentation Markets, finds that the market earned revenues of over $659.5 million in 2008, and estimates this to reach $672.5 million in 2013. This study examines the following sectors: X-ray diffractometer (XRD), energy dispersive X-ray fluorescence (ED XRF) spectrometers, and wavelength dispersive X-ray fluorescence (WD XRF) spectrometers.

If you are interested in more information on this study, please send an email to Sarah Saatzer, Corporate Communications, at sarah.saatzer[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.

"Demand for high-end and benchtop X-ray instruments mainly arises from element analysis performed in laboratories, where the cost of test is high," says Frost & Sullivan Research Analyst Sujan Sami. "Growth for ED XRF products is expected to be comparatively better than the WD XRF products as they are comparatively more simple and cost effective."

In the WD XRF segment, the trend is toward hybrid products, especially with companies that already offer WD XRF products. This adds more value for price, considering the high price of WD XRF instruments. The prices of equipment are anticipated to remain stable in the foreseeable future.

Although the outlook for the market is bright, there are some issues that cloud the market landscape. As is the case for many markets, the X-ray instrumentation markets were impacted by the economic downturn, which reduced available capital expenditure (CAPEX). While the industry witnessed significant growth in 2008, the economic impact limited market growth in 2009, and is likely to continue affecting the market in the short term. With reduced purchasing power, the high-end and benchtop product segments have felt the heat most.

Going forward, sales of ED XRF instruments will improve in the developing countries of Asia as they were not greatly affected by the economic downturn. In Europe, directives such as the Restriction of Hazardous Substances (RoHS), Waste Electronics and Electrical Equipment (WEEE), and End of Life Vehicle (ELV) are key for X-ray instrumentation market growth. The WEEE directive helps to recycle materials and wastes as well as demand for X-ray instruments, ratcheting up demand levels in this field. Mergers and acquisitions that have been taking place among the top tier vendors in the recent past are also expected to help take the market forward.

Another challenge for the market is the availability of well-educated technicians to handle XRD instruments, which are highly complex.

"In today's market scenario, vendors opine that the number of skilled technicians at the customers' premise is low, and end users are unable to perceive the tangible benefits of these products; this affects the demand for such instrumentation," explains Sami. "Test vendors have to ramp up promotion strategies to educate their customers on their product features."

Vendors also face the challenge of catering to the wide range of end-user industries in the X-ray instrumentation market. As various applications require different types of X-ray instruments and techniques, customization is essential, especially for the high-end product category. Participants must be alert to the subtle nuances of the market, and should provide solutions tailor-made to customer requirements to be assured of successful business outcomes.

World X-ray Instrumentation Markets is part of the Test & Measurement Growth Partnership Services program, which also includes research in the following markets: World General Purpose Test Equipment Market, World VXI and PXI Test Equipment Markets, World PCB ATE Markets, and Western European General Purpose Test Equipment Markets. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

World X-ray Instrumentation Markets / N65A

 
 
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Prolific Demand from Expanding Applications Triggers Growth in the World X-ray Instrumentation Markets Finds Frost & Sullivan

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Publisher Contact: Sarah Saatzer 
210.477.8427 sarah.saatzer[.]frost.com
 
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