Handheld XRF analyzers, commonly known as X-ray fluorescent analyzers, use a non-destructive analytical technique, to determine the elemental composition of a material. Non-destructive techniques are commonly preferred by end users as the sample is not altered while testing. Newly-upgraded handheld XRF analyzers have the capability to identify samples that are difficult to identify or samples that are out of compliance. Attributing to the high investments in research and development and high demand for the discovery of new metals around the globe, manufacturers are focusing on launching handheld XRF analyzers with upgraded features, which are helpful in precisely determining the chemical composition of a material. Handheld XRF analyzers are also used to verify the presence of new metals. There is massive demand for handheld XRF analyzers in industries such as agriculture and mining, which drives the growth of the handheld XRF analyzers market.
Handheld XRF Analyzers Market: Dynamics
Various manufacturers have been focusing on introducing portable and lightweight XRF analyzers. For example, Brukers, a prominent manufacturer of handheld XRF analyzers, has launched a portable, lightweight and battery-operated handheld XRF analyzers. Portable handheld XRF analyzers are helpful in cases where the test specimen is large and heavy or is required to be analyzed in-situ. In these cases, researchers can take the battery-operated handheld XRF analyzers to the sample rather than bringing the sample into the laboratory.
Handheld XRF analyzers are also helpful in the quick analysis of a metal. Attributing to the stringent regulations related to element identification, it is crucial for manufacturers to remain compliant, which ultimately drives the demand for handheld XRF analyzers and the growth of the market. Also, end users in mining industry are focusing on providing the accurate results while testing the composition of metal which ultimately drives the growth of the market. There is also high demand for iron and steel in various end use industries across the globe which ultimately boosts the adoption of handheld XRF analyzers in the market.
A key restraint hindering the growth of the handheld XRF analyzers market is the fact that relative humidity and surrounding temperature can affect the readings of handheld XRF analyzers. Varying geometry and density of the samples may also affect the readings on handheld XRF analyzers. Some samples are made of organic materials with varied shapes, thicknesses and surface features and these variables can affect the readings and, in turn, result in errors in the assessment. Along with that, for taking scientific readings of handheld XRF analyzers professional personal is required.
Handheld XRF Analyzers Market: Segmentation
The handheld XRF analyzers market can be segmented on the basis of data test, end user, modularity and region. Segmentation on the basis of data test: Qualitative Data, Quantitative Data, Semi-Quantitative Data; Segmentation on the basis of industry/end use: Environmental Science, Mining industries, Research and Academics, Archaeometry; Segmentation on the basis of modularity: Stationary analyzers, Portable analyzers
Handheld XRF Analyzers Market: Competition Landscape
Prominent players in the handheld XRF analyzers are OLYMPUS Corporation, Hitachi High-Technologies Corporation, Thermo Scientific Nitcon, Spectro Analytical Instruments, Bruker, and The Vanta, Oxford Instruments and Spectro Analytical Instruments. Manufacturers operating in the handheld XRF analyzers market are focusing on launching products for specific applications such as metal identification. Also, they are investing on the development of easy-to-use equipment that require operators with limited technical training.
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Handheld XRF Analyzers Market: Regional Overview
In Asia Pacific, China, Australia, and India are expected to capture a relatively high share in the handheld XRF analyzers market in terms of revenue. North America is expected to witness high share in the global handheld XRF analyzers market, due to the increasing number of government investments in research and development. The handheld XRF analyzers market in MEA is also expected to grow at a significant CAGR, owing to the various initiatives being taken by governments towards research activities in the fields of science and related industries.