Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 650 Million | USD 1075 Million | 6.5% | 2022 |
The global EDS, WDS, EBSD, Micro-XRF instruments market size was worth around USD 650 million in 2022 and is predicted to grow to around USD 1075 million by 2030 with a compound annual growth rate (CAGR) of roughly 6.5% between 2023 and 2030.
A popular method for studying crystalline or polycrystalline materials is electron backscatter diffraction, a microstructural-crystallographic characterization method based on scanning electron microscopy. The method can provide details about the material's phase, strain, orientation of crystals, and structure. Energy dispersive X-ray microanalysis and energy dispersive X-ray analysis are other names for EDS analysis. It is an analytical method for determining a sample's chemical makeup or elemental composition. It depends on an X-ray excitation source interacting with a material. Its ability to characterize is largely attributable to the fundamental idea that every element has its atomic structure, which permits an individual set of peaks on its X-ray emission spectrum. By detecting distinctive X-rays within a narrow wavelength range, wavelength-dispersive X-ray spectroscopy, also known as WDS or WDXS, is a non-destructive analytical method used to gather fundamental information about a variety of materials. The method produces a spectrum with readily identifiable components and peaks that match certain X-ray lines. Chemical analysis, electron microprobes, scanning electron microscopes, wavelength dispersive X-ray fluorescence (WDXRF) spectrometry, and high-precision experiments for testing atomic and plasma physics are the main applications for WDS. An X-ray device used for regular, mostly non-destructive chemical investigations of rocks, minerals, sediments, and fluids is called an XRF spectrometer. It operates using principles of wavelength-dispersive spectroscopy, which are comparable to those of an electron microprobe (EPMA).
The growing oil & gas sector drives the market growth
The EDS (Energy-Dispersive X-ray Spectroscopy), WDS (Wavelength-Dispersive X-ray Spectroscopy), EBSD (Electron Backscatter Diffraction), and Micro-XRF (Micro X-ray Fluorescence) instruments have a diverse range of application such as materials characterization, analysis, and quality control. EDS and WDS instruments are used for the elemental analysis of geological samples, rock formations, and mineral deposits. This information is crucial for identifying potential hydrocarbon reservoirs and understanding the composition of surrounding materials. Thus, with the growing oil & gas sector the EDS, WDS, EBSD, Micro-XRF instruments market is growing rapidly. For instance, according to Enerdata, with the world economy growing and OPEC+ crude oil production adjusted by +0.4 mb/d per month until the 5.8 mb/d production adjustment is phased out, global crude oil production rose at a record 5.4% rate in 2022, significantly above its growth in 2021 (+1.6%) and its average growth from 2010 to 2019 (+1.3%/year).
High cost impeding the market growth
The initial investment required to set up and purchase instruments for EBSD, Micro-XRF, WDS, and EDS can be high. Smaller businesses, labs, and research institutes may find it prohibitive to invest in these technologies due to this expense. Furthermore, these devices frequently have continuing running and maintenance costs in addition to the original purchase price. This covers expenses for periodic maintenance, software upgrades, energy use, and consumables. Thus, the high cost is expected to limit the EDS, WDS, EBSD, Micro-XRF instruments industry growth during the forecast period.
Growing product launches provide a lucrative opportunity for market growth
The growing product launches are expected to offer a lucrative opportunity for EDS, WDS, EBSD, Micro-XRF instruments market growth during the forecast period. In July 2022, with the release of the XFlash 7 detector series, Bruker intends to provide the fastest, most sensitive, and most reliable means of chemically analyzing material samples in electron microscopes using its QUANTAX energy dispersive X-ray spectrometer (EDS) systems. Bruker believes that XFlash 7 customers in academic and industrial research will benefit from better analytical performance, higher productivity, and lower cost of ownership because of its numerous new and distinctive features. There is a wide selection of detector sizes, shapes, and window materials for XFlash 7 detectors. Building on the slim-line concept of its predecessor, each model is made to offer, for a specific microscope sample chamber geometry, the greatest collecting angle for X-rays generated by the sample, or the ideal ratio between the active detector area and sample-detector distance.
The complex nature and need for expertise pose a major challenge to market growth
It might be difficult to operate and understand the data of this equipment. To utilize these technologies properly, one has to have the necessary training and experience. For certain businesses, the requirement for qualified operators may pose a constraint.
The global EDS, WDS, EBSD, Micro-XRF Instruments industry is segmented based on the product, application, and region.
Based on the product, the global market is bifurcated into Energy Dispersive Spectroscopy (EDS), Wavelength Dispersive Spectroscopy (WDS), Electron Backscatter Diffraction (EBSD) and Micro X-Ray Fluorescence (Micro-XRF). The Energy Dispersive Spectroscopy (EDS) segment is expected to capture the largest revenue share over the forecast period. EDS is used in a wide range of applications, including materials science, metallurgy, geology, electronics, semiconductors, forensics, and life sciences. Its versatility contributes to its widespread adoption. Thus, this is expected to drive the segment growth over the forecast period.
Based on the application, the global EDS, WDS, EBSD, Micro-XRF Instruments industry is bifurcated into semiconductors, oil & gas, pharmaceuticals & biotechnology, manufacturing, and others. The oil and gas segment is expected to hold the largest market share over the forecast period. The composition and quality of geological formations have a significant impact on the oil and gas sector. The requirement for exact study of geological samples, equipment materials, and environmental effects grows as the sector explores and produces hydrocarbons from more difficult areas. The industry's emphasis on cutting costs and improving operational effectiveness has also boosted the use of sophisticated analytical tools to enhance the drilling, production, and exploration operations. Thus, the use of these analytical instruments in various applications drives the segment growth over the projected period.
Report Attributes | Report Details |
---|---|
Report Name | EDS, WDS, EBSD, Micro-XRF Instruments Market |
Market Size in 2022 | USD 650 Million |
Market Forecast in 2030 | USD 1075 Million |
Growth Rate | CAGR of 6.5% |
Number of Pages | 202 |
Key Companies Covered | Thermo Fisher Scientific Inc., Bruker, AMETEK. Inc., JEOL Ltd., HORIBA Ltd., IXRF Systems, Shimadzu Corporation, Oxford InstrumentsRigaku corporation, Nanowerk, CAMECA, Gatan Inc., ZEISS, Wirsam Scientific, Labsoft, Eisenberg Bros. Ltd., PIK Instruments, Nytek instruments, EDAX Inc., Wirsam Scientific, and others. |
Segments Covered | By Product, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is expected to dominate the market over the forecast period
North America is expected to dominate the global EDS, WDS, EBSD, Micro-XRF instruments market over the forecast period. Analytical instruments are among the sophisticated technologies that the region has historically adopted. This equipment is essential for materials analysis and research at many universities, research organizations, and industrial sites in the region. Moreover, the growing oil & gas sector is expected to drive the market growth in the region. For instance, BP PLC declared in February 2022 that the Gulf of Mexico's Herschel Expansion project has begun. Of the four main projects that will be deployed globally in 2022, Herschel was the first. The project's first phase is creating a new subsea production system. The first well is anticipated to add 10,600 barrels of oil equivalent per day to the platform's yearly gross output at its peak.
The global EDS, WDS, EBSD, Micro-XRF Instruments market is dominated by players like:
By Product
By Application
FrequentlyAsked Questions
A popular method for studying crystalline or polycrystalline materials is electron backscatter diffraction, a microstructural-crystallographic characterization method based on scanning electron microscopy. The method can provide details about the material’s phase, strain, orientation of crystals, and structure. Energy dispersive X-ray microanalysis and energy dispersive X-ray analysis are other names for EDS analysis. It is an analytical method for determining a sample's chemical makeup or elemental composition. It depends on an X-ray excitation source interacting with a material. Its ability to characterize is largely attributable to the fundamental idea that every element has its atomic structure, which permits an individual set of peaks on its X-ray emission spectrum.
According to the report, the global EDS, WDS, EBSD, Micro-XRF instruments market size was worth around USD 650 million in 2022 and is predicted to grow to around USD 1075 million by 2030.
The global EDS, WDS, EBSD, Micro-XRF Instruments market is expected to grow at a CAGR of 6.5% during the forecast period.
The global EDS, WDS, EBSD, Micro-XRF Instruments market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the growing oil & gas sector.
The global EDS, WDS, EBSD, Micro-XRF Instruments market is dominated by players like Thermo Fisher Scientific Inc., Bruker, AMETEK. Inc., JEOL Ltd., HORIBA, Ltd., IXRF Systems, Shimadzu Corporation, Oxford InstrumentsRigaku corporation, Nanowerk, CAMECA, Gatan, Inc., ZEISS, Wirsam Scientific, Labsoft, Eisenberg Bros. Ltd., PIK Instruments, Nytek instruments, EDAX Inc., Wirsam Scientific among others.
The EDS, WDS, EBSD, Micro-XRF Instruments market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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