Material Analysis And Testing Equipment Market Analysis, Consumption, Demand, Growth And Forecast To 2033Posted by ramacharitbrc on May 23rd, 2024 Overview and Scope Material analysis and testing equipment refers to a wide range of instruments and tools utilized in various industries to examine the properties, characteristics, and behavior of materials. These tools are crucial for quality control, research and development, manufacturing processes, and ensuring compliance with industry standards. The material analysis and testing equipment market size has grown strongly in recent years. It will grow from .00 billion in 2023 to .18billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increased regulatory compliance, increased quality control requirements, increased globalization of supply chains, increased safety concerns. The material analysis and testing equipment market covered in this report is segmented – 2) By Location: On-Site Testing Equipment, Laboratory Testing Equipment 3) By End-Use: Aerospace And Defense, Automotive, Oil And Gas, Electronics And Semiconductors, Other End-Users The rising construction industry is expected to propel the growth of the material analysis and testing equipment market going forward. The construction industry encompasses the planning, design, and execution of building structures, infrastructure, and related projects. It arises because of various factors, such as population growth, urbanization, and new demand of housing project, which contribute to increased demand for buildings and facilities. The construction industry utilizes material analysis and testing equipment to ensure the quality, durability, and safety of materials, validating compliance with standards and specifications for robust and reliable structures. For instance, in September 2023, according to reports shared by the United States Census Bureau, a US-based government agency, the overall value of residential and non-residential construction in the US increased by over 8% between 2020 and 2021. Furthermore, in September 2021, according to reports published by Oxford Economics, a UK-based economic information services company, global construction output in 2020 stood at US.7 trillion. It is projected to experience substantial growth of approximately 42%, adding US.5 trillion and reaching a total of US.2 trillion by the year 2030. Therefore, the rising construction industry is driving the growth of the material analysis and testing equipment market. Major companies operating in the material analysis and testing equipment market are Thermo Fisher Scientific Inc., Carl Zeiss AG, Agilent Technologies LLC, AMETEK Incorporated, Keysight Technologies Inc., Olympus Corporation, Hitachi High-Tech Corporation, PerkinElmer Holdings Inc., MKS Instruments Inc., Shimadzu Corporation, Waters Corporation, Bruker Corporation, HORIBA Ltd., JEOL Ltd., NETZSCH Group, Mistras Group Inc., Malvern Panalytical Inc., ZwickRoell Group Inc., Rigaku Corporation, Instron (a division of ITW Inc.), Anton Paar GmbH, Tescan Inc., Thwing-Albert Corporation, Elvatech Ltd., Rheonik Messgeräte GmbH 2. Market Characteristics 3. Market Trends And Strategies 4. Impact Of COVID-19 5. Market Size And Growth 6. Segmentation 7. Regional And Country Analysis ……….. 27. Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis Like it? Share it!More by this author |