Development Trends of Ten Sub-Sectors in the Instrumentation Industry

According to the latest statistics from the National Bureau of Statistics, from January to October, the instrumentation manufacturing industry achieved a total profit of 70.41 billion yuan, a year-on-year increase of 24.4%. Data released by the Bureau of Statistics in recent months shows that the total revenue of the instrumentation manufacturing industry continues to reach new highs. As a pillar industry of national development, the development of the instrumentation industry depends on many factors.

As the philosophical view states, the whole is composed of parts, and the development of the parts directly drives the whole forward. Looking at the entire instrumentation industry, it mainly covers multiple categories such as analytical instruments, laboratory instruments and equipment, environmental monitoring instruments, physical property analysis instruments, measuring instruments, life science instruments, optical instruments, accessories and consumables, chemical reagents, and industry-specific instruments. Specifically, in the sub-sectors such as analytical instruments and laboratory equipment, promoting innovation and seeking differentiated development is essential. Industry professional reports have made development predictions for the sub-sectors of instrumentation, and Chemical Instruments Network has compiled relevant statistics; let's take a look.

The global terahertz market will reach $290 million in 2020.

Research progress in terahertz equipment technology, such as terahertz pulses and low-loss waveguide circuits, has provided numerous opportunities for the market. A recent research report from Research and Markets shows that the global terahertz technology market was worth $7.024 million in 2015 and is projected to reach $288.77 million by 2020, representing a CAGR of 32.68%. The increasing number of manufacturing companies in developing countries and the rising global demand for precision safety systems will drive the growth of the global terahertz technology market. Expanding applications and continuous research and development are also contributing to market growth.

The global market for laboratory and handheld Raman instruments is projected to reach $524 million by 2020.

The global market for laboratory and handheld Raman instruments is projected to reach $524 million by 2020, with a CAGR exceeding 9% during the forecast period. A recent market research report from Technavio shows that the global market for laboratory and handheld Raman instruments will reach $524 million by 2020, with a CAGR exceeding 9% during the forecast period. The urgent need for food safety and environmental monitoring is the main growth factor.

The global near-infrared imaging market is projected to reach $471.2 million in 2020.

The global near-infrared imaging market is expected to reach $471.2 million by 2020, with a compound annual growth rate (CAGR) of 8.8% from 2015 to 2020. The rising number of cancer cases and the advantages of near-infrared imaging technology compared to other imaging methods have led to a continuous increase in sales of near-infrared imaging equipment in recent years.

The environmental protection equipment manufacturing industry in the fields of water, soil, and air pollution is expected to reach a trillion yuan in output value by 2020.

The Ministry of Industry and Information Technology's "Guiding Opinions on Accelerating the Development of the Environmental Protection Equipment Manufacturing Industry" proposes that by 2020, China will cultivate ten leading environmental protection equipment manufacturing enterprises with a scale of 10 billion yuan each, create 1,000 specialized and innovative SMEs, and form several industrial clusters with strong driving effects and distinctive characteristics. The output value of the environmental protection equipment manufacturing industry is expected to reach 1 trillion yuan. Under this goal, the manufacturing of pollution control equipment in the fields of air, water, and soil pollution will usher in a significant development opportunity.

The global biosafety testing market is projected to reach $3.51 billion in 2020.

A recent research report from an international research institution indicates that the market is expected to reach $3.51 billion by 2020, representing a CAGR of 12.23% during the reporting period. The global biosafety testing market is primarily driven by growth in end-market sectors such as pharmaceuticals and biotechnology. Factors such as biotechnology industrial innovation, new drug development, and regulations are contributing to increased demand in related testing markets.

The global market for miniaturized/micro-spectroscopy instruments is projected to reach $300 million in 2021.

A recent research report from Research and Markets shows that miniaturized spectrometers are experiencing even faster growth. The overall molecular spectroscopy market is projected to grow at an annual rate of 7% between 2015 and 2021, with pharmaceutical QA/QC, food and beverage, agriculture, environmental monitoring, medical POC, and consumer applications (smartphone spectroscopy, food testing, etc.) being the main driving factors.

The global gas chromatography market will exceed $3.5 billion in 2022.

A recent research report from Research and Markets indicates that the global gas chromatography market is projected to exceed $3.67 billion by 2022. Several key drivers of this growth include increased use of GC-MS instruments due to rising crude oil and shale oil production; increased environmental focus on wastewater treatment; and rising demand for gas chromatography instruments due to frequent food safety issues. Furthermore, the discovery of potential oil fields and the development of emerging economies will also contribute to the growth of the gas chromatography instrument market.

The global thermal analysis market will reach $647 million in 2022.

A recent MarketsandMarkets™ research report shows that the global thermal analysis market is expected to grow from $511.5 million in 2017 to $647 million by 2022, representing a CAGR of 4.6%. Key factors driving the growth of the thermal analysis market include increased crude oil and shale oil production, increased research activity by end-users in major market segments, patent expirations for important pharmaceuticals and biomolecules, and the implementation of numerous food and product safety regulations. Instrument manufacturers involved include TA Instruments, Mettler Toledo, PerkinElmer, Shimadzu, and Hitachi.

The protein purification and separation market is projected to reach $73.5 billion in 2022.

Recently, a research report published by foreign media indicates that the global protein purification and separation market is expected to exceed $73.5 billion by 2022, with a compound annual growth rate (CAGR) of 8.3% during the reporting period. Key drivers include the increasing need to identify new ligands and the use of rapid reagent kits, which are driving research and development in the protein purification market; the use of automated protein purification instruments; government funding for related research institutions; and the post-genomic era promoting the development of new proteomics technologies. Instrument manufacturers include Thermo Fisher Scientific, Agilent Technologies, and Roche.

The global mass spectrometry market is projected to reach $10.5 billion by 2025.

The global mass spectrometry instrument market was estimated at $5.3 billion in 2016 and is projected to reach $10.5 billion by 2025, representing a compound annual growth rate (CAGR) of 7.7%. Driven by huge demand from the chemical and petrochemical industries, and the expanding applications in the life sciences and pharmaceutical industries, the demand for mass spectrometry systems is also increasing. Furthermore, mass spectrometry coupling technologies such as gas chromatography-mass spectrometry (GC-MS) and liquid chromatography-mass spectrometry (LC-MS) are further promoting the widespread application of mass spectrometry instruments.

In fact, under the influence of fierce global market competition, in recent years, instrument manufacturers specializing in various niche markets have been making significant strides in technology research and development, service improvement, and market expansion, striving to achieve steady profit growth through technological and product innovation that meets the needs of their target markets. It is precisely because of this that the overall strength of the instrument industry has significantly improved. Currently, leveraging both policy and market advantages, focusing on the application needs of niche industries, and seizing the development opportunities of the times is the right choice for every instrument manufacturer.