Portable Analysis Instrumentation: The Global Market
May 20, 2009
Wellesley, Mass—According to a new technical market research report, PORTABLE ANALYSIS INSTRUMENTATION: THE GLOBAL MARKET (IAS028A) from BCC Research (www.bccresearch.com), the global market for portable analysis instrumentation will generate an estimated $6.3 bilion in 2009. This will increase to $6.7 billion in 2014, for a compound annual growth rate (CAGR) of 1.2%.
The market is broken down into application-specific equipment and product-specific equipment. The product-specific equipment segment currently has the largest share of the market, worth an estimated $3.3 billion in 2009. This should increase at a CAGR of 1.7% to reach $3.6 billion in 2014.
The application-specific equipment segment has the second largest share of the market, worth an estimated $3.0 billion in 2009. This segment is expected to generate $3.1 billion in 2014, for a CAGR of 0.8%.
SUMMARY FIGURE
GROWTH OF PORTABLE ANALYSIS INSTRUMENTATION, 2009 AND 2013
($ MILLIONS)
To Contact us, click here 
Source: BCC Research
Analytical equipment is based on a wide and robust array of technologies that have undergone transformative maturation over the last several years. Many factors have led to the evolution of portable analysis equipment including the increased use of nanotechnology and the natural effects of free market competition.
The portable or handheld analytical devices market has almost continual innovation in every underlying technology and, even though many of the application areas of field analysis are completely separate, there is the opportunity for technology creators to identify previously unknown application areas for their technology.
As disparate technology develops, analytical equipment is rapidly taking advantage of both the ability to create smaller equipment without loss of accuracy, and even to increase accuracy to real-time or near real-time results that is of incomparable value for many different real-world applications.
Portable Analysis Instrumentation: The Global Market( IAS028A )
Publish Date: May 2009
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.
BCC Library Membership Benefits
Unlimited Access to Market Research Reports for Academic Institutions and Corporations.
Custom Research
Tailored solutions across industries for your unique business needs.
Portable Analysis Instrumentation: The Global Market
Customize This Report More in Instrumentation and Sensors
- Machine Vision Market: 2D and 3D MV Systems, Technologies, and Markets to Reach $24.6B by 2030
- Humanoid Robot Market to Grow at 42.8% CAGR Through 2030
- Automotive Cybersecurity Market to Grow at 16.1% CAGR Through 2030
- Smart Machines Market to Grow at 20.8% CAGR Through 2030
- Automotive Battery Management System Market Set to Surge at 16.8% CAGR Through 2030
Reports from Instrumentation and Sensors
Recent News
- Edge AI Market to Grow at 36.9% CAGR Through 2030
- Global Data Center Market to Expand at 10.6% CAGR from 2025 to 2030
- AI Revolutionizes Food Safety and Quality Control Market, Projected to Grow at a CAGR of 30.9%
- Academic & Research Collaboration Across the GCC Building Knowledge Economies
- Global Quantum Computing Market to Grow 34.6% Annually Through 2030