Growing need to conduct high-level biological research has led to an upsurge in demand for electron microscopes globally. In addition, surge in demand for microscopes that provides magnified images of the materials used during the production process is projected to impact the global market growth positively. Fact.MR states that the global market of electron microscopes is projected to reflect a CAGR of 6.4% over the forecast period, 2017-2026.
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Factors Fuelling Global Market Growth
Growth of the global electron microscopes market is mainly bound to various macro-economic and micro-economic factors. As the need to offer qualitative and in-depth knowledge on various aspects of a subject arises, the educational institutions are increasingly adopting leading technology and advanced equipment. Educational institutions are increasingly adopting electron microscopes in order to impart detailed information on various aspects of the subject. Through the electron microscopes the students at various levels can view magnified, 3D and detailed version of images for progress in their study in subjects such as chemistry and biology.
In addition, the electron microscopes increasingly witness significant demand in various research institutions. Growing need to conduct biological and biotechnical researches continue to increase, researchers prefer opting for leading technology and equipment that supports the research and development process. Moreover, growing need to conduct research in order to develop various medical products and devices has further led to an upsurge in demand for image magnifying equipment globally. Access to magnified and detailed version of the images for conducting analysis on various elements and other cells has led researchers to opt for devices equipped with leading technology. In order to conduct detailed research reports for production of new and innovative solutions for various disorders, the research institutions are increasingly adopting advanced electron microscopes such as Transmission Electron Microscope (TEM). Equipped with advanced technological features such as microanalysis techniques and high-resolution scanning, preference for the electron microscopes will continue to remain high as compared to the conventional microscopes. These factors are expected to fuel the global market growth of electron microscopes during the forecast period.
Increasing production in the automotive industry is also projected to rev up adoption of electron microscopes globally. Growing need to analyze the stability and robustness of the production materials has led to an upsurge in demand for the electron microscopes significantly. Adoption of electron microscopes allows the manufacturers to view the magnified, accurate and detailed version of the images of the production materials. In-depth information enables the manufacturers to opt for effective options, which enables the manufacturers to offer enhanced products globally. Surge in demand for the electron microscopes in the automotive market is further projected to contribute towards growth of the global market during the forecast period.
Sales to Remain High Through the Scanning Electron Microscopes
As the need to conduct a study on external morphology continues to increase, demand for the scanning electron microscopes is projected to remain high. In terms of revenue, the scanning electron microscopes product type segment is projected to witness the highest growth, recording around US$ 850 Mn by 2026-end. On the other hand, the scanning transmission electron microscopes product type segment is projected to reflect a healthy CAGR over the forecast period. By 2017-end, the material science end user industry segment is projected to witness a robust revenue growth, accounting for more than US$ 290 Mn by 2026-end. In contrary, the earth science end user industry segment is projected to reflect a significant CAGR throughout the forecast period.
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Major players in the global market of electron microscopes are JEOL Ltd., FEI, Carl Zeiss, Hitachi, Unisoku Co., Ltd., Agilent Technologies, Thermo Fisher Scientific., TESCAN, Delong America Inc. and COXEM.