Laser diffraction is a technique that is used measure the size of particles. Laser diffraction equipment is an instrument that has the ability to calculate the size of particles by examining the scattering data. Laser diffraction technique measures the particle size in the intensity of the light scattered as the laser beam by the angular variation method. With the help of laser diffraction equipment, the wide range of particles can be determined and evaluated in a very short period of time. The laser diffraction equipment consists of laser, detector, and mean for sample to pass through a laser beam. Laser diffraction equipment can be used in a wide range of applications such as in the chemical industry, food industry, pharmaceutical industry, and building industry.
Emergence of nanotechnology in various industries and rising industrialization and urbanization are some of the factors responsible for the rapid growth of the global laser diffraction equipment market. Nanotechnology is increasingly being used in manufacturing of semiconductors. Nano sensors are also widely used in building industries to detect cement corrosion and cracks, thereby propelling the growth of the laser diffraction equipment market globally. Additionally, factors such as technological advancements, growth in product extensions, and rising funding and grants for research by government authorities are fueling the growth of the global laser diffraction equipment market. A number of providers are increasingly using technologically advanced equipment for quicker and accurate results. Implementation of regulations by pharmaceutical companies, rising demand for laser diffraction equipment across various sectors such as chemicals, food, pharmaceuticals, and building, and enhanced focus on quality control are some of the factors escalating the growth of the global laser diffraction equipment market. Increasing investments by leading manufacturers of laser diffraction equipment is also driving the growth of the market across the globe. Lack of awareness among customers and high cost of the equipment are some of the factors that may be a hurdle to the growth of the global laser diffraction equipment market.
The global laser diffraction equipment market can be segmented by dispersion type, by size of particles, by industry vertical, and by geography. On the basis of dispersion type, the global laser diffraction equipment market can be segmented into spray particle analysis, dry particle analysis, wet particle analysis, and others. In terms of size of particle, the global laser diffraction equipment market can be segmented into 0.01µm to 3500µm, 0.1µm to 2500µm, 0.1µm to 2000µm and others. On the basis of industry vertical, the market can be segmented into healthcare, mining, minerals and cement, food and beverages, chemical and petroleum and others.
Healthcare segment is expected to expand at a higher rate in the global market owing to the increased funding in research and increasing focus on quality of healthcare products. Geographically, the global laser diffraction equipment market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the market during the forecast period owing to the growing investment in nanotechnology, growth in government aid, and growing customer awareness. The market in Asia Pacific is also expected to expand at a significant rate over the forecast period due to developing economies and gradual shift of technology.
The global laser diffraction equipment market is moderately consolidated by large number of participants. Some of the key players in the market include Malvern Instruments Ltd, HORIBA, Ltd, Micrometrics Instrument Corporation, Microtrac, Fritsch GmbH, Shimadzu Corporation, Beckmancoulter, Sympatec GmbH, Horiba Scientific, Beckman Coulter, Inc., Angstrom Advanced Inc., Retsch, CILAS, and LaVision.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.