A monochromator is an optical equipment that transfers a mechanically selectable narrow band of wavelengths of light or other radiation chosen from a wider range of wavelengths available at the input. A monochromator produces monochromatic light by removing unwanted wavelengths from the source light beam. A device that can produce monochromatic light has many uses in science and in optics because many optical characteristics of a material are dependent on wavelength. Numerous monochromator models that are available as spectroradiometers, with integrated detection electronics in order to offer a complete measurement solution.
Monochromator market is mainly driven by various essential benefits offered by monochromator such as combination of flexibility with sensitivity through optimized stray light reduction, excellent sensitivity, multiplexing capability and high format flexibility. The demand for monochromator-based Infinite micro plate readers is rapidly increasing as it do not require any absorbance or fluorescence filters and offer freedom of wavelength selection, convenience, thereby boosting the growth of the global monochromator market. This solution also provides a cost effective solution when a broad variety of frequently changing applications are covered. Mo nochromator offers more light to the sample and the detector, hence, the penetration of various types of monochromator is increasing in applications where light is the main concern. Monochromators feature an improved spectral blocking and stray light reduction and increases the speed of fluorescence scans compared with micro plate readers combining two monochromators with cut-off filters. Monochromators can also be used to provide tunable narrow-bandwidth light in situations where a tunable laser is too expensive or impractical. Due to various advantaged offered by monochromators is expected to propel the global monochromator market growth throughout the forecast period and also create an immense opportunities in the coming future. However, high cost associated with the monochromator models may restrict the growth of the global monochromator market during the forecast time frame.
The global monochromator market can be segmented on the basis of scale type, grating and geography. In terms of type, the global monochromator market can be bifurcated into single monochromator and double monochromator. Double monochromator segment is anticipated to grow at highest growth rate during the forecast period owing to the growing adoption of double monochromator in order to achieve a higher level of blocking. On the basis of grating, the global monochromator market can be segmented into multiple grating monochromator and single grating monochromator. Multiple grating monochromator segment is anticipated to dominate the overall monochromator market during the forecast period. A multiple-grating monochromator enables the performance of a spectral measurement over a great range where multiple gratings are needed. On the other hand, a single grating monochromator may be used with the measurement being carried out in two or more parts. In terms of application, the global monochromator market is segmented into spectroscopy and spectrophotometry. Spectroscopy segment is anticipated to grow at highest rate throughput the forecast period. Geographically, the global monochromator market is divided into North America, Europe, Asia Pacific, Middle East and Africa and South America. Asia Pacific is anticipated to grow at highest growth rate throughout the forecast period due to the wide availability of various monochromators and growing adoption of spectroscopy. Furthermore, growing adoption of light measuring equipment and technology and increasing technological advancements across different industry verticals is also propelling the regional market growth.
The global monochromator market includes large number of players. Some of the key players are Horiba Scientific Instrument, APE Angewandte Physik und Elektronik GmbH, Optometrics Corporation, Princeton Instruments, Newport Corporation, Shimadzu Corporation, UltraFast Innovations GmbH, Bentham Instruments, Ltd., LOT-QuantumDesign GmbH and Headwall Photonics.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold 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.