Thermo Fisher Scientific, Inc., Agilent Technologies, Perkinelmer, Inc., Bruker Corporation, and Rigaku Corporation are the Leading Players in the Atomic Spectroscopy Market.
The global atomic spectroscopy market is dominated by five major players that account for approximately 59% of the market. These players include Thermo Fisher Scientific, Inc. (U.S.), Agilent Technologies (U.S), PerkinElmer, Inc. (U.S.), Bruker Corporation (U.S.), and Rigaku Corporation (Japan).
The leadership position of Thermo Fisher Scientific in the atomic spectroscopy market is attributed to its aggressive expansion strategy, comprehensive product portfolio, and new product launch strategy. Thermo Fisher Scientific recognizes expansion in emerging nations as a key driver for its growth. In November 2012, Thermo Fisher opened a new manufacturing facility in Suzhou, China. This new facility helped the firm to increase its global manufacturing footprint and accelerate its growth in the Asia-Pacific region. The wide range of products offered by the company enables it to cater to all markets and applications in the industry. Launching new products is another strategy implemented by Thermo Fisher to retain its leadership position in the atomic spectroscopy market. Thermo Fisher makes significant investments on the development of innovative products. In June 2012, Thermo Fisher Scientific, Inc. introduced an X-Ray Fluorescence spectrometer named ARL PERFORM’X for advanced material characterization
Agilent Technologies is another leading player in the atomic spectroscopy market. Agilent’s leading position in the market can be attributed to the various growth strategies adopted by the company, such as new product launches and expansion. In 2013, the company launched the 7900 ICP-MS and 4200 MP-AES. These launches aided the company in expanding its product portfolio in the spectroscopy market and in acquiring new customers. The 2010 acquisition of Varian Inc.’s atomic spectroscopy business strengthened Agilent’s product portfolio in the atomic spectroscopy segment. Furthermore, Agilent hosts a number of symposia to educate customers about its new products. Thus, companies are investing efforts and resources in various strategies such as growth strategies such as new product launches, and expansions to gain a competitive advantage in the atomic spectroscopy market.
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