Isotope analysis is the identification of isotopic signature, the abundance of certain stable isotopes and chemical elements within organic and inorganic compounds.
Global Stable Isotope Analyzer market was valued at US$ 60.1 million in 2020. Although the market is small, due to its wide application in various industries, Stable Isotope Analyzer market is estimate to grow with 8.4% during the period of 2021 to 2027 and will reach to US$ 107.3 million by 2027.
Stable isotope analyzer has wide range of applications, such as environmental sciences, food analysis, medical and industrial. Environmental sciences segment was the most widely used area which took up about 78% share globally in 2020. In environmental sciences field, water circulation, greenhouse gases, biological tracking, etc. have to depend on Stable Isotope Analyzer.
Global Stable Isotope Analyzer Market- Key Players
The technical barriers of Stable Isotope Analyzer are relatively high, resulting in high level concentration degree. The key companies in Stable Isotope Analyzer market are Picarro, Los Gatos Research, Thermo Fisher Scientific, Elementar, Sercon and Nu Instruments. The enterprises are concentrated in Europe and USA. In 2020, Picarro, Los Gatos Research, Thermo Fisher Scientific, Elementar, AMETEK (Nu) are top 5 players and took 87% share globally.
Global Stable Isotope Analyzer Market: Type Analysis
Stable isotope analyzer is mainly classified into the following types: Stable IRMS, Laser-based Type. Laser-based Type is the most widely used type which takes up about 2/3 of the global sales market in 2020, but the IRMS product has higher price level, so on the revenue side, the IRMS product hold about 57% market share of global revenue market size..
Stable IRMS can usually analyze multiple elements at the same time, but the speed of analyzing samples is slower and the price is more expensive. While, Laser-based Type is relatively small in size, its analysis accuracy is comparable to that of IRMS products, the price is relatively cheap, and the speed of processing samples is also fast, but usually only one substance can be analyzed at a time.
USA, Canada, Germany, UK etc. are now the key producers of stable isotope analyzer. APAC is the largest region of stable isotope analyzer in the world in the past few years and it will keep increasing in the next few years. APAC market took up about 42% the global market in 2020, while Europe and North America were about 30%, 26% respectively.
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