Global calorimeters market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 11% during the forecast period.
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Calorimeter is an object, or a device used to measure the heat developed during chemical, electrical or mechanical reaction and is also used to calculate the heat capacity of materials. These devices are widely used in calorimetry science, which is the process of measuring specific heat capacity or enthalpy for both physical changes and chemical reactions in a certain system.
A growing use of calorimeter device for the study and research of chemistry, biochemistry and thermodynamics is major driving factor behind the growth of the market. The continuous advancements and developments in the instrumentation field, huge availability of specialized and advanced calorimeter in the market, rising demand for calorimeter from the industry professionals and academic researchers, escalating investments in the chemical and biochemical research sector and surge in the adoption advanced calorimeters in aerospace, automotive, nanotechnology, biomedical and biochemical, pharmaceutical and geology industries are expected to improve growth of the market during the forecast period.
However, the possibility of errors in measurements and high initial cost of the calorimeter are the major restraining factors that could hinder the growth of the market.
Global Calorimeters Market: Segmentation Analysis
By type, bomb calorimeter segment dominated the market in 2019 and is expected to keep its dominance at a CAGR of XX% during the forecast period. A bomb calorimeter is one of the most common and widespread types of constant-volume calorimeter which is generally used to measure combustion heat of a particular reaction. These calorimeters are usually tough and made of steel and they mostly make use of an oxygenated atmosphere for combustion purposes. Also, these calorimeters have capability to resist the explosive effects of both the exothermic release and the induced pressure during the reaction process, which make them the most ideal choice of variety of applications.
Alternatively, isothermal titration calorimeter segment is projected to witness fast growth at a CAGR of XX% during the forecast period. An increasing significance of these calorimeters in the field of biochemistry and pharmaceutical industry is expected to propel growth of the market during the forecast period.
By industry, biochemistry segment is projected to witness fast growth at a CAGR of XX% during the forecast period. From the past few years, the calorimetry technique is playing the most important historical role in the expansion of the chemical systems and is one of the oldest techniques in chemistry field. The surge in the adoption of calorimeters in biochemistry applications as it can facilitate purpose of substrate required for enzymes is accredited to the growth of the market.
Global Calorimeters Market: Regional Analysis
Region-wise, North America dominated the market in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The US and Canada are the major contributors behind the growth of the market in the region. The growth is attributed to the high adoption of calorimeters in chemical and medical applications.
Growing demand for bomb and differential scanning calorimeters for various applications, rising significance of calorimeters in waste-water analyzing equipment and processes and increasing need to measure heat capacity of materials in various industries are driving the growth of the market in NA region.
The objective of the report is to present a comprehensive analysis of the Global Calorimeters Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Calorimeters Market dynamics, structure by analyzing the market segments and projects the Global Calorimeters Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Calorimeters Market make the report investor’s guide.
The Scope of Global Calorimeters Market
Global Calorimeters Market, By Type• Adiabatic Calorimeters
• Reaction Calorimeters
• Bomb Calorimeters
• Combustion of Non-Flammables
• Calvet-Type Calorimeters
• Constant-Pressure Calorimeter
• Differential Scanning Calorimeter
• Isothermal Titration Calorimeter
Global Calorimeters Market, By Industry• Power Industry
• Coal & Petrochemical
Global Calorimeters Market, By Region• North America
• Asia Pacific
• South America
• Middle East and Africa
Global Calorimeters Market, Key Players
• Hanna Instruments, Inc
• TA Instruments
• METTLER TOLEDO
• Shimadzu Corporation
• Setaram Instrumentation
• Parr Instrument Company
• NETZSCH Instruments, Inc
• Yokogawa Electric Corporation
• Malvern Panalytical Ltd
• Swan Analytische Instrumente AG
• Columbus Instruments
• Hitachi High-Technologies
• MGC Diagnostics
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