ICP-OES Spectrometer Global Market Report 2026

An ICP-OES (inductively coupled plasma optical emission spectrometer) is an analytical instrument used to detect and measure the concentration of elements in samples by ionizing them in high-temperature plasma and analyzing the light emitted at specific wavelengths, providing highly sensitive and accurate results for both metals and non-metals.

The main modalities of ICP-OES spectrometers include sequential and simultaneous systems. Sequential ICP-OES spectrometers are instruments that analyze individual elements one at a time using a single detector. The applications include nanotechnology, drug discovery, environmental testing, food and agriculture analysis, and others, and these systems are used by end users such as pharmaceutical and biotechnology companies, research institutions, academic organizations, and others.

Tariffs are impacting the ICP-OES spectrometer market by increasing costs of imported precision components, optical systems, and electronic modules used in instrument manufacturing. Sequential and simultaneous ICP-OES systems are most impacted, particularly in Asia-Pacific and Europe where cross-border trade of analytical instruments is high. These tariffs have led to higher instrument prices and longer procurement cycles for research and industrial users. However, they have also encouraged local manufacturing, regional sourcing of components, and innovation aimed at developing cost-efficient and locally assembled spectrometer solutions.

The icp-oes spectrometer market research report is one of a series of new reports from The Business Research Company that provides icp-oes spectrometer market statistics, including icp-oes spectrometer industry global market size, regional shares, competitors with a icp-oes spectrometer market share, detailed icp-oes spectrometer market segments, market trends and opportunities, and any further data you may need to thrive in the icp-oes spectrometer industry. This icp-oes spectrometer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The icp-oes spectrometer market size has grown strongly in recent years. It will grow from $1.32 billion in 2025 to $1.41 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to expansion of analytical chemistry applications, increasing need for elemental analysis in research, adoption of plasma-based spectrometry techniques, growth of academic and research laboratories, rising environmental monitoring requirements.

The icp-oes spectrometer market size is expected to see strong growth in the next few years. It will grow to $1.82 billion in 2030 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to advancements in spectrometer sensitivity and resolution, growing pharmaceutical and biotechnology research, increasing food safety and quality regulations, expansion of nanotechnology applications, rising investment in laboratory automation. Major trends in the forecast period include increasing demand for multi-element analysis, rising adoption of high-resolution and simultaneous ICP-OES systems, growing use in environmental and food safety testing, shift toward compact and benchtop spectrometers, enhanced focus on analytical accuracy and sensitivity.

The rapid expansion of the pharmaceutical and biotechnological industries is increasingly supporting the growth of the ICP-OES spectrometer market going forward. The pharmaceutical and biotechnological industries encompass sectors focused on the research, development, production, and commercialization of drugs, therapies, and medical products using chemical and biological processes. Their rapid expansion is driven by rising demand for innovative treatments, technological advancements, and increasing global healthcare needs. ICP-OES spectrometers are used within these industries to accurately detect and quantify trace metals and impurities in drugs, raw materials, and biological samples, ensuring adherence to safety and quality standards. For example, in June 2024, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based trade association, the health sector invested approximately $297.79 billion (€258 billion) in research and development in 2023, accounting for 20.5% of total global business R&D spending. Consequently, the continued expansion of the pharmaceutical and biotechnological industries is reinforcing demand for ICP-OES spectrometers.

The growing demand for industrial automation is expected to propel the growth of the ICP-OES spectrometer market going forward. Automation refers to the use of technology and systems to perform tasks with minimal human intervention, improving efficiency and accuracy. Demand for automation is increasing as industries seek to enhance productivity, reduce errors, and lower operational costs. ICP-OES spectrometers support industrial automation by enabling rapid, automated elemental analysis for real-time quality control. For example, in September 2024, according to the International Federation of Robotics, a Germany-based non-profit organization, industrial robot installations increased significantly, with the UK recording a 51% rise and the Americas exceeding 55,000 units in 2023. Therefore, rising automation adoption is driving ICP-OES spectrometer market growth.

Major companies operating in the ICP-OES spectrometer market are emphasizing the development of innovative solutions, such as semi-quantification analysis, to improve analytical efficiency, reduce sample preparation time, and deliver faster and more reliable elemental detection. Semi-quantification analysis is an analytical approach used to estimate element or compound concentrations when precise quantitative analysis is not required. For example, in April 2024, Thermo Fisher Scientific, a US-based medical technology company, launched the iCAP PRO XP ICP-OES with Semi-Quantification Analysis, a solution designed to enhance laboratory efficiency and throughput. This technology integrates advanced software algorithms with traditional ICP-OES instruments, allowing users to rapidly screen unknown samples, prioritize additional testing, and reduce reliance on extensive calibration standards. Applications include environmental monitoring, food safety testing, and chemical analysis, featuring automated multi-element screening, rapid results generation, and compatibility with existing ICP-OES workflows. The launch highlights the increasing role of software-driven innovation in analytical instrumentation.

Major companies operating in the icp-oes spectrometer market are Hitachi Ltd., Thermo Fisher Scientific Inc., DiethelmKellerSiberHegner, PerkinElmer Inc., MKS Instruments Inc., Shimadzu Corporation, Waters Corporation, Bruker Corporation, Horiba Ltd., Metrohm AG, Leco Corporation, PG Instruments Limited, Analytik Jena AG, Spectro Analytical Instruments GmbH, CEM Corporation, Teledyne Leeman Labs, Skyray Instrument Inc., ELTRA GmbH, GBC Scientific Equipment, Drawell

North America was the largest region in the ICP-OES spectrometer market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the icp-oes spectrometer market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the icp-oes spectrometer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The ICP-OES spectrometer market consists of sales of radial view ICP-OES spectrometers, axial view ICP-OES spectrometers, and dual view ICP-OES spectrometers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

ICP-OES Spectrometer Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses icp-oes spectrometer market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
• Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on end user analysis.
• Benchmark performance against key competitors based on market share, innovation, and brand strength.
• Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
• Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for icp-oes spectrometer ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The icp-oes spectrometer market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Modality: Sequential; Simultaneous
• 2) By Application: Nanotechnology; Drug Discovery; Environmental Testing; Food And Agriculture; Other Applications
• 3) By End User: Pharmaceutical And Biotechnology Companies; Research And Academic Institutes; Other End Users
• Subsegments:
• 1) By Sequential: Single-Element Sequential ICP-OES; Multi-Element Sequential ICP-OES; Portable Sequential ICP-OES
• 2) By Simultaneous: Benchtop Simultaneous ICP-OES; High-Resolution Simultaneous ICP-OES; Compact Simultaneous ICP-OES
• Companies Mentioned: Hitachi Ltd.; Thermo Fisher Scientific Inc.; DiethelmKellerSiberHegner; PerkinElmer Inc.; MKS Instruments Inc.; Shimadzu Corporation; Waters Corporation; Bruker Corporation; Horiba Ltd.; Metrohm AG; Leco Corporation; PG Instruments Limited; Analytik Jena AG; Spectro Analytical Instruments GmbH; CEM Corporation; Teledyne Leeman Labs; Skyray Instrument Inc.; ELTRA GmbH; GBC Scientific Equipment; Drawell
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: Word, PDF or Interactive Report
• + Excel Dashboard
• Added Benefits
• Bi-Annual Data Update
• Customisation
• Expert Consultant Support

Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.