Lucintel Forecasts the Global Nitrogen Laser Market to Reach $0.6 billion by 2030
Lucintel Forecasts the Global Nitrogen Laser Market to Reach $0.6 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global nitrogen laser market looks promising with opportunities in the microelectronic, photosensitive material, pollution detection, medical and health, and agricultural breeding markets. The global nitrogen laser market is expected to reach an estimated $0.6 billion by 2030 from $0.3 billion in 2024, at a CAGR of 11.6% from 2024 to 2030. The major drivers for this market are growing research and development expenditure to develop new and innovative products, increasing number of conferences and exhibitions related to laser technology, and growth and expansion of small to medium-sized businesses (SMEs).
A more than 150-page report to understand trends, opportunity and forecast in nitrogen laser market to 2030 by type (hand-held laser and desk laser), application (microelectronics, photosensitive materials, pollution detection, medical and health, agricultural breeding, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that hand-held laser is expected to witness higher growth over the forecast period because it emits light through the use of semiconductor materials like crystals or LEDs, and it also consumes less power than other technologies, such as gas plasma and solid-state.
Through this market, microelectronics will remain the largest segment over the forecast period due to increasing demand for nitrogen lasers in the semiconductor fabrication and electronics industries, and growing adoption of these lasers in other applications like solar cell processing and data storage.
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North America will remain the largest region over the forecast period due to high consumption associated with semiconductor manufacturing and other related industries, as well as rising awareness pertaining to laser eye surgery procedures performed by physicians in this region.
HORIBA, PARKER, NiGen International, Praxair Technology, Chart Industries, Evergreen Laser Corporation, Holtec Gas Systems, TRUMPF, MSS Nitrogen, South-Tek System are the major suppliers in the nitrogen laser market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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