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Instruments Market Is Projected to Reach $170 Million by 2003

Photonics Spectra
Dec 1998
As spectroscopy moves out of the scientific laboratory and onto the manufacturing floor, analysts predict the overall instruments market will continue to grow -- at an average annual rate of 4.1 percent during the next five years. The projection came from a recently published report from market monitor Business Communications Co. Inc. in Norwalk, Conn.

The leading category for growth will be in UV and visible instruments, including spectrophotometers and spectrometers. Near-IR analyzers will continue to play an important role within the process industry, especially in chemical, food and pharmaceutical applications. Fourier transform devices will grow at a 3.3 percent rate driven by technological advances, the company predicted.



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