Photometric Measuring Equipment Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 1.9 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
Looking ahead, the Photometric Measuring Equipment Market is expected to witness substantial growth from 2023 to 2033. This forecasted boom will be driven by the increasing focus on sustainability, as industries strive to meet stricter environmental standards and energy efficiency regulations. The continued evolution of the Internet of Things (IoT) and smart devices, where light and color accuracy play a crucial role in the overall product performance, will further drive the demand for photometric measuring equipment. Innovations like smart cities, where proper light intensity and color measurements are vital for public safety and energy savings, will expand the scope of photometric measurements.
The healthcare sector is also expected to be a major contributor, as photometric measurement tools are increasingly used in medical devices, particularly those designed for diagnostics and treatments that involve light-based technologies such as phototherapy. Furthermore, developments in the entertainment and media industry, where lighting effects are a key aspect, will increase the demand for high-precision photometric instruments.
The growing adoption of electric vehicles, with a focus on energy efficiency and innovative lighting systems, will be another driving factor. With increasing research and development efforts, the photometric measuring equipment market will diversify to accommodate more specialized applications across various industries. The integration of AI and machine learning will enhance the accuracy and ease of using photometric devices, making them more accessible to industries worldwide.
Get an In-Depth Research Analysis of the Global Photometric Measuring Equipment Market Size And Forecast [2025-2032]
The Photometric Measuring Equipment Market has experienced a significant evolution from 2018 to 2022. During this period, demand for precision measurement instruments, such as light meters, colorimeters, and spectrometers, witnessed a steady rise driven by industries that rely on accurate light intensity and color measurements. The expansion of industries such as automotive, healthcare, agriculture, and manufacturing contributed to this growth, particularly with the advancement in lighting technologies and the growing emphasis on energy-efficient solutions.
Demand for photometric measuring equipment surged in sectors like LED lighting, where precise light quality and energy-saving metrics were crucial. Regulatory changes that aimed at improving energy efficiency further spurred the market's growth. Additionally, technological advancements, such as the development of more compact and user-friendly equipment, enabled companies to conduct better lighting assessments across multiple industries. Between 2018 and 2022, the market maintained a stable growth trajectory, supported by rising awareness of environmental standards and the growing need for accurate data for product development and compliance purposes.
Spectronics
Topcon
OAI
Sentry
ORC
Delta Ohm
Solartech
Ushio
Lutron
Fortive (Fluke)
Honle
Hamamatsu
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Photometric Measuring Equipment Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Photometric Measuring Equipment Market
Scientific Research
Manufacturing
Others
Based on Types the Market is categorized into Below types that held the largest Photometric Measuring Equipment market share In 2023.
UV-A
UV-B
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Photometric Measuring Equipment Market Research Analysis
1. Introduction of the Global Photometric Measuring Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Photometric Measuring Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Photometric Measuring Equipment Market, By Type
6. Global Photometric Measuring Equipment Market, By Application
7. Global Photometric Measuring Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Photometric Measuring Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/