Market Overview:
The global balance enclosures market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for balance enclosures in various applications such as chemical industry, pharmaceutical industry, scientific research and education. Additionally, the growing awareness about safety and security is also propelling the growth of this market. However, high installation and maintenance cost may restrain the growth of this market during the forecast period. On basis of type, remote blower required segment is expected to hold major share in global balance enclosures market during forecast period owing to its features such as low noise level and easy installation process.
Product Definition:
Balance enclosures are a type of enclosure used to provide an equal distribution of sound pressure throughout a room. This is important in order to achieve consistent sound quality and minimize echo or reverberation. Balance enclosures can be either passive or active, depending on the type of speaker they contain. Passive balance enclosures use absorptive materials to control the reflections, while active balance enclosures use electronic signal processing to achieve the same goal.
Remote Blower Required:
The global remote blower required market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to the increasing adoption of these systems for balance enclosures manufacturing, which is leading to an increase in their demand across various industry verticals including construction, automotive, electronics & semiconductors and others.
Integrated Blower:
The integrated blower is a device used to blow air into balance enclosures. It helps in maintaining the desired indoor conditions by removing unwanted odors and smoke particles from the appliance. The integrated blower has an advantage over separate exhausts as it can be used for multiple appliances at a time without any interference with each other’s operation.
Integrated Blowers are available in different configurations.
Application Insights:
The balance enclosures for the chemical industry accounted for the largest revenue share in 2016. This is owing to various factors such as rising demand from various end-use industries, growing investments by governments in R&D and industrial infrastructure, and technological advancements that have positively impacted the performance of these systems.
Balance enclosures are used extensively across all stages of pharmaceutical production including laboratories, manufacturing plants, warehouses & distribution centers. They are also used in educational institutions for experiments involving flammable or explosive materials due to their safety features. The enclosure prevents accidental ignitions by providing a negative pressure environment around the flame/lamp within it which forces air outwards thus preventing an overpressure situation inside it.
Regional Analysis:
Asia Pacific balance enclosures market is expected to grow at the highest CAGR of XX% over the forecast period, owing to rapid industrialization and growth in GDP per capita. In addition, increasing foreign direct investments coupled with favorable government policies are anticipated to drive regional market growth over the forecast period.
North America balance enclosures market accounted for a revenue share of 23.2% in 2017 on account of high product demand from chemical industry and pharmaceutical industry as well as strong presence of global players operating in this region.
Europe balance enclosur esmarket was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for data storage: The global data storage market is expected to grow at a CAGR of 16.5% from 2016 to 2020, reaching USD 74.9 billion by 2020. This is primarily attributed to the increasing volume of digital data being generated and stored every day due to the proliferation of connected devices and cloud-based services.
- Growing demand for cleanrooms: The global cleanroom market is expected to grow at a CAGR of 10% from 2016 to 2021, reaching USD 26.8 billion by 2021. This growth can be attributed to the increasing number of pharmaceutical and biotechnology companies, as well as medical device manufacturers, that are adopting cleanrooms for their production processes in order to meet regulatory compliance standards
Scope Of The Report
Report Attributes
Report Details
Report Title
Balance Enclosures Market Research Report
By Type
Remote Blower Required, Integrated Blower
By Application
Chemical Industry, Pharmaceutical Industry, Scientific Research, Education
By Companies
Erlab, ESCO Global, Labconco, Air Science, Sartorius, Solotec Scientific, Topair Systems, Bigneat, Plas-Labs
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Balance Enclosures Market Report Segments:
The global Balance Enclosures market is segmented on the basis of:
Types
Remote Blower Required, Integrated Blower
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical Industry, Pharmaceutical Industry, Scientific Research, Education
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Erlab
- ESCO Global
- Labconco
- Air Science
- Sartorius
- Solotec Scientific
- Topair Systems
- Bigneat
- Plas-Labs
Highlights of The Balance Enclosures Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Remote Blower Required
- Integrated Blower
- By Application:
- Chemical Industry
- Pharmaceutical Industry
- Scientific Research
- Education
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Balance Enclosures Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Balance enclosures are a type of energy efficiency product that help to improve the overall balance of an electrical system. They work by absorbing and dissipating excess energy, which can help to reduce the amount of electricity used in an area.
Some of the key players operating in the balance enclosures market are Erlab, ESCO Global, Labconco, Air Science, Sartorius, Solotec Scientific, Topair Systems, Bigneat, Plas-Labs.
The balance enclosures market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Balance Enclosures Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Balance Enclosures Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Balance Enclosures Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Balance Enclosures Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Balance Enclosures Market Size & Forecast, 2020-2028 4.5.1 Balance Enclosures Market Size and Y-o-Y Growth 4.5.2 Balance Enclosures Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Remote Blower Required
5.2.2 Integrated Blower
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical Industry
6.2.2 Pharmaceutical Industry
6.2.3 Scientific Research
6.2.4 Education
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Balance Enclosures Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Balance Enclosures Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Remote Blower Required
9.6.2 Integrated Blower
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical Industry
9.10.2 Pharmaceutical Industry
9.10.3 Scientific Research
9.10.4 Education
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Remote Blower Required
10.6.2 Integrated Blower
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical Industry
10.10.2 Pharmaceutical Industry
10.10.3 Scientific Research
10.10.4 Education
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Remote Blower Required
11.6.2 Integrated Blower
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical Industry
11.10.2 Pharmaceutical Industry
11.10.3 Scientific Research
11.10.4 Education
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Remote Blower Required
12.6.2 Integrated Blower
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical Industry
12.10.2 Pharmaceutical Industry
12.10.3 Scientific Research
12.10.4 Education
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Remote Blower Required
13.6.2 Integrated Blower
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical Industry
13.10.2 Pharmaceutical Industry
13.10.3 Scientific Research
13.10.4 Education
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Balance Enclosures Market: Competitive Dashboard
14.2 Global Balance Enclosures Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Erlab
14.3.2 ESCO Global
14.3.3 Labconco
14.3.4 Air Science
14.3.5 Sartorius
14.3.6 Solotec Scientific
14.3.7 Topair Systems
14.3.8 Bigneat
14.3.9 Plas-Labs