Market Overview:
The global beam balances market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for beam balances in research centers, schools, hospitals, and other applications. Additionally, the growing demand for precision measurement equipment is also contributing to the growth of this market.
Product Definition:
A beam balance is a simple type of balance, consisting of a beam with two unequal weights at opposite ends. When the beam is in equilibrium, the two weights are equal. Beam balances are used to measure mass.
Double Beam Balances:
Double beam balance is a device used for weighing objects that are supported by two beams. It's major applications include industries like food & beverages, pharmaceuticals, chemicals and petroleum. The factors that propel the growth of this market include growing demand for accuracy in weighing processes coupled with increasing awareness regarding the benefits of double beam balances over single beam ones.
The global double beam balance market size was valued at USD 1,867.1 million in 2016.
Triple Beam Balances:
Triple beam balance is a type of electronic instrument used for weighing objects. It consists of three pans, each with a separate weight, which can be moved by an independent lever. The pans are balanced so that all the weights point to zero in order to keep the balance level.
The beam on which the pan balances is connected by a hinge and can be elevated or lowered as per requirement in order to make outloading or unloading easy.
Application Insights:
The market is segmented by application into research centers, schools, hospitals and others. The schools segment dominated the overall market in terms of revenue share in 2017. Beam balances are used to measure the mass of objects as well as to perform other functions such as angle measurement for students during lessons at school or college levels. These devices help reduce subjectivity while providing an objective assessment of student progress and academic performance.
Research centers are expected to be one of the fastest-growing segments over the forecast period owing to increasing R&D activities at a global level coupled with rising investments in science & technology across various countries worldwide including China, Japan, India and Australia among others which further helps propel growth globally over next few years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D activities and technological advancements in healthcare & science, which has led to an increase in demand for high-precision equipment such as beam balances. Moreover, growing nuclear power generation and oil & gas industries are also anticipated to drive regional growth over the next eight years.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to rising medical tourism in emerging economies of India, China, Malaysia and Thailand among others due to affordable treatment options coupled with advanced healthcare infrastructure & services offered by these countries. In addition, rapidly developing pharmaceuticals sector along with increasing R&D activities are projected boost product demand across this region during the same period (2018 - 2030).
Growth Factors:
- Increasing demand from pharmaceutical and biotechnology industries for beam balances to accurately weigh small quantities of material.
- Growing popularity of beam balances in research laboratories for precise measurement of weight in the sub-milligram range.
- Rising demand from educational institutions for laboratory equipment that can help students learn about the principles of mass and weight measurement.
- Technological advancements that have led to the development of more sophisticated and user-friendly beam balance models.
Scope Of The Report
Report Attributes
Report Details
Report Title
Beam Balances Market Research Report
By Type
Double Beam Balances, Triple Beam Balances
By Application
Research Centers, Schools, Hospitals, Others
By Companies
Ohaus, Labtron Equipment Ltd., Adam Equipment, Walter Products, FLINN, Carolina, Biotek Engineers, Westlab
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Beam Balances Market Report Segments:
The global Beam Balances market is segmented on the basis of:
Types
Double Beam Balances, Triple Beam Balances
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
Research Centers, Schools, Hospitals, Others
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:
- Ohaus
- Labtron Equipment Ltd.
- Adam Equipment
- Walter Products
- FLINN
- Carolina
- Biotek Engineers
- Westlab
Highlights of The Beam Balances 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:
- Double Beam Balances
- Triple Beam Balances
- By Application:
- Research Centers
- Schools
- Hospitals
- Others
- 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 Beam Balances 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?
Beam balances are a type of instrument used to measure the weight and balance of an object.
Some of the major players in the beam balances market are Ohaus, Labtron Equipment Ltd., Adam Equipment, Walter Products, FLINN, Carolina, Biotek Engineers, Westlab.
The beam balances 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 Beam Balances 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 Beam Balances Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Beam Balances 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 Beam Balances 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 Beam Balances Market Size & Forecast, 2020-2028
4.5.1 Beam Balances Market Size and Y-o-Y Growth
4.5.2 Beam Balances 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 Double Beam Balances
5.2.2 Triple Beam Balances
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 Research Centers
6.2.2 Schools
6.2.3 Hospitals
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Beam Balances 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 Beam Balances 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 Double Beam Balances
9.6.2 Triple Beam Balances
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 Research Centers
9.10.2 Schools
9.10.3 Hospitals
9.10.4 Others
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 Double Beam Balances
10.6.2 Triple Beam Balances
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 Research Centers
10.10.2 Schools
10.10.3 Hospitals
10.10.4 Others
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 Double Beam Balances
11.6.2 Triple Beam Balances
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 Research Centers
11.10.2 Schools
11.10.3 Hospitals
11.10.4 Others
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 Double Beam Balances
12.6.2 Triple Beam Balances
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 Research Centers
12.10.2 Schools
12.10.3 Hospitals
12.10.4 Others
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 Double Beam Balances
13.6.2 Triple Beam Balances
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 Research Centers
13.10.2 Schools
13.10.3 Hospitals
13.10.4 Others
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 Beam Balances Market: Competitive Dashboard
14.2 Global Beam Balances Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ohaus
14.3.2 Labtron Equipment Ltd.
14.3.3 Adam Equipment
14.3.4 Walter Products
14.3.5 FLINN
14.3.6 Carolina
14.3.7 Biotek Engineers
14.3.8 Westlab
