Market Overview:
The global electronic balances market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market is segmented by type, application, and region. By type, the market is segmented into maximum weight capacity ≤ 5g, maximum weight capacity: 5-50g, maximum weight capacity: 50-200g, and maximum weight capacity ≥ 200g. Maximum weight capacities are used in various applications such as pharmaceutical research, scientific research, industrial use cases such as weighing raw materials or finished products before dispatch or during production processes; food research for quality control purposes in food processing plants; educational research for laboratory experiments; and others including meteorology and environmental testing laboratories. North America dominates the global electronic balances market with a share of 36%, followed by Europe with a share of 31%.
Product Definition:
An electronic balance is a scientific instrument used to measure the mass of an object by using the force of gravity to determine the weight. Electronic balances are important in many industries because they provide precise measurements for a variety of tasks, such as controlling the quality of products and ingredients.
Maximun Weight Capacity ≤ 5g:
The maximun weight capacity of an electronic balance is 5 grams. It's the maximum weight that can be placed on an electronic balance during a specific time interval and it's used to determine if the balance is broken or not. The most common way to test this limit is by using a variable resistance circuit (VRC).
This method works as follows: A certain amount of energy must be applied continuously for a set duration in order to keep the weighing mechanism moving.
Maximun Weight Capacity： 5-50g:
The maximun weight capacity of an electronic balance is 5-50g. It can weigh objects up to 0.1oz which is great for testing the ingredients in cosmetics, pills and capsules or even small amounts of powder like herbs and spices.
Application Insights:
The application segment includes pharmaceutical research, scientific research, industrial, food research, educational research and others. The other applications include personal care products testing and healthcare product testing. Pharmaceutical Research dominated the overall market in terms of revenue share in 2017 owing to a high number of drug discovery & development activities globally. A large number of players are involved in this process including academic institutions & biopharmaceutical companies with the participation from government-owned laboratories & institutes.
The balance is used for weighing various drugs such as antiretrovirals (ARVs), protease inhibitors (PIs), non-nucleoside reverse transcriptase inhibitors (NNRTIs).
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 demand for high-precision weighing instruments from various end-users such as pharmaceutical, food research, and others in order to weigh extremely small amounts of substances. Moreover, presence of major electronic balances manufacturers such as Honeywell International Inc.; Beckman Coulter; and Digital Science Corporation will also contribute towards growth of this regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the coming years owing to increasing number of contract agreements between Asian countries and western nations especially U.S., Canada, U.K.
Growth Factors:
- Increasing demand from pharmaceutical and biotechnology industries for accurate weight measurement of small samples.
- Growing popularity of laboratory balances with advanced features such as USB connectivity, data logging, and GLP compliance for research laboratories.
- Rising demand for high-precision balances in the jewelry and precious metals industry to measure the weight of gold, silver, platinum, and other precious metals with accuracy down to 0.0001 grams or milligrams range.
- Proliferation of e-commerce businesses that need reliable scales to accurately weigh goods before shipping them to customers across the globe 5 Increased focus on workplace safety and health by regulatory agencies that require electronic weighing devices in workplaces such as factories, construction sites etc., to ensure safe handling of materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Balances Market Research Report
By Type
Maximun Weight Capacity ≤ 5g, Maximun Weight Capacity： 5-50g, Maximun Weight Capacity: 50-200g, Maximun Weight Capacity ≥ 200g
By Application
Pharmaceutical Research, Scientific Research, Industrial, Food Research, Educational Research, Others
By Companies
A&D Company Ltd., Mettler-Toledo International Inc., Sartorius AG, Thermo Fisher Scientific Inc., Acculab Inc., Avery Weigh-Tronix Inc., Adam Equipment Co., BEL Engineering srl, Bonso Electronics Ltd., CAS Corp., A&D Company Ltd., Gram Precision S.L., Intelligent Weighing Technology Inc., Kern & Sohn GmbH, Ohaus Corp., Precisa Gravimetrics AG, RADW AG, Scientech Technologies Pvt. Ltd., Setra Systems Inc.
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Balances Market Report Segments:
The global Electronic Balances market is segmented on the basis of:
Types
Maximun Weight Capacity ≤ 5g, Maximun Weight Capacity： 5-50g, Maximun Weight Capacity: 50-200g, Maximun Weight Capacity ≥ 200g
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
Pharmaceutical Research, Scientific Research, Industrial, Food Research, Educational Research, 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:
- A&D Company Ltd.
- Mettler-Toledo International Inc.
- Sartorius AG
- Thermo Fisher Scientific Inc.
- Acculab Inc.
- Avery Weigh-Tronix Inc.
- Adam Equipment Co.
- BEL Engineering srl
- Bonso Electronics Ltd.
- CAS Corp.
- A&D Company Ltd.
- Gram Precision S.L.
- Intelligent Weighing Technology Inc.
- Kern & Sohn GmbH
- Ohaus Corp.
- Precisa Gravimetrics AG
- RADW AG
- Scientech Technologies Pvt. Ltd.
- Setra Systems Inc.
Highlights of The Electronic 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:
- Maximun Weight Capacity ≤ 5g
- Maximun Weight Capacity： 5-50g
- Maximun Weight Capacity: 50-200g
- Maximun Weight Capacity ≥ 200g
- By Application:
- Pharmaceutical Research
- Scientific Research
- Industrial
- Food Research
- Educational Research
- 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 Electronic 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
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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?
Electronic balances are electronic devices that measure weight or balance.
Some of the major companies in the electronic balances market are A&D Company Ltd., Mettler-Toledo International Inc., Sartorius AG, Thermo Fisher Scientific Inc., Acculab Inc., Avery Weigh-Tronix Inc., Adam Equipment Co., BEL Engineering srl, Bonso Electronics Ltd., CAS Corp., A&D Company Ltd., Gram Precision S.L., Intelligent Weighing Technology Inc., Kern & Sohn GmbH, Ohaus Corp., Precisa Gravimetrics AG, RADW AG, Scientech Technologies Pvt. Ltd., Setra Systems Inc..
The electronic 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 Electronic 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 Electronic Balances Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronic 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 Electronic 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 Electronic Balances Market Size & Forecast, 2020-2028
4.5.1 Electronic Balances Market Size and Y-o-Y Growth
4.5.2 Electronic 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 Maximun Weight Capacity ≤ 5g
5.2.2 Maximun Weight Capacity： 5-50g
5.2.3 Maximun Weight Capacity: 50-200g
5.2.4 Maximun Weight Capacity ≥ 200g
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 Pharmaceutical Research
6.2.2 Scientific Research
6.2.3 Industrial
6.2.4 Food Research
6.2.5 Educational Research
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic 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 Electronic 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 Maximun Weight Capacity ≤ 5g
9.6.2 Maximun Weight Capacity： 5-50g
9.6.3 Maximun Weight Capacity: 50-200g
9.6.4 Maximun Weight Capacity ≥ 200g
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 Pharmaceutical Research
9.10.2 Scientific Research
9.10.3 Industrial
9.10.4 Food Research
9.10.5 Educational Research
9.10.6 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 Maximun Weight Capacity ≤ 5g
10.6.2 Maximun Weight Capacity： 5-50g
10.6.3 Maximun Weight Capacity: 50-200g
10.6.4 Maximun Weight Capacity ≥ 200g
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 Pharmaceutical Research
10.10.2 Scientific Research
10.10.3 Industrial
10.10.4 Food Research
10.10.5 Educational Research
10.10.6 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 Maximun Weight Capacity ≤ 5g
11.6.2 Maximun Weight Capacity： 5-50g
11.6.3 Maximun Weight Capacity: 50-200g
11.6.4 Maximun Weight Capacity ≥ 200g
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 Pharmaceutical Research
11.10.2 Scientific Research
11.10.3 Industrial
11.10.4 Food Research
11.10.5 Educational Research
11.10.6 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 Maximun Weight Capacity ≤ 5g
12.6.2 Maximun Weight Capacity： 5-50g
12.6.3 Maximun Weight Capacity: 50-200g
12.6.4 Maximun Weight Capacity ≥ 200g
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 Pharmaceutical Research
12.10.2 Scientific Research
12.10.3 Industrial
12.10.4 Food Research
12.10.5 Educational Research
12.10.6 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 Maximun Weight Capacity ≤ 5g
13.6.2 Maximun Weight Capacity： 5-50g
13.6.3 Maximun Weight Capacity: 50-200g
13.6.4 Maximun Weight Capacity ≥ 200g
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 Pharmaceutical Research
13.10.2 Scientific Research
13.10.3 Industrial
13.10.4 Food Research
13.10.5 Educational Research
13.10.6 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 Electronic Balances Market: Competitive Dashboard
14.2 Global Electronic Balances Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 A&D Company Ltd.
14.3.2 Mettler-Toledo International Inc.
14.3.3 Sartorius AG
14.3.4 Thermo Fisher Scientific Inc.
14.3.5 Acculab Inc.
14.3.6 Avery Weigh-Tronix Inc.
14.3.7 Adam Equipment Co.
14.3.8 BEL Engineering srl
14.3.9 Bonso Electronics Ltd.
14.3.10 CAS Corp.
14.3.11 A&D Company Ltd.
14.3.12 Gram Precision S.L.
14.3.13 Intelligent Weighing Technology Inc.
14.3.14 Kern & Sohn GmbH
14.3.15 Ohaus Corp.
14.3.16 Precisa Gravimetrics AG
14.3.17 RADW AG
14.3.18 Scientech Technologies Pvt. Ltd.
14.3.19 Setra Systems Inc.
