Market Overview:
The global electronic laboratory balance 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 electronic laboratory balances in various end-use applications, such as industrial machinery, motor vehicles, HVAC equipment, aerospace & transportation, and household appliances. In addition, the growing demand for electronic laboratory balances from other commercial applications is also contributing to the growth of this market.
Product Definition:
An electronic laboratory balance is an instrument used to measure the mass of a sample. It uses a sensitive balance beam and a digital display to indicate the weight of the sample. Electronic laboratory balances are important for accurately measuring the mass of samples in scientific research and laboratories.
9V & below:
9V & below, it's usage and growth factor in Electronic Laboratory Balance market? 9V battery is the standard size for balance type devices. It has a capacity of 1.5 VDC to 1.8 VDC (1S) or 2 VDC to 3 VDC (2S).
10V-20V:
The 10V-20V is a range of voltage used in electronic laboratory balance. It is also known as voltmeter or Voltmeter. The normal working voltage of the ELC includes 12 V to 20 V, which means that it can measure current up to 0.1 A and voltage ranging from 0 - 1000VDC (0 - 1 kV).
Application Insights:
The industrial machinery segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for high precision weighing solutions in various industries including chemical, metallurgical, mining and quarrying, automotive and transportation among others.
The motor vehicle industry is one of the fastest growing industries globally due to technological advancements coupled with rising consumer disposable income levels which has resulted in an increased number of vehicles being manufactured annually worldwide. This trend is expected to continue over the forecast period thus driving product demand from 2018 to 2030 further. In addition, stringent regulations regarding accuracy & weight measurement imposed by regulatory authorities are anticipated to boost laboratory balances used across multiple applications such as HVAC equipment manufacturing process control., Furthermore, balance systems are widely used across several other commercial applications such as food & beverage processing where precise weighing solutions help manufacturers achieve higher output quality while reducing production costs significantly.
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 high adoption of technologically advanced products in this region. Asia Pacific is anticipated to witness significant growth over the coming years owing to rising demand for electronic laboratory balances from several end-use industries, such as industrial machinery, motor vehicle, aerospace & defense and household appliances among others.
The Latin American market for electronic laboratory balance is projected to grow at a lucrative rate over the forecast period owing to factors such as economic development.
Growth Factors:
- Increasing demand for laboratory balances from the pharmaceutical and biotechnology industries due to the need for accurate and precise weight measurements.
- Growing demand for laboratory balances in academic research institutions to carry out basic research and drug discovery studies.
- Rising popularity of automated weighing systems that offer enhanced accuracy, precision, and speed in measurement operations. This is expected to boost the adoption of electronic laboratory balances across various end-use industries.
- Proliferation of counterfeit products in several global markets is driving the demand for high-quality laboratory balances with advanced features such as authentication sensors and self-diagnostic capabilities.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Laboratory Balance Market Research Report
By Type
9V & below, 10V-20V, 21V-60V, 60V and above
By Application
Industrial Machinery, Motor Vehicle, HVAC Equipment, Aerospace & Transportation, Household Appliances, Other Commercial Applications
By Companies
ABB, AMETEK, Aquion Energy, Emerson Electric Co., Johnson Electric Holdings Limited, Siemens AG, Rockwell Automation, TECO-Westinghouse Motor Company, Toshiba Corp, General Electric Company, Denso Corp, Weg SA, Robert Bosch GmbH, Hitachi, Nidec Corporation
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
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Laboratory Balance Market Report Segments:
The global Electronic Laboratory Balance market is segmented on the basis of:
Types
9V & below, 10V-20V, 21V-60V, 60V and above
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
Industrial Machinery, Motor Vehicle, HVAC Equipment, Aerospace & Transportation, Household Appliances, Other Commercial Applications
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:
- ABB
- AMETEK
- Aquion Energy
- Emerson Electric Co.
- Johnson Electric Holdings Limited
- Siemens AG
- Rockwell Automation
- TECO-Westinghouse Motor Company
- Toshiba Corp
- General Electric Company
- Denso Corp
- Weg SA
- Robert Bosch GmbH
- Hitachi
- Nidec Corporation
Highlights of The Electronic Laboratory Balance 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:
- 9V & below
- 10V-20V
- 21V-60V
- 60V and above
- By Application:
- Industrial Machinery
- Motor Vehicle
- HVAC Equipment
- Aerospace & Transportation
- Household Appliances
- Other Commercial Applications
- 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 Laboratory Balance 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.
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- 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?
An electronic laboratory balance is a device used in laboratories to measure weight.
Some of the major companies in the electronic laboratory balance market are ABB, AMETEK, Aquion Energy, Emerson Electric Co., Johnson Electric Holdings Limited, Siemens AG, Rockwell Automation, TECO-Westinghouse Motor Company, Toshiba Corp, General Electric Company, Denso Corp, Weg SA, Robert Bosch GmbH, Hitachi, Nidec Corporation.
The electronic laboratory balance 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 Laboratory Balance 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 Laboratory Balance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronic Laboratory Balance 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 Laboratory Balance 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 Laboratory Balance Market Size & Forecast, 2020-2028
4.5.1 Electronic Laboratory Balance Market Size and Y-o-Y Growth
4.5.2 Electronic Laboratory Balance 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 9V & below
5.2.2 10V-20V
5.2.3 21V-60V
5.2.4 60V and above
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 Industrial Machinery
6.2.2 Motor Vehicle
6.2.3 HVAC Equipment
6.2.4 Aerospace & Transportation
6.2.5 Household Appliances
6.2.6 Other Commercial Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic Laboratory Balance 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 Laboratory Balance 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 9V & below
9.6.2 10V-20V
9.6.3 21V-60V
9.6.4 60V and above
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 Industrial Machinery
9.10.2 Motor Vehicle
9.10.3 HVAC Equipment
9.10.4 Aerospace & Transportation
9.10.5 Household Appliances
9.10.6 Other Commercial Applications
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 9V & below
10.6.2 10V-20V
10.6.3 21V-60V
10.6.4 60V and above
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 Industrial Machinery
10.10.2 Motor Vehicle
10.10.3 HVAC Equipment
10.10.4 Aerospace & Transportation
10.10.5 Household Appliances
10.10.6 Other Commercial Applications
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 9V & below
11.6.2 10V-20V
11.6.3 21V-60V
11.6.4 60V and above
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 Industrial Machinery
11.10.2 Motor Vehicle
11.10.3 HVAC Equipment
11.10.4 Aerospace & Transportation
11.10.5 Household Appliances
11.10.6 Other Commercial Applications
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 9V & below
12.6.2 10V-20V
12.6.3 21V-60V
12.6.4 60V and above
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 Industrial Machinery
12.10.2 Motor Vehicle
12.10.3 HVAC Equipment
12.10.4 Aerospace & Transportation
12.10.5 Household Appliances
12.10.6 Other Commercial Applications
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 9V & below
13.6.2 10V-20V
13.6.3 21V-60V
13.6.4 60V and above
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 Industrial Machinery
13.10.2 Motor Vehicle
13.10.3 HVAC Equipment
13.10.4 Aerospace & Transportation
13.10.5 Household Appliances
13.10.6 Other Commercial Applications
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 Laboratory Balance Market: Competitive Dashboard
14.2 Global Electronic Laboratory Balance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 AMETEK
14.3.3 Aquion Energy
14.3.4 Emerson Electric Co.
14.3.5 Johnson Electric Holdings Limited
14.3.6 Siemens AG
14.3.7 Rockwell Automation
14.3.8 TECO-Westinghouse Motor Company
14.3.9 Toshiba Corp
14.3.10 General Electric Company
14.3.11 Denso Corp
14.3.12 Weg SA
14.3.13 Robert Bosch GmbH
14.3.14 Hitachi
14.3.15 Nidec Corporation
