Market Overview:
The global high precision analytical 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 high precision analytical balances for research and development purposes, especially in university and research center settings. Additionally, the growing demand for these balances in other industries such as pharmaceuticals and biotechnology is also contributing to the growth of this market. On the basis of type, the global high precision analytical balances market can be segmented into readability 0.01mg, readability 0.02mg, readability 0.05mg, and others segments.
Product Definition:
A high precision analytical balance is a laboratory instrument used to accurately measure the mass of small samples. These balances are capable of measuring masses down to the milligram level, making them ideal for use in scientific research and development. The importance of high precision analytical balances lies in their ability to provide precise measurements that can be used to quantify the results of experiments.
Readability 0.01mg:
The global readability 0.01mg, it's usage and growth factor in the High Precision Analytical Balances market is expected to witness significant growth over the forecast period on account of increasing demand for high precision analytical balances with low weight load cells by end-users such as pharmaceutical & biotechnology industries.
Readability 0.02mg:
The international unit of readability is 0.02 mg and it's used in high precision analytical balances market. It is also known as the standard weight or control weight and it has no specific name of its own. The reason for using this particular unit is because all other units are derived from it, through a constant weighing process with the use of internationally recognized standards i.e., the International System of Units (SI).
Application Insights:
The market is segmented based on application into a research center, university and others. The university held the largest share of over 50% in 2017. It is estimated that around 70% of the total high precision analytical balances produced are utilized by universities and research centers for their day-to-day analysis activities.
High precision analytical balance has wide applications in various industries such as pharmaceutical, food & beverage, cosmetics among others which include bioanalytical chemistry and biochemistry. University also holds significant share owing to its core functions such as teaching, fundamental research and service related activities across all major regions globally thereby contributing to the overall growth of the market during this study period.
Regional Analysis:
North America dominated the global high precision analytical balances market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of key players such as IBA Group, Inc.; balance technology; and HPA Balancing Ltd., who are engaged in providing high-end analytical instruments for research purposes and pharmaceutical industry. In addition, increasing R&D activities by various organizations and universities to develop new products will drive the regional growth over the forecast period.
Asia Pacific is expected to witness lucrative growth during the forecast period owing to rising demand from research laboratories for high-precision analytical tools that meet stringent requirements regarding accuracy, resolution, dynamic range, etc., associated with each application domain at low cost while maintaining superior performance characteristics as compared to their counterparts from developed regions.
Growth Factors:
- Increasing demand for high precision analytical balances from research and development laboratories in the pharmaceutical and biotechnology industries.
- Growing demand for high precision analytical balances from academic institutions for teaching and research purposes.
- Rising adoption of high precision analytical balances by food and beverage companies for quality control purposes.
- Increasing use of high precision analytical balances by contract manufacturers in the medical device industry to meet stringent regulatory requirements.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Precision Analytical Balances Market Research Report
By Type
Readability 0.01mg, Readability 0.02mg, Readability 0.05mg, Others
By Application
University, Research Center, Others
By Companies
Mettler Toledo, Sartorius, A&D, Shimadzu, Thermo Fisher, Techcomp (Precisa), Bonso Electronics, Adam Equipment, Radwag, BEL Engineering, Aczet, OHAUS, Scientech, 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
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global High Precision Analytical Balances Market Report Segments:
The global High Precision Analytical Balances market is segmented on the basis of:
Types
Readability 0.01mg, Readability 0.02mg, Readability 0.05mg, Others
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
University, Research Center, 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:
- Mettler Toledo
- Sartorius
- A&D
- Shimadzu
- Thermo Fisher
- Techcomp (Precisa)
- Bonso Electronics
- Adam Equipment
- Radwag
- BEL Engineering
- Aczet
- OHAUS
- Scientech, Inc.
Highlights of The High Precision Analytical 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:
- Readability 0.01mg
- Readability 0.02mg
- Readability 0.05mg
- Others
- By Application:
- University
- Research Center
- 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 High Precision Analytical 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?
High precision analytical balances are used to measure small weights and distances with great accuracy. They can be used in a variety of fields, including science, engineering, and manufacturing.
Some of the key players operating in the high precision analytical balances market are Mettler Toledo, Sartorius, A&D, Shimadzu, Thermo Fisher, Techcomp (Precisa), Bonso Electronics, Adam Equipment, Radwag, BEL Engineering, Aczet, OHAUS, Scientech, Inc..
The high precision analytical 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 High Precision Analytical 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 High Precision Analytical Balances Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Precision Analytical 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 High Precision Analytical 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 High Precision Analytical Balances Market Size & Forecast, 2018-2028
4.5.1 High Precision Analytical Balances Market Size and Y-o-Y Growth
4.5.2 High Precision Analytical Balances Market Absolute $ Opportunity
Chapter 5 Global High Precision Analytical Balances 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 High Precision Analytical Balances Market Size Forecast by Type
5.2.1 Readability 0.01mg
5.2.2 Readability 0.02mg
5.2.3 Readability 0.05mg
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Precision Analytical Balances 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 High Precision Analytical Balances Market Size Forecast by Applications
6.2.1 University
6.2.2 Research Center
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Precision Analytical 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 High Precision Analytical 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 High Precision Analytical Balances Analysis and Forecast
9.1 Introduction
9.2 North America High Precision Analytical Balances 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 High Precision Analytical Balances Market Size Forecast by Type
9.6.1 Readability 0.01mg
9.6.2 Readability 0.02mg
9.6.3 Readability 0.05mg
9.6.4 Others
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 High Precision Analytical Balances Market Size Forecast by Applications
9.10.1 University
9.10.2 Research Center
9.10.3 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 High Precision Analytical Balances Analysis and Forecast
10.1 Introduction
10.2 Europe High Precision Analytical Balances 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 High Precision Analytical Balances Market Size Forecast by Type
10.6.1 Readability 0.01mg
10.6.2 Readability 0.02mg
10.6.3 Readability 0.05mg
10.6.4 Others
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 High Precision Analytical Balances Market Size Forecast by Applications
10.10.1 University
10.10.2 Research Center
10.10.3 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 High Precision Analytical Balances Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Precision Analytical Balances 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 High Precision Analytical Balances Market Size Forecast by Type
11.6.1 Readability 0.01mg
11.6.2 Readability 0.02mg
11.6.3 Readability 0.05mg
11.6.4 Others
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 High Precision Analytical Balances Market Size Forecast by Applications
11.10.1 University
11.10.2 Research Center
11.10.3 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 High Precision Analytical Balances Analysis and Forecast
12.1 Introduction
12.2 Latin America High Precision Analytical Balances 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 High Precision Analytical Balances Market Size Forecast by Type
12.6.1 Readability 0.01mg
12.6.2 Readability 0.02mg
12.6.3 Readability 0.05mg
12.6.4 Others
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 High Precision Analytical Balances Market Size Forecast by Applications
12.10.1 University
12.10.2 Research Center
12.10.3 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) High Precision Analytical Balances Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Precision Analytical Balances 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) High Precision Analytical Balances Market Size Forecast by Type
13.6.1 Readability 0.01mg
13.6.2 Readability 0.02mg
13.6.3 Readability 0.05mg
13.6.4 Others
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) High Precision Analytical Balances Market Size Forecast by Applications
13.10.1 University
13.10.2 Research Center
13.10.3 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 High Precision Analytical Balances Market: Competitive Dashboard
14.2 Global High Precision Analytical Balances Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mettler Toledo
14.3.2 Sartorius
14.3.3 A&D
14.3.4 Shimadzu
14.3.5 Thermo Fisher
14.3.6 Techcomp (Precisa)
14.3.7 Bonso Electronics
14.3.8 Adam Equipment
14.3.9 Radwag
14.3.10 BEL Engineering
14.3.11 Aczet
14.3.12 OHAUS
14.3.13 Scientech, Inc.
