Market Overview:
The global laboratory balances 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 laboratory balances in research and development activities, and rising number of university and research center laboratories. North America is expected to lead the global laboratory balances market during the forecast period, followed by Europe. Asia Pacific is projected to be the fastest-growing region during the forecast period.
Product Definition:
A laboratory balance is an instrument used to measure the mass or weight of an object. Laboratory balances are important because they allow scientists to accurately measure the mass of a substance.
Top Loading Balance:
Top loading balance is a mechanical device used in laboratories for weighing sensitive materials. It’s an alternative to traditional beam balances and has the advantage of being able to be used with smaller sample weights. The design includes a platform that can be raised or lowered on rails, which allows access to various compartments holding samples. A spring loaded mechanism in each compartment ensures that the samples are level during weigh-in, reducing any effect of vibration or movement caused by the engine running nearby.
Analytical Balance:
Analytical balance is a device used in weighing various chemical compounds. It's an analytical instrument that helps in measuring the mass of an element on the basis of its reaction with a sensitive detector. The most common types of balances used are digital and traditional analytical balance. Analytical balancers can be single-user or multi-user systems depending upon the number of detectors needed to perform analysis at one time or multiple users sharing a common detector for performing several tests simultaneously.
Application Insights:
The others application segment includes government and military laboratories. University-based laboratory balances are majorly used for research purposes with a few being used in educational institutions, industrial facilities, hospitals and other medical centers. The balance is an important tool in the hands of researchers to perform various weighing tasks including drug discovery activities, quality control & standardization procedures and food analysis.
The balance is considered as one of the basic instruments that support analytical chemistry due to its wide applications in various fields such as pharmaceuticals, forensics science, environmental testing & monitoring etc. In addition to these uses it also finds applications in research centers where it is mainly used for weighing out chemicals or reagents required during experiments or trials etc., which include compounds needed for chemical reactions or solutions that need diluting before they are added into another solution tank etc.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. This can be attributed to the presence of a large number of research centers and universities, which use balances for research activities. The U.S.-based National Institute of Standards and Technology (NIST) is one such organization that uses laboratory balances for testing purposes.
Growth Factors:
- Increasing demand for laboratory balances from the pharmaceutical and biotechnology industries due to the increasing research and development activities in these sectors.
- Growing demand for laboratory balances from academic institutions and research organizations due to the increasing number of research projects being undertaken by these institutes.
- Rising demand for high-precision laboratory balances from chemical, food, and other industrial laboratories owing to the need for accurate weight measurements in these laboratories.
- Increasing adoption of automated laboratory balance systems by various laboratories due to their advantages such as improved accuracy, speed, and efficiency over manual weighing systems.
Scope Of The Report
Report Attributes
Report Details
Report Title
Laboratory Balances Market Research Report
By Type
Top Loading Balance, Analytical Balance
By Application
University, Research Center, Others
By Companies
Mettler Toledo, Sartorius, A&D, Shimadzu, Thermo Fisher, Techcomp(Precisa), Adam Equipment, Bonso Electronics, BEL Engineering, Radwag
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
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Laboratory Balances Market Report Segments:
The global Laboratory Balances market is segmented on the basis of:
Types
Top Loading Balance, Analytical Balance
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)
- Adam Equipment
- Bonso Electronics
- BEL Engineering
- Radwag
Highlights of The Laboratory 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:
- Top Loading Balance
- Analytical Balance
- 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 Laboratory 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?
Laboratory balances are used to keep track of the amounts of various chemicals and other substances in a laboratory.
Some of the major players in the laboratory balances market are Mettler Toledo, Sartorius, A&D, Shimadzu, Thermo Fisher, Techcomp(Precisa), Adam Equipment, Bonso Electronics, BEL Engineering, Radwag.
The laboratory 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 Laboratory 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 Laboratory Balances Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laboratory 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 Laboratory 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 Laboratory Balances Market Size & Forecast, 2018-2028
4.5.1 Laboratory Balances Market Size and Y-o-Y Growth
4.5.2 Laboratory Balances Market Absolute $ Opportunity
Chapter 5 Global Laboratory 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 Laboratory Balances Market Size Forecast by Type
5.2.1 Top Loading Balance
5.2.2 Analytical Balance
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Laboratory 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 Laboratory 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 Laboratory 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 Laboratory 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 Laboratory Balances Analysis and Forecast
9.1 Introduction
9.2 North America Laboratory 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 Laboratory Balances Market Size Forecast by Type
9.6.1 Top Loading Balance
9.6.2 Analytical Balance
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 Laboratory 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 Laboratory Balances Analysis and Forecast
10.1 Introduction
10.2 Europe Laboratory 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 Laboratory Balances Market Size Forecast by Type
10.6.1 Top Loading Balance
10.6.2 Analytical Balance
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 Laboratory 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 Laboratory Balances Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Laboratory 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 Laboratory Balances Market Size Forecast by Type
11.6.1 Top Loading Balance
11.6.2 Analytical Balance
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 Laboratory 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 Laboratory Balances Analysis and Forecast
12.1 Introduction
12.2 Latin America Laboratory 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 Laboratory Balances Market Size Forecast by Type
12.6.1 Top Loading Balance
12.6.2 Analytical Balance
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 Laboratory 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) Laboratory Balances Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Laboratory 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) Laboratory Balances Market Size Forecast by Type
13.6.1 Top Loading Balance
13.6.2 Analytical Balance
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) Laboratory 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 Laboratory Balances Market: Competitive Dashboard
14.2 Global Laboratory 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 Adam Equipment
14.3.8 Bonso Electronics
14.3.9 BEL Engineering
14.3.10 Radwag
