Market Overview:
The global portable 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 portable electronic laboratory balances for various applications such as food, chemical, academia, pharma & biotech and other research. Additionally, the growing demand for precision and accuracy in weight measurements is also propelling the growth of this market. However, factors such as high cost of these balances and lack of awareness about their benefits are restraining its growth to some extent. On the basis of type, the global portable electronic laboratory balance market can be segmented into top loading balance and analytical balance.
Product Definition:
A portable electronic laboratory balance is a small, battery-operated scale used to measure the mass of very small objects. It is important for scientists and researchers to be able to accurately measure the mass of very small objects in order to track changes in their weight over time or compare them with other objects. A portable electronic laboratory balance allows for this level of precision in a compact and easily transportable package.
Top Loading Balance:
Top loading balance is a mechanical device used in weighing small and light loads. It's major application is in the field of pharmaceuticals, food & beverage industry, chemical analysis and environmental studies.
Analytical Balance:
Analytical balance is a device used to measure the mass or weight of an object. It is also known as analytical scale, quantitative scale, or just lab balance. The most common types of analytical balances are electronic laboratory balances (ELB), which can be used for both industrial and scientific applications; there are also other types such as spring loaded, beam balance etc., which are only used for industrial purposes.
Application Insights:
The other research application segment accounted for the largest share in 2015 and is expected to continue its dominance over the forecast period. Portable electronic laboratory balance are widely used in various research applications including food, chemical, academia and others. The growing importance of weighing devices that can be carried from place to place has increased their demand in other applications such as drug discovery & development or environmental testing.
Portable balances are preferred over traditional mechanical or digital scales due to their ease of use, small size and low cost. They have replaced many traditional weighing methods such as hand-weighed glass containers with a single device that can be carried from one location to another without any additional equipment required (other than power source). This factor is anticipated to boost market growth during the forecast period especially across emerging regions where there is an increasing need for lab tests but limited number of facilities available at suitable locations near population centers which will drive demand further driving growth during the study period.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its position during the forecast period due to high product demand and continuous technological advancements. Moreover, presence of a large number of players coupled with strong distribution network will also help North America retain its dominance throughout the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the coming years owing to increasing government funding for research projects and rising awareness about LAB balance technology among researchers and scientists from various fields such as food & beverage, pharmaceuticals, medicine, etc.
The European portable electronic laboratory balance market by application has been segmented into food & beverages (33%), chemicals (22%) and Academia (20%). The Food & Drug Administration (FDA) within U.S.
Growth Factors:
- Increasing demand for laboratory balances in research and development laboratories
- Rising demand for portable electronic laboratory balances from academic institutions and hospitals
- Growing popularity of micro-balances and analytical balances among researchers and scientists
- Proliferation of nanotechnology and its associated applications that require precise measurement of weight
- Technological advancements in electronic balance designs that offer enhanced performance, accuracy, and precision
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Electronic Laboratory Balance Market Research Report
By Type
Top Loading Balance, Analytical Balance
By Application
Food, Chemical, Academia, Pharma & Biotech, Other Research
By Companies
A&D Company, Mettler-Toledo International, Sartorius, Thermo Fisher Scientific, Acculab, Avery Weigh-Tronix, Adam Equipment, BEL Engineering, Bonso Electronics, CAS Corp., Contech Instruments, Gram Precision, Intelligent Weighing Technology, Kern & Sohn, Ohaus Corp., Precisa Gravimetrics, RADW, Scientech Technologies, Setra Systems
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Portable Electronic Laboratory Balance Market Report Segments:
The global Portable Electronic Laboratory Balance 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
Food, Chemical, Academia, Pharma & Biotech, Other Research
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
- Mettler-Toledo International
- Sartorius
- Thermo Fisher Scientific
- Acculab
- Avery Weigh-Tronix
- Adam Equipment
- BEL Engineering
- Bonso Electronics
- CAS Corp.
- Contech Instruments
- Gram Precision
- Intelligent Weighing Technology
- Kern & Sohn
- Ohaus Corp.
- Precisa Gravimetrics
- RADW
- Scientech Technologies
- Setra Systems
Highlights of The Portable 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:
- Top Loading Balance
- Analytical Balance
- By Application:
- Food
- Chemical
- Academia
- Pharma & Biotech
- Other Research
- 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 Portable 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?
A Portable Electronic Laboratory Balance (PELB) is a laboratory instrument used to measure mass and weight.
Some of the major players in the portable electronic laboratory balance market are A&D Company, Mettler-Toledo International, Sartorius, Thermo Fisher Scientific, Acculab, Avery Weigh-Tronix, Adam Equipment, BEL Engineering, Bonso Electronics, CAS Corp., Contech Instruments, Gram Precision, Intelligent Weighing Technology, Kern & Sohn, Ohaus Corp., Precisa Gravimetrics, RADW, Scientech Technologies, Setra Systems.
The portable electronic laboratory balance market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Portable Electronic Laboratory Balance Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Portable Electronic Laboratory Balance Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Portable Electronic Laboratory Balance Market - Supply Chain
4.5. Global Portable Electronic Laboratory Balance Market Forecast
4.5.1. Portable Electronic Laboratory Balance Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Portable Electronic Laboratory Balance Market Size (000 Units) and Y-o-Y Growth
4.5.3. Portable Electronic Laboratory Balance Market Absolute $ Opportunity
5. Global Portable Electronic Laboratory Balance Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Portable Electronic Laboratory Balance Market Size and Volume Forecast by Type
5.3.1. Top Loading Balance
5.3.2. Analytical Balance
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Portable Electronic Laboratory Balance Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Portable Electronic Laboratory Balance Market Size and Volume Forecast by Application
6.3.1. Food
6.3.2. Chemical
6.3.3. Academia
6.3.4. Pharma & Biotech
6.3.5. Other Research
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Portable Electronic Laboratory Balance Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Portable Electronic Laboratory Balance Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Portable Electronic Laboratory Balance Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Portable Electronic Laboratory Balance Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Portable Electronic Laboratory Balance Demand Share Forecast, 2019-2026
9. North America Portable Electronic Laboratory Balance Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Portable Electronic Laboratory Balance Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Portable Electronic Laboratory Balance Market Size and Volume Forecast by Application
9.4.1. Food
9.4.2. Chemical
9.4.3. Academia
9.4.4. Pharma & Biotech
9.4.5. Other Research
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Portable Electronic Laboratory Balance Market Size and Volume Forecast by Type
9.7.1. Top Loading Balance
9.7.2. Analytical Balance
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Portable Electronic Laboratory Balance Demand Share Forecast, 2019-2026
10. Latin America Portable Electronic Laboratory Balance Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Portable Electronic Laboratory Balance Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Portable Electronic Laboratory Balance Market Size and Volume Forecast by Application
10.4.1. Food
10.4.2. Chemical
10.4.3. Academia
10.4.4. Pharma & Biotech
10.4.5. Other Research
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Portable Electronic Laboratory Balance Market Size and Volume Forecast by Type
10.7.1. Top Loading Balance
10.7.2. Analytical Balance
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Portable Electronic Laboratory Balance Demand Share Forecast, 2019-2026
11. Europe Portable Electronic Laboratory Balance Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Portable Electronic Laboratory Balance Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Portable Electronic Laboratory Balance Market Size and Volume Forecast by Application
11.4.1. Food
11.4.2. Chemical
11.4.3. Academia
11.4.4. Pharma & Biotech
11.4.5. Other Research
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Portable Electronic Laboratory Balance Market Size and Volume Forecast by Type
11.7.1. TopLoading Balance
11.7.2. Analytical Balance
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Portable Electronic Laboratory Balance Demand Share, 2019-2026
12. Asia Pacific Portable Electronic Laboratory Balance Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Portable Electronic Laboratory Balance Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Portable Electronic Laboratory Balance Market Size and Volume Forecast by Application
12.4.1. Food
12.4.2. Chemical
12.4.3. Academia
12.4.4. Pharma & Biotech
12.4.5. Other Research
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Portable Electronic Laboratory Balance Market Size and Volume Forecast by Type
12.7.1. Top Loading Balance
12.7.2. Analytical Balance
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Portable Electronic Laboratory Balance Demand Share, 2019-2026
13. Middle East & Africa Portable Electronic Laboratory Balance Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Portable Electronic Laboratory Balance Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Portable Electronic Laboratory Balance Market Size and Volume Forecast by Application
13.4.1. Food
13.4.2. Chemical
13.4.3. Academia
13.4.4. Pharma & Biotech
13.4.5. Other Research
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Portable Electronic Laboratory Balance Market Size and Volume Forecast by Type
13.7.1. Top Loading Balance
13.7.2. Analytical Balance
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Portable Electronic Laboratory Balance Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Portable Electronic Laboratory Balance Market: Market Share Analysis
14.2. Portable Electronic Laboratory Balance Distributors and Customers
14.3. Portable Electronic Laboratory Balance Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. A&D Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mettler-Toledo International
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sartorius
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Thermo Fisher Scientific
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Acculab
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Avery Weigh-Tronix
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Adam Equipment
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BEL Engineering
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bonso Electronics
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CAS Corp.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Contech Instruments
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Gram Precision
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Intelligent Weighing Technology
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kern & Sohn
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Ohaus Corp.
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Precisa Gravimetrics
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. RADW
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Scientech Technologies
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Setra Systems
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
