The ‘Global Laboratory Electronic Balance Market Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global laboratory electronic balance market, assessing the market on the basis of its segments like technology, end use, and major regions.
Laboratory Electronic Balance Market Size, Share, Price Trends, Industry Report, Key Players, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2022-2027): 6.4%
|Growth Rate CAGR||6.4%|
|Major Players||Fisher Scientific Company L.L.C., Adam Equipment Inc, A&D Company,|
KERN & SOHN GmbH, Sartorius AG, PCE Deutschland GmbH,
RADWAG Balances and Scales, and Humboldt Mfg. Co. and others.
Laboratories use electronic balances for accurately measuring chemicals and specimens. It delivers accurate weighing performance with numerous intelligent quality assurance functions that fulfil the most stringent requirements. With the expanding need for research laboratories, the demand for the laboratory electronic balance market is growing. Research laboratories are being fuelled by the surging investments in research and development activities. This is expected to provide lucrative opportunities for the growth of laboratory electronic balances.
Electronic laboratory balances aid in improving efficiency by facilitating accuracy in results. Further, the strategic collaborations and agreements among market players is also anticipated to prove beneficial for the laboratory electronic balance market. Electronic balance instruments that are small and have low cost are useful for measuring food while the ones which are expensive find usage in labs and government agencies.
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Research and development activities are crucial for pharma and medical products, construction and infrastructure, chemicals and agriculture, materials as well as oil and gas industries as it help establish technology which facilitates development of new products, services, and business models. Development of new materials help support significant performance improvements. During the spread of the pandemic, hospital laboratories responded by developing initial SARS-CoV-2 diagnostic tests. Subsequently, test development and setup were speeded up and major changes in workflow was experienced.
Laboratory Electronic Balance Industry Definition and Major Segments
A laboratory electronic balance is an instrument that is used to accurately measure the weight of materials used in various experiments. A highly sensitive measuring instrument, it measures mass precisely and detects increments in even in the sub-milligram range. It provides measurement results in digital form.
On the basis of technology, the market is segmented into:
• Micro and Semi-micro Lab Balances
• Analytical Lab Balances
• Precision Lab Balances
Based on end use, the market is classified into:
• Pharmaceutical Products Testing Laboratories
• Food and Beverage Testing Laboratories
• Petroleum Product Testing Laboratories
On the basis of region, the market is categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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Laboratory Electronic Balance Market Trends
Laboratory balances are used daily in laboratories and are a foundational piece of equipment which help with functions such as recipe making, piece counting, percent calculation function, and many more. These balances accurately calculate weight of items and can be easily operated by everyone. Players in the laboratory electronic balance market offer scales with high resolution, a variety of operating modes, weight ranges, and in small size.
Researchers need accurate, efficient, and easy to use lab weighing solutions. Providers have therefore developed solutions that not only achieve accurate weighing performance but at the same time ensure weighing follows regulatory standards and requirements. Ergonomically designed, compact electronic scales with digital display and touch screen offer portable efficient weighing, and are a key trend in the laboratory electronic balance market.
Electronic scales that automatically dispense powders as well as liquids are promoting the modernisation of laboratories. They facilitate the economic use of precious samples by dispensing with utmost accuracy. Moreover, they are capable of calculating the precise amount of solvent required for the substance dispensed to produce the target concentration. Sample changers mounted on one another can help create multiple samples in one run automatically while the staff can freely work on other critical tasks.
Demand for precision lab balances is expanding in the wake of technological advancements, growing research pipelines among pharma-biotech and CROs, and regulatory framework for the safety of product handling in biotechnology along with pharmaceutical industries.
Key Market Players
The major players in the global laboratory electronic balance market report include Fisher Scientific Company L.L.C., Adam Equipment Inc, A&D Company, KERN & SOHN GmbH, Sartorius AG, PCE Deutschland GmbH, RADWAG Balances and Scales, and Humboldt Mfg. Co.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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