Laboratory Electronic Balance Market Report: Trends, Forecast and Competitive Analysis to 2030

Laboratory Electronic Balance Trends and Forecast

The future of the global laboratory electronic balance market looks promising with opportunities in the pharmaceutical research, food research, industrial, and scientific and education research markets. The global laboratory electronic balance market is expected to grow with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are growing need for accurate weighing, increased use of analytical balances in medical research, and rise in the use of supply chain management techniques for food.

A more than 150-page report is developed to help in your business decisions.

Laboratory Electronic Balance by Segment

The study includes a forecast for the global laboratory electronic balance by product, application, and region.

Laboratory Electronic Balance Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Semi Micro Balances
• Analytical Balances
• High Precision Balances
• Industrial Precision Balance
• Density Balances

Laboratory Electronic Balance Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Pharmaceutical Research
• Food Research
• Industrial
• Scientific and Education Research

Laboratory Electronic Balance Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Laboratory Electronic Balance Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies laboratory electronic balance companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the laboratory electronic balance companies profiled in this report include-

• A&D Company
• Mettler-Toledo
• Sartorius
• Thermo Fisher Scientific
• Acculab
• Avery Weigh-Tronix
• Adam Equipment
• Bel Engineering
• Bonso Electronics
• Gram Precision

Laboratory Electronic Balance Market Insights

Lucintel forecasts that high precision balance will remain the largest segment over the forecast period due to the technological developments in laboratory balances and scales, growth of pharma-biotech and CRO research pipelines, and biotechnology and pharmaceutical industries' more strict regulatory environment for product safety.

North America will remain the largest region over the forecast period due to the rising demand for laboratory electronic balance, as well as the increase in research activities and existing projects in this area.

Features of the Global Laboratory Electronic Balance Market

Market Size Estimates: Laboratory electronic balance market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Laboratory electronic balance market size by product, application, and region in terms of value ($B).

Regional Analysis: Laboratory electronic balance market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product, application, and regions for the laboratory electronic balance market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the laboratory electronic balance market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for laboratory electronic balance market?

Answer: The global laboratory electronic balance market is expected to grow with a CAGR of 4.1% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the laboratory electronic balance market?

Answer: The major drivers for this market are growing need for accurate weighing, increased use of analytical balances in medical research, and rise in the use of supply chain management techniques for food.

Q3. What are the major segments for laboratory electronic balance market?

Answer: The future of the global laboratory electronic balance market looks promising with opportunities in the pharmaceutical research, food research, industrial, and scientific and education research markets.

Q4. Who are the key laboratory electronic balance market companies?

Answer: Some of the key laboratory electronic balance companies are as follows:

• A&D Company
• Mettler-Toledo
• Sartorius
• Thermo Fisher Scientific
• Acculab
• Avery Weigh-Tronix
• Adam Equipment
• Bel Engineering
• Bonso Electronics
• Gram Precision

Q5. Which laboratory electronic balance market segment will be the largest in future?

Answer: Lucintel forecasts that high precision balance will remain the largest segment over the forecast period due to the technological developments in laboratory balances and scales, growth of pharma-biotech and CRO research pipelines, and biotechnology and pharmaceutical industries' more strict regulatory environment for product safety.

Q6. In laboratory electronic balance market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to the rising demand for laboratory electronic balance, as well as the increase in research activities and existing projects in this area.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the laboratory electronic balance market by product (semi micro balances, analytical balances, high precision balances, industrial precision balance, and density balances), application (pharmaceutical research, food research, industrial, and scientific and education research), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?