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Global Laboratory Electronic Balance Market Size, Growth, Analysis, Research: By Technology: Micro and Semi-micro Lab Balances, Analytical Lab Balances, Precision Lab Balances, Others; By End Use; Regional Analysis; Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028
Global Laboratory Electronic Balance MarkeT Outlook
The global laboratory electronic balance market is expected to grow at a CAGR of 6.4% between 2023 and 2028.
News and Developments in the Market
In August 2022, RADWAG Balances and Scales manufactured Scale Editor2.1 via RS232 and Ethernet communication interfaces. This new software includes editing database tables, exporting databases and reports to Excel, .txt and .pdf files, importing databases from .csv files, exporting databases and reports to .csv files, and the configuration of the Ethernet module of standard-class balances and scales. The upgrades are expected to help in overall operations of RADWAG.
In April 2022, Thermo Fisher Scientific launched the India Engineering Centre in Hyderabad. The new research and development and engineering facility in Hyderabad spans across 42,000 sq. ft and contains an engineering lab that will push forward new product development for the laboratory as well as analytical solutions for the global sites of Thermo Fisher.
In February 2022, Sartorius completed the acquisition of Novasep’s chromatography equipment division. The portfolio acquired includes chromatography systems primarily suited for smaller biomolecules, like peptides, insulin, and oligonucleotides, as well as innovative systems for continuous manufacturing of biologics.
In December 2021, Sartorius announced its acquisition of a majority stake in ALS Automated Lab Solutions GmbH. The Germany-based laboratory technology company manufactures, develops, and markets solutions for the automated analysis, selection, and isolation of cells. ALS facilitates life science consumers to substantially decrease time to result and cost in cell line development as well as antibody discovery.
In May 2021, Sartorius introduced Arium Smart Station as a convenient and flexible means of dispensing pure as well as ultrapure water. The compact design grants placement of stations in laboratory locations where there is limited space for benchs, and the ergonomic design and intuitive touch-activated colour display offer greater user convenience and control. Further, lab productivity and space can be enhanced by connecting a single water production unit to multiple dispensers.
Key Trends in the Market
A laboratory electronic balance is known as an instrument employed in the accurate measurement of the weight of materials in laboratories. Further, it is an instrument primarily utilised in laboratories for accurate measurement of chemicals that are used in numerous experiments. The laboratory electronic balance offers the digital result of the measurement.
- The growing demand for electronic weighing balances and the rising need for research laboratories are likely to drive the laboratory electronic balance market growth across the globe due to the rise in research and development activities.
- The market for laboratory electronic balances is expected to propel owing to the surging need for improved laboratory efficiency along with the demand for accuracy in results.
- An increase in the requirement for research laboratories is likely to provide new opportunities to the laboratory electronic balance market across the globe.
- With the rising number of partnerships and collaborations as well as strategic agreements amongst key players, the market growth of laboratory electronic balance is expected to bolster over the coming years globally.
- Moreover, the electronic balances aid in generating repetitive results in research with great accuracy. Small and low-cost electronic balance instruments are ideal for measuring food whereas more expensive versions of electronic balance instruments are employed in labs and government agencies. This is further expected to push forward the demand for the laboratory electronic balance market.
Market Analysis
Based on technology, the market can be segmented into micro and semi-micro lab balances, analytical lab balances, and precision lab balances, among others. Based on the end-use, it can be categorised into pharmaceutical products testing laboratories, food and beverage testing laboratories, and petroleum product testing laboratories, among others. The regional markets for the laboratory electronic balance market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global laboratory electronic balance market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Fisher Scientific Company L.L.C.
- Adam Equipment Inc
- A&D Company
- KERN & SOHN GmbH
- Sartorius AG
- PCE Deutschland GmbH
- RADWAG Balances and Scales
- Humboldt Mfg. Co.
- Others
Market Share by Technology
The precision lab balances segment is holding a substantial share in the laboratory electronic balance market during the forecast period owing to the technological advancements in laboratory balances and scales. This is coupled with the development of the research pipeline among pharma-biotech and CROs. Going further, the progressively rigid regulatory framework for the safety of products in biotechnology as well as pharmaceutical industries is driving the demand for the precision lab balances segment in the market.
Market Share by End-Use
The pharmaceutical products testing laboratories segment is augmenting the laboratory electronic balance market share over the forecast period on account of the surging demand for employers to regulate the weight of biopharmaceutical substances for research and development activities as well as quality assurance. Moreover, the increasing usage of such tools in pharmaceutical research helps the process since it aids to measure and analyse substances, like solid or liquid, that are difficult to weigh precisely with manual methods owing to their size, density, or shape. This is further expected to enhance the segment growth in the market.
Market Share by Region
Geographically, the North American region is holding significant growth in the laboratory electronic balance market share on account of the surging research pipelines in biopharmaceutical companies along with evolving technology in the research field. Furthermore, there are strict regulations and governing guidelines along with extensive supervisory agreements regarding product quality among target end-user industries, supporting the growth of the regional market. There is also a robust presence of key market players across North America.
Over the coming years, the Asia Pacific region is projected to register a considerable share in the laboratory electronic balance market on account of the rising demand for research laboratories, especially in countries like China and India.
Competitive Landscape
Fisher Scientific Company L.L.C. is a part of Thermo Fisher Scientific that focuses on manufacturing specialty chemicals. It has defined unparalleled choice and convenience for over a century as a premier scientific marketplace and has a strong presence in the laboratory electronic balance market. The company is focused on providing innovative yet extremely practical solutions. It has established a comprehensive portfolio of laboratory equipment along with chemicals, supplies, safety products, and services to aid consumers in enhancing productivity and driving innovation in research, education, and the healthcare industry all with more ease and efficiency than ever before.
Adam Equipment Inc is a manufacturer with research and development based in the United Kingdom. It meets or exceeds most international producing standards and regulations. Its products are accessible through e-commerce, independent dealers, and catalogue distribution, along with additional application sales and technical service.
A&D Company is a world-leading enterprise in the design and manufacturing of precision measurement and product inspection equipment for the healthcare and laboratory industrial markets, among others.
KERN & SOHN GmbH is a Germany-based manufacturer of measuring and controlling devices. It provides laboratory balances, industrial and medical scales, test weights, software, optical instruments, and related products, catering to the laboratory electronic balance market.
Sartorius AG is aiding biotech scientists as well as engineers all over the whole world in designing and producing medications from the first idea to production. It aids in new scientific discoveries being rapidly translated into effective patient care.
PCE Deutschland GmbH is engaged in the development, manufacture, and distribution of industrial products improve efficiency for numerous industries, such as laboratories and industrial plants. Its primary focus is measuring instruments.
RADWAG Balances and Scales is one of the largest worldwide manufacturers of electronic balances based out of Poland. The company aims to continue technological development and offer employers state-of-the-art products based on their own technological know-how. It delivers technology that is in advance of market standards, so its products are an investment in the future. It has its own research and development departments along with research, measurement, and certification laboratories.
Humboldt Mfg. Co. is a United States-based leading manufacturer and supplier of testing equipment used for evaluating construction as well as civil engineering materials. Its equipment is utilised broadly all over the globe for testing concrete, soil, cement, asphalt, and aggregate materials. This testing includes calculations of materials, which are employed in construction projects ranging from bridges and tunnels, to roads, dams, airports, earthworks, and railways, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Global Laboratory Electronic Balance Market Analysis
8.1 Key Industry Highlights
8.2 Global Laboratory Electronic Balance Historical Market (2018-2022)
8.3 Global Laboratory Electronic Balance Market Forecast (2023-2028)
8.4 Global Laboratory Electronic Balance Market by Technology
8.4.1 Micro and Semi-micro Lab Balances
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Analytical Lab Balances
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Precision Lab Balances
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Laboratory Electronic Balance Market by End Use
8.5.1 Pharmaceutical Products Testing Laboratories
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Food and Beverage Testing Laboratories
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Petroleum Product Testing Laboratories
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Laboratory Electronic Balance Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Laboratory Electronic Balance Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Laboratory Electronic Balance Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Laboratory Electronic Balance Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Laboratory Electronic Balance Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Laboratory Electronic Balance Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Fisher Scientific Company L.L.C.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Adam Equipment Inc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 A&D Company
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 KERN & SOHN GmbH
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Sartorius AG
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 PCE Deutschland GmbH
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 RADWAG Balances and Scales
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Humboldt Mfg. Co.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Laboratory Electronic Balance Market: Key Industry Highlights, 2018 and 2028
2. Global Laboratory Electronic Balance Historical Market: Breakup by Technology (USD Million), 2018-2022
3. Global Laboratory Electronic Balance Market Forecast: Breakup by Technology (USD Million), 2023-2028
4. Global Laboratory Electronic Balance Historical Market: Breakup by End Use USD Million), 2018-2022
5. Global Laboratory Electronic Balance Market Forecast: Breakup by End Use (USD Million), 2023-2028
6. Global Laboratory Electronic Balance Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Laboratory Electronic Balance Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Laboratory Electronic Balance Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Laboratory Electronic Balance Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Laboratory Electronic Balance Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Laboratory Electronic Balance Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Laboratory Electronic Balance Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Laboratory Electronic Balance Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Laboratory Electronic Balance Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Laboratory Electronic Balance Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Laboratory Electronic Balance Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Laboratory Electronic Balance Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Laboratory Electronic Balance Market Structure
Key Questions Answered in the Report
The global market for laboratory electronic balances is assessed to grow at a CAGR of 6.4% between 2023 and 2028.
The major market drivers are the growing needs for electronic weighing balances and the surging pharmaceutical industry.
The key market trends include the growing research and development activities along with rapid technological advancements.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various technologies include micro and semi-micro lab balances, analytical lab balances, and precision lab balances, among others.
The various end-use of the market include pharmaceutical products testing laboratories, food and beverage testing laboratories, and petroleum product testing laboratories.
The major players in the market are 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., among others.
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