Lab balance is a balance designed
to evaluate small mass of sub-milligram range. It further considered being an
important instrument for the modern science laboratory as it primarily assists
in weighing of materials. It also consists of a ray with a friction-free
fulcrum, and a pointer which attaches to and amplifies the variation due to
balance position, and fractional weights that are useful with the beam’s
measuring arm. It also provides the key advantages such as broad weighting
range, high readability, and a high degree of accuracy.
According to study, “Global
Lab Balance Market 2019 by Manufacturers, Regions, Type and Application,
Forecast to 2024” some of the major companies that are currently
working in the global lab balance market are Mettler Toledo, Danaher Corp.,
A&D Company Ltd., Sartorius, Thermo Fisher, Kern & Sohn GmbH, Essae
Corp., Avery Weigh-Tronix LLC, Shimadzu, Gram Precision, Bonso Electronics
International Inc., Adam Equipment Ltd., Humboldt Mfg Co., Techcomp (Precisa),
BEL Engineering, Bonso Electronics, Mettler Toledo International, Inc. , Pce
Holding GmbH & Co. Kg, Sartorius AG, Radwag Balances and Scales, Shimadzu
Corporation, Scientech, Inc. The major players which have adopted various organic
as well as inorganic growth strategies include mergers & acquisitions,
expansions, agreements, new product launches, joint ventures, partnerships, and
the support associated with their position over the market.
Based on type, global lab balance
market is segmented into analytical balance, moisture balances, precision
balances, micro & ultra-micro balances, portable or compact balances and
top loading balance. The top loading balances offers variety of sizes &
weight capacities, from 20 g to 64.1 kg, also known as top loader balance.
Based on product type, market is segmented into portable or compact and
desktop. Based on comparators, market is segmented into density, volume, mass
and magnetism. Based on software & accessories, market is segmented into
ergo clips, displays, weights, optional interfaces and other accessories.
Based on application, market is
segmented into comparison, calibration, weighing and quality control &
statistical process. The comparison features include mass comparators, density
comparators, volume comparators and differential weighing scales. The
calibration scales include balance calibration, weight calibration and pipette
calibration. The weighing includes dynamic weighing, formula weighing, lab
precision & analytical weighing, hazardous area weighing and filter
weighing. In addition, the quality control & statistical process also
includes sample preparation, filling process and powder dosing. Moreover, based
the end-use industries, market is segmented into manufacturing research laboratories,
chemical research laboratories, pharmaceutical research laboratories, food
research laboratories, academic institutions and other laboratories. The
chemical research laboratories segment includes the significant share due to
high application of balance for accuracy, precision &trueness of the
chemicals in the process.
The global lab balance market is
primarily driven by increase in stringent regulatory framework associated with
product safety in pharmaceutical & biotechnology industries, followed by
expansion in research pipeline among pharma-biotech, and increase in usage of
analytical instruments, increase in technological advancements and growth in
public emphasis for implementation stringent food safety guidelines. However,
with the limited substitute rate of lab balances among end users it is
anticipated to hinder the market.
The European region is largest
followed by the North American supplier of global lab balance market due to
increase in usage of the analytical instruments. Whereas, on an account of
increase in number of research activities over in respect to countries like
India, China, and Japan, Asia Pacific region is projected to exhibit higher
growth rate the forecast period.
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