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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Ankur Gupta, Head Marketing & Communications