Rapid Increase in End-use Adoption to Boost Fume Hoods Market Revenue Growth

In the past few years, fume hoods have been used rapidly to protect workers from harmful gases and particles. Fume hoods are ubiquitously used in pharmaceutical and biotechnology facilities, industrial shops, medical testing labs and private & university research labs and therefore, due to this factor, the fume hoods market is projected to witness robust growth during the forecast period. Moreover, increasing government investments in the pharmaceutical industry coupled with rising collaborations in chemical industry and increased R&D budgets will fuel the growth of the global market during the forecast period. Fume hoods are ventilation devices designed to limit the exposure to hazardous or toxic fumes and vapour or dust. The market has witnessed considerable traction in the past four years, in terms of value. In addition to this, due to increasing adoption of fume hoods in almost all industry verticals, especially across regions where increasing establishment of laboratories is being witnessed, the concerned market is expected to exhibit single digit growth rate during the forecast period.

Fume Hoods Market: Drivers and Challenges
Drivers: Significant investments in research and development sector of various industries is the primary factor driving the growth of the fume hoods market. Also, growing demand for laboratory testing services and industry products is also creating potential growth opportunities for fume hoods providers. Furthermore, growing demand for high energy and resources for green and sustainability initiatives will also fuel the growth of the fume hoods market. Apart from this, public and private spending on activities that aim to promote health and prevent diseases, including investments in structures and equipment, will also drive the growth of the fume hoods market. Also, these hoods are becoming an essential component of life science research, agriculture, biotechnology and pharmaceutical industries and due to this factor, the global market is expected to witness high growth rate during the forecast period.

Challenges: The high cost associated with fume hoods is the major factor hampering the growth of the concerned market. Several types of costs, such as installation, operation and maintenance costs, are incurred during the life span and limit the adoption of these hoods. Furthermore, existing approaches for improving performance and saving energy in fume hoods are complicated and costly to implement, which is also one of the major factors hampering the growth of the global fume hoods market.

Get Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8110

Fume Hoods Market: Segmentation
Segmentation of the Market On the Basis of Fume Hood Type:
Ductless
Ducted

Segmentation of the Fume Hoods Market On the Basis of End Use:
Hospitals & diagnostic laboratories
Pharmaceutical & biotechnology companies
Academic & research laboratories
Others

Fume Hoods Market: Competition Landscape

Key Players
Some of prominent players in the global fume hoods market are Labconco, Esco Micro Pte Ltd., Erlab, Sentry Air Systems, Inc., Air Science USA LLC, NuAire, Köttermann GmbH & Co. KG, Terra Universa, , Esco Group, ACMAS Technologies, Royal Imtech, Azbil Corporation and Clean Air Products.

Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordic, Eastern Europe)
CIS and Russia
Asia-Pacific (China, India, ASEAN, South Korea)
Japan
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

Request to Browse Full Table of Content, figure and Tables @ https://www.futuremarketinsights.com/toc/rep-gb-8110

The report covers exhaustive analysis on:
Global Market Segments
Global Market Dynamics in Fume Hoods Market
Historical Actual Market Size, 2013–2017
Global Market Size & Forecast, 2018 to 2028
Supply & Demand Value Chain for the Market
Global Market Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Market Solutions Technology
Value Chain Analysis
Global Market Drivers and Restraints

Report Highlights
Detailed overview of parent market
Changing market dynamics of the industry
In-depth Fume Hoods market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Fume Hoods Market
Strategies of key players and product offerings in Fume Hoods Market
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards Fume Hoods market performance
Must-have information for market players to sustain and enhance their Fume Hoods market footprint

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States

This release was published on openPR.