Rapid Unit Sales of Laboratory Balances and Scales Market to Push Incremental Revenues in the Global Market

Laboratory Balances and Scales: Introduction

The use of balances and scales can be dated back to the period of Ancient Egypt. Then, the laboratory balances and scales in use were simplistic and their applications were limited. Today, laboratory balances and scales are much more complicated and have a multitude of applications and uses. Laboratory balances and scales find applications ranging from weighing of materials and chemicals in labs and research centers to weighing of packaged materials for shipping purposes. An understanding of the difference between weight and mass parameters of a body is required to fully understand how laboratory balances and scales operate. The process of measuring and determining these parameters using laboratory balances and scales is referred to as weighing, even though weight and mass are two different entities. Some laboratory balances and scales measure mass, which is a constant amount of matter possessed by a body. However, other laboratory balances and scales measure weight, which is the heaviness of a specimen. Manufacturers are offering laboratory balances and scales that possess the ability to measure both, weight and mass of a specimen.

Laboratory Balances and Scales: Market Drivers

The advancements in the instrumentation engineering arena are expected to drive the growth of the global laboratory balances and scales market. Availability of efficient and specialized laboratory balances and scales is also expected to boost the growth of the global market. The high presence of suppliers offering durable and high accuracy balances and scales is also expected to facilitate the growth of the global market. Governments and companies are making heavy investments in the chemical and biochemical research arenas, which is expected to be the primary driver for the global market. High adoption of laboratory balances and scales for chemical thermodynamics research is expected to provide a steady boost to the market during the forecast period. Growing utilization of specialized laboratory balances and scales in nanotechnology, aerospace, automotive, biomedical and biochemical, pharmaceutical and geological industries will push the market to register steady growth during the forecast period. Advancements in chemical, oil and gas and coal industries are expected to have a positive impact on the global laboratory balances and scales market.

Laboratory Balances and Scales: Market Segmentation

With regards to the specialization, the global laboratory balances and scales market can be segmented into: Analytical Balances,Platform Scales,Equal Arm Balances,Top-loading Balances,Spring Balances,Triple-beam Balances,Torsion Balances. Analytical balances offer extreme weight sensitivity and accurate mass measurements. These features are expected to enable the analytical balances market segment to hold the largest market share in the global market by the end of the forecast period.

Laboratory Balances and Scales: Regional Market Outlook

The companies in APAC economies are making huge investments in the field of laboratory instrumentation and this factor is anticipated to enable the Asia Pacific balances and scales market to grow significantly during the forecast period. The high presence of vendors marketing their laboratory balances and scales in North America is the primary driver of the laboratory balances and scales market in the region. Presently, the North American laboratory balances and scales market holds the largest share of the global laboratory balances and scales market. The high diffusion of oil and gas research laboratories in the Middle East is also expected to boost the laboratory balances and scales market in the region. The laboratory balances and scales market in Latin America is also estimated to register a significant growth rate during the forecast period owing to the increasing adoption of laboratory balances and scales for experimental research purposes.

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Laboratory Balances and Scales: Key Market Players
Some of the major players operating in the laboratory balances and scales market are A&D Company, Limited; Adam Equipment Inc; Alliance Scale; Gram Precision; intelligent Weighing Technology; METTLER TOLEDO; OHAUS; PCE Instruments; Precisa Gravimetrics AG; and RADWAG Balances and Scales, among others.

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This release was published on openPR.