About Electronic Balance for Analysis
An electrical analytical balance (also known as a lab balance) is a type of balance that is used to weigh small amounts of mass in the milligram scale. The measurement pan of an analytical balance (0.1 mg resolution or better) is enclosed in a translucent cage with doors to keep dust out and any air currents from interfering with the balance's activity. A draught shield is a common name for this enclosure. The use of a mechanically vented balance protection cage with specially built acrylic airfoils makes for a seamless turbulence-free airflow that eliminates balance fluctuation and allows for mass measurements down to 1 g without any volatility or product failure. Analytical balances are extremely useful for taking accurate measurements of small samples. Electronic measuring balances are widely used in labs nowadays. Traditional analytical balances normally have a lower potential than electronic balances. Analytical balances can produce outcomes of 0.1g, 0.01g, or 1mg, but electronic balances can weigh up to three or four decimal points, depending on the type and nature of the balance.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
With the increasing need for accurate measurements; the demand for electrical balances is also increasing. Precision and accuracy of the equipment are the keys to success in this market. The market is dominated by few industry leaders. Although; there are no major barriers to entry in this market for new entrants, they have to build their reputation. After-sales support is also necessary for this market. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Shimadzu Corp., RADWAG Balances and Scales (United Kingdom), Ohaus (United States), Accuris Instruments (United States), Adam Equipment Co. (United Kingdom), BAXTRAN (Italy) and Biobase (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Boeckel Co (Germany), Brecknell (United Kingdom) and Cole-Parmer Instrument Company, LLC. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Electronic Balance for Analysis market by Type (Ultra and Micro Balances, Laboratory Balances and Others), Application (Teaching Purposes, Pharmacies, Medical, Chemical Labs and Others) and Region.
On the basis of geography, the market of Electronic Balance for Analysis has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Electronic Balance for Analysis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand of Electric Balances as An Alternative to Traditional Mechanical Balances
Market Growth Drivers:
Increasing Use of Electric Balances for Precise Measurements and Growing Consumption of Electric Balances for Measuring More Range for Analytical Purposes
Challenges:
Deposition of Dust Can Alter the Results and Changes in Surroundings Can Influence the Results of Electrical Balances
Restraints:
The wrong Calibration Can Ruin the Results
Opportunities:
Increasing Number of Research Labs Who Need Electrical Balance for Analytical Purposes and Growing Demand of Electrical Balances from Emerging Economies
Market Leaders and their expansionary development strategies
In August 2023, SAP SE and Google Cloud announced an expanded partnership to help enterprises harness the power of data and generative AI. The companies will combine their integrated open data cloud using the SAP Datasphere solution with Vertex AI to launch new generative AI-powered industry solutions starting with automotive and introduce new capabilities to help customers improve sustainability performance.
In August 2023, Precisa launched the Gravimeter GA503 this is a high-precision balance that is designed for use in laboratories and other research environments. It has a readability of 0.01mg and a capacity of 50g.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Electrical Balances for Analysis Purpose Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.