Global Lab Balance Market Growth 2023-2029

Global Lab Balance Market Growth 2023-2029

Lab balance is a class of balance designed to measure small mass in the sub-milligram range.

A top loading balance (also referred to as top loader balance) is among the most common types of weight measuring scales used in the laboratory. Top loading balances are available in a variety of sizes and weight capacities, from 20 g to 64.1 kg.

The measuring pan of an analytical balance (0.1 mg or better) is inside a transparent enclosure with doors so that dust does not collect and so any air currents in the room do not affect the balance's operation.

LPI (LP Information)' newest research report, the “Lab Balance Industry Forecast” looks at past sales and reviews total world Lab Balance sales in 2022, providing a comprehensive analysis by region and market sector of projected Lab Balance sales for 2023 through 2029. With Lab Balance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lab Balance industry.

This Insight Report provides a comprehensive analysis of the global Lab Balance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lab Balance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lab Balance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lab Balance and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lab Balance.

The global Lab Balance market size is projected to grow from US$ 742.4 million in 2022 to US$ 1004.1 million in 2029; it is expected to grow at a CAGR of 1004.1 from 2023 to 2029.

The industry's leading producer is Mettler Toledo， which accounted for 44% of revenue.United States is the largest market, with a share about 32%, followed by Europe and China with the share about 30% and 10%.In terms of product, analytical balance is the largest segment, with a share about 60%. And in terms of application, the largest application is research center, followed by university.

This report presents a comprehensive overview, market shares, and growth opportunities of Lab Balance market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Top Loading Balance

Analytical Balance

Segmentation by application

University

Research Center

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Mettler Toledo

Sartorius

A&D

Shimadzu

Thermo Fisher

Techcomp (Precisa)

Bonso Electronics

Adam Equipment

Radwag

BEL Engineering

KERN & SOHN

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lab Balance market?

What factors are driving Lab Balance market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Lab Balance market opportunities vary by end market size?

How does Lab Balance break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.