Global Precision Balances (1mg to 0.1g) Market Growth 2023-2029

Global Precision Balances (1mg to 0.1g) Market Growth 2023-2029

The global Precision Balances (1mg to 0.1g) market size is projected to grow from US$ 348.3 million in 2022 to US$ 454.9 million in 2029; it is expected to grow at a CAGR of 454.9 from 2023 to 2029.

The key manufacturers of global precision balances (1mg to 0.1g) include Mettler Toledo, Sartorius, Shimadzu, A&D, SHINKO DENSHI, Shanghai Yueping, Precisa(Techcomp), Longteng Electronics, XINGYUN Electronic Equipment and Bonso Electronics, among which the top five manufacturers hold more than 60% of the market share, and the largest manufacturer is Mettler Toledo. The production of global precision balance (1mg to 0.1g) is mainly distributed in Europe, China, North America and Japan, among which the first two major production regions account for nearly 70% of the market share. At present, Europe is the largest production region, accounting for more than 30% of the market share, followed by China and North America. In terms of products, the relative growth rate of 0.001 g resolution is faster. At present, the market share of 0.001 g resolution is close to 50%, followed by 0.01 g resolution. In terms of applications, laboratories and academic institutes are the largest application fields, with more than 50% of the market share, followed by industrial applications, medical and pharmaceutical.

A precision balance is a weighing balance designed to accurately measure objects down to the smallest division. These balances can provide extremely precise and reliable readings, making them perfect for many industrial and laboratory applications. Precision balances can measure from a few hundred grams to kilograms. Although precision balances have a higher capacity, they don't weigh as accurately as analytical balances. Precision balances may offer additional features such as automatic taring, parts counting, percentage weighing, density determination, or mass unit conversions.

Precision balance/ scales or technical scales with division from 0.001g to 0.1g.

LPI (LP Information)' newest research report, the “Precision Balances (1mg to 0.1g) Industry Forecast” looks at past sales and reviews total world Precision Balances (1mg to 0.1g) sales in 2022, providing a comprehensive analysis by region and market sector of projected Precision Balances (1mg to 0.1g) sales for 2023 through 2029. With Precision Balances (1mg to 0.1g) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Precision Balances (1mg to 0.1g) industry.

This Insight Report provides a comprehensive analysis of the global Precision Balances (1mg to 0.1g) 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 Precision Balances (1mg to 0.1g) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Precision Balances (1mg to 0.1g) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Precision Balances (1mg to 0.1g) 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 Precision Balances (1mg to 0.1g).

This report presents a comprehensive overview, market shares, and growth opportunities of Precision Balances (1mg to 0.1g) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
0.001g Resolution
0.01g Resolution
0.1g Resolution

Segmentation by application
Laboratories & Academic Institutes
Industrial Application
Medical and Pharmaceutical
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
Shimadzu
A&D
SHINKO DENSHI
Shanghai Yueping
Precisa (Techcomp)
Longteng Electronics
XINGYUN Electronic Equipment
Bonso Electronics
Radwag
Adam Equipment
KERN & SOHN
BEL Engineering
Scientech Inc.
PCE Instruments
Aczet
Scientific Industries, Inc.
Sunny Hengping Instrument

Key Questions Addressed in this Report

What is the 10-year outlook for the global Precision Balances (1mg to 0.1g) market?

What factors are driving Precision Balances (1mg to 0.1g) market growth, globally and by region?

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

How do Precision Balances (1mg to 0.1g) market opportunities vary by end market size?

How does Precision Balances (1mg to 0.1g) 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.