Global Fume Hood Monitors Market to Reach $166 Million by 2027
Amid the COVID-19 crisis, the global market for Fume Hood Monitors estimated at US$141.7 Million in the year 2020, is projected to reach a revised size of US$166 Million by 2027, growing at a CAGR of 2.3% over the period 2020-2027. Ducted fume hoods, one of the segments analyzed in the report, is projected to record 2.2% CAGR and reach US$104.2 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ductless fume hoods segment is readjusted to a revised 2.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $38.5 Million, While China is Forecast to Grow at 3.6% CAGR
The Fume Hood Monitors market in the U.S. is estimated at US$38.5 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$30.8 Million by the year 2027 trailing a CAGR of 3.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.
Select Competitors (Total 43 Featured):
Amid the COVID-19 crisis, the global market for Fume Hood Monitors estimated at US$141.7 Million in the year 2020, is projected to reach a revised size of US$166 Million by 2027, growing at a CAGR of 2.3% over the period 2020-2027. Ducted fume hoods, one of the segments analyzed in the report, is projected to record 2.2% CAGR and reach US$104.2 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ductless fume hoods segment is readjusted to a revised 2.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $38.5 Million, While China is Forecast to Grow at 3.6% CAGR
The Fume Hood Monitors market in the U.S. is estimated at US$38.5 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$30.8 Million by the year 2027 trailing a CAGR of 3.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.
Select Competitors (Total 43 Featured):
- Critical Room Control
- Degree Controls, Inc.
- Dwyer Instruments, Inc.
- Esco Micro Pte. Ltd.
- Hans Schneider Elektronik GmbH
- Labconco Corporaton
- Price Industries
- Shanghai Isong Airflow Control Technology Co., Ltd
- Temperature Electronics Ltd.
- Triatek (Georgia)
- TSI, Inc.
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Note: Product cover images may vary from those shown
I. METHODOLOGY
II. EXECUTIVE SUMMARY
III. MARKET ANALYSIS
IV. COMPETITION
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- Impact of Covid-19 and a Looming Global Recession
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 43
Note: Product cover images may vary from those shown
