The Asia Pacific Laboratory Balances and Scales Market would witness market growth of 5.3% CAGR during the forecast period (2022-2028).
The technological developments in electronics has remarkably decreased the complexity of handling balances and has significantly cut back on weighing times. The balances have become much handy and accessible that they can be easily installed directly into the process of production.
The Laboratory balances like compact balances and precision balances available in the small laboratories or classroom are compact in size and can be efficiently piled into the storerooms. Additionally, having the capability of being utilized in small spaces, the battery-operated digital balances can also be used in fieldwork where electricity is not available.
The digital balances offer easy readability. The LCD screen on the digital balance shows the correct weight. Apart from this, digital balances basically have the ability to provide higher precision and accuracy than any other scale. Moreover, digital balances allow the users to see and record the data like weight history and body fats level. It also calculates and syncs the data to a computer and mobile phone.
The pharmaceutical industry of India is also the part of the largest industries in the region. India exports a huge amount of medicines all over the world. The government of India has launched supporting initiatives to provide surety of toughness towards external shocks, offer higher security for drugs, and grow the ability for domestic production of critical drugs. The expanding pharmaceutical industry is anticipated to surge the growth of the laboratory balances and scales market in the Asia Pacific region.
The China market dominated the Asia Pacific Laboratory Balances and Scales Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $105.8 million by 2028. The Japan market is estimated to grow a CAGR of 4.6% during (2022 - 2028). Additionally, The India market would experience a CAGR of 5.9% during (2022 - 2028).
Based on Product Type, the market is segmented into Analytical Balances, Precision Balances, Moisture Balances, Compact Scale, Micro Balance, and Others. Based on End User, the market is segmented into Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories, Chemical & Material Testing laboratories, Food & Beverage Testing Laboratories, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mettler-Toledo International, Inc., A&D HOLON Holdings Company, Limited, Sartorius AG, Shimadzu Corporation, Adam Equipment Inc. (Indutrade AB), Essae-Teraoka Pvt. Ltd., Scientech, Inc., Radwag Balances and Scales, Kern & Sohn GmbH, and PCE Holding GmbH.
The technological developments in electronics has remarkably decreased the complexity of handling balances and has significantly cut back on weighing times. The balances have become much handy and accessible that they can be easily installed directly into the process of production.
The Laboratory balances like compact balances and precision balances available in the small laboratories or classroom are compact in size and can be efficiently piled into the storerooms. Additionally, having the capability of being utilized in small spaces, the battery-operated digital balances can also be used in fieldwork where electricity is not available.
The digital balances offer easy readability. The LCD screen on the digital balance shows the correct weight. Apart from this, digital balances basically have the ability to provide higher precision and accuracy than any other scale. Moreover, digital balances allow the users to see and record the data like weight history and body fats level. It also calculates and syncs the data to a computer and mobile phone.
The pharmaceutical industry of India is also the part of the largest industries in the region. India exports a huge amount of medicines all over the world. The government of India has launched supporting initiatives to provide surety of toughness towards external shocks, offer higher security for drugs, and grow the ability for domestic production of critical drugs. The expanding pharmaceutical industry is anticipated to surge the growth of the laboratory balances and scales market in the Asia Pacific region.
The China market dominated the Asia Pacific Laboratory Balances and Scales Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $105.8 million by 2028. The Japan market is estimated to grow a CAGR of 4.6% during (2022 - 2028). Additionally, The India market would experience a CAGR of 5.9% during (2022 - 2028).
Based on Product Type, the market is segmented into Analytical Balances, Precision Balances, Moisture Balances, Compact Scale, Micro Balance, and Others. Based on End User, the market is segmented into Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories, Chemical & Material Testing laboratories, Food & Beverage Testing Laboratories, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mettler-Toledo International, Inc., A&D HOLON Holdings Company, Limited, Sartorius AG, Shimadzu Corporation, Adam Equipment Inc. (Indutrade AB), Essae-Teraoka Pvt. Ltd., Scientech, Inc., Radwag Balances and Scales, Kern & Sohn GmbH, and PCE Holding GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Analytical Balances
- Precision Balances
- Moisture Balances
- Compact Scale
- Micro Balance
- Others
By End User
- Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories
- Chemical & Material Testing laboratories
- Food & Beverage Testing Laboratories
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Mettler-Toledo International, Inc
- A&D HOLON Holdings Company, Limited
- Sartorius AG
- Shimadzu Corporation
- Adam Equipment Inc. (Indutrade AB)
- Essae-Teraoka Pvt. Ltd
- Scientech, Inc
- Radwag Balances and Scales
- Kern & Sohn GmbH
- PCE Holding GmbH
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Laboratory Balances and Scales Market, by Product Type
1.4.2 Asia Pacific Laboratory Balances and Scales Market, by End User
1.4.3 Asia Pacific Laboratory Balances and Scales Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Laboratory Balances and Scales Market by Product Type
3.1 Asia Pacific Analytical Balances Market by Country
3.2 Asia Pacific Precision Balances Market by Country
3.3 Asia Pacific Moisture Balances Market by Country
3.4 Asia Pacific Compact Scale Market by Country
3.5 Asia Pacific Micro Balance Market by Country
3.6 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Laboratory Balances and Scales Market by End User
4.1 Asia Pacific Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories Market by Country
4.2 Asia Pacific Chemical & Material Testing laboratories Market by Country
4.3 Asia Pacific Food & Beverage Testing Laboratories Market by Country
4.4 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Laboratory Balances and Scales Market by Country
5.1 China Laboratory Balances and Scales Market
5.1.1 China Laboratory Balances and Scales Market by Product Type
5.1.2 China Laboratory Balances and Scales Market by End User
5.2 Japan Laboratory Balances and Scales Market
5.2.1 Japan Laboratory Balances and Scales Market by Product Type
5.2.2 Japan Laboratory Balances and Scales Market by End User
5.3 India Laboratory Balances and Scales Market
5.3.1 India Laboratory Balances and Scales Market by Product Type
5.3.2 India Laboratory Balances and Scales Market by End User
5.4 South Korea Laboratory Balances and Scales Market
5.4.1 South Korea Laboratory Balances and Scales Market by Product Type
5.4.2 South Korea Laboratory Balances and Scales Market by End User
5.5 Singapore Laboratory Balances and Scales Market
5.5.1 Singapore Laboratory Balances and Scales Market by Product Type
5.5.2 Singapore Laboratory Balances and Scales Market by End User
5.6 Malaysia Laboratory Balances and Scales Market
5.6.1 Malaysia Laboratory Balances and Scales Market by Product Type
5.6.2 Malaysia Laboratory Balances and Scales Market by End User
5.7 Rest of Asia Pacific Laboratory Balances and Scales Market
5.7.1 Rest of Asia Pacific Laboratory Balances and Scales Market by Product Type
5.7.2 Rest of Asia Pacific Laboratory Balances and Scales Market by End User
Chapter 6. Company Profiles
6.1 Mettler-Toledo International, Inc.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expenses
6.1.5 Recent strategies and developments:
6.1.5.1 Product Launches and Product Expansions:
6.1.5.2 Acquisition and Mergers:
6.2 A&D HOLON Holdings Company, Limited
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.3 Sartorius AG
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.4 Shimadzu Corporation
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.5 Adam Equipment Inc. (Indutrade AB)
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Development Expenses
6.6 Essae-Teraoka Pvt. Ltd.
6.6.1 Company Overview
6.7 Scientech, Inc.
6.7.1 Company Overview
6.8 Radwag Balances and Scales
6.8.1 Company Overview
6.9 Kern & Sohn GmbH
6.9.1 Company Overview
6.10. PCE Holding GmbH
6.10.1 Company Overview
Companies Mentioned
- Mettler-Toledo International, Inc.
- A&D HOLON Holdings Company, Limited
- Sartorius AG
- Shimadzu Corporation
- Adam Equipment Inc. (Indutrade AB)
- Essae-Teraoka Pvt. Ltd.
- Scientech, Inc.
- Radwag Balances and Scales
- Kern & Sohn GmbH
- PCE Holding GmbH
Methodology
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