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April 22, 2008
Global Laboratory Balances & Scales Market to Reach $1.0 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
Scale manufacturers worldwide have tremendous opportunities to put forward their expertise and keep up the standards of weights and measurements. Continuously pushing the industry to new heights is the technological dimension. Worldwide, the laboratory balances & scales market is projected to amount to $1.0 billion by 2010.
San Jose, CA (PRWEB) April 22, 2008 -- Evolution of civilization would not have gone beyond the barter system, had there not been the convention of weights and measures. Scales and balances have seen years of development, in terms of both technology and its usage. The equipment has become more reliable and accurate and is now capable of storing, manipulating and transmitting data.
Globally, pharmaceutical research laboratories account for a significant share of laboratory balances & scales market with an estimated 36% for 2007, as stated by Global Industry Analysts, Inc. Region-wise, the United States represents a major market, accounting for 37% of the global sales in 2008. Asia-Pacific presents enormous potential for the industry, largely due to the growing national economies and persistent transformation into highly advanced technological fields including biotechnology, electronics, pharmaceutical, specialty chemicals and steel. Among the end-use segments analyzed, Manufacturing Research Laboratories market in Asia-Pacific region is projected to account for $14.8 million by 2010. European laboratory balances & scales market is projected to amount to $266 million by 2010. France, Germany, Italy, and United Kingdom account for about 75% share of the market.
The laboratory scales and balances market is highly competitive. Besides, the industry is also fragmented in terms of geographic regions as well as end-use markets, following the pattern of other weighing instruments markets. As a result, the market is flooded with a number of regional and specialized competitors. Leading players analyzed in the report include A&D Company Ltd., Adam Equipment Co., Avery Weigh-Tronix Inc, Bonso Electronics Limited, CAS Corporation, Mettler Toledo, Ohaus Corporation, Sartorius AG, and Thermo Fisher Scientific, Inc.
The report titled "Laboratory Balances & Scales: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the market by end-use segments including Food Research Laboratories, Chemical Research Laboratories, Manufacturing Research Laboratories, Pharmaceutical Research Laboratories and Other Research Laboratories markets. Analysis is presented for United States, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific (excluding Japan), Latin America & Rest of World. The report enumerates recent developments, mergers, acquisitions and other strategic industry activities.
For more details of this research report, please visit http://www.strategyr.com/Laboratory_Balances_And_Scales_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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Posted by Industrial-Manufacturing at April 22, 2008 12:59 AM