Precision balances are widely used in the pharmaceutical industry to precisely measure the
ingredients so they may manufacture the exact products as slight variations in the ingredients
may alter the combination of the desired products. According to International Federation of
Pharmaceutical Manufacturers & Associations (2018), the global pharmaceutical market will
reach nearly US$ 1,430 billion by 2020. Hence, growing demand for high accuracy precision
balances is fueling growth of the market.
Regional Analysis of Precision Balances Market
Growing demand for modern retail stores such as departmental stores and mega marts in the
European region drives growth of the precision balances market in the region. Furthermore,
precision balances enhance shopping experiences of customers, such as self-weighing machines
integrated with barcode and receipt number by saving time.
Global Precision Balances: Competitive Landscape
Some of the key players operating in the global precision balances include Sartorius Group,
Mettler Toledo, Kern & Sohn GmbH, Ohaus, Sauter GmbH, Sansui Electronics (P) Ltd., Shimadzu
Corporation, Wensar, MRC Ltd., and Adam Equipment S.A. (Pty) Ltd.
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Global Precision Balances Market: Taxonomy
On the Basis of Product Type
o Assisted Precision Balances
o Manual Precision Balances
o Automatic Precision Balances
On Basis of Applications
o Industrial
o Research Institute
o Others
On the Basis of Region