Laboratory washer systems are used to dry lab glassware in research facilities and laboratories. Laboratory washers use a group of methods that enable the separation of dries in laboratories. The widespread adoption of laboratory washers in laboratory instrumentation is one of the major factors that is driving their adoption. Also, laboratory washers are becoming essential components in life science research, agriculture, biotechnology, and pharmaceutical industries, and due to this factor, the laboratory washers market is expected to witness a high growth rate during the forecast timespan.
Major growth factors of the laboratory washers market are rising government support and investments in medical & healthcare technologies, coupled with increasing collaborations and partnerships between laboratory washer manufacturers and research laboratories. In addition to this, the rising concerns about laboratory safety and technological advancements in laboratory equipment are creating the high demand for laboratory washers. Moreover, laboratory washers are considered as cost-effective alternatives for other traditional washers, and due to this factor, the demand for laboratory washers is increasing rapidly.
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Laboratory Washers Market: Drivers and Challenges
The increasing demand for natural gas and healthcare industries is towering the growth of the laboratory washers market. Thus, the wide application areas of laboratory washers is creating their high need, and is driving the growth of the laboratory washers market. Apart from this, rising government investments and increasing research activities in the field of proteomics, metabolomics, and medicine are supporting the growth of the laboratory washers market. Furthermore, the increasing demand for advanced technologies in laboratory washers for enhanced laboratory processes and performance is a primary factor that is impelling the growth of the laboratory washers market.
The high cost associated with laboratory washers is a major factor that is hampering the growth of this market. Also, the lack of skilled personnel to handle laboratory washers and alternative systems is also hindering the growth of the laboratory washers market.
Laboratory Washers Market: Segmentation
Segmentation of the laboratory washers market on the basis of capacity:
At present, the medium capacity sub-segment is creating potential revenue opportunities for the laboratory washer manufacturers, owing to the increasing demand for energy-efficient laboratory washers in most of the developing and developed nations.
Segmentation of the laboratory washers market on the basis of End Use:
The industrial sub-segment is expected to experience a double digit growth rate for the laboratory washers market, due to the increasing digitalization of various industry verticals. In parallel, the laboratory sub-segment is expected to hold a larger market share in 2018.
Laboratory Washers Market: Competition Landscape
Some of the major players in the global laboratory washers market include SP Industries, Inc., Lancer Sales USA (Getinge Group), Labconco Corporation, Thermo Fisher Scientific, Inc., VWR International, Cole-Parmer Instrument Company, LLC (GTCR), Miele & Cie. KG, Scientek Technology Corporation, and Smeg S.p.A., and other laboratory washers manufacturers.
Laboratory Washers Market: Regional Overview
On the basis of geography, Asia Pacific is expected to capture the largest market share in terms of revenue in the laboratory washers market, owing to a rise in the adoption of laboratory washers in various industries, and the presence of various laboratory washer manufacturers in the region. Asia Pacific and Europe are expected to witness high growth in the global laboratory washers market, due to increasing government investments in laboratory technologies. The rising concerns about lab safety in the various countries of Asia Pacific, such as China and India, are also some of the major factors that are driving the growth of the laboratory washers market in the region. The laboratory washers market in North America is also expected to grow at high a CAGR, owing to various initiatives taken by the government in research activities in the field of medicine, proteomics, and metabolomics. The laboratory washers markets in MEA and Latin America are also expected gain substantial market share in terms of revenue in the coming period, due to the increasing penetration of petroleum, petrochemical, fine & specialty chemicals, natural gas, and fuel cell industries in these regions.
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