World Circulating Water Baths Market 4.23% CAGR by 2021 Driven by Rapid Growth of E-Commerce
ReportsnReports.com adds Global Circulating Water Baths Market 2017-2021 latest research report; the analysts forecast global circulating water baths industry to grow at a CAGR of 4.23% during the period 2017-2021.
June 21, 2017 /MarketersMedia/ —
The latest trend gaining momentum in the circulating water baths market is flexibility of equipment. Of late, laboratories have been demanding more flexibility in almost all laboratory products for better use of the equipment and to save on costs. The circulating water baths have been incorporated with features and accessories that improve the flexibility of these products allowing the same equipment to be used for several processes within the laboratory. The raw materials that are used are rust-resistant and can be used for longer periods, which, in turn, reduces the expenses of the user in changing the equipment.
Complete report on circulating water baths market spread across 69 pages, analyzing 4 major companies and providing 34 data exhibits are now available at http://www.reportsnreports.com/reports/1062662-global-circulating-water-baths-market-2017-2021.html .
According to the circulating water baths market report, one of the major drivers for this market is rapid growth of e-commerce. The rapid growth of the e-commerce industry over the past few years has created new opportunities for laboratory equipment manufacturers with respect to supply and expansion. It has been seen that the sales rate in e-commerce channels will grow by approximately 11-12% in the UK and 9-10% in the US by 2021.
The following companies as the key players in the global circulating water baths market: Grant Instruments, JULABO, PolyScience, and Thermo Fisher Scientific. Other prominent vendors in the market are: Benchmark Scientific, Cole-Parmer, Boekel Scientific, C&A Scientific, Carolina Biological Supply, Edvotek, Heidolph, Peter Huber Kältemaschinenbau, Humboldt, and IKA Works. Order a copy of Global Circulating Water Baths Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=1062662 .
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Global Circulating Water Baths Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This report covers the present scenario and the growth prospects of the global circulating water baths market for 2017-2021. To calculate the market size, the report considers the sales of the circulating water bath equipment.
Further, the circulating water baths market report states that one of the major factors hindering the growth of this market is high cost of equipment. The cost of a laboratory water bath generally ranges between $380 – $7,500 depending on the type of water bath and the manufacturer. Generally, a regular circulating water bath costs around $850. The additional charges for continual service and maintenance will further add to the total cost of ownership, making it a relatively large investment. Though the total cost of ownership of a water bath has reduced significantly over the past few years, the cost of owning a water bath will remain a challenge. The cost of energy that water baths use is relatively higher than an average laboratory equipment of the same size. Thus, the high price may restrict the buyers in developing countries, which will, in turn, affect the revenue of the vendors.
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The circulating water baths market study conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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