LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in the global water bath market in their latest research report. This report also highlights 18 other vendors predicted to influence market growth over the forecast period.
To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. The report covers the major end-user segments of this market, including chemical, microbiology, food processing, protein engineering, and others.
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“Primary end users of water baths such as the chemical, protein engineering, and molecular biology sectors are expected to exhibit rapid growth over the next five years, which will lead to a rise in demand for water baths, resulting in the growth of the global water bath market over the forecast period,” said Abhay Sinha, one of Technavio’s lead analysts for new research areas.
“Among the end-users, the protein engineering segment is the fastest growing user and is expected to grow rapidly at a CAGR of 16.22% over the forecast period, followed by molecular biology at 14.04%. Molecular biology is expected to grow with a CAGR of 14.04% and virology with 5.27%. Both of these end-user industries fall under microbiology, a key segment anticipated to buoy the market until 2020,” added Abhay.
Top five leading vendors in the global water bath market:
Grant Instruments was founded in 1952 and is headquartered in Cambridgeshire, UK. The company designs and manufactures equipment for scientific analysis, sample preparation, data acquisition, and data analysis for scientific and industrial markets. Its products are used for research applications in life sciences, chemical, and general laboratory markets. These products are marketed through a network of distributors and dealers in Europe, the Americas, and APAC.
Grant Instruments established its presence in the global water bath market with a variety of sourced products and services required in the laboratory. It designs and manufactures a wide range of water baths and other related products. The company is focused on expanding its presence in the market with strategic initiatives, and expanding its products portfolio by launching new products.
Julabo was founded in 1967 and is headquartered in Seelbach, Germany. The company is engaged in R&D, manufacture, and commercialization of various types of temperature control systems. The company serves various industries, including pharmaceutical, semiconductor, electronics, chemical, petroleum, automobile, aerospace, and space. Their products and solutions are used in universities, colleges, institutes, hospitals, as well as food and beverage, cosmetics, metal and steel, optical, and construction industries.
JULABO established its presence in the global water bath market with a variety of sourced products and services that are required in the laboratory. The company designs and manufactures a wide range of water baths and other related products. JULABO also engages in the R&D, manufacturing, and marketing of various products such as refurbished units, temperature controlled solutions, shaking water baths, recirculating coolers, heating circulators, and related accessories.
PolyScience was established in 1963 and is headquartered in Illinois, US. The company manufactures and markets a wide range of materials and equipment for biotechnology and laboratory applications.
PolyScience established its presence in the global water bath market with its range of circulating baths, specialty baths, calibration baths, general purpose water baths, chillers and coolers, and fluids and accessories. PolyScience is a division of Preston Industries. The company also offers circulators with reservoir sizes ranging from 6-28 liters, with heated only and refrigerated models. They come with different types of temperature controls and are easy to operate.
Sheldon Manufacturing was founded in 1970 and is headquartered in Cornelius, Oregon, US. It designs, manufactures, and sells a variety of constant temperature equipment for the pharmaceutical, research, biotechnology, and production markets. Its products include laboratory incubators, low temperature and refrigerated incubators, hybridization ovens, shaking incubators and water baths, vortex mixers, bead baths, and related accessories. The products are used in various applications such as cell and tissue culture, immunology, micro and cell biology, stability testing, pharmacology, bacteriology, industrial and laboratory, fermentation studies, bacterial culturing, molecular biology protocols, and solubility and metabolism studies. The company sells products online and through dealers and distributors worldwide.
Sheldon Manufacturing established its presence in the global water bath market with its range of water baths and focuses on expanding its presence in the global water bath market. It offers products under the brand name SHEL LAB.
Thermo Fisher Scientific
Thermo Fisher Scientific is a pioneer in high-tech instruments. The company helps the laboratory, life science, and industrial customers approach scientific knowledge, enable drug discovery, boost manufacturing processes, and secure people and the environment with instruments, scientific equipment, services, and software solutions. Its instruments automatically monitor and control online production to ensure the quality and safety of raw materials as well as the end products.
Thermo Fisher Scientific established its presence in the global water bath market with its range of sourced products and services that are required in the laboratory. The company specializes in the design and manufacture of a wide range of water baths. For FY2014, the company's Laboratory Products and Services segment generated a revenue of close to USD 6.60 billion, accounting for 38% in the company's total revenue.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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