LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global circulating water baths market provides an analysis on the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Amber Chourasia, a lead analyst from Technavio, specializing in research on lab equipment sector says, “The global circulating water baths market is growing steadily at a CAGR of more than 4%, due to the constant demand from end-users, such as chemical industries, microbiology laboratories, and others. Increased focus on innovation and technological advancement will lead to further growth of the market during the forecast period.”
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The top three emerging market trends driving the global circulating water baths market according to Technavio research analysts are:
- Flexibility of equipment
- Reduction in sample volumes
- Development of energy-efficient equipment
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, leads to reduced expenses.
“Vendors are also trying to reduce the cost of operation and energy consumption, as the rate of energy consumption is high in circulating water baths. With the introduction of digital interfaces and audio-visual alarms and controls, this equipment has not only become more user-friendly but it also reduces the need for human input and has become more compatible with more processes,” says Amber.
Reduction in sample volumes
The modification in the design of laboratory equipment has led to the reduction in sample volumes. Researchers have learnt to work with low volumes of sample as they give accurate results. The reduction in the number of required reagents or samples not only reduces the overall cost per test but also reduces the expenses related to waste disposal.
The ability to work with smaller sample sizes has led the laboratory equipment manufacturers to design equipment and instrument that can accommodate a larger number of samples with lower volume. Circulating water baths are likely to accommodate more samples due to the availability of more space, which will help to improve laboratory output. This will increase the demand for circulating water baths in future, thus driving the market growth.
Development of energy-efficient equipment
Circulating water baths are known for their high-energy consumption, as they consume more energy than an average standby laboratory device even when they are not in use. Companies such as Thermo Fisher Scientific have recently introduced gassing hoods that minimize energy consumption.
Energy efficiency will be a key area of innovation for circulating water baths during the forecast period. Thus, in future, there will be an increased demand for energy-efficient circulating water baths. Vendors would likely increase their investments in R&D to produce the same and retain their customer base.
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