Global Fume Hood Monitors Market 2017-2021
About Fume Hood Monitors
Fume hood monitors are devices attached to fume hoods that provide information to the user regarding the face velocity and airflow of fume hoods. These devices alert the user by giving an alarm at the time of undesirable airflow. The fume hood monitors market is segmented based on the type of fume hoods used for applications such as laboratory testing services, scientific R&D, diagnostic and medical laboratories, scientific and economic consulting, and manufacturing.
Technavio’s analysts forecast the global fume hood monitors market to grow at a CAGR of 2.10% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global fume hood monitors market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fume Hood Monitors Market 2017-2021
Technavio recognizes the following companies as the key players in the global fume hood monitors market: Dwyer Instruments, Labconco, TEL-UK, and TSI.
Other Prominent Vendors in the market are: CRITICAL ROOM CONTROL, Degree Controls, Esco Micro Pte, GGAB, Hans Schneider Elektronik, ISONGCONTROL, Price Industries, and TRIATEK.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is green and sustainability initiative from fume hood manufacturers and research centers. Incorporation of sustainable behavior by research institutes and centers has been in trend and is expected to have a positive impact on the environment and society. Laboratories and research centers demand for high energy and resources, owing to which they become important targets for green and sustainability initiatives.”
According to the report, one driver in the market is growing pharmaceutical investments in India. The Indian pharmaceutical industry is one of the largest markets in the global pharma industry. The pharmaceutical industry in India offers generic drugs to the global market that account for near about 19.5% of the global exports in volume terms. The biotechnology industry of India comprises biopharmaceuticals, bioagriculture, bioservices, bioinformatics, and bioindustry. The increase in pharmaceutical investments in India is majorly owing to the following factors.
Further, the report states that one challenge in the market is high cost of fume hoods. Several types of costs such as installation, operation, and maintenance costs are incurred by fume hoods. The need for exhaust air also has a significant impact on the total fume hood cost. The annual cost of cooling and heating the exhausted air can be equal to the initial cost of fume hoods. Therefore, to reduce such costs significantly, proper understanding of the hood type and configuration of sash are required while selecting any fume hood based on application type. Installation of fume hoods includes siting a location where they can be installed and evaluating the amount of electrical work and metering required to complete the entire operation.
Dwyer Instruments, Labconco, TEL-UK, TSI, CRITICAL ROOM CONTROL, Degree Controls, Esco Micro Pte, GGAB, Hans Schneider Elektronik, ISONGCONTROL, Price Industries, TRIATEK
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