Importance of Analytical and Measurement Instrument Industries in B2B and B2C Marketplace
Modern science has evolved immensely over the years. Earlier in the field of analysis and measurement Qualitative reviews based on predictions were gained in the results instead of exact quantitative answers. The current trend in analytical instruments is sophisticated software; high quality performance, easy to use interface and portable instrumentation which helps to gain scrutinized spot on qualitative results.
A revolution has emerged in the harnessing of data and that is only possible because of analytical instrument companies who have worked to develop instruments which are simpler to operate and have increased sensitivity. Analytical instrument manufacturers aim to make instruments with uncomplicated interfaces which ultimately have powerful computational engines at the back end which enables the user to analyse the data effectively and accurately.
Analytical measurement instruments include numerous items such as analyzers, analytical lab instruments, Physical measuring instruments, Pressure measuring instruments, Optical Instruments, Flow measuring Instruments, Electronic Measuring Instruments, Measuring and gauging tools and so on.
Importance of analytical laboratory instruments:
Analytical laboratory instruments are now not just confined to the labs at the dispose of the experts but are now in the hands of the people at the workplace where less technical users use them to test the substance and material they work with. Whether its identification, screening of products or even getting hold of counterfeits analytical measurement instruments are a basic necessity now
Therefore due to this high demand in the market there is no doubt that the importance of analytical and measurement industries in B2B and the B2C marketplace is massive. Several industries including the life sciences, Petroleum, Optics and Agricultural and so on are major consumers in the B2B segment.
Statistics to give a clear picture !
Analytical instrument companies worldwide is thriving and gaining huge revenue in this sector. Major analytical and measurement instrument exporters include China who has generated almost $1.5 billion in 2011 and is estimated to generate revenue of almost more than $3 billion in 2018 with a compound annual growth rate of more than 10 percent. Another fine exporter of analytical instruments is Japan where almost only one company for the year 2006, reported net sales of 93,291 million yen. Also in the US only wastewater analytical instrumentation market earned revenue of more than $2.5 million in 2012 and it is estimated to reach almost $330 million in 2018.Other countries such as Australia, India and Taiwan are also big players in the market.
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