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Global Thermostatic Baths market will reach 240 million US$ by the end of 2025
Published Date: 2018/9/26
Thermostatic bath is a kind of indispensable precise temperature control equipment in thermal test measurement equipment, widely used in the thermometer, heat resistance, and other measuring instruments' verification field. Nowadays the most common constant temperature bath are water constant temperature bath and oil constant temperature bath with water or oil as medium.
Thermostatic Baths are laboratory equipment that are used to incubate or maintain samples at a constant temperature over long periods of time. They consist of a metal or transparent plastic container that is filled with heated fluid. The most commonly used types are water bath and oil bath, others like sand baths, or silicone baths are often used for specific applications. Based on Bath Container Size/Capacity, Thermostatic Baths below 10 L composed of most market share, about 62% in 2016.
The biggest market drivers are expansion and increase in the number of research and testing facilities worldwide. Steady growth of the primary end-user industries for Thermostatic baths will also help the market to grow over the future period. Major challenge inhibiting the growth of the global water bath market is the introduction of metal baths (mainly bead bath). Though with higher cost, the special advantages over water baths may keep the metal bath market continuously expanded scale and seize more market share.
Geographically, the consumption market is leading by North America and Europe, sales in Asia Pacific regions like China, Japan, Southeast Asia and India will see significant growth in future period. In terms of year 2016, Europe holds the largest market share, with about 41.72 K Units sold, followed by North America, with about 33.71% market share in 2016.
The global Thermostatic Baths market is valued at 180 million US$ in 2017 and will reach 240 million US$ by the end of 2025, growing at a CAGR of 4.0% during 2018-2025.
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