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Laboratory Sieve Shaker Market Is Estimated To Witness High Growth Owing To Opportunity Of High Adoption For Particle Size Analysis

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Poonam
Laboratory Sieve Shaker Market Is Estimated To Witness High Growth Owing To Opportunity Of High Adoption For Particle Size Analysis

Laboratory sieve shakers are mechanical devices that are used to separate particles based on size by shaking screen media such as sieves. They are majorly utilized in various industries such as construction materials, mining, chemicals, food and beverages, pharmaceuticals, and others to determine particle size distribution and for quality control purposes. Laboratory sieve shakers provide uniform and consistent sieving process with controlled sieving time and amplitude of shaking motion. This ensures reliability of test results. The global laboratory sieve shaker market is estimated to be valued at US$ 3.5 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

The market is expected to witness high growth owing to increasing demand for particle size analysis across various industries. Precise particle size distribution analysis is crucial for quality assessment and process control in industries such as construction materials, mining, chemicals, food and beverages, and pharmaceuticals. Laboratory sieve shakers offer fast, reproducible, and accurate sieving process for particle size analysis. Thus, the growing need for particle size testing technologies across manufacturing sectors will augment the demand for laboratory sieve shakers over the forecast period.

Porter's Analysis

Threat of new entrants: Low capital requirements and established buyers allow new companies to enter the market easily. However, existing players have established brand names and distribution networks.

Bargaining power of buyers: Buyers have moderate bargaining power due to the presence of substitutes and availability of options from key players.

Bargaining power of suppliers: Suppliers have low bargaining power due to the availability of substitutes and less differentiation in components.

Threat of new substitutes: Substitutes like ultrasonic cleaners pose a low threat as sieve shakers offer advantages of control and efficiency.

Competitive rivalry: High due to the presence of numerous global and regional players offering differentiated products.

SWOT Analysis

Strengths: Wide applications in sciences, durability, and precision in sieving.

Weaknesses: High maintenance requirements and energy consumption. Susceptibility to vibrations.

Opportunities: Growth in industries like chemicals, pharmaceuticals, food processing augments demand. Developing regions offer scope.

Threats: Stricter environmental regulations and adoption of alternative technologies pose threats. Price wars among players impacts margins.

Key Takeaways

The global Laboratory Sieve Shaker Market Growth is expected to witness high growth due to increased investments in R&D and quality testing. The market in North America dominates due to stringent regulations and an established manufacturing sector. Asia Pacific is expected to grow at the fastest pace attributed to expanding pharmaceutical and chemical industries in India and China.

Key players operating in the Laboratory Sieve Shaker market are Gilson Company, Inc., Russell Finex Ltd., Retsch GmbH, Lao Soung Machinery Co. Ltd., Endecotts Ltd., Bionics Scientific Technologies Ltd., and Thermo Fischer Scientific, Advantech Manufacturing, Dual Manufacturing Co., Inc., and GKM Siebtechnik GmbH. Gilson and Retsch have established themselves as leaders due to product innovations and global expansion initiatives.

For more insights, read- https://www.newsanalyticspro.com/laboratory-sieve-shaker-market-trends-size-and-share-analysis/

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