Navigation Links
Laboratory Fume Hoods Manufacturing in the US Industry Market Research Report Now Available from IBISWorld
Date:8/15/2014

(PRWEB) August 15, 2014

The Laboratory Fume Hoods Manufacturing industry manufactures ventilation devices that are designed to limit exposure to hazardous or noxious fumes, vapors or dusts. As the economy started showing signs of weakness and the United States retreated into a recession, fume hood manufacturers faced decreased demand for industry products. When revenue for businesses and laboratories fell, they could not justify investing in new lab equipment, which includes fume hoods. Although demand has picked up in line with the recovering economy, the recessionary decline has continued to weigh heavily on the industry. As a result, Laboratory Fume Hoods Manufacturing industry revenue is expected to stagnate over the five-year period, declining slightly at an annualized rate of 0.0% to $625.9 million.

Research and development (R&D) spending is tied to total corporate revenue. As a result, it fluctuates closely with the overall economy. According to IBISWorld Industry Analyst Dmitry Diment, “When revenue tightened during the recession, businesses cut back on funding research in order to develop new products.” Total R&D expenditure declined through 2010, and as a result, investment in laboratory and safety equipment, including fume hoods, dropped significantly. However, in 2011, economic conditions improved and corporate profit continued to recover. Consequently, total R&D expenditure rose 3.3% during that year. R&D is projected to continue to expand moderately over the five year period, growing 1.9% per year on average. Despite the slowed growth in R&D expenditure, the industry has benefited from new product offerings that save energy through lower air volume, while at the same time, adhering to changing regulations and testing standards. Ductless hoods have further improved energy efficiency and cost savings by using activated carbon filters to remove toxins from the airstream. As a result, industry revenue is expected to grow 2.1% in 2014.

“Over the five years to 2019, the industry is projected to grow at a faster rate as companies invest in new products, thus increasing their R&D expenses,” says Diment. One of the primary impetuses of growth will be an increase in international demand for US laboratory fume hood products. Strong growth in research capabilities among private, government and educational institutions in China and the rest of Asia will likely drive growth in exports.

For more information, visit IBISWorld’s Laboratory Fume Hoods Manufacturing industry in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld.
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189.

IBISWorld industry Report Key Topics

The Laboratory Fume Hoods Manufacturing industry includes establishments operating within the United States that manufacture fume hoods, which are ventilation devices designed to limit exposure to hazardous or noxious fumes, vapors or dusts.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2014/08/prweb12091221.htm.


'/>"/>
Source: PRWeb
Copyright©2014 Vocus, Inc.
All rights reserved

Related biology technology :

1. Health Diagnostic Laboratory, Inc. Provides Largest Corporate Gift in Science Museum of Virginias History
2. First Free-Standing International Mesothelioma Research Laboratory Opens in Los Angeles
3. Pacific Meso Center Receives Generous Donation to First Free-Standing Mesothelioma Research Laboratory in Los Angeles
4. TrovaGene Acquires CLIA - Certified Laboratory
5. New laboratory method uses mass spectrometry to rapidly detect staph infections
6. White House S&T advisor the Honorable Dr. John Holdren tours Naval Research Laboratory
7. Aviir Diagnostics Laboratory in Collaboration with Cause;ology Sponsors "Storyland," a Red Carpet Charity Extravaganza in Hollywood
8. Health Diagnostic Laboratory Names Scott Blackwell Vice President of Corporate Culture
9. Instrumentation Laboratory Moves To Direct Distribution Of Hemostasis Product Line In North America
10. Uncertainty Surrounding How to Optimize Laboratory Services?
11. Laboratory Equipment Marketplace LabX.com Receives Fresh Look and Updated Features
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... , June 27, 2016   Ginkgo Bioworks , ... industrial engineering, was today awarded as one of ... of the world,s most innovative companies. Ginkgo Bioworks ... for the real world in the nutrition, health ... work directly with customers including Fortune 500 companies ...
(Date:6/24/2016)... SAN DIEGO , June 24, 2016 /PRNewswire/ ... that more sensitively detects cancers susceptible to PARP ... individual circulating tumor cells (CTCs). The new test ... of HRD-targeted therapeutics in multiple cancer types. ... therapies targeting DNA damage response pathways, including PARP, ...
(Date:6/24/2016)... ... June 24, 2016 , ... Researchers at the Universita Politecnica ... in people with peritoneal or pleural mesothelioma. Their findings are the subject of a ... , Diagnostic biomarkers are signposts in the blood, lung fluid or tissue of ...
(Date:6/23/2016)... ... June 23, 2016 , ... UAS LifeSciences, one of the ... brand, UP4™ Probiotics, into Target stores nationwide. The company, which has been manufacturing ... to its list of well-respected retailers. This list includes such fine stores as ...
Breaking Biology Technology:
(Date:4/15/2016)...  A new partnership announced today will help ... in a fraction of the time it takes ... life insurance policies to consumers without requiring inconvenient ... Diagnostics, rapid testing (A1C, Cotinine and HIV) and ... weight, pulse, BMI, and activity data) available at ...
(Date:4/14/2016)... BioCatch ™, the global ... the appointment of Eyal Goldwerger as CEO. ... Goldwerger,s leadership appointment comes at a time of significant ... of its platform at several of the world,s largest ... unique cognitive and physiological factors, is a winner of ...
(Date:3/31/2016)... RATON, Florida , March 31, 2016 ... LEGX ) ("LegacyXChange" or the "Company") ... for potential users of its soon to be launched ... video ( https://www.youtube.com/channel/UCyTLBzmZogV1y2D6bDkBX5g ) will also provide ... the use of DNA technology to an industry that ...
Breaking Biology News(10 mins):