Global Fume Hood Monitors Market 2017-2021 - Growing Pharmaceutical Investments in India to Drive Growth

The global fume hood monitors market to grow at a CAGR of 2.10% during the period 2017-2021.

The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 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.

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.

Key Market Trends

Key vendors

Other prominent vendors

Key Topics Covered:

For more information about this report visit https://www.researchandmarkets.com/research/9trc49/global_fume_hood

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