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Emerging End-users Promise Revenues in the Physical Properties Instrumentation Markets - Frost & Sullivan finds that the World Physical Properties Instrumentation Markets earned revenues of $778.7 million in 2005 and estimates this to reach $1,060.8 million in 2012.
Emerging End-users Promise Revenues in the Physical Properties Instrumentation Markets

 

PRZOOM - /newswire/ - Palo Alto, CA, United States, 2006/06/15 - Frost & Sullivan finds that the World Physical Properties Instrumentation Markets earned revenues of $778.7 million in 2005 and estimates this to reach $1,060.8 million in 2012..

   
 
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Product differentiation, higher customization to suit specific applications, as well as improved product quality will combat the price pressures observed in the maturing physical properties instrumentation markets. Emerging end-user industries such as biosciences, construction and agriculture industries are also likely to provide new revenue opportunities.

Frost & Sullivan finds that the World Physical Properties Instrumentation Markets earned revenues of $778.7 million in 2005 and estimates this to reach $1,060.8 million in 2012 due to sustained demand from traditional end-user industries and growing demand from pharmaceuticals as well as biotechnology and other emerging end-user industries, particularly in the Asia Pacific region.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the World Physical Properties Instrumentation Markets, then send an e-mail to Tori Foster, Corporate Communications, at tori.foster[.]frost.com. Please provide the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information by e-mail upon receipt of the above information.

“Demand from laboratory and process industries for high-quality equipment is set to drive the physical properties instrumentation markets,” notes Frost & Sullivan Research Analyst Lakshman Koundinya. "Industries involved in research as well as quality control applications have become major end users of these products and a large spectrum of emerging end users is likely to offer a host of opportunities for these instruments."

Sustained demand from traditional end-user industries such as food and beverage and chemicals as well as growing demand for high-performance instruments from the pharmaceuticals and biotechnology industry, especially in Asia, is likely to propel the market. With increased foreign direct investments provided to develop the infrastructure of many industries, several industry participants envisage huge demand potential in China, India, Taiwan and other Southeast Asian countries.

However, due to the reduction of capital expenditure by certain key end users, market participants have been reducing prices to retain unit sales, thus leading to lesser revenues. Low product replacement rate and lack of significant regulations in applications that might provide opportunities for growth have made it harder for equipment manufacturers to grow.

“As the market is going through a mature phase, it is important for companies to diversify their products to cater to emerging end users and develop their products accordingly,” explains Koundinya. “Companies must proactively monitor the changing requirements of customers in various end-user groups, identify opportunities for technological innovation and refine strategies to meet growth objectives.”

While developing technologically advanced equipment is essential to increasing opportunities for growth, it is also highly critical that vendors offer instruments that are easier to use. User-friendly instruments customized for specific applications provide the most value to customers and help in customer retention.

World Physical Properties Instrumentation Markets is part of the 9440 Analytical Instrumentation (Test & Measurement) Subscription, which also includes research in the following markets: World Laboratory Analytical Instrumentation Markets and World Process Analytical Instrumentation Markets. All research services included in subscriptions provide detailed discussion of market opportunities and industry trends evaluated following extensive interviews with market participants. Analyst interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

World Physical Properties Instrumentation Markets
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Emerging End-users Promise Revenues in the Physical Properties Instrumentation Markets

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