Thermo Fisher Scientific Inc., Kewaunee International Group, and Nuaire Dominated the Global Laboratory Hoods and Enclosure Market in 2020

The Global Laboratory Hoods and Enclosure Market is expected to grow with a CAGR of 7.7% in the forecast period. The years considered for the study are as mentioned below.

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The global laboratory hoods and enclosure market is a highly consolidated market, including a specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenarios.    

The major players dealing in the global laboratory hoods and enclosure market are introducing a strong range of product providers, launching new products, and adopting strategic initiatives such as mergers, partnerships, and agreements. This helped companies to maximize sales with an enhanced product portfolio.

For instance,

  • In February 2021, Thermo Fisher Scientific Inc. acquired leading cell sorting technology from Propel Labs. These high-speed electronics and the innovative design of the Bigfoot Spectral Cell Sorter accelerate sorting by up to 10 times. It also has an integrated Class II biocontainment system that eliminates the need for separate biosafety cabinets. This acquisition will help the company to strengthen leadership in innovative lab equipment

Thermo Fisher Scientific Inc. is the dominating player in the global laboratory hoods and enclosure market. The other key players existing in the market include WALDNER Holding GmbH & Co. KG, Köttermann GmbH, SHIMADZU RIKA CORPORATION, Yamato Scientific co., ltd., Nuaire, Sentry Air Systems, Inc., Sheldon Laboratory Systems, Bigneat Ltd., Royston Group | Hamilton Lab Solutions, AirClean Systems, Inc.,  Mott Manufacturing Ltd. & Mott Manufacturing LLC., Terra Universal, Inc., Labconco, Esco Micro Pte. Ltd., Flow Science Inc., Air Science U.S. LLC, LOC SCIENTIFIC, Monmouth Scientific Limited, and Kewaunee International Group, among others.

Laboratory Hoods and Enclosure MarketRecent developments:

Thermo Fisher Scientific Inc.

Thermo Fisher Scientific Inc. was founded in the year 1956 and has headquarters in Massachusetts, U.S. It has public ownership. The company focuses on accelerating life sciences research, solving complex analytical challenges, improving patient diagnostics and therapies, or increasing productivity in their laboratories. The company is providing life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and services as business segments, out of which laboratory products and services are the market-focused segments. The company provides product categories such as laboratory products, laboratory chemicals, research and safety market channel, and pharma services under which the market-focused category is laboratory products.

For instance,

  • In April 2018, Thermo Fisher Scientific Inc. expanded its new instruments and software portfolio designed to accelerate discovery and enhance productivity for customers working in pharma and biotech, environmental analysis, academic research, and other applications. Digital science highlights on display include instrument connectivity, cloud enablement, compliance automation, consumables procurement, and other workflow enhancements. This has helped the company to accelerate growth with innovative technologies and thereby sustaining footprints in the market

The company has a wide presence across Asia-Pacific, Europe, Middle East and Africa, North America, and South America. The company has various subsidiaries like Thermo Fisher Scientific Operating Company LLC (Delware, U.S), Thermo Fisher Scientific Senior Financing LLC (Delware, U.S), Thermo Fisher Scientific (DE) Holding S.a.r.l. (Luxemberg, Europe), Thermo Fisher Scientific Peru S.R.L. (Peru), Thermo Fisher Scientific Malaysia Sdn. Bhd. (Malaysia), Thermo Fisher Scientific (Barbados) Holding, Limited (Barbados), Fisher Clinical Services Japan K.K. (Japan), Fisher Clinical Services (Korea) Co., Ltd. (Korea), Thermo Fisher Scientific Africa Proprietary Ltd (South Africa), and D-finitive Technologies, Inc. (South Carolina) among others.

Kewaunee International Group

Keawaunee International Group, headquartered in North Carolina, North America, was founded in 1906. It has private ownership. The company is a manufacturer of laboratory equipment and furniture. The company provides product categories such as product selector, ventilated devices, laboratory furniture, safety cabinets, under which the market-focused category is safety cabinets

For instance,

  • In July 2021, Kewaunee International Group (NASDAQ: KEQU) announced a strategic alliance between Schneider Electric and Kewaunee Scientific Corporation’s International division. The combined alliance will offer an unparalleled value proposition for customers who desire an integrated, turn-key solution when building a new laboratory or modernizing an existing facility. This would help the company to enhance its position as a market leader and thereby increasing the value proposition and growth

The company has a wide presence across Europe, the Middle East and Africa, North America, Asia-Pacific, and Others.

Nuaire

Nuaire is headquartered in Minnesota, U.S., and was found in 1971. It has private ownership. The company focused on manufacturing scientific laboratory equipment and compounding pharmacy airflow products providing personnel, product, and environmental protection in critical research environments worldwide. Scientific Laboratory Equipment and Pharmacy Airflow Products are the business segments and the company's market-focused segment.

The company provides product categories such as biosafety cabinets, laminar airflow workstations, containment ventilated enclosures, restricted access barrier systems, CO2 incubators, ultra-low freezers, centrifuges, animal transfer stations, animal refuse workstation, polypropylene fume hoods, polypropylene casework, custom lab automation enclosures and parts. Under which biosafety cabinets, laminar airflow workstations, containment ventilated enclosures, polypropylene fume hoods, and custom lab automation enclosures are the market-focused categories.

The company has a presence across North America. The company has initiated many strategic initiatives to expand its market.