Thermo Fisher Scientific Inc., Followed by MAREL and Loma Systems Is Dominating The Market For Global Weighing And Inspection Market In 2016

Global Weighing and Inspection Market is expected to reach USD 3,089.85 million by 2024 from USD 1,940.60 million in 2016, at a CAGR of 6.1%. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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The global weighing and inspection market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. The global food and beverages market is dominated by Thermo Fisher Scientific Inc. followed by MAREL and loma systems. Other players in this market include Precia SA, Wipotec-OCS GMBH, Aja Ltd, Xactpack, Bizerba, VBS, Inc., Minebea Intec, Mettler Toledo, Anritsu, Sesotec Gmbh, JBT, Heat And Control, Inc., Rehoo Industrial Limited, Murata Machinery Ltd, Ishida Co., ltd., yangzhou aerosol machinery equipment Co., Ltd. among others holds 32.0% of the global weighing and inspection market in 2016.

THERMO FISHER SCIENTIFIC INC.:

Founded in The company operates through four business segments, namely, Laboratory Products and Services, Life Sciences and Solutions, Analytical Instruments and Speciality Diagnostic. Life Sciences Solutions provides an extensive portfolio of instruments, reagents and consumables used in medical research and biological, discovery and production of vaccines and new drugs as well as diagnosis of diseases. Analytical Instruments segment provides a broad offering of consumables, instruments, software and services that are used for a range of applications in the laboratory, on the production line and in the field. Specialty Diagnostics segment provides a wide range of diagnostic test kits, reagents, instruments and associated products used to increase the speed and accuracy of diagnoses.

Thermo Fisher Scientific Inc. has operating companies across the United States, Europe, Western Hemisphere, Africa, and Asia-Pacific. Some of its subsidiaries Thermo Electron Australia Pty Limited (Australia), Thermo Electron Holdings SAS(France), Thermo Finland Holdings LLC (Delaware), Kendro Laboratory Products (H.K.) Limited (Hong kong), Niton Europe GmbH (Germany), Thermo Ramsey S.A.(Spain) etc.

MAREL:

Founded in 1983 and headquartered in Iceland, Marel is a supplier of advanced dispensation systems and services to the poultry, meat and fish industries. The company offers a wide range of weighing and inspection systems. The company operates its business in poultry, meat, and fish industry. The industries provide wide range of weighing and inspection equipment.

The company has offices and subsidiaries in more than 30 countries, and 100 agents and distributors.

LOMA SYSTEMS:

Founded in 1912 and headquartered at Illinois, United States. ITW (Illinois Tool Works, Inc.)  is one of the leaders in the manufacturing of industrial products and equipment with design and manufacture of metal detection, check weighing and x-ray inspection systems for the food, pharmaceutical and packaging industries. ITW operates its business through seven segments such as automotive OEM, food equipment, test & measurement and electronics, welding; polymers & fluids, construction products and specialty products. The products are under test & measurement and electronics segment, which offers its products through the various brands. The products are developed for compliance with international product safety standards, weight legislation and retailers' codes of practice, whilst identifying product defects and eliminating contaminants for consistent quality.

Loma Systems operates as a subsidiary of ITW. ITW runs its operations across U.K., Europe, North America, and others with 85 divisions in 57 countries.