PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1629206
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1629206
The global Fume Hood Monitors Market was valued at USD 86.6 million in 2023, expanding at a CAGR of 8.70% from 2024 to 2032.
A fume hood is a box-shaped workspace designed for conducting experiments using hazardous chemicals or chemical reactions that emit poisonous vapours. The laboratory fume hoods protect by pulling the air and airborne contaminants towards the ducts or filters (ductless hoods) and recirculating the filtered air back into the laboratory.
Fume Hood Monitors Market- Market Dynamics
Increasing Regulatory Standards for Safety
High safety regulatory standards are the major driver of growth for the Fume Hood Monitors Market. With ever-stringent government and regulatory agency directives that ensure protection for both personnel in a laboratory environment and the surrounding environment against dangerous chemicals, there is pressure on institutions to improve safety. Among such developments is the establishment of highly technologically advanced fume hood monitoring systems. These monitors provide real-time data on airflow and detect any operational issues, helping to maintain a safe laboratory environment. As a result, the demand for reliable fume hood monitors is rising, prompting manufacturers to innovate and expand their product offerings to meet these regulatory requirements. This trend not only boosts market growth but also emphasizes the importance of safety in laboratory operations.
Fume Hood Monitors Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 8.70% over the forecast period (2024-2032)
Based on Product Type segmentation, Ducted fume hood Product Types are expected to expand significantly during the predicted period.
Based on Mobility segmentation, Mobile fume hood monitors are a constantly increasing market.
In terms of region, North America was the largest revenue generator in 2023.
The Global Fume Hood Monitors Market is segmented on the basis of Product Type, Mobility, and Region.
The market is segmented into five segments according to Product Type: Duct Fume Hood, Accessories, and Duct-less Fume Hood. Ducted fume hood monitors have a bigger market share due to their use in a variety of industries, including energy and bioscience. The ducted fume hoods segment's market share will expand significantly during the projection period. Ducted fume hoods protect the user by venting fumes outside the facility. The market is likely to expand over the forecast period due to ongoing product innovation and the requirement to create a safe working environment.
The market is divided into four categories based on Mobility: Bench-top and Mobile. The mobile fume hood monitors are the rapidly expanding segment. This growth is due to the increasing need for flexibility and portability in laboratory settings. Mobile fume hood monitors allow users to easily move the monitoring devices to different locations, which makes them ideal for dynamic work environments where experiments and processes may change frequently.
Fume Hood Monitors Market- Geographical Insights
Geographically, this market is distributed over North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further split based on the nations bringing commerce. North America is predicted to dominate the fume hood market due to technologically sophisticated goods and the rising burden of occupational, chronic, and infectious diseases. According to figures published by the Asthma and Allergy Foundation of America in April 2022, around 25 million people in the United States have asthma, accounting for roughly one in every thirteen people, and approximately 20 million Americans aged 18 and older have asthma. As a result, the high frequency of chronic diseases such as asthma in the United States is likely to expand the use of fume hoods in laboratories.
The Fume Hood Monitors market in Asia Pacific is predicted to develop at the fastest CAGR during the forecast period, and there are several reasons why. Rapid industrialisation and research activities in nations such as China and India put a greater emphasis on safety precautions in laboratories and manufacturing facilities. With the region's expanding regulatory norms, there is a greater investment in advanced compliance monitoring systems. High workplace safety awareness, as well as the desire to safeguard the environment, are driving demand for fume hood monitors.
The Fume Hood Monitors Market is highly competitive, with a variety of market players, including established manufacturers as well as new entrants in the market. Established players such as Air Science, ThermoFisher Scientific, Airclean Systems Inc., and Erlab6, among others, have dominated this market through their advanced monitoring solutions and comprehensive safety features. These companies invest heavily in research and development to improve product performance and meet stringent safety regulations. Apart from these large players, several smaller companies are entering the market and focusing on niche applications or innovative technologies, which heightens competition. The market is also seeing partnerships and collaborations for developing integrated monitoring systems that combine fume hood safety with other laboratory management tools. The competitive landscape will become more dynamic as the safety standards continue to evolve and the demand for effective monitoring solutions grows. Companies are going to compete by differentiating their offerings through technology, customer service, and compliance capabilities.
In September 2022, Hemco introduced their new UniFlow radioisotope fume hood for use in radiochemical laboratories. The device features a welded one-piece seamless type 304 stainless steel interior fume chamber with all corners covered for simple cleaning.