LABORATORY FUME HOOD MARKET ANALYSIS
North America accounted for the largest market share in 2018, owing to launches and approvals of new laboratory fume hoods in the region. For instance, in July 2014, Labconco, a U.S.-based laboratory equipment manufacturing company, launched a new line of I-S Fume Hoods, which contain automatic position exhausts. The I-S Fume Hoods can automatically adjust the speed of the blowers depending upon the position of the sash of the fume hoods. Hence, the air volume in the hood can be adjusted without human monitoring.
Moreover, various mergers, agreements, and acquisitions are expected to drive the global laboratory fume hood market over the forecast period in North American. For instance, in May 2017, Erlab, Inc., a ductless fume hood manufacturing company collaborated with Plastic Concepts, Inc., a fabrication provider, in order to develop customized polypropylene hood coupled with the Erlab’s equipment.
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