Laboratory Fume Hood Market is gaining significant traction with HEMCO introducing the New SL series of high-performance laboratory fume hoods
A laboratory fume hood is an innovative type of internal ventilation system which is usually made up of two major components. The first of these two pieces is the venting system, which is usually an adjustable fan or blower connected to the bottom of the furnace or other heating element. The fan draws in air, which passes through a filter, before being distributed over a large surface area of the room. One of the key reasons behind the high demand for fume hood is the robust pharmaceutical industry, especially in emerging economies. As per the India Brand Equity Foundation (IBEF), India’s domestic pharmaceutical market is expected to reach US$ 65 billion in 2024, increasing from US$ 41 billion in 2021. As per the same source, the market is expected to reach around US$ 120-130 billion by 2030. Continuous research and development activities in the field of pharmaceutical and biopharmaceuticals have increased the demand for fume hoods. Hence, such factors can stimulate growth of the...