Dublin, April 17, 2023 (GLOBE NEWSWIRE) -- The "Laboratory Refrigerators and Ovens: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Laboratory Refrigerators and Ovens Market to Reach $1.8 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Laboratory Refrigerators and Ovens estimated at US$1.3 Billion in the year 2022, is projected to reach a revised size of US$1.8 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2022-2030.
General Purpose Laboratory Refrigerator, one of the segments analyzed in the report, is projected to record a 5% CAGR and reach US$540.3 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Sub-Zero Refrigerator segment is readjusted to a revised 5.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $376.5 Million, While China is Forecast to Grow at 3.9% CAGR
The Laboratory Refrigerators and Ovens market in the U.S. is estimated at US$376.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$314.9 Million by the year 2030 trailing a CAGR of 3.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 3.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
Select Competitors (Total 83 Featured) -
- AGA Marvel
- Azbil Telstar, S.L.
- Carbolite GERO Limited
- Chart Industries, Inc.
- Cole-Parmer Instrument Company
- Eppendorf AG
- Helmer Scientific
- Labcold Ltd.
- NuAire Inc.
- Sheldon Manufacturing, Inc.
- Thermo Fischer Scientific Inc.
- Worthington Industries
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 214 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.3 Billion |
| Forecasted Market Value (USD) by 2030 | $1.8 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Refrigeration - Indispensable in Clinical & Biological Research Fields
- Recent Market Activity
- Market Outlook
- Life Science Sector - A Major Growth Driver
- Rising R&D Spend Supports Demand for Lab Equipment
- World's Aging Population Drives Demand for Laboratory Refrigerators and Ovens
- Demand Spikes from Food Testing Labs
- Growing Demand for Subcontracting Private Laboratories
- Laboratory Refrigerators and Ovens - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Factors Influencing Choice of Laboratory Refrigerators and Freezers
- Energy Efficiency Comes to the Fore - For Buyers and Manufacturers
- Hydrocarbon Freezers: The Latest Trend in the Global Laboratory Freezers Market
- Technological Advances Putting the Laboratory Refrigerators and Freezers Market in Overdrive
- Development of Alternative Refrigerants to Take Centre Stage in Future
- Price Pressures Haunt Laboratory Refrigerators and Freezers Market
- Advanced Refrigerators Allow Remote Allocation
- Rapidly Expanding Blood Banking Market Drives Laboratory Refrigerators Market
- Demand for RFID-Enabled Blood Freezers and Refrigerators to Rise Rapidly
- Supply Concerns Drive Technological Developments in Blood Bank Refrigerators and Freezers
- New Models of Ultra-Low Temperature Freezers Foray into the Market
- Growing Prominence of Laboratory Ovens
- Energy Efficiency - Order of the Day
- Growing Product Options Drive Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/7xhwdp
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