Dublin, Jan. 09, 2024 (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 $2.5 Billion by 2030
The global market for Laboratory Refrigerators and Ovens estimated at US$1.7 Billion in the year 2022, is projected to reach a revised size of US$2.5 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030.
The Laboratory Equipment and Supplies Industry experienced a mixed picture during the COVID-19 pandemic, and this report provides insights into the various facets of the industry's performance in this challenging period. It specifically delves into the impact of the pandemic on the Lab Refrigerators & Freezers Market, highlighting their indispensable role in clinical and biological research fields.
The report introduces Laboratory Refrigerators & Freezers, focusing on the types and categories within these essential laboratory equipment pieces. Additionally, it covers Laboratory Ovens, detailing the different types and their applications in research and scientific settings. The global market outlook for Laboratory Refrigerators, Freezers, and Ovens is discussed, shedding light on trends and growth prospects.
General Purpose Laboratory Refrigerators, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$633.9 Million by the end of the analysis period. Growth in the Sub-Zero Refrigerators segment is estimated at 6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $535.8 Million, While China is Forecast to Grow at 8.4% CAGR
Regional analysis provides insights into how different regions are positioned within this industry. The competitive landscape of the Laboratory Refrigerators and Ovens market is evaluated, with insights into the Global Key Competitors' Percentage Market Share in 2023 and their Competitive Market Presence categorized as strong, active, niche, or trivial.
The Laboratory Refrigerators and Ovens market in the U.S. is estimated at US$535.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$317.1 Million by the year 2030 trailing a CAGR of 8.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 592 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.7 Billion |
| Forecasted Market Value (USD) by 2030 | $2.5 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Myriad Benefits of Laboratory Refrigerators and Freezers Drives Market Gains
- Why Laboratory Refrigerators are Inextricably Linked to Laboratory Operations?
- Insights into Regulations Covering Refrigerated Systems for Laboratories
- Life Science Sector: A Major Growth Driver
- Global Biopharmaceutical Sales (in US$ Billion) for Years 2020, 2022, 2024, and 2026
- Rising R&D Investments by Pharmaceutical & Biopharmaceutical Industry to Fuel Market Growth
- Pharmaceutical R&D Spending Worldwide (USD Billion) for 2015-2025
- Focus on Clinical Research to Develop Effective COVID-19 Vaccines and Drugs Spurs Market Growth
- Aging Population and Their Vulnerability to Chronic Diseases Drives Focus on New Drug Development: Opportunity for Lab Refrigerators & Ovens Market
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
- World Diabetes and Population Statistics (2019, 2030 & 2045)
- Global Annual Medical Cost of Cardiovascular Diseases in US$ Billion (2010-2030)
- Rising Demand for Biobanking Services Fuels Need for Lab Refrigerators & Freezers
- Global Biobanks Market Size (in US$ Billion) for the Years 2015, 2017, 2019, 2021, 2023 and 2025
- Expanding Blood Banking Market Augurs Well for the Laboratory Refrigerators Market
- Global Blood Banks Market (in $ Billion) for the Years 2021, 2023, 2025 and 2027
- Refrigerators Used in Blood Banks: An Overview
- Laboratory Freezers Market Poised for High Growth
- Laboratory Ovens Continue to Gain Prominence
- Vacuum Ovens Present a Sizzling Hot Proposition to Labs for Diverse Applications
- Dental Laboratory Ovens Market - An Overview
- Amidst Rising Consumption of Processed Foods, Demand Rises from Food Testing Labs
- Global Processed Foods Market Revenues (in $ Billion) for the Years 2019, 2022 and 2025
- Energy Efficiency: A Critical Factor to Consider
- Remote Monitoring of Laboratory Freezers: A Glance at Major Developments
- Technological Advances Putting the Laboratory Refrigerators and Freezers Market in Overdrive
- Lab Refrigerators & Freezers with Alternative Refrigerants Gain Prominence
- Major Challenges Confronting the Market
FOCUS ON SELECT PLAYERS(Total 217 Featured)
- Marvel Refrigeration
- Angelantoni Life Science
- Azbil Telstar, S.L.
- BINDER GmbH
- Carbolite GERO Limited
- Cryoport, Inc.
- Cole-Parmer Instrument Company
- Eppendorf AG
- EVERMED s.r.l
- Haier Biomedical
- Helmer Scientific, Inc.
- Labcold Ltd.
- Liebherr
- NuAire Inc.
- PHC Holdings Corporation
- Philipp Kirsch GmbH
- Sheldon Manufacturing, Inc.
- Terumo Corporation
- Thermo Fisher Scientific, Inc.
- IC Biomedical, LLC
For more information about this report visit https://www.researchandmarkets.com/r/dmgdz4
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