The global market for Laboratory Refrigerators and Ovens is estimated at US$1.8 Billion in 2023 and is projected to reach US$2.5 Billion by 2030, growing at a CAGR of 4.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the laboratory refrigerators and ovens market is driven by several factors. Firstly, the increasing volume of biomedical research and clinical trials is generating a high demand for reliable storage and processing equipment. Secondly, the expansion of the pharmaceutical and biotechnology industries is driving the need for advanced laboratory refrigerators and ovens to support drug development and manufacturing processes. Thirdly, the rising focus on quality control and compliance with regulatory standards in laboratories is boosting the adoption of sophisticated temperature control equipment.
Additionally, the growing trend of personalized medicine and regenerative therapies is increasing the need for specialized storage solutions for sensitive biological materials. Lastly, advancements in refrigeration and heating technologies, coupled with the development of energy-efficient and environmentally friendly equipment, are further driving market growth by meeting the evolving needs of modern laboratories.
The growth in the laboratory refrigerators and ovens market is driven by several factors. Firstly, the increasing volume of biomedical research and clinical trials is generating a high demand for reliable storage and processing equipment. Secondly, the expansion of the pharmaceutical and biotechnology industries is driving the need for advanced laboratory refrigerators and ovens to support drug development and manufacturing processes. Thirdly, the rising focus on quality control and compliance with regulatory standards in laboratories is boosting the adoption of sophisticated temperature control equipment.
Additionally, the growing trend of personalized medicine and regenerative therapies is increasing the need for specialized storage solutions for sensitive biological materials. Lastly, advancements in refrigeration and heating technologies, coupled with the development of energy-efficient and environmentally friendly equipment, are further driving market growth by meeting the evolving needs of modern laboratories.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the General Purpose Laboratory Refrigerators segment, which is expected to reach US$633.9 Million by 2030 with a CAGR of a 5.4%. The Sub-Zero Refrigerators segment is also set to grow at 6.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $558.7 Million in 2023, and China, forecasted to grow at an impressive 8.3% CAGR to reach $317.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Laboratory Refrigerators and Ovens Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Laboratory Refrigerators and Ovens Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Laboratory Refrigerators and Ovens Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Marvel Refrigeration, Angelantoni Life Science, Azbil Telstar, S.L., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (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
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICBRAZILREST OF LATIN AMERICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
CHINA
Companies Mentioned
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 592 |
| Published | December 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.8 Billion |
| Forecasted Market Value ( USD | $ 2.5 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
