The global market for Laboratory Refrigerators and Ovens was valued at US$1.9 Billion in 2024 and is projected to reach US$2.6 Billion by 2030, growing at a CAGR of 4.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The demand for laboratory refrigerators and ovens has been increasing due to advancements in scientific research and the growing need for precise and reliable temperature control in various laboratory processes. Innovations in refrigeration and heating technologies have led to the development of more energy-efficient, accurate, and user-friendly equipment. Modern laboratory refrigerators and ovens feature advanced digital controls, alarms, and data logging capabilities, ensuring optimal performance and safety. The rise of biobanking, clinical trials, and pharmaceutical research has significantly boosted the demand for specialized storage and processing equipment, driving further innovation in this sector. Additionally, the COVID-19 pandemic has highlighted the importance of reliable cold storage for vaccines and biological samples, further propelling market growth.
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.
Global Laboratory Refrigerators and Ovens Market - Key Trends & Drivers Summarized
Laboratory refrigerators and ovens are critical components of scientific research and industrial laboratories, providing precise temperature control for a variety of applications. Laboratory refrigerators are used to store samples, reagents, and biological materials at specific temperatures to ensure their stability and integrity. These refrigerators come in various types, including ultra-low temperature freezers, blood bank refrigerators, and general-purpose laboratory refrigerators, each designed to meet specific storage requirements. Laboratory ovens, on the other hand, are used for drying, curing, and sterilizing samples and equipment. They offer controlled heating environments and are available in several configurations, such as gravity convection, mechanical convection, and vacuum ovens, catering to different laboratory needs.The demand for laboratory refrigerators and ovens has been increasing due to advancements in scientific research and the growing need for precise and reliable temperature control in various laboratory processes. Innovations in refrigeration and heating technologies have led to the development of more energy-efficient, accurate, and user-friendly equipment. Modern laboratory refrigerators and ovens feature advanced digital controls, alarms, and data logging capabilities, ensuring optimal performance and safety. The rise of biobanking, clinical trials, and pharmaceutical research has significantly boosted the demand for specialized storage and processing equipment, driving further innovation in this sector. Additionally, the COVID-19 pandemic has highlighted the importance of reliable cold storage for vaccines and biological samples, further propelling market growth.
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.
Scope of the Study
The report analyzes the Laboratory Refrigerators and Ovens market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Product Segment (General Purpose Laboratory Refrigerators, Sub-Zero Refrigerators, Portable Refrigerators, Walk-In Refrigerators, Explosion Proof Refrigerators, General Purpose Laboratory Freezers, Ultra Low Temperature Freezers, Explosion Proof Freezers, General Purpose Laboratory Ovens, Vacuum Ovens); End-Use (Pharma & Biotech Companies, Blood Banks, Pharmacies, Academic & Research Institutes, Hospitals, Medical Laboratories).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the General Purpose Laboratory Refrigerators segment, which is expected to reach US$656.3 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, valued at $583.6 Million in 2024, and China, forecasted to grow at an impressive 8.3% CAGR to reach $317.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 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., BINDER GmbH, Carbolite GERO Limited and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
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?
Some of the 217 major companies featured in this Laboratory Refrigerators and Ovens market report include:
- 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. METHODOLOGYMII. 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 (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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 | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 1.9 Billion |
| Forecasted Market Value ( USD | $ 2.6 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
