The Ultra-Low Temperature Freezers Market Size is valued at 597.36 Million in 2023 and is predicted to reach 988.80 Million by the year 2031 at a 6.8 % CAGR during the forecast period for 2024-2031.
Ultra-low temperature freezers operate in higher ambient room temperatures with minimal heat output. The ultra-low freezers are designed with a cascade modern refrigeration system. The multiple independent compressors of the refrigeration systems propel to lower temperatures. The covid-19 outbreak has significantly created extensive demand for temperature-controlled storage such as Ultra-low temperature freezers for vaccines across the globe. At present, the challenge to distribute and transport the COVID-19 vaccine has started. Hence the demand for ultra-low freezers is growing rapidly than ever. The ultra-low freezers have the capacity to store Covid-19, RNA, DNA, virus samples, vaccines, and organs.
The market has gained immense traction over the past months on account of the Covid-19 outbreak. With rapid vaccine development activities and specific temperature cold storage for certain vaccines, the ultra-low temperature freezers market is further likely to grow in the upcoming years. Augmented research and development activities in the biomedical and life sciences field will likely witness a further impetus in its growth. The market is also expected to show significant demand owing to the presence of substantial healthcare manufacturers along with the rising incidence of various infectious diseases, cancers. The invention of energy-saving ultra-low temperature freezer and the ongoing US and global vaccine development, along with certain breakthroughs in cancer research efforts, are expected to witness substantial opportunities during the forecast period.
Market Segmentation
The global Ultra-low Temperature Freezers market is categorized on the basis of Types, Technology, Application, and region. On the basis of types, the market is segmented into Chest Freezers, Upright Freezers, and Other Types. Based on technology, the market is segmented into Automated and Semi-automated. On the basis of Application, the market is segregated into Blood and blood products, Organs, Pharmaceuticals, Forensic and Genomic Research, and Other Applications. Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. Among all, North America is expected to dominate the market during the analysis of the forecast period.
Competitive Landscape
Some Major Key Players In The Ultra-Low Temperature Freezers Market:
- Arctiko,
- Azbil Corporation,
- Binder,
- Eppendorf,
- ESCO MICRO PTE,
- EVERmed,
- Haier,
- Helmer Scientific,
- Panasonic Healthcare Corporation of North America,
- Stirling Ultracold,
- Thermo Fisher Scientific,
- VWR International (Avantor, Inc.),
- PHC Corporation,
- LABCOLD,
- Global Cooling Inc.,
- Glen Dimplex,
- REMI GROUP,
- B Medical System,
- NuAire Laboratory Equipment,
- Biobase China,
- Fiocchetti,
- OVAN, Nüve,
- KW Apparecchi Scientifici,
- Froilabo - Firlabo,
- Thalheimer Kuehlung,
- Science Global Apps,
- Z-SC1 Biomedical Corp,
- Nor-Lake,
- Across International LLC,
Ultra-Low Temperature Freezers Market Report Scope
|
Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 597.36 Million |
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Revenue Forecast In 2031 |
USD 988.80 Million |
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Growth Rate CAGR |
CAGR of 6.8 % from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, By Technology, By Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Arctiko, Azbil Corporation, Binder, Eppendorf, ESCO MICRO PTE, EVERmed, Haier, Helmer Scientific, Panasonic Healthcare Corporation of North America, Stirling Ultracold, Thermo Fisher Scientific, VWR International (Avantor, Inc.), PHC Corporation, LABCOLD, Global Cooling Inc., Glen Dimplex, REMI GROUP, B Medical System, NuAire Laboratory Equipment, Biobase China, Fiocchetti, OVAN, Nüve, KW Apparecchi Scientifici, Froilabo - Firlabo, Thalheimer Kuehlung, B. Science Global Apps, Z-SC1 Biomedical Corp, Nor-Lake, Across International LLC, and Other Prominent Player. |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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