Ultra-Low Temperature Freezer Market Have Made USD 701.4 Million and Making CAGR of 2.7% by 2022 with Global Organizations Like Panasonic Healthcare, VWR International, Haier, Thermofisher Scientific Inc. and Many

Global Ultra-Low Temperature Freezer Market - Regional Analysis

Globally North America is the largest market for ultra-low temperature freezer. The North American market for Ultra-low temperature freezer is expected to reach at USD 393.9 Million by the end of the forecasted period.

Europe is the second-largest market for ultra-low temperature freezer which is expected to grow at a CAGR of 2.8%. Asia pacific region is expected to be fastest growing region in Ultra-low temperature freezer market.

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Global Ultra-Low Temperature Freezer Market - Key Players

Some of the key players in this market are: Panasonic Healthcare Corporation of North America, VWR International, Helmer Scientific, Haier, Eppendrof AG, Thermofisher Scientific Inc. and others.

Global Ultra-Low Temperature Freezer Market - Intended Audience

Biomedical devices manufacturers
Biomedical devices suppliers
Government Research Laboratory
Private Research Laboratory
Research and Development (R&D) Companies
Market Research and Consulting Service Providers
Medical Research Laboratories

Global Ultra-Low Temperature Freezer Market - Competitive Analysis

Characterized by the presence of several well-established and small players, the global Market of Ultra-Low Temperature Freezer seems to be highly competitive and fragmented. International players who are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The Market is witnessing strengthened competition which is anticipated to be more intensified further during the forecast period. The intense competition predominant in the market dictates the alliance and associations among marketers.

Well established and emerging players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position.

Furthermore many organizations are working for promoting and publicizing improvements in ULT freezers efficiency. International Institute of Sustainable Laboratories hosts an annual conference with major focus on laboratory equipment. For creating the awareness regarding the efficiency of these freezers, Lawrence Berkeley National Laboratory hosts a webpage containing data on energy-efficient laboratory equipment which includes ULTs and the webpage is developed and maintained by Allen Doyle of the University of California at Davis. DOE and the U.S. Environmental Protection Agency (EPA) are working to cover laboratory-grade refrigerators and ULTs under the ENERGY STAR program. Recent efforts have resulted in the development of a standardized rating method for the equipment. Based on the study, ultra-low temperature freezers operated efficiently when they are well maintained, operating in ambient temperatures less than 25°C, are less than ten years old, operating at a set point higher than –80°C, and have an internal capacity greater than 23 feet.

Hence, greater efficiency and other technological advancement of ultra-low temperature freezers is driving the market growth of these products.

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Global Ultra-Low Temperature Freezer Market - Overview

Ultra-Low Temperature Freezers (ULT freezers) are the type of bio-freezers that utilized for the preservation of viruses, bacteria, drugs, enzymes, chemicals, cell preparations and tissue samples among others. They generally have a temperature range of - 45C to - 86C. There are majorly two types of ULT freezers; Upright and Chest ULT freezers. The Global Ultra-Low Temperature Freezer Market is expected to reach USD 701.4 million by the end of the forecasted period and is expected to grow at a CAGR of 2.7%.

The freezers consume around 16 to 22 kilowatt hours (kWh) every day at their early stage. After few years of administration, some freezers consume more than 30 kWh every day, and due to that generally around 30% of the samples preserved in them become obsolete, unrecoverable or generally not valuable for further research. ULT freezers are used in most of the laboratories, bio-banks, hospitals and in other biomedical infrastructures.

The market for ULT freezer market is growing with increasing need of development in biomedical industry. Moreover in recent years the investment for biomedical R&D by Asian countries like china, South Korea, India, Japan and others subsequently increased when compared to North America and Europe. This shows that the ULT freezers market is expected to grow at fastest rate in the Asia region with most of the development countries.

Global Ultra-Low Temperature Freezer Market – Segments

Global Ultra-low temperature freezer market has been segmented on the basis of type which comprises of upright ULT freezers, chest ULT freezers. On the basis of end user; market is segmented into bio-banks, hospital, academic & research institute and others

Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

Continued….

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