Ultra-low Temperature Freezers Market Size to Cross USD 738.6 Mn by 2031 with CAGR of 4.5% | Transparency Market Research

The global market for 𝐮𝐥𝐭𝐫𝐚-𝐥𝐨𝐰 𝐭𝐞𝐦𝐩𝐞𝐫𝐚𝐭𝐮𝐫𝐞 𝐟𝐫𝐞𝐞𝐳𝐞𝐫𝐬 reached a value of US$ 477.9 million in 2021. Projections indicate a steady growth trajectory, with the market expected to expand at a Compound Annual Growth Rate (CAGR) of 4.5% from 2022 to 2031, reaching a valuation exceeding US$ 738.6 million by the end of 2031.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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The rise in investment in drug development is anticipated to be a key driver for the global ultra-low temperature freezers market throughout the forecast period. These freezers play a crucial role in storing samples at precise temperature ranges, thereby supporting advancements in drug discovery and clinical testing. Additionally, the increasing incidence of diseases such as cancer and other infectious diseases further propels market growth. Moreover, the availability of ultra-low temperature freezers has significantly expanded vaccine storage capacity, contributing to the global effort in vaccine distribution.

Ultra-low Temperature (ULT) freezers, commonly known as -80 freezers, are vital in the life sciences field for long-term storage of biomolecules. Operating within a temperature range of -40°C to -86°C (-40°F to -123°F), they safeguard biomolecules like oligonucleotides and proteins from heat-induced denaturation. Equipped with two doors to maintain temperature consistency, ULT freezers feature an inner door to minimize heat ingress. A silicone gasket and exterior knob ensure tight sealing, while polyurethane walls provide robust insulation against external heat.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬:
 
Thermo Fisher Scientific, Inc., Eppendorf AG, PHC Holdings Corporation (Panasonic Healthcare), Azbil Telstar, S.L., Arctiko A/S, Labcold Ltd., Bionics Scientific Technologies (P) Ltd., Haier Biomedical, Global Cooling Inc., and Helmer Scientific
 
𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
 
Product

Upright Freezers
Floorstanding
Benchtop/Undercounter
Chest Freezers

Degree of Cooling

-41°C to -86°C Freezers
-87°C to -150°C Freezers

Application

Blood & Blood Products
Biological Samples
Flammable Materials
Drug Compounds
Others

End-user

Biobanks
Pharmaceutical & Biotechnology Companies
Academic Research Institutes
Others

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In June 2022, Haier Biomedical, a global innovative life science and medical digital service ecosystem brand, launched the DW-86L828ST new-generation ULT freezer, which integrates TwinCool technology, Frequency Conversion technology, and Hydrocarbon energy-saving technology

In June 2021, Thermo Fisher Scientific launched its advanced TSX Series ULT Freezers, which are the only systems to offer an exterior illumination option that simplifies usage by enabling quick visual inspection of the freezer's health status. The systems also include an enhanced cloud-connected monitoring functionality and a frost management capability, which features an adjustable cabinet heater that minimizes frost and ice build-up.

In February 2021, Godrej Appliances launched new ultra-low temperature freezers for vaccine storage. These advanced medical freezers can preserve life-saving medical supplies, including critical vaccines, below -80°C and are aimed at boosting both Indian and global medical cold chains.

𝐎𝐫𝐝𝐞𝐫 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
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𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

North America holds a significant share (around 40.0%) of the global ultra-low temperature freezers market in 2021.

Adoption of advanced ultra-low temperature freezers and frequent product launches are driving market growth in North America.

Thermo Fisher Scientific introduced a service in May 2020 that monitors performance data from connected TSX Series ULT freezers, enhancing sample and product security.

R&D efforts for COVID-19 vaccines are expected to further boost the North American market, with BINDER CO2 freezers playing a crucial role in vaccine development.

Asia Pacific exhibits high potential due to its large and diverse population with unmet medical needs.

Emerging markets like China, India, and Southeast Asia are attracting international pharmaceutical and biotechnology companies, driven by increased purchasing power.

Growth in academic institutes, supported by rising public and private funding, contributes to market expansion in Asia Pacific.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Adoption of energy-efficient ultra-low temperature freezers to reduce operating costs.
Integration of advanced features such as remote monitoring and control.
Increasing preference for eco-friendly refrigerants to minimize environmental impact.
Rising demand for portable and compact freezer units for point-of-care applications.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The ultra-low temperature freezers market is expected to witness sustained growth, driven by advancements in freezer technology, increasing research activities, and the growing demand for cold storage solutions across various industries. Additionally, the emergence of innovative storage solutions and the expansion of distribution networks in developing regions are likely to contribute to market expansion.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Market dynamics analysis, including drivers, challenges, opportunities, and trends.
Comprehensive market segmentation based on service type, sourcing type, application, industry vertical, and region.
Regional analysis to identify growth prospects and investment opportunities.
Competitive landscape assessment, including key players' strategies, market positioning, and recent developments.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐃𝐫𝐚𝐢𝐧𝐚𝐠𝐞 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/03/23/2633699/0/en/Drainage-System-Market-is-Valued-at-US-2-3-Bn-by-2031-Data-Analysis-by-Experts-at-Transparency-Market-Research-Inc.html

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