Market Overview:
The global laboratory chillers & circulators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for rapid transit vehicles, locomotives, and passenger coaches across the globe. Additionally, the growing awareness about energy-efficient laboratory equipment is also contributing to the growth of this market. The global laboratory chillers & circulators market can be segmented on the basis of type into oil-free scroll compressors, oil-injected screw compressors, and others. The oil-free scroll compressor segment is expected to grow at a higher CAGR than other segments during the forecast period from 2018 to 2030 owing to its high efficiency and low noise levels. On the basis of application,the global laboratory chillers & circulatorsmarket can be divided into rapid transit vehicles (buses, trains), locomotives (electric locomotives), and passenger coaches (coaches).
Product Definition:
A laboratory chiller is a device used to cool liquids or gases in a laboratory. It circulates the liquid or gas through a coil that is cooled by an external source, such as ice water or a refrigerant. This cooled coil then cools the liquid or gas that is being circulated. Laboratory chillers are important because they allow researchers to keep materials at specific temperatures, which can be necessary for many experiments.
Oil-free Scroll Compressors:
The oil-free scroll compressors are used in laboratory chillers and circulators to reduce the pressure of air or gas streams. The product is manufactured using high-grade stainless steel, which offers excellent corrosion resistance. These compressors have a simple structure with two main components namely diaphragm and piston.
Oil-injected Screw Compressors:
Oil-injected screw compressors are used in laboratory chillers & circulators to provide high-performance and cost-effective solutions. These compressors have the ability to deliver accurate flow rates with low noise characteristics, which makes them suitable for various applications such as cell culture workstations, petrochemical processing plants, bioreactors and others.
Application Insights:
The market is segmented by application into rapid transit vehicles, locomotives, and passenger coaches. The rapid transit vehicle segment dominated the global laboratory chillers & circulators market in 2017 owing to the rising number of systems in operation across major cities such as New York City, Chicago, Paris and London. In addition to this, increasing government funding for new railway projects including the Trans-Canada highway system will further boost product demand over the forecast period.
Passenger coaches are anticipated to be among fastest growing segments during future years due to an increase in demand for luxury travel services at a reasonable cost coupled with technological advancements that provide improved comfort and safety standards on board trainsets. Furthermore, introduction of energy-efficient equipment along with rising concerns regarding environmental pollution are expected drive growth over coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for railway vehicles from emerging economies, such as China and India. In addition, rising investments by governments in developing countries are anticipated to boost traction power infrastructure across Asia Pacific.
The European regional market accounted for a significant share owing to high demand from industries, such as chemicals and pharmaceuticals. Europe also has one of the largest road networks across the globe; therefore, it requires large quantities of rail coaches for transportation purposes across various parts of Europe including Germany, France Italy among other countries. Moreover, rapid transit vehicles operating companies are increasingly opting for chillers & circulators due to their superior performance compared with alternatives like batteries or fuel cells which require rare earth metals that add up cost while being difficult to obtain at reasonable prices (i).
Growth Factors:
- Increasing demand for chilled water in various industrial and commercial applications is driving the growth of the laboratory chillers & circulators market.
- The growing popularity of single-use systems is also propelling the growth of this market.
- The increasing demand for compact and energy-efficient chillers & circulators is also contributing to the growth of this market.
- Rising R&D spending by pharmaceutical and biotechnology companies is fueling the demand for laboratory chillers & circulators products worldwide.
- Growing number of contract research organizations (CROs) are also fuelling the demand for laboratory Chillers & Circulators products as these CROs require efficient chilling systems to carry out their research work effectively
Scope Of The Report
Report Attributes
Report Details
Report Title
Laboratory Chillers & Circulators Market Research Report
By Type
Oil-free Scroll Compressors, Oil-injected Screw Compressors, Others
By Application
Rapid Transit Vehicles, Locomotives, Passenger Coaches
By Companies
Atlas Copco, ELGi, Dürr Technik, Gardner Denver, Ingersoll-Rand, EKOM-AIR, Knorr-Bremse, CRRC, REMEZA, Hitachi, BITZER, Voith, Dorin, Mattei Group, Hertz Kompressoren, BOGE, Fushen, GEA, YUJIN Machinery, Kyungwon Machinery, Feihe Compressor, SUCCESS ENGINE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Laboratory Chillers & Circulators Market Report Segments:
The global Laboratory Chillers & Circulators market is segmented on the basis of:
Types
Oil-free Scroll Compressors, Oil-injected Screw Compressors, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Rapid Transit Vehicles, Locomotives, Passenger Coaches
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Atlas Copco
- ELGi
- Dürr Technik
- Gardner Denver
- Ingersoll-Rand
- EKOM-AIR
- Knorr-Bremse
- CRRC
- REMEZA
- Hitachi
- BITZER
- Voith
- Dorin
- Mattei Group
- Hertz Kompressoren
- BOGE
- Fushen
- GEA
- YUJIN Machinery
- Kyungwon Machinery
- Feihe Compressor
- SUCCESS ENGINE
Highlights of The Laboratory Chillers & Circulators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Oil-free Scroll Compressors
- Oil-injected Screw Compressors
- Others
- By Application:
- Rapid Transit Vehicles
- Locomotives
- Passenger Coaches
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Laboratory Chillers & Circulators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Laboratory chillers and circulators are devices used to cool or heat a liquid or gas. They can be used in laboratories, industrial settings, and medical facilities.
Some of the major companies in the laboratory chillers & circulators market are Atlas Copco, ELGi, D¼rr Technik, Gardner Denver, Ingersoll-Rand, EKOM-AIR, Knorr-Bremse, CRRC, REMEZA, Hitachi, BITZER, Voith, Dorin, Mattei Group, Hertz Kompressoren, BOGE, Fushen, GEA, YUJIN Machinery, Kyungwon Machinery, Feihe Compressor, SUCCESS ENGINE.
The laboratory chillers & circulators market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laboratory Chillers & Circulators Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Laboratory Chillers & Circulators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laboratory Chillers & Circulators Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Laboratory Chillers & Circulators Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Laboratory Chillers & Circulators Market Size & Forecast, 2020-2028
4.5.1 Laboratory Chillers & Circulators Market Size and Y-o-Y Growth
4.5.2 Laboratory Chillers & Circulators Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Oil-free Scroll Compressors
5.2.2 Oil-injected Screw Compressors
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Rapid Transit Vehicles
6.2.2 Locomotives
6.2.3 Passenger Coaches
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laboratory Chillers & Circulators Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Laboratory Chillers & Circulators Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Oil-free Scroll Compressors
9.6.2 Oil-injected Screw Compressors
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Rapid Transit Vehicles
9.10.2 Locomotives
9.10.3 Passenger Coaches
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Oil-free Scroll Compressors
10.6.2 Oil-injected Screw Compressors
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Rapid Transit Vehicles
10.10.2 Locomotives
10.10.3 Passenger Coaches
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Oil-free Scroll Compressors
11.6.2 Oil-injected Screw Compressors
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Rapid Transit Vehicles
11.10.2 Locomotives
11.10.3 Passenger Coaches
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Oil-free Scroll Compressors
12.6.2 Oil-injected Screw Compressors
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Rapid Transit Vehicles
12.10.2 Locomotives
12.10.3 Passenger Coaches
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Oil-free Scroll Compressors
13.6.2 Oil-injected Screw Compressors
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Rapid Transit Vehicles
13.10.2 Locomotives
13.10.3 Passenger Coaches
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Laboratory Chillers & Circulators Market: Competitive Dashboard
14.2 Global Laboratory Chillers & Circulators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Atlas Copco
14.3.2 ELGi
14.3.3 Dürr Technik
14.3.4 Gardner Denver
14.3.5 Ingersoll-Rand
14.3.6 EKOM-AIR
14.3.7 Knorr-Bremse
14.3.8 CRRC
14.3.9 REMEZA
14.3.10 Hitachi
14.3.11 BITZER
14.3.12 Voith
14.3.13 Dorin
14.3.14 Mattei Group
14.3.15 Hertz Kompressoren
14.3.16 BOGE
14.3.17 Fushen
14.3.18 GEA
14.3.19 YUJIN Machinery
14.3.20 Kyungwon Machinery
14.3.21 Feihe Compressor
14.3.22 SUCCESS ENGINE
