Market Overview:
The global laboratory chillers market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for laboratory chillers from various end-use industries, such as substations, power distribution systems, and line interfaces. In addition, the growing demand for energy-efficient and environment-friendly laboratory chillers is also contributing to the growth of this market. Based on type, the global laboratory chillers market can be segmented into hydraulic control and electronic control. The hydraulic control segment is expected to dominate the global laboratory Chillers Market during the forecast period owing to its low cost and easy installation process. However, with technological advancements in electronic controls over hydraulic controls; this segment is projected witness high growth rates duringthe forecast period .
Product Definition:
A laboratory chiller is a piece of equipment used to cool liquids or gases in a laboratory setting. They are often used to keep samples at a desired temperature, or to create specific environmental conditions for experiments. Laboratory chillers can be either air-cooled or water-cooled, and can come in a variety of sizes depending on the needs of the user.
Hydraulic Control:
Hydraulic control is a device that regulates the flow of liquids and gases through valves, tubing or fittings. It is widely used in laboratories for maintaining desired temperature and humidity levels as well as controlling the air movement across various instruments. The growth factor in this market is increasing demand from developing economies such as China, India, Brazil and Middle East countries due to growing medical tourism industry coupled with rising expenditure on healthcare sector.
Electronic Control:
An electronic control is a device that enables the user to set the desired temperature using a simple interface. It helps in maintaining constant temperature in laboratory chillers and is highly preferred by researchers due to its ease of use. The market for electronic controls has been witnessing significant growth over the past few years owing to their advanced features such as easy settings, multiple setting options, LCD display with backlight, auto-power off function and many more.
Application Insights:
The power distribution system segment dominated the global laboratory chillers market in 2017. The demand for PDL chillers is expected to witness growth owing to their ability to control and adjust the temperature of various components, such as transformers, switchgear & protective relays and circuit breakers. Furthermore, these PDL chillers can be used in a variety of applications including sub-stations, line interface stations and others.
The other application segment includes research laboratories where high precision is required along with thermal stability for chemical analysis or biological samples that need controlled temperatures during storage or transportation. These types of units are usually large in size as they require a large amount of energy for cooling purposes; hence they are installed at major locations near the research center or laboratory building so that electricity costs can be reduced by using chilled water from the facility's own sources. Such trends have resulted in increased demand across several regions globally which will positively impact market growth over the forecast period.
Regional Analysis:
Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to the increasing demand for power generation and distribution. The region accounted for a share of more than 30% in 2016, owing to high product penetration in China and Japan. Moreover, rising investments by public as well as private organizations are expected to drive the demand for chillers over the next eight years.
The European regional market held a revenue share of more than 25% in 2016 on account of growing infrastructure activities across several countries including Germany, Italy, France and U.K., which is likely to boost industry growth during the forecast period from 2017 to 2030 (forecast). In addition, favorable government policies encouraging R&D activities are also projected favorably impact industry expansion over this period.
Growth Factors:
- Increasing demand for chilled water in various industrial and commercial applications is driving the growth of the laboratory chillers market.
- The growing popularity of data centers is also fueling the demand for laboratory chillers, as these devices are used to cool down server rooms and other electronic equipment.
- Rapid expansion of the healthcare sector is leading to an increase in demand for medical devices such as laboratory chillers, which are used in hospitals and clinics for cooling purposes.
- Rising investments in research and development activities by pharmaceutical companies are also propelling the growth of the global laboratory chillers market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Laboratory Chillers Market Research Report
By Type
Hydraulic Control, Electronic Control
By Application
Substation, Power Distribution System, Line Interface, Others
By Companies
Eaton, Schneider Electric, ABB, GE, Siemens, Schweitzer Engineering Laboratories, Noja Power, Entec, Tavrida Electric, G&W, Eaton
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Laboratory Chillers Market Report Segments:
The global Laboratory Chillers market is segmented on the basis of:
Types
Hydraulic Control, Electronic Control
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
Substation, Power Distribution System, Line Interface, Others
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:
- Eaton
- Schneider Electric
- ABB
- GE
- Siemens
- Schweitzer Engineering Laboratories
- Noja Power
- Entec
- Tavrida Electric
- G&W
- Eaton
Highlights of The Laboratory Chillers 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:
- Hydraulic Control
- Electronic Control
- By Application:
- Substation
- Power Distribution System
- Line Interface
- Others
- 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 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:
- Correctly Positioning New 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 are a type of air conditioning unit used in laboratories to maintain a temperature below the ambient temperature.
Some of the key players operating in the laboratory chillers market are Eaton, Schneider Electric, ABB, GE, Siemens, Schweitzer Engineering Laboratories, Noja Power, Entec, Tavrida Electric, G&W, Eaton.
The laboratory chillers 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 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 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laboratory Chillers 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 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 Market Size & Forecast, 2020-2028
4.5.1 Laboratory Chillers Market Size and Y-o-Y Growth
4.5.2 Laboratory Chillers 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 Hydraulic Control
5.2.2 Electronic Control
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 Substation
6.2.2 Power Distribution System
6.2.3 Line Interface
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laboratory Chillers 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 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 Hydraulic Control
9.6.2 Electronic Control
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 Substation
9.10.2 Power Distribution System
9.10.3 Line Interface
9.10.4 Others
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 Hydraulic Control
10.6.2 Electronic Control
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 Substation
10.10.2 Power Distribution System
10.10.3 Line Interface
10.10.4 Others
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 Hydraulic Control
11.6.2 Electronic Control
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 Substation
11.10.2 Power Distribution System
11.10.3 Line Interface
11.10.4 Others
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 Hydraulic Control
12.6.2 Electronic Control
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 Substation
12.10.2 Power Distribution System
12.10.3 Line Interface
12.10.4 Others
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 Hydraulic Control
13.6.2 Electronic Control
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 Substation
13.10.2 Power Distribution System
13.10.3 Line Interface
13.10.4 Others
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 Market: Competitive Dashboard
14.2 Global Laboratory Chillers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eaton
14.3.2 Schneider Electric
14.3.3 ABB
14.3.4 GE
14.3.5 Siemens
14.3.6 Schweitzer Engineering Laboratories
14.3.7 Noja Power
14.3.8 Entec
14.3.9 Tavrida Electric
14.3.10 G&W
14.3.11 Eaton
