Market Overview:
The global laboratory temperature control units market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for temperature-controlled laboratories, rising R&D expenditure by pharmaceutical and biotechnology companies, and growing awareness about quality control measures. Based on type, the global laboratory temperature control units market can be segmented into benchtop type and standalone type. The benchtop type segment is expected to account for a larger share of the market in 2018 owing to its low cost and easy installation. However, the standalone type segment is projected to grow at a higher CAGR during the forecast period as it offers greater flexibility with respect to location and size requirements of laboratories. Based on application, the global laboratory temperature control units market can be divided into hospitals, diagnostic laboratories, pharmaceutical & biotechnology companies, and others (academic research institutes & food testing labs). The hospitals segment is estimated to account for a major share of this market in 2018 due its growing demand for advanced diagnostics services.
Product Definition:
A laboratory temperature control unit (LTCU) is a piece of equipment used to maintain a desired temperature in a laboratory. The importance of LTCUs lies in their ability to maintain consistent temperatures, which are necessary for many types of scientific experimentation.
Benchtop Type:
The global benchtop type market is expected to grow at a CAGR of XX% during the forecast period. The growth can be attributed to factors such as increasing demand for automation in laboratories, rising government funding for research and development activities, and growing usage of automated instruments in various fields such as biotechnology & pharmaceuticals industries.
Technological advancements have led to the introduction of portable devices that can be used effectively without any training or expertise.
Standalone Type:
The standalone type is used in laboratory temperature control units market. It is a device that provides accurate and precise temperature measurement as compared to other devices available in the market. The standalone type has gained high popularity among researchers who require highly accurate and sensitive thermometers for their work, especially when it comes to measuring biological temperatures or chemical reactions at very small scales.
In recent times, there have been significant advancements made by key players operating in the market such as Honeywell International Inc.
Application Insights:
The market is segmented on the basis of application into hospitals, diagnostic laboratories, pharmaceutical and biotechnology companies, and others. The hospitals segment dominated the global laboratory temperature control units market in 2017 owing to factors such as increasing investments by governments for building healthcare infrastructure along with rising prevalence of chronic diseases that require a high level of care. Furthermore, an increase in investment by various companies for R&D pertaining to new product development will boost industry growth over the forecast period.
The pharmaceutical and biotechnology company application segment is expected to witness significant growth during the forecast period due to extensive R&D activities conducted by these companies pertaining to new drug discovery & development process. For instance, in April 2018 Thermo Fisher Scientific launched its nanoTitanium Technology that helps enhance protein crystallization productivity by 10%. Such technological advancements are expected fuel industry expansion over the next eight years.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period owing to the rising prevalence of chronic diseases and increasing investments by governments for research & development activities. The U.S. government has undertaken initiatives such as “2020: A New Visionâ€, which aims at reducing mortality rates due to infectious diseases, cardiovascular disease, cancer, diabetes and obesity by 2020.
In Europe, the market is anticipated to witness growth owing to factors such as growing geriatric population base coupled with increasing incidences of chronic diseases like Parkinson's disease (PD), multiple sclerosis (MS) are contributing toward regional growth.
Growth Factors:
- Increasing demand for temperature controlled laboratories to ensure accurate results
- Growing research and development expenditure by pharmaceutical and biotechnology companies
- Rising number of clinical trials being conducted globally
- Proliferation of contract research organizations (CROs)
- Technological advancements in laboratory temperature control units
Scope Of The Report
Report Attributes
Report Details
Report Title
Laboratory Temperature Control Units Market Research Report
By Type
Benchtop Type, Standalone Type
By Application
Hospitals, Diagnostic Laboratories, Pharmaceutical & Biotechnology, Others
By Companies
AutoMate Scientific, Bio-Rad Laboratories, BMG Labtech, Delta Electronics, Gericke AG, Grant Instruments, Green Leaf Scientific, Heidolph, HiTec Zang GmbH, Huber Kältemaschinenbau, IKA, Julabo GmbH, Lauda, Polyscience, Thermo Fisher Scientific
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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Laboratory Temperature Control Units Market Report Segments:
The global Laboratory Temperature Control Units market is segmented on the basis of:
Types
Benchtop Type, Standalone Type
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
Hospitals, Diagnostic Laboratories, Pharmaceutical & Biotechnology, 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:
- AutoMate Scientific
- Bio-Rad Laboratories
- BMG Labtech
- Delta Electronics
- Gericke AG
- Grant Instruments
- Green Leaf Scientific
- Heidolph
- HiTec Zang GmbH
- Huber Kältemaschinenbau
- IKA
- Julabo GmbH
- Lauda
- Polyscience
- Thermo Fisher Scientific
Highlights of The Laboratory Temperature Control Units 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:
- Benchtop Type
- Standalone Type
- By Application:
- Hospitals
- Diagnostic Laboratories
- Pharmaceutical & Biotechnology
- 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 Temperature Control Units 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.
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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?
A laboratory temperature control unit (LTCU) is a device that helps to maintain the temperature of a laboratory environment. LTCUs are used in research and development, manufacturing, and other industrial settings where precise temperatures are important.
Some of the major players in the laboratory temperature control units market are AutoMate Scientific, Bio-Rad Laboratories, BMG Labtech, Delta Electronics, Gericke AG, Grant Instruments, Green Leaf Scientific, Heidolph, HiTec Zang GmbH, Huber K¤ltemaschinenbau, IKA, Julabo GmbH, Lauda, Polyscience, Thermo Fisher Scientific.
The laboratory temperature control units market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laboratory Temperature Control Units 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 Temperature Control Units Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laboratory Temperature Control Units 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 Temperature Control Units 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 Temperature Control Units Market Size & Forecast, 2018-2028
4.5.1 Laboratory Temperature Control Units Market Size and Y-o-Y Growth
4.5.2 Laboratory Temperature Control Units Market Absolute $ Opportunity
Chapter 5 Global Laboratory Temperature Control Units 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 Laboratory Temperature Control Units Market Size Forecast by Type
5.2.1 Benchtop Type
5.2.2 Standalone Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Laboratory Temperature Control Units 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 Laboratory Temperature Control Units Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Diagnostic Laboratories
6.2.3 Pharmaceutical & Biotechnology
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laboratory Temperature Control Units 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 Temperature Control Units 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 Laboratory Temperature Control Units Analysis and Forecast
9.1 Introduction
9.2 North America Laboratory Temperature Control Units 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 Laboratory Temperature Control Units Market Size Forecast by Type
9.6.1 Benchtop Type
9.6.2 Standalone Type
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 Laboratory Temperature Control Units Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Diagnostic Laboratories
9.10.3 Pharmaceutical & Biotechnology
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 Laboratory Temperature Control Units Analysis and Forecast
10.1 Introduction
10.2 Europe Laboratory Temperature Control Units 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 Laboratory Temperature Control Units Market Size Forecast by Type
10.6.1 Benchtop Type
10.6.2 Standalone Type
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 Laboratory Temperature Control Units Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Diagnostic Laboratories
10.10.3 Pharmaceutical & Biotechnology
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 Laboratory Temperature Control Units Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Laboratory Temperature Control Units 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 Laboratory Temperature Control Units Market Size Forecast by Type
11.6.1 Benchtop Type
11.6.2 Standalone Type
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 Laboratory Temperature Control Units Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Diagnostic Laboratories
11.10.3 Pharmaceutical & Biotechnology
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 Laboratory Temperature Control Units Analysis and Forecast
12.1 Introduction
12.2 Latin America Laboratory Temperature Control Units 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 Laboratory Temperature Control Units Market Size Forecast by Type
12.6.1 Benchtop Type
12.6.2 Standalone Type
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 Laboratory Temperature Control Units Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Diagnostic Laboratories
12.10.3 Pharmaceutical & Biotechnology
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) Laboratory Temperature Control Units Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Laboratory Temperature Control Units 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) Laboratory Temperature Control Units Market Size Forecast by Type
13.6.1 Benchtop Type
13.6.2 Standalone Type
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) Laboratory Temperature Control Units Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Diagnostic Laboratories
13.10.3 Pharmaceutical & Biotechnology
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 Temperature Control Units Market: Competitive Dashboard
14.2 Global Laboratory Temperature Control Units Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AutoMate Scientific
14.3.2 Bio-Rad Laboratories
14.3.3 BMG Labtech
14.3.4 Delta Electronics
14.3.5 Gericke AG
14.3.6 Grant Instruments
14.3.7 Green Leaf Scientific
14.3.8 Heidolph
14.3.9 HiTec Zang GmbH
14.3.10 Huber Kältemaschinenbau
14.3.11 IKA
14.3.12 Julabo GmbH
14.3.13 Lauda
14.3.14 Polyscience
14.3.15 Thermo Fisher Scientific
