Market Overview:
The global ultra low refrigerators 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 cold chain logistics transportation and rising number of hospitals and blood centers across the globe. In addition, growing demand for ultra low refrigerators from universities and research institutions is also contributing to the growth of this market. However, high installation and maintenance costs are restraining the growth of this market. On the basis of type, upright refrigerators accounted for a major share of the global ultra low refrigerators market in 2017. This segment is expected to grow at a CAGR of 5% during the forecast period from 2018 to 2030 due to its compact design that allows easy storage and handling.
Product Definition:
Ultra low refrigerators are special appliances that maintain a very cold temperature, even when the surrounding environment is warm. They are used in laboratories and other scientific settings to store sensitive materials that must be kept cold.
Upright Refrigerator:
UPRIGHT REFRIGERATOR Market Size, Share & Trends Analysis Report By Application (Food & Beverages, Food Processing), By Region (North America, Europe), And Segment Forecasts, 2019 - 2025 -> The global upright refrigerator market size was valued at USD 7.5 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2019 to 2025.
Chest Refrigerator:
The chest refrigerator is one of the most important components in an ultra-low refrigerators. It is responsible for cooling and freezing the products stored inside it. The working principle of this device is very simple, as it works on the principle of thermal mass and heat transfer.
This device stores products at a temperature lower than that required to preserve them for a longer time period; usually below 0?C (32?F).
Application Insights:
The cold chain logistics transportation segment dominated the global ultra low refrigerators market in 2017. This can be attributed to the rising demand for safe and efficient food transport systems, which are vital for maintaining freshness of perishable commodities including fruits, vegetables and medicines. Furthermore, hospitals and blood center application is anticipated to witness significant growth over the forecast period owing to an increase in patient admissions due to COVID-19 pandemic.
Ultra-low temperature refrigeration system is majorly used in cold chain logistics transportation applications as it ensures safe delivery of perishable commodities across a wide range of temperatures by maintaining their quality attributes such as taste, color and texture. Moreover, these systems also ensure efficient distribution along with complete customer satisfaction by reducing spoilage or loss of products during transport operations.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing demand for small and compact refrigerators, which are suitable for urban apartments and houses. Asia Pacific is anticipated to witness significant growth over the coming years owing to increasing disposable income levels, changing lifestyles, and rising adoption of western culture of living in emerging countries such as China and India. Moreover, growing demand for energy-efficient products will drive regional product sales further.
Growth Factors:
- Increasing demand for ultra low refrigerators in the food and beverage industry for storage of sensitive items.
- Rising awareness about the benefits of using ultra low refrigerators among consumers, especially in developed countries.
- Technological advancements that have led to the development of more energy-efficient and compact models of ultra low refrigerators.
- Growing popularity of mini fridges as a convenient way to store food and beverages in small spaces like dormitories, apartments, and offices 5 Increased demand from commercial establishments such as restaurants, hotels, hospitals etc., for use in their kitchens/laboratories
Scope Of The Report
Report Attributes
Report Details
Report Title
Ultra Low Refrigerators Market Research Report
By Type
Upright Refrigerator, Chest Refrigerator
By Application
Cold Chain Logistics Transportation, Hospitals and Blood Center, Universities and Research Institutions
By Companies
Thermo, Panasonic, Eppendorf, So-Low, Nuaire, IlShin, Binder, Froilabo, Haier, GFL, Operon, VWR, Esco Global, Aucma, Nihon Freezer, Zhongke Meiling, Coolingway, Azbil Telstar, Daihan, Arctiko
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Ultra Low Refrigerators Market Report Segments:
The global Ultra Low Refrigerators market is segmented on the basis of:
Types
Upright Refrigerator, Chest Refrigerator
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
Cold Chain Logistics Transportation, Hospitals and Blood Center, Universities and Research Institutions
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:
- Thermo
- Panasonic
- Eppendorf
- So-Low
- Nuaire
- IlShin
- Binder
- Froilabo
- Haier
- GFL
- Operon
- VWR
- Esco Global
- Aucma
- Nihon Freezer
- Zhongke Meiling
- Coolingway
- Azbil Telstar
- Daihan
- Arctiko
Highlights of The Ultra Low Refrigerators 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:
- Upright Refrigerator
- Chest Refrigerator
- By Application:
- Cold Chain Logistics Transportation
- Hospitals and Blood Center
- Universities and Research Institutions
- 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 Ultra Low Refrigerators 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Ultra Low Refrigerators are a type of refrigerator that uses less energy than other refrigerators. They are also known as "green" refrigerators because they use less electricity and produce less waste.
Some of the major companies in the ultra low refrigerators market are Thermo, Panasonic, Eppendorf, So-Low, Nuaire, IlShin, Binder, Froilabo, Haier, GFL, Operon, VWR, Esco Global, Aucma, Nihon Freezer, Zhongke Meiling, Coolingway, Azbil Telstar, Daihan, Arctiko.
The ultra low refrigerators 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 Ultra Low Refrigerators 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 Ultra Low Refrigerators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ultra Low Refrigerators 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 Ultra Low Refrigerators 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 Ultra Low Refrigerators Market Size & Forecast, 2020-2028
4.5.1 Ultra Low Refrigerators Market Size and Y-o-Y Growth
4.5.2 Ultra Low Refrigerators 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 Upright Refrigerator
5.2.2 Chest Refrigerator
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 Cold Chain Logistics Transportation
6.2.2 Hospitals and Blood Center
6.2.3 Universities and Research Institutions
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ultra Low Refrigerators 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 Ultra Low Refrigerators 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 Upright Refrigerator
9.6.2 Chest Refrigerator
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 Cold Chain Logistics Transportation
9.10.2 Hospitals and Blood Center
9.10.3 Universities and Research Institutions
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 Upright Refrigerator
10.6.2 Chest Refrigerator
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 Cold Chain Logistics Transportation
10.10.2 Hospitals and Blood Center
10.10.3 Universities and Research Institutions
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 Upright Refrigerator
11.6.2 Chest Refrigerator
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 Cold Chain Logistics Transportation
11.10.2 Hospitals and Blood Center
11.10.3 Universities and Research Institutions
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 Upright Refrigerator
12.6.2 Chest Refrigerator
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 Cold Chain Logistics Transportation
12.10.2 Hospitals and Blood Center
12.10.3 Universities and Research Institutions
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 Upright Refrigerator
13.6.2 Chest Refrigerator
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 Cold Chain Logistics Transportation
13.10.2 Hospitals and Blood Center
13.10.3 Universities and Research Institutions
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 Ultra Low Refrigerators Market: Competitive Dashboard
14.2 Global Ultra Low Refrigerators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermo
14.3.2 Panasonic
14.3.3 Eppendorf
14.3.4 So-Low
14.3.5 Nuaire
14.3.6 IlShin
14.3.7 Binder
14.3.8 Froilabo
14.3.9 Haier
14.3.10 GFL
14.3.11 Operon
14.3.12 VWR
14.3.13 Esco Global
14.3.14 Aucma
14.3.15 Nihon Freezer
14.3.16 Zhongke Meiling
14.3.17 Coolingway
14.3.18 Azbil Telstar
14.3.19 Daihan
14.3.20 Arctiko
