Market Overview:
The global laboratory ovens unit market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for laboratory ovens in various applications such as biosafety laboratories, clinical and medical laboratories, incubator laboratories, research & development (R&D) laboratories, and others. In addition, the growing demand for small-sized laboratory ovens 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, small-sized laboratory ovens held a major share in 2017 and are expected to continue its dominance during the forecast period from 2018 to 2030. This can be attributed to their low installation and maintenance costs as compared with other types of laboratory ovens available in the market.
Product Definition:
A laboratory oven is a common piece of equipment in chemistry and biology labs. They are used to heat materials or objects to a set temperature.
Small Capacity (Under 2 cu. Ft.):
Small capacity ovens are used for small scale laboratory purposes. They have a capacity of up to 2 cu. Ft. and are designed for heating, Ventilation, and Air Conditioning (VAC) applications in laboratories that require a low-volume heat source or an individual heat source with limited ventilation requirements.
Standard Capacity (2-6 cu. Ft.):
The standard capacity of a laboratory oven is 2-6 cu. Ft. The size of the compartment depends on the type of product that is to be cooked in the oven, for example; if it's a large animal then 6 cu. Ft would be sufficient but if it's only small animals like birds or fish then 2-4 cu.
Application Insights:
The research and development (R&D) laboratories segment dominated the market in 2017. This is attributed to the increasing government funding for various R&D projects related to infectious diseases, immunology, molecular biology, biochemistry and cell biology. In addition, a rise in private sector investments for developing advanced diagnostic tests is expected to boost product demand over the forecast period.
Clinical and medical laboratories accounted for a significant share of revenue in 2017 owing to an increase in demand from healthcare providers across the globe. Furthermore, an increase in patient population seeking treatment at hospitals or clinics with laboratory services will drive growth during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of key players, increased government funding for R&D activities, and high adoption rate of advanced technologies across this region. The Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing demand for lab-on-chip products from several end users such as research institutes and clinical diagnostic laboratories. Moreover, growing awareness regarding laboratory automation among researchers is anticipated to fuel regional demand during the forecast period.
Furthermore, an increase in foreign investments coupled with favorable government policies aimed at promoting industrial development in emerging economies such as China and India are expected to boost regional growth over the next eight years.
Growth Factors:
- Increasing demand for laboratory ovens in the pharmaceutical and biotechnology industries for R&D purposes.
- Growing demand from the food and beverage industry for baking, roasting, and drying applications.
- Rising popularity of convection ovens over traditional ovens due to their energy efficiency and faster cooking times.
- Increasing use of laboratory ovens in research institutes, universities, and other educational institutions for teaching purposes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Laboratory Ovens Unit Market Research Report
By Type
Small Capacity (Under 2 cu. Ft.), Standard Capacity (2-6 cu. Ft.), Large Capacity (Above 6 cu. Ft.)
By Application
Biosafety Laboratories, Clinical and Medical Laboratories, Incubator Laboratories, Research & Development (R&D) Laboratories, Others
By Companies
InterFocus Ltd, Verder Holding (Carbolite Furnaces), JIM Engineering, Terra Universal, Thermo Fisher Scientific, Agilent Technologies, Binder, BMT Medical Technology, Yamato Scientific, Sheldon Manufacturing, Bionics Scientific Technologies
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Laboratory Ovens Unit Market Report Segments:
The global Laboratory Ovens Unit market is segmented on the basis of:
Types
Small Capacity (Under 2 cu. Ft.), Standard Capacity (2-6 cu. Ft.), Large Capacity (Above 6 cu. Ft.)
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
Biosafety Laboratories, Clinical and Medical Laboratories, Incubator Laboratories, Research & Development (R&D) Laboratories, 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:
- InterFocus Ltd
- Verder Holding (Carbolite Furnaces)
- JIM Engineering
- Terra Universal
- Thermo Fisher Scientific
- Agilent Technologies
- Binder
- BMT Medical Technology
- Yamato Scientific
- Sheldon Manufacturing
- Bionics Scientific Technologies
Highlights of The Laboratory Ovens Unit 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:
- Small Capacity (Under 2 cu. Ft.)
- Standard Capacity (2-6 cu. Ft.)
- Large Capacity (Above 6 cu. Ft.)
- By Application:
- Biosafety Laboratories
- Clinical and Medical Laboratories
- Incubator Laboratories
- Research & Development (R&D) Laboratories
- 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 Ovens Unit 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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- 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?
A laboratory ovens unit is a piece of equipment used in laboratories to bake, roast, or cook food.
Some of the key players operating in the laboratory ovens unit market are InterFocus Ltd, Verder Holding (Carbolite Furnaces), JIM Engineering, Terra Universal, Thermo Fisher Scientific, Agilent Technologies, Binder, BMT Medical Technology, Yamato Scientific, Sheldon Manufacturing, Bionics Scientific Technologies.
The laboratory ovens unit market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Laboratory Ovens Unit Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Laboratory Ovens Unit Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Laboratory Ovens Unit Market - Supply Chain
4.5. Global Laboratory Ovens Unit Market Forecast
4.5.1. Laboratory Ovens Unit Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Laboratory Ovens Unit Market Size (000 Units) and Y-o-Y Growth
4.5.3. Laboratory Ovens Unit Market Absolute $ Opportunity
5. Global Laboratory Ovens Unit Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Laboratory Ovens Unit Market Size and Volume Forecast by Type
5.3.1. Small Capacity (Under 2 cu. Ft.)
5.3.2. Standard Capacity (2-6 cu. Ft.)
5.3.3. Large Capacity (Above 6 cu. Ft.)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Laboratory Ovens Unit Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Laboratory Ovens Unit Market Size and Volume Forecast by Application
6.3.1. Biosafety Laboratories
6.3.2. Clinical and Medical Laboratories
6.3.3. Incubator Laboratories
6.3.4. Research & Development (R&D) Laboratories
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Laboratory Ovens Unit Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Laboratory Ovens Unit Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Laboratory Ovens Unit Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Laboratory Ovens Unit Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Laboratory Ovens Unit Demand Share Forecast, 2019-2029
9. North America Laboratory Ovens Unit Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Laboratory Ovens Unit Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Laboratory Ovens Unit Market Size and Volume Forecast by Application
9.4.1. Biosafety Laboratories
9.4.2. Clinical and Medical Laboratories
9.4.3. Incubator Laboratories
9.4.4. Research & Development (R&D) Laboratories
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Laboratory Ovens Unit Market Size and Volume Forecast by Type
9.7.1. Small Capacity (Under 2 cu. Ft.)
9.7.2. Standard Capacity (2-6 cu. Ft.)
9.7.3. Large Capacity (Above 6 cu. Ft.)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Laboratory Ovens Unit Demand Share Forecast, 2019-2029
10. Latin America Laboratory Ovens Unit Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Laboratory Ovens Unit Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Laboratory Ovens Unit Market Size and Volume Forecast by Application
10.4.1. Biosafety Laboratories
10.4.2. Clinical and Medical Laboratories
10.4.3. Incubator Laboratories
10.4.4. Research & Development (R&D) Laboratories
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Laboratory Ovens Unit Market Size and Volume Forecast by Type
10.7.1. Small Capacity (Under 2 cu. Ft.)
10.7.2. Standard Capacity (2-6 cu. Ft.)
10.7.3. Large Capacity (Above 6 cu. Ft.)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Laboratory Ovens Unit Demand Share Forecast, 2019-2029
11. Europe Laboratory Ovens Unit Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Laboratory Ovens Unit Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Laboratory Ovens Unit Market Size and Volume Forecast by Application
11.4.1. Biosafety Laboratories
11.4.2. Clinical and Medical Laboratories
11.4.3. Incubator Laboratories
11.4.4. Research & Development (R&D) Laboratories
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Laboratory Ovens Unit Market Size and Volume Forecast by Type
11.7.1. Small Capacity (Under 2 cu. Ft.)
11.7.2. Standard Capacity (2-6 cu. Ft.)
11.7.3. Large Capacity (Above 6 cu. Ft.)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Laboratory Ovens Unit Demand Share, 2019-2029
12. Asia Pacific Laboratory Ovens Unit Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Laboratory Ovens Unit Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Laboratory Ovens Unit Market Size and Volume Forecast by Application
12.4.1. Biosafety Laboratories
12.4.2. Clinical and Medical Laboratories
12.4.3. Incubator Laboratories
12.4.4. Research & Development (R&D) Laboratories
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Laboratory Ovens Unit Market Size and Volume Forecast by Type
12.7.1. Small Capacity (Under 2 cu. Ft.)
12.7.2. Standard Capacity (2-6 cu. Ft.)
12.7.3. Large Capacity (Above 6 cu. Ft.)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Laboratory Ovens Unit Demand Share, 2019-2029
13. Middle East & Africa Laboratory Ovens Unit Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Laboratory Ovens Unit Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Laboratory Ovens Unit Market Size and Volume Forecast by Application
13.4.1. Biosafety Laboratories
13.4.2. Clinical and Medical Laboratories
13.4.3. Incubator Laboratories
13.4.4. Research & Development (R&D) Laboratories
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Laboratory Ovens Unit Market Size and Volume Forecast by Type
13.7.1. Small Capacity (Under 2 cu. Ft.)
13.7.2. Standard Capacity (2-6 cu. Ft.)
13.7.3. Large Capacity (Above 6 cu. Ft.)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Laboratory Ovens Unit Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Laboratory Ovens Unit Market: Market Share Analysis
14.2. Laboratory Ovens Unit Distributors and Customers
14.3. Laboratory Ovens Unit Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. InterFocus Ltd
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Verder Holding (Carbolite Furnaces)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. JIM Engineering
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Terra Universal
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Thermo Fisher Scientific
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Agilent Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Binder
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BMT Medical Technology
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yamato Scientific
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sheldon Manufacturing
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Bionics Scientific Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
