What is Low-temperature Freezers Market?
Low-temperature freezers also known as ultra-low temperature freezers are used to store content between temperature ranges of -40 degrees to -86 degree Celsius. Low-temperature freezers are primarily used in laboratories and clinics to store stem cells, viruses, bacteria, tissue samples, blood plasma, etc. Further, the outburst of the coronavirus pandemic and upsurge in the demand of last-mile delivery of mRNA vaccines has created significant opportunities for the low-temperature freezers market. The need for energy-efficient freezers with high-performance freezing is increasing among the end users which has led manufacturers to invest in R&D for technological advancements and add new features.
Highlights from Low-temperature Freezers Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Stirling Ultracold (United States), Thermo Fisher Scientific (United States), Newtronic (India), Haier Biomedical (China), Antech Scientific (China), PHC Holdings (Japan), Stericox India Private Limited (India), Arctiko (Denmark), Nuaire (United States), Esco Lifesciences (Singapore), Godrej Group (India), Eppendorf (Germany), Continental Refrigerator (United States), Fiocchetti (Italy) and Philipp Kirsch GmbH (Germany)|
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are also focusing on strategic decisions like mergers & acquisitions and partnerships in order to maintain their presence and further expansion in the market Stirling Ultracold (United States), Thermo Fisher Scientific (United States), Newtronic (India), Haier Biomedical (China), Antech Scientific (China), PHC Holdings (Japan), Stericox India Private Limited (India), Arctiko (Denmark), Nuaire (United States), Esco Lifesciences (Singapore), Godrej Group (India), Eppendorf (Germany), Continental Refrigerator (United States), Fiocchetti (Italy) and Philipp Kirsch GmbH (Germany) are some of the key players profiled in the study.
Low-temperature Freezers Market Segmentation:
|Application / End User||Laboratory, Pharmaceuticals, Biobanks and Others|
|Type||Chest, Upright and Undercounter|
|Body Material||Stainless Steel,Aluminum|
On the basis of geography, the market of Low-temperature Freezers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Increasing Focus on the Innovation in Cooling Technology and Emerging Trend of Compact Low-Temperature Freezers for Cold Chain and Launch of Energy Efficient Low-Temperature Freezers In Order to Achieve Facility Sustainability Objectives
Market Growth Drivers:
High Adoption of Low-Temperature Freezers in Laboratories for Storing Drugs, Tissue Samples, Viruses, Bacteria, Etc. and Rising Demand for Blood Components Specially Plasma for Treatment of Various Diseases
Evaporator Freezing and Condensation are the Most Common Problem with Low-Temperature Freezers
High Cost Associated with Technologically Advanced Low-Temperature Freezers Can Hamper the Growth
Surging Demand for Low-Temperature Freezers Across the Globe During Covid 19 Pandemic For Vaccine Storage
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Low-Temperature Freezers Manufacturers, Suppliers and Distributors, Raw Material Providers, Venture Capitalists and Private Equity Firms, Regulatory Bodies &Research Organizations, End-Users and Others
In June 2021, Thermo Fisher Scientific launched a line of new ultra-low temperature freezers under TSX Series. The freezers come with exterior illuminations option frost management capability, cloud-connected, and wireless monitoring functionality to maintain optimal storage conditions. The freezers are designed to detect high & low usage patterns and adjust compressor speeds and reduce energy usage. With this, the aim of the Company is to provide advanced and environmentally sustainable freezers to protect various materials.