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    Laboratory Temperature Control Units Market | Covid-19 Impact Analysis

    Laboratory Temperature Control Units Market | Covid-19 Impact Analysis

    Laboratory Temperature Control Units Market | Covid-19 Impact Analysis
    Report code - SRCG151 Delivery - 2 Weeks
    Laboratory Temperature Control Units Market Size, Share, Trend, Forecast, & Industry A See more...
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    Impact of COVID-19 on Laboratory Temperature Control Units Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Laboratory Temperature Control Units Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Laboratory Temperature Control Units Market Insights

    Laboratory Temperature Control Units Market is likely to witness an impressive CAGR of 5.1% during the forecast period. The COVID-19 impact is playing a crucial role in driving the growth of the laboratory temperature control units’ market, as various manufacturers operating in the laboratory temperature control units are introducing innovative solutions with the intention of providing better as well as more effective patient care. For example, Huber’s temperature control technology is being widely used to produce protective equipment and medical devices, for material & functional tests, and for quality assurance. Likewise, Huber’s temperature control units accounted for a major contribution to the production facilities of chemistry and research laboratories along with the medical and pharmaceutical technology.  

    Laboratory Temperature Control Units Market - Snapshot

    Growth

    5.1% for the next five years

    Major Product Type

    Laboratory Chillers

    Larger Modality Type

    Standalone/benchtop

    Dominant End-Use Type

    Hospital

    Region with the highest demand

    Asia-Pacific

    Key Players

    Bio-Rad Laboratories, Delta Electronics, Inc., Eurodifroid, FRYKA-Kältetechnik GmbH, IKA, JULABO GmbH, LAUDA DR.R. WOBSER Beteiligungs-GmbH, Peter Huber Kältemaschinenbau AG, PolyScience, and UFP TECHNOLOGIES, INC.

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    Market Share Analysis

    Laboratory-Temperature-Control-Units-Market-Dominant-Segments

    Laboratory Temperature Control Units Market Share: By Product Type

    Based on the product type, the market is segmented as laboratory temperature controllers, laboratory thermostats, laboratory chillers, laboratory circulators, and others. Laboratory chillers are air-cooled or water-cooled and are widely used in laboratories and medical research institutions for different kinds of applications including the blood cooling system and radiation therapy machines among others that anchor the progress of the market. Also, for the accuracy of temperature controlling, chillers used in laboratories can be customized to achieve the target of meeting the exact specifications as well as requirements that eventually bolster the growth of the overall market.

    Furthermore, various types of laboratory temperature control units are used in scientific research centers and universities on regular basis, which further ensure reliable results in laboratory procedures when used as a quality lab equipment. Moreover, these laboratories are well equipped with laboratory chillers and laboratory thermostats that secure the overall growth of the market. On the other hand, the shortage of skilled healthcare professionals in both of the developing and underdeveloped economies can hamper the growth and development of the laboratory temperature control unit industry during the forecast period.

    Laboratory Temperature Control Units Market Share: By Modality Type

    Based on the modality type, the laboratory temperature control units market is segmented as standalone/benchtop and portable/handheld. The standalone/benchtop segment accounted for the larger share of the market in the year 2019. A standalone device can perform its function and complete the task without being needy for any other device or connection. Furthermore, the growing demand for standalone equipment in laboratories offer various profitable features including stability that would be able to boost the expansion of the market during the forecast period. Also, various manufacturers operating in this industry offer several standalone devices that are being widely utilized in the laboratories, fueling the overall growth of the segment in the market.

    Laboratory Temperature Control Units Market Share: By End-Use Type

    Based on the end-use type, the market is segmented as hospitals, pharma & biotech industry, chemical industry, food & beverage industry, and others. The hospital segment held more than 20% share of the revenue in 2019, and is expected to witness a significant growth rate during the forecast period. Factors such as growing number of patient samples which require critical diagnosis in hospitals coupled with the accessibility of sophisticated healthcare infrastructure, increase in incidents causing various diseases are likely to fuel the demand for laboratory temperature control units in hospital settings of the market during the forecast period.

    Laboratory Temperature Control Units Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to witness the highest growth during the forecast period, with China and Japan being the major countries with increase in R&D activities’ investment for introducing innovative laboratory equipment along with the increasing healthcare expenditure. The presence of key players of the industry coupled with surging healthcare facilities in China along with the rise in awareness and support from the government sector for better and improved R&D facilities is expected to ramp up the growth of the regional market during the forecast period. Europe and North-America are also expected to offer substantial growth opportunities during the forecast period.

    Laboratory-Temperature-Control-Units-Market-by-Region

    Some of the key players in the laboratory temperature control units market are-

    • Bio-Rad Laboratories
    • Delta Electronics, Inc.
    • Eurodifroid
    • FRYKA-Kältetechnik GmbH
    • IKA
    • JULABO GmbH
    • LAUDA DR.R. WOBSER Beteiligungs-GmbH
    • Peter Huber Kältemaschinenbau AG
    • PolyScience
    • UFP TECHNOLOGIES, INC.

     

    Market Scope & Segmentation

    Laboratory temperature control units are specially designed in a way which maintain the desired temperature of particular samples throughout the process. Temperature controlling basically refers to a process which is intended to sustain the temperature in a given area within a specific range. Factors such as the advent of greenhouse effect, increasing industrialization have given a rise to the need for temperature control applications in different sectors of various industries.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Laboratory Temperature Control Units Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The laboratory temperature control units market is segmented into the following categories. 

    Laboratory Temperature Control Units Market Size, Share, & Forecast, by Product Type:

    • Laboratory Temperature Controllers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Laboratory Thermostats (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Laboratory Chillers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Laboratory Circulators (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Laboratory Temperature Control Units Market Size, Share, & Forecast, by Modality Type:

    • Standalone/benchtop (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Portable/handheld (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Laboratory Temperature Control Units Market Size, Share, & Forecast, by End-Use Type:

    • Hospitals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pharma & Biotech Industry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Chemical Industry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Food & Beverage Industry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Laboratory Temperature Control Units Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Laboratory-Temperature-Control-Units-Market-Segmentation

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by end-use type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]iewresearch.com


    Frequently Asked Questions (FAQs)

    What will be the growth of Laboratory Temperature Control Units Market in the foreseeable future?

    Laboratory Temperature Control Units Market is likely to witness an impressive CAGR of 5.1% in the foreseeable future.

    Who are the key players in the Laboratory Temperature Control Units Market?

    Bio-Rad Laboratories, Delta Electronics, Inc., Eurodifroid, FRYKA-Kltetechnik GmbH, IKA, JULABO GmbH, LAUDA DR.R. WOBSER Beteiligungs-GmbH, Peter Huber Kltemaschinenbau AG, PolyScience, and UFP TECHNOLOGIES, INC are among the key players in the laboratory temperature control unit market.

    Which country/region is expected to witness the highest growth in the Laboratory Temperature Control Units Market?

    Asia-Pacific is expected to witness the highest growth in the laboratory temperature control units market during the next five years.

    Which modality type accounted for the larger share of the market in 2019?

    The standalone/benchtop segment accounted for the larger share of the market in the year 2019.

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