Global Laboratory Temperature Control Units Market Overview:
Temperature controllers are required in situations for a given temperature to be kept stable. This can be in a situation where an object is required to be heated, cooled, or both and to remain at the target temperature (setpoint), regardless of the changing environment around it. Temperature controllers are used in all temperature-dependent determining, control, safety, and monitoring applications in laboratories and pilot plants. Laboratory equipment often comprises temperature-sensitive materials, and inaccurate or irregular temperature control can ruin devices, samples, or experiments. A digital temperature controller can preserve a constant temperature with minimal overshooting, within a range from -200 °C to 1371 °C.
As per latest study released by AMA Research, the Global Laboratory Temperature Control Units market is expected to see growth rate of 6.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technological Advancement in Temperature Controller like Hybrid Temperature Controller
Market Growth Drivers:
High Adoption in Oil & Gas Industries and The Growing Adoption due to Technological Innovations in Temperature Controllers
Challenges:
High Competition Among Major Players
Restraints:
High Cost Associated with Laboratory Temperature Control Units
Opportunities:
Rapidly Growing Semiconductors Industry and Huge Potential for Hybrid Temperature Controllers
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies.
Some of the key players profiled in the report are Bio-Rad Laboratories (United States), Delta Electronics (Taiwan), Eurodifroid (France), FRYKA-Kältetechnik (Germany), IKA-Werke (Germany), JULABO (Germany), LAUDA DR. R. WOBSER (Germany), Peter Huber Kältemaschinenbau (Germany), PolyScience (United States) and Thermo Fisher Scientific (United States). Analyst at AMA Research see German Players to retain maximum share of Global Laboratory Temperature Control Units market by 2030. Considering Market by Technology, the sub-segment i.e. Digital will boost the Laboratory Temperature Control Units market. Considering Market by Mobility, the sub-segment i.e. Standalone will boost the Laboratory Temperature Control Units market. Considering Market by End-User, the sub-segment i.e. Hospitals will boost the Laboratory Temperature Control Units market.
Latest Market Insights:
In August 2023, Thermo Fisher Scientific announced the acquisition of Aprexis Health, a company specializing in cryogenic sample storage solutions. This move strengthens Thermo Fisher's position in the high-growth cryogenic storage market.
In January 2024, Thermo Fisher Scientific launched the Thermo Scientific Forma S Series ULT Freezers, featuring advanced energy efficiency and remote monitoring capabilities.
What Can be Explored with the Laboratory Temperature Control Units Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Laboratory Temperature Control Units Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Laboratory Temperature Control Units
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Laboratory Temperature Control Units market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Laboratory Temperature Control Units market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Laboratory Temperature Control Units, Suppliers of Laboratory Temperature Control Units, Wholesalers, Distributors and Retailers of Laboratory Temperature Control Units, Private Regulatory Bodies, Industry Association and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.