Laboratory Thermostat Market Scope
Thermostat is a device that controls the heating or cooling of a substance, by turning the machinery on or off, so as to maintain a constant temperature. A thermostat senses the temperature of a physical system & performs actions so that the system’s temperature is maintained near a preferred set point. Thermostats are used in any device or system that heats or cools to a setpoint temperature, such as HVAC systems, building heating, central heating, air conditioners, water heaters, & kitchen equipment including ovens and refrigerators & medical and scientific incubators. Laboratory Thermostats are used in pharmaceutical & biotechnology companies, academic & research institutes, as well as other applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | JULABO GmbH (Germany), Analytik Jena AG (Germany), Cleaver Scientific (United Kingdom), Kenton international CO., LTD (China), IKA India Private Limited (India), VELP Scientifica (Italy), Cole-Parmer (United States), A. Krüss Optronic GmbH (Germany), Peter Huber Kältemaschinenbau GmbH (Germany) and VWR International (United States) |
CAGR | % |
In August 2018, Peter Huber Kältemaschinenbau GmbH has announced the business expansion in China. In August, the company has opened a new sales office based in Guangzhou, China. The new subsidiary will serve end users & dealers in China under the name "Huber China". Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Laboratory Thermostat market throughout the predicted period.
JULABO GmbH (Germany), Analytik Jena AG (Germany), Cleaver Scientific (United Kingdom), Kenton international CO., LTD (China), IKA India Private Limited (India), VELP Scientifica (Italy), Cole-Parmer (United States), A. Krüss Optronic GmbH (Germany), Peter Huber Kältemaschinenbau GmbH (Germany) and VWR International (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are RAYPA - R.Espinar S.L.(Spain) and KNAUER Wissenschaftliche Geräte GmbH (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Laboratory Thermostat market by Type , by Application (Pharmaceutical & Biotechnology Companies, Academic & Research Institutes and Others) and Region with country level break-up.
On the basis of geography, the market of Laboratory Thermostat 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). North America region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In May 2023, DiversiTech confirmed a definitive agreement to acquire Pro1 Thermostats, a specialist in heating and cooling technology. This acquisition will strengthen DiversiTech's position in the HVAC/R industry and expand its product offerings.
In February 2018, Analytik Jena and Thermo Fisher Scientific announced a new laboratory automation solution designed to streamline workflows, optimize productivity, and speed time to results. The new solution is on display this week at the 2018 Society for Laboratory Automation and Screening (SLAS) conference, Booth 1105, San Diego Convention Center, California
Market Growth Drivers:
Growing Demand from End Use Industries and Technological Advancements in Laboratory Thermostats
Restraints:
Rising Prices of in Laboratory thermostats
Opportunities:
Growing Opportunities from Untapped Markets and Growth of Pharmaceutical Industry in Asia-Pacific Region
Key Target Audience
Laboratory Thermostat Manufacturers, Raw Materials Suppliers, Government and Research Organizations, Industry Associations, End Users and Others