Laboratory Refrigerator and Oven Market Report: Trends, Forecast and Competitive Analysis to 2030

Laboratory Refrigerator nd Oven Trends and Forecast

The future of the global laboratory refrigerator and oven market looks promising with opportunities in the general purpose lab oven and vacuum oven markets. The global Laboratory Refrigerator and Oven Market is expected to reach an estimated $1.8 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing demand for storage of biological samples and expanding healthcare infrastructure across the globe.

A more than 150-page report is developed to help in your business decisions.

Laboratory Refrigerator nd Oven by Segment

The study includes a forecast for the global laboratory refrigerator and oven by laboratory refrigerator, laboratory oven, distribution channel, and region.

Laboratory Refrigerator and Oven Market by Laboratory Refrigerator [Shipment Analysis by Value from 2018 to 2030]:

• General Purpose Lab Refrigerator
• Explosion Proof Refrigerator
• Portable Refrigerator
• Sub-Zero Refrigerator
• Walk-In Refrigerator

Laboratory Refrigerator and Oven Market by Laboratory Oven [Shipment Analysis by Value from 2018 to 2030]:

• General Purpose Lab Ovens
• Vacuum Ovens

Laboratory Refrigerator and Oven Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:

• Hospital Pharmacies
• Retail Pharmacies
• Online Stores

Laboratory Refrigerator and Oven Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Laboratory Refrigerator nd Oven Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies laboratory refrigerator and oven companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the laboratory refrigerator and oven companies profiled in this report include-

• Haier Biomedica
• Cole-Parmer Instrument Company
• Eppendorf
• Helmer Scientific
• Chart Industries
• Labcold
• NuAire

Laboratory Refrigerator and Oven Market Insights

Lucintel forecasts that general purpose lab refrigerator will remain largest segment over the forecast period as it is most versatile type of laboratory refrigerator that can be used to store a wide variety of samples at various temperatures.

Within this market, general purpose lab oven will remain the larger segment due to its growing usage in wide range of applications, including drying, baking, curing, and sterilizing.

North America will remain largest over the forecast period due to growth of healthcare industry and rising investment in R&D activities in pharmaceutical sectors.

Features of the Global Laboratory Refrigerator and Oven Market

Market Size Estimates: Laboratory refrigerator and oven market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Laboratory refrigerator and oven market size by laboratory refrigerator, laboratory oven, distribution channel, and region in terms of value ($B).

Regional Analysis: Laboratory refrigerator and oven market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different laboratory refrigerator, laboratory oven, distribution channel, and regions for the laboratory refrigerator and oven market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the laboratory refrigerator and oven market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the laboratory refrigerator and oven market size?

Answer: The global laboratory refrigerator and oven market is expected to reach an estimated $1.8 billion by 2030.

Q2. What is the growth forecast for laboratory refrigerator and oven market?

Answer: The global laboratory refrigerator and oven market is expected to grow with a CAGR of 4.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the laboratory refrigerator and oven market?

Answer: The major drivers for this market are growing demand of storage of biological samples and growth of healthcare infrastructure.

Q4. What are the major segments for the laboratory refrigerator and oven market?

Answer: The future of the laboratory refrigerator and oven market looks promising with opportunities in the general purpose lab oven and vacuum oven markets.

Q5. Who are the key laboratory refrigerator and oven market companies?

Answer: Some of the key laboratory refrigerator and oven companies are as follows:

• Haier Biomedica
• Cole-Parmer Instrument Company
• Eppendorf
• Helmer Scientific
• Chart Industries
• Labcold
• NuAire

Q6. Which laboratory refrigerator and oven market segment will be the largest in future?

Answer: Lucintel forecasts that general purpose lab refrigerator will remain largest segment over the forecast period as it is most versatile type of laboratory refrigerator that can be used to store a wide variety of samples at various temperatures.

Q7. In laboratory refrigerator and oven market, which region is expected to be the largest in next 5 years?

Answer: North America will remain largest over the forecast period due to growth of healthcare industry and rising investment in R&D activities in pharmaceutical sectors.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the Laboratory Refrigerator and Oven Market by laboratory refrigerator (general purpose lab refrigerator, explosion proof refrigerator, portable refrigerator, sub-zero refrigerator, and walk-in refrigerator), laboratory oven (general purpose lab ovens and vacuum ovens), distribution channel (hospital pharmacies, retail pharmacies, and online stores), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?