Market Analysis and Insights: Global Ultra Low Temperature (ULT) Freezers Market
The Absolute Markets Insights has been monitoring the Ultra-Low Temperature (ULT) Freezers Market and it is poised to grow by $ 510.16 bn during 2021-2030 progressing at a CAGR of 4.4% during the forecast period. The report on Ultra Low Temperature (ULT) Freezers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering various vendors.
Competitive Landscape of Ultra Low Temperature (ULT) Freezers Market
Ultra-Low Temperature (ULT) Freezers market competitive countryside provides information by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, latest market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, application dominance, technology lifeline curve. The above details points provided are only related to the company’s focus related to Ultra Low Temperature (ULT) Freezers market.
Some of the players operating in the ultra-low temperature (ULT) freezers market are Arctiko, BINDER GmbH, Eppendorf AG, Esco Micro Pte. Ltd., Haier Inc., Helmer Scientific Inc., Nuaire, PHC Corporation, REMI GROUP, Stirling Ultracold, and Thermo Fisher Scientific amongst other market participants.
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Based on type, the global ultra low temperature (ULT) freezers market has been bifurcated into upright ultra low temperature (ULT) freezers and chest ultra low temperature (ULT) freezers. Upright ultra low temperature (ULT) freezers held the largest market share in 2020 owing to their ease of use, lower energy consumption, and cost-effectiveness. Upright freezer can accommodate lab space limitations by fitting into slim spaces. For instance, Stirling Ultracold created the SU780XLE, an energy-efficient upright ultra-low temperature (ULT) freezer. Its advantages include lower operating costs, saving critical laboratory space, and lowering freezer energy use.
Based on application, the global ultra low temperature (ULT) freezers market has been segmented into laboratory and clinical samples, vaccine storage, and others. Laboratory and clinical samples accounted for the highest share in 2020. An ultra low temperature freezer is commonly used for the preservation of numerous samples that require a low temperature. Sensitive stem cells, plasma, eggs, virus, bone graft, and other biological samples are maintained in such ultra low deep freezers for research applications. It maintains a consistent temperature for all crucial laboratory and clinical samples.
Based on end-users, the global ultra low temperature (ULT) freezers market has been segmented into blood banks, hospitals, research institutes, biotechnology and pharmaceutical companies, and others. Hospitals accounted for the highest share in 2020, followed by research institutes and blood banks. The increasing demand for freezers used in various applications from safe and secure sample storage to ensuring sample quality across hospital facilities is driving the segment’s growth in the global market.
Ultra-Low Temperature (ULT) Freezers Market Segmentation:
By Type
- Upright Ultra Low Temperature (ULT) Freezers
- Chest Ultra Low Temperature (ULT) Freezers
By Capacity
- Less than 400 L
- 401 L to 600 L
- 601 L to 800 L
- More than 800 L
By Application
- Laboratory and Clinical Samples
- Vaccine Storage
- Others
By End Users
- Blood Banks
- Hospitals
- Research Institutes
- Biotechnology and Pharmaceutical Companies
- Others
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