Tuesday, December 4, 2018

Ultra-low Temperature Freezers Market worth USD 1050 Mn by 2022


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The report on " Ultra-low Temperature Freezers Market " helps you to understand the market size, share, growth, trends, major companies performance data and market opportunities.

Ultra-low Temperature Freezers Market Overview:

Ultra-low temperature freezers are bio-coolers that are utilized to preserve bacteria, drugs, viruses, enzymes, chemicals, cell preparations, and tissue samples among others. Their temperature scope is from – 45°C to – 86°C for the most part. Another set of temperature scope available now is between -87°C to 150°C. Growing research and biomedical facilities, and growing demand for blood banks all over the world have helped the market grow substantially. Its applications vary from academic to research institutes and biobanks to hospitals. They can be automated or semi-automated.

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Ultra-low Temperature Freezers Market size Analysis:

The global market for the Ultra-low Temperature Freezers market size to maintain the average annual growth rate of 4.73% from 740 million $ in 2014 to 850 million $ in 2017, Research Cosmos analysts believe that in the next few years, Ultra-low Temperature Freezers market size will be further expanded, we expect that by 2022, The market size of the Ultra-low Temperature Freezers will reach 1050 million $. The segment of upright freezer dominates the revenue pie, thanks to the ease of accessing and lower footprint. However, cost-effectiveness and higher storage capacity of the chest variant of the freezer will stimulate its growth in the coming years. Geographically, the market is segmented into North America, Europe, Asia Pacific, and the LAMEA regions, with Asia Pacific exhibiting promising growth.

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Key Players in this Ultra-low Temperature Freezers Market are:

The market is highly fragmented but some of the key players that operate in the market include Eppendorf AG, Helmer Scientific, Panasonic Healthcare Corporation, Thermo Fisher Scientific, Arctiko A/S, BIONICS SCIENTIFIC TECHNOLOGIES (P) LTD., Glen Dimplex, Haier Biomedical, LABCOLD, REMI GROUP amongst others. Most of the players focus on the regional demand and the concentration of market share is mostly in terms of region. Small and medium-size companies also exist, which make the market highly competitive and bigger firms depend on technology and competitive pricing to prevent cannibalization of market share.

Ultra-low Temperature Freezers Market opportunities and Insights:

The new energy-saving ultra-low temperature freezer is expected to generate future opportunities. Increasing genomic studies focus on reliable cooling with higher energy efficiency and cost-effectiveness of the product has also fuelled the research and investment in the market lately. Market players like Panasonic and Stirling Ultracold are entering into the partnership with the U.S. Environmental Protection Agency (EPA) ENERGY STAR program to promote their commitment towards manufacturing eco-friendly products to fulfill the increasing demand of consumers for an environmentally friendly system with high energy efficiency. Adoption of the freezer has been quick in the market and with technological advancement and automatic portable ULT’s available now, the market is all set to grow in the coming years.

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