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Laboratory Temperature Control Units Market 2020 Regional Growth To 2026 By Top Players

Author : Ronak Bora | Published Date : 2020-11-06 

Laboratory Temperature Control Units Market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

The global laboratory temperature control units market is projected to foresee immense growth due to the rising product demand from numerous high-revenue industrial verticals such as chemical, F&B, plastics, packaging, and hospitals among others. The product, more commonly known as a temperature controller, is extensively used to preheat industrial processes as well as maintain the desired temperature. Meanwhile, the increasing use of temperature control units in the plastic molding process should drive the product demand further over the coming years. Temperature affects each step of the injection molding process, and thus it should be closely monitored, which requires the installation of a sophisticated temperature control unit.

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Several potential novel drug candidates have entered the development pipeline over the past few years. Moreover, the COVID-19 outbreak has fueled continuous research into development of effective vaccines and medicines to save millions of people affected by the virus. Exponential rise in drug R&D and demand for effective patient care due to the pandemic will foster the adoption of lab temperature units in the coming years. Reports suggest that global laboratory temperature control units market size will exceed USD 800 Million in terms of annual remunerations by 2026.

Benchtop/standalone equipment are gaining popularity in the medical sector as they can function independently. In 2019, benchtop/ standalone equipment models accounted for over USD 400 Million in terms of revenue. Several industry players offer variety of devices as per specific requirement of research laboratories. For instance, Thomas Scientific, a leader in laboratory supplies, equipment and instruments, offers upright Controlled Room Temperature Cabinets for customized medical applications. These units showcase a digital microprocessor temperature controller enabling precise temperature management required for medication storage at room temperature

Laboratory thermostats are witnessing high demand on account of effective heating and cooling capabilities. The product is extensively used in biotechnology and pharmaceutical sector as well as in academic & research institutes to efficiently control and maintain temperature of medical devices. In 2019, laboratory thermostats accounted for more than 30% of the global market share.

In 2019, chemical industry accounted for 10% of the laboratory temperature control unit industry share. These units are extensively used in various industries to manage manufacturing operations and processes efficiently. Temperature control applications are vital in the chemical industry to increase the accuracy of experiments and drug development. Growing demand for incubators and laboratory test equipment from chemical industry will create lucrative opportunities for industry players.

North America laboratory temperature control units market showcased growth rate of 4.5% through 2019 and is estimated to witness substantial growth over 2020-2026. Favorable government initiatives in the U.S. and robust spending for the development of innovative laboratory products is likely to aid industry growth. The increasing spending on R&D in pharmaceutical and biotechnology field will further boost regional market growth. 

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/laboratory-temperature-control-units-market

Partial Chapter of the Table of Content 

Chapter 4. Laboratory Temperature Control Units Market, By Product

4.1. Key segment trends

4.2. Laboratory temperature controllers

4.2.1.  Market size, by region, 2015 – 2026 (USD Million)

4.2.2.  Market size, by region, 2015 – 2026 (Units)

4.3. Laboratory thermostats

4.3.1.  Market size, by region, 2015 – 2026 (USD Million)

4.3.2.  Market size, by region, 2015 – 2026 (Units)

4.4. Laboratory chillers

4.4.1.  Market size, by region, 2015 – 2026 (USD Million)

4.4.2.  Market size, by region, 2015 – 2026 (Units)

4.5. Laboratory circulators

4.5.1.  Market size, by region, 2015 – 2026 (USD Million)

4.5.2.  Market size, by region, 2015 – 2026 (Units)

4.6. Others

4.6.1.  Market size, by region, 2015 – 2026 (USD Million)

4.6.2.  Market size, by region, 2015 – 2026 (Units)

Chapter 5. Laboratory Temperature Control Units Market, By Modality

5.1. Key segment trends

5.2. Standalone/benchtop

5.2.1.  Market size, by region, 2015 – 2026 (USD Million)

5.3. Portable/handheld

5.3.1.  Market size, by region, 2015 – 2026 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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