Quick Summary:
In the evolving field of scientific research and experimentation, there is an increasing demand for precise temperature control. To meet this demand, laboratories across the globe are relying more and more on laboratory temperature control products, an industry that is expected to reach a formidable $2 billion by the year 2030. Among the multiple varieties of these products, the market is witnessing a dominance of incubators, projected to reach a substantial $840.7 million within the same timeframe. To place your business on the cutting edge of this temperate wave of market growth, a thorough understanding of the market trends and drivers is crucial.
Our Global Laboratory Temperature Control Products Market Report provides an illuminating insight into this growing industry, well-positioned to assist senior executives in making informed decisions. This report not only offers a closer look at the U.S market, which stands at an impressive $362.4 million, but also features a detailed analysis of the fastest-growing markets such as China. Strengthen your market intelligence with our rich insights, regional trends, and highlighted data on key market competitors like Agilent Technologies, Inc and Thermo Fisher Scientific, Inc. Equipped with these insights, give your business the competitive edge it needs.
Global Laboratory Temperature Control Products Market to Reach $2 Billion by 2030
The global market for Laboratory Temperature Control Products estimated at US$1.3 Billion in the year 2022, is projected to reach a revised size of US$2 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030. Incubators, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$840.7 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Baths segment is readjusted to a revised 4.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $362.4 Million, While China is Forecast to Grow at 8.1% CAGR
The Laboratory Temperature Control Products market in the U.S. is estimated at US$362.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$433.3 Million by the year 2030 trailing a CAGR of 8.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.Select Competitors (Total 31 Featured) -
- Agilent Technologies, Inc.
- Corning, Inc.
- IKA Werke GmbH & Co. KG
- JULABO GmbH
- Lauda Brinkmann, LP
- Thermo Fisher Scientific, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Laboratory Temperature Control Products?
What is the growth rate of the Global Market for Laboratory Temperature Control Products?
What is the forecasted size of the Global Market for Laboratory Temperature Control Products?
Who are the key companies in the Global Market for Laboratory Temperature Control Products?
| Report Attribute | Details |
|---|---|
| No. of Pages | 218 |
| Published | October 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 1.3 Billion |
| Forecasted Market Value ( USD | $ 2 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Agilent Technologies, Inc.
- Corning, Inc.
- IKA Werke GmbH & Co. KG
- JULABO GmbH
- Lauda Brinkmann, LP
- Thermo Fisher Scientific, Inc.
