Worldwide Sales of Laboratory Refrigerators and Ovens to Exceed US$982 Million by 2010, According to a New Report by Global Industry Analysts, Inc.

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The utmost requirement for precision refrigeration and freezing is in laboratories handling blood, blood products, DNA, enzymes, and tissue samples. Also, the demand is high in laboratories involved in human reproductive technology. Sophisticated systems are in great demand to meet evolving clinical and cryo-biological applications. Worldwide sales of Laboratory Refrigerators and Ovens are projected to exceed US$982 million by 2010.

Laboratory Refrigerators & Ovens: A Global Strategic Business Report

Laboratory refrigerators/freezers, designed specifically for optimum storage of medical/pharmaceutical materials, control and maintain precise temperature, providing safety and effectiveness to vital medical/research undertakings. Laboratory refrigerators/freezers, unlike conventional food storage refrigerators, are usually equipped with mechanically circulated air system, sturdy cabinet and an air-cooled refrigeration system.

The United States dominates the Laboratory Refrigerators and Ovens market worldwide, with sales estimated at US$331 million in 2007. The laboratory freezers market in the United States is expected to go up to a little over US$81 million by 2010, while the laboratory ovens market was estimated at over US$95 million in 2007. Global laboratory refrigerators market represents the largest and the fastest growing product segment in terms of dollar sales (market worth over $400 million in 2007) over the period 2000-2010.

Europe is the second largest regional market, accounting for about 28.4% of the global sales value in 2007. Germany represents the largest and the fastest growing laboratory refrigerators & ovens market in Europe, with sales expected to reach nearly US$85 million by 2010. Asia-Pacific represents the fastest growing regional market worldwide with sales projected to increase at a compounded annual rate of 5.5% over the 2000-2010 period. Regional sales of laboratory freezers are estimated at US$19.4 million in 2007.

Performance at an affordable price range remains the primary basis for competitive strategies of market leaders. Key players listed in the report include Carbolite Ltd., Chart Industries Inc., Labcold Ltd., Marvel Scientific, New Brunswick Scientific Co., Inc., NuAire Inc., Rees Scientific Corporation, Sanyo Electric Biomedical Co., Ltd., SPX Corporation, Taylor-Wharton, Thermo Fisher Scientific Inc., Thermogenesis Corp., and Wisconsin Oven Corporation.

"Laboratory Refrigerators & Ovens: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the global market with hard-to-find data and analytics for key regional markets such as the United States, Europe, and others, alongside up and coming markets such as Asia-Pacific and Latin America. The report provides a comprehensive review of market trends and issues, drivers, business profile, players, competitive landscape, recent developments, mergers, acquisitions, alliances, product launches and other strategic industry activities. Analytical estimates and projections are presented in terms of annual sales in US$ over the years 2000 through 2015. Product groups/segments independently analyzed include Refrigerators (General Purpose Laboratory Refrigerator, Explosion-Proof Refrigerator, Portable Refrigerator, Sub-Zero Refrigerator, Walk-In Refrigerator), Freezers (General Purpose Laboratory Freezers, Explosion-Proof Freezers, Ultra-Low Temperature Freezers), and Ovens (General Purpose Laboratory Ovens & Vacuum Ovens).

For more details about this research report, please visit

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
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