Global Laboratory Refrigerators & Ovens Market to Reach US$985 Million by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Laboratory Refrigerators & Ovens. The global market for laboratory refrigerators & ovens is forecast to reach US$985 million by the year 2015. Increased awareness about energy savings is driving the need for new, energy-efficient laboratory refrigerators. Other key factor propelling market growth includes growing demand for advanced and sophisticated systems from evolving clinical and cryo-biological applications.

Laboratory Refrigerators and Ovens: A Global Strategic Business Report

Refrigeration has long been a significant part of myriad clinical and biological research applications. Refrigerators and freezers constitute the most widely used appliance in laboratories, and are available in a range of sizes, shapes, and temperature ranges. Refrigerators find increasing use in laboratories handling blood, blood products, DNA, enzymes, and tissue samples. Increased awareness about energy savings is increasing the demand for energy efficient laboratory refrigerators. Developing energy efficient units could result in lifecycle energy cost savings of an estimated $1500 and $2500 for laboratory refrigerators and freezers, respectively. With no set standards for laboratory refrigerators and freezers currently in place, several companies are working with U.S. Environmental Protection Agency to establish a set of Energy Star industry standards.

The US constitutes the largest regional market for laboratory refrigerators and ovens, as stated by the new market research report on Laboratory Refrigerators and Ovens. Nevertheless, growth is expected to mainly emanate from Asia-Pacific, which is forecast to grow at a CAGR of more than 3.0% over the analysis period. Laboratory refrigerators represents the largest segment of the global market. Key trend in refrigeration is the cold storage of vaccines, specifically H1N1 vaccines that requires storage within a temperature range of 35ºF to 46ºF. Within refrigerators, general-purpose laboratory refrigerators represent a major sub-segment, while Sub-zero refrigerators is the fastest growing segment. The Laboratory freezers market is, however, dominated by the general-purpose lab freezers, accounting for more than 55% of the global market. General-purpose laboratory ovens also dominate the laboratory ovens market, accounting for a major share of the overall market.

Cryogenic products represent a critical solution for preserving samples at ultra low temperatures. The cryogenics industry offers mechanical ultra-low temperature freezers, dewars and storage containers in different shapes, sizes, and configuration. Ultra-Low Freezers are capable of bringing down temperatures from –18 degree centigrade to an ultra-low –86 degrees centigrade and are the most preferred ones in biomedical laboratories. These units are competing with liquid nitrogen storage units (the conventional cryopreservers) that are used in storing bone marrow, human embryos, and sperms.

Major players profiled in the report include Carbolite Ltd., Chart Industries Inc., Labcold Ltd., Marvel Scientific, New Brunswick Scientific Co Inc., NuAire Inc., Sanyo Electric Biomedical Co Ltd., SPX Corp., Taylor-Wharton, Thermo Fisher Scientific Inc., Thermogenesis Corp., Wisconsin Oven Corp., among others.

The report titled “Laboratory Refrigerators and Ovens: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the Laboratory Refrigerators and Ovens market, current trends, growth drivers, new product introductions, recent industry activity, and focus on major and niche global market players. The study analyzes market data and analytics in terms of value sales for the global market by the following regions - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key product segments analyzed include Laboratory Refrigerators (General Purpose Lab Refrigerator, Explosion Proof Refrigerator, Portable Refrigerator, Sub-Zero Refrigerator and Walk-In Refrigerator), Laboratory Freezers (General Purpose Lab Freezer, Explosion Proof Freezer and Ultra Low Temperature Freezer), and Laboratory Ovens (General Purpose Lab Ovens and Vacuum Ovens).

For more details about this comprehensive market 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 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
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