Strong R&D Investments in Life Sciences Drives the Global Laboratory Refrigerators and Ovens Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Laboratory Refrigerators and Ovens markets. Global market for Laboratory Refrigerators and Ovens is projected to reach US$1.3 billion by 2020, buoyed by rising R&D spending in the life sciences sector, evolving clinical and cryo-biological applications, and effervescent technology and product innovation.

Laboratory Refrigerators and Ovens: A Global Strategic Business Report

Follow us on LinkedIn – Refrigerators are a critical equipment for research in clinical biology. Refrigeration and freezing equipment are mainly used in laboratories that handle tissue samples, enzymes, DNA, blood products and blood. The laboratory refrigerators and ovens market is expected to register robust growth driven by increased R&D spending in life science research, rising demand from food testing laboratories, expanding applications of ovens, and launch of innovative refrigerators and ovens. The rapidly growing blood banking market is also expected to further strengthen growth in the market. The market, over the years, witnessed several innovations such as thermoacoustic refrigeration, phase-change gels, magnetic cooling, and Stirling engine and ejector-expansion refrigeration. Continuous technology improvements are resulting in the development of higher quality products with lower energy consumption, and higher performance efficiency. Hydrocarbon freezers are witnessing increased adoption supported by benefits such as energy efficiency, reliability, and the ability to achieve temperature in the range of -40°C to -86°C.

Laboratory ovens, which are primarily used for heating samples gently, preparing or curing composites and materials, regenerating catalysts and desiccants, and drying heat-resistant equipment and glassware, are currently being used in a number of new applications. Chemists, for instance, have started using laboratory ovens to dry thin film batteries and remove solvents. Further, food laboratories are utilizing laboratory ovens for desiccating samples and determining their moisture content. Manufacturers will continue to focus on developing effective and safe alternative refrigerants such as Carbon Dioxide. Alternative refrigerants are poised to spearhead future innovations in the market.

As stated by the new market research report on Laboratory Refrigerators and Ovens, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a projected compounded annual growth rate of 8.2% over the analysis period. Rising standard of living and improving healthcare access in emerging countries such as China and India represent factors driving growth in the region. Laboratory Refrigerators represents the largest and the fastest growing market led by the dominance of general purpose laboratory refrigerators.

Major players covered in the report include Azbil Telstar, S.L., Carbolite Ltd., Chart Industries Inc., Eppendorf North America Inc., Helmer Scientific, Labcold Ltd., Marvel Scientific, NuAire Inc., Panasonic Healthcare Holdings Co. Ltd., Taylor-Wharton International LLC and Thermo Fisher Scientific Inc.

The research report titled "Laboratory Refrigerators and Ovens: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America and Rest of World. The global and regional markets for Laboratory Refrigerators and Ovens are analyzed, in value terms, by product segments such as, 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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
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Raghu Gopal
Global Industry Analysts Inc
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