Menu ×


Industrial / Commercial Ultra Low Temperature Freezer Market : Global Demand, Growth Analysis & Opportunity Outlook 2023

  • Report ID: 196
  • Text Size:

Extensive insights into the Growth of Industrial / Commercial Ultra Low Temperature Freezer Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

Global Ultra-Low Temperature Freezer Market Overview

Ultra-low temperature freezers provide essential parameters for the storage of bulk reagents; delicate tissue samples, drugs, enzymes, chemicals, viruses, bacteria, cell preparations, and others. Ultra-low freezers find wide variety of application in biotech as well as biological storage. The product is also used in research universities, medical centers, hospitals, blood banks and forensic labs for storage of biological component. In the latter instances they may be used for long-term evidence storage. Besides this, manufacturing firms and testing units are also using the freezer to determine the ability and durability of the product under severe low temperature. New technological advanced products are featured with front-mounted eye-level control system which displays real time clock, event logging, alarm history, advanced alarms, alarm test and memory functions and others.

                                  Ultra Low Temperature Freezer Market Demand & Revenue Opportunity

Market Size & Forecast

Ultra-low temperature freezer market is projected to grow exponentially during the forecast period, witnessing a compound annual growth rate (CAGR) of 4.1% over the period 2016-2023.By product type segment, chest ultra-freezer market is expected to observe a robust growth over the forecast period. The reason behind the expansion of market is attributed towards the increasing investment of government for technological advancement in health sector all over the world.

Geographically, North America is anticipated to hold the largest share in the market till 2024 due to highly developed healthcare infrastructures, presence of world’s leading biomedical companies and the huge investment in the research and development for healthcare facilities. Further, on the back of positive growth of global healthcare industry, ultra-low temperature freezers market is anticipated to be the most growing market in the near future.CLICK TO DOWNLOAD FREE SAMPLE REPORT

Demand Analysis Based on Market Segmentation

By Product Type

On the basis of shape of the product, ultra freezers can be segmented in to following categories:-

  • Chest Ultra Freezers
  • Table-Top Ultra Freezers
  • Under-Bench Ultra Freezers

By Capacity

There are several designs for ultra-low temperature freezers with varying sizes depending on space need for storage. On the basis of storage capacity, the ultra-low temperature freezer is segmented into following categories:-

  • Personal-Sized
  • Large-Capacity

By Temperature Range

Depending upon the application, ultra-low temperature freezers are available with following temperature range:-

  • -10oC to -40oC
  • -40oC to -86oC
  • -86oC  to -135oC
  • -135oC  to -165oC

By Region

Ultra Low Temperature Market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

Rapid increase in the demand for blood and blood components due to increasing blood disorder diseases, increasing global demand for personalised drug, new government regulation towards better healthcare facilities, growing research and development expenditure of government on clinical trial, huge investment of pharmaceuticals companies on product development are some of the major factors driving the growth of ultra-low temperature freezer market across the globe.

The introduction and adoption of technologically advanced products such as radio frequency identity RFID-enabled equipment, multiple compressor equipment  are likely to combat the problems related to breakdown of ultra-low temperature freezer such as compressor breakdown and will further fuel the market over the forecast period. Wide scope of application in biological as well pharmaceutical sector, increasing demand for advanced medical facilities and rising incidence of disease are anticipated to intensify the growth of ultra-low temperature freezer market over the forecast period.

Besides this, high cost of the product and high maintenance cost are the major factor restraining the growth of the market.

Key Players

  • Thermo Fisher Scientific Inc. (U.S.),
  •  Haier Biomedical (China),
  •  Eppendorf AG (Germany),
  •  Helmer Scientific (U.S.),
  •  VWR Corporation (U.S.),
  •  ARCTIKO A/S (Europe)
  • Biomedical Solutions Inc.(U.S.)
  •  EVERmed S.R.L. (Italy)
  • Philipp Kirsch GmbH (Germany)
  • Panasonic Healthcare Co., Ltd. (Japan).

Scope and Context

Overview of the Parent Market

Analyst View


  • By Product Type Market Size & Y-O-Y Growth Analysis
  • By Capacity Market Size & Y-O-Y Growth Analysis
  • By Temperature Range Market Size & Y-O-Y Growth Analysis

By Regions

Global Ultra-Low Temperature market has been studied on countries and regions like:

  • North America (U.S., Canada) Market Size & Y-O-Y Growth Analysis
  • Latin America (Mexico, Brazil, Rest of Latin America) Market Size & Y-O-Y Growth Analysis
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size & Y-O-Y Growth Analysis
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia) Market Size & Y-O-Y Growth Analysis
  • Middle East and North Africa (MENA) Market Size & Y-O-Y Growth Analysis
  • Rest of World  Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment           

Related Reports

Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2021 Research Nester. All Rights Reserved