Laboratory Temperature Control Units Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
The global laboratory temperature control units market is projected to observe tremendous expansion over the coming years due to increasing product demand across a number of major industries such as chemical, F&B, plastics, packaging, and hospitals among others. A laboratory temperature control unit. More commonly referred to as temperature controller, is generally used to preheat any particular industrial process and also maintain the desired temperature. Today, with the growing coronavirus cases, medical researchers and scientists across the globe are tirelessly working to discover an effective cure and formulate novel vaccines, medicines, and therapeutic courses. Precise and consistent temperature control is regarded as a highly-critical parameter across almost all domains of medical research.
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In terms of modality, the market is categorized into handheld/portable, and benchtop/standalone segments. Back in 2019, the portable/handheld segment held a major market share of 25% with projections anticipating it to register lucrative growth over the coming years. The key features of portable equipment such as easily handleability as well as transferability are projected to majorly propel their demand in the coming years.
In the packaging industry, machines that are equipped with shrink wrap tunnels or label applications, glue applicators, hot melt functions, and seal bars are expected to be able to operate at the desired process time lengths and temperature in order to get optimal results. The temperature controllers regulate such operations accurately to help ensure the best product output. These crucial benefits offered by the temperature control units are likely to foster their deployment in the packaging industry.
With reference to end-use, the laboratory temperature control units market is bifurcated into the chemical industry, food and beverage industry, hospitals, pharma and biotech industry, and others. Of these, the food and beverage industry is projected to expand at a healthy CAGR of about 5.5% through the analysis period. Temperature controllers observe immense application scope in food processing, spanning avenues such as cooking and baking ovens, blending, brewing, and sterilization. These devices maintain the process time and temperature during food processing operations in order to ensure the best performance and food and beverage quality.
Key industry players are focusing on acquisitions and take overs to expand their footprint in the market. Likewise, companies are also focusing on expanding their facilities across different locations to grow their customer portfolios. Citing an instance, in December 2019, leading temperature precision control machine provider, Peter Huber Kältemaschinenbau AG reportedly announced that it has kicked off the construction for one more expansion of its headquarters in Offenburg-Elgersweier through a ceremony. The new facility is projected to be complete by spring of 2021.
The competitive landscape of the laboratory temperature control units market is inclusive of players such as Thermo Fisher Scientific, PolyScience, Peter Huber Kältemaschinenbau, LAUDA DR. R. WOBSER, JULABO, FRYKA-Kältetechnik, Delta Electronics, Eurodifroid, IKA, and Bio-Rad Laboratories among others.
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Partial Chapter of the Table of Content
Chapter 5. Laboratory Temperature Control Units Market, By Modality
5.1. Key segment trends
5.2.1. Market size, by region, 2015 – 2026 (USD Million)
5.3.1. Market size, by region, 2015 – 2026 (USD Million)
Chapter 6. Laboratory Temperature Control Units Market, By End-use
6.1. Key segment trends
6.2.1. Market size, by region, 2015 – 2026 (USD Million)
6.3. Pharma & biotech industry
6.3.1. Market size, by region, 2015 – 2026 (USD Million)
6.4. Chemical industry
6.4.1. Market size, by region, 2015 – 2026 (USD Million)
6.5. Food & beverage industry
6.5.1. Market size, by region, 2015 – 2026 (USD Million)
6.6.1. Market size, by region, 2015 – 2026 (USD Million)