Ultra-Low Temperature Freezers

Ultra-Low Temperature Freezers

Global Ultra-Low Temperature (ULT) Freezers Market to Reach $627.6 Million by 2027

In the changed post COVID-19 business landscape, the global market for Ultra-Low Temperature (ULT) Freezers estimated at US$494.8 Million in the year 2020, is projected to reach a revised size of US$627.6 Million by 2027, growing at a CAGR of 3.5% over the analysis period 2020-2027. Upright, one of the segments analyzed in the report, is projected to record a 3.5% CAGR and reach US$553 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Chest segment is readjusted to a revised 3.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $135.7 Million, While China is Forecast to Grow at 5.8% CAGR

The Ultra-Low Temperature (ULT) Freezers market in the U.S. is estimated at US$135.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$120.5 Million by the year 2027 trailing a CAGR of 5.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$79.6 Million by the year 2027.

Other Types Segment to Record 2.4% CAGR

In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 2.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$15.1 Million in the year 2020 will reach a projected size of US$17.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 2.5% CAGR through the analysis period.

Select Competitors (Total 41 Featured) -

• Azbil Telstar SL
• Eppendorf AG
• Glen Dimplex Group
• Haier Biomedical
• Helmer Scientific
• Labcold Ltd.
• Macro Scientific Works Pvt. Ltd.
• Thermo Fisher Scientific, Inc.
• VWR International LLC

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