Laboratory Temperature Control Units Market - By Product (Laboratory Temperature Controllers, Laboratory Thermostats, Laboratory Chillers, Laboratory Circulators), By Modality (Standalone/Benchtop, Portable/Handheld), By End-use & Forecast, 2021-2027

Laboratory Temperature Control Units Market Size

Laboratory Temperature Control Units Market size exceeded USD 514 million in 2020 and is expected to grow at 6% CAGR from 2021 to 2027.
 

Rising necessity and demand for temperature control units in numerous industries including pharma and biotech, chemical, and food processing among others will boost the market growth. Besides this, increasing R&D expenditure, and technological advancement by several market contributors in temperature control unit industry will propel the market expansion during the forecast timeline.
 

The impact of COVID-19 on laboratory temperature control units market is observed to be substantial. According to a survey conducted by science advisory board in association with bioinformatics company COVID-19 lab tracker, many academic and pharma/biotech labs were shut down due to the growing concerns about the COVID-19 outbreak. Owing to these actions, the work of scientists was heavily affected in terms of loss of experiments and wastage of funding.
 

Laboratory temperature control units are the equipment used to regulate the temperature conditions during laboratory experiments. Laboratory temperature control units involve a variety of devices that regulate the temperature by either providing heat or removing the heat from the object.
 

Laboratory Temperature Control Units Market Analysis

Technological improvements in developing the laboratory systems will have a significant impression on the laboratory temperature control units market evolution. Progression in health sciences have allowed innumerable healthcare professionals as well as scientists to introduce innovative ways for monitoring the overall temperature range throughout several practices. Medical technologies including high-quality temperature controllers and other systems for research practice are further enabling laboratory practitioners to reduce overall time of the processes, thus favouring the industry growth.
 

Assimilation of laboratory system technology includes programmed temperature monitoring during the complete process. In addition, use of advanced laboratory temperature control units minimizes the need for human intervention during experiments. Moreover, in-house research and development activities have also created growth opportunities for laboratory temperature control units, thus accelerating the overall industry expansion.
 

The laboratory chillers segment in the laboratory temperature control units market is projected to witness a 6% growth rate through 2027. The chillers used in laboratories are water-cooled or air-cooled. Chillers used in laboratory and medical research institutions have wide applications in blood cooling systems, radiation therapy machines as well as sample preservation among others that raises the market demand for chillers. Furthermore, the laboratory chillers can be customized based on specific requirement, and this operational flexibility helps in boosting the overall market value.
 

The standalone/benchtop segment was valued at more than USD 380 million in 2020. Availability of variety of standalone/benchtop temperature control units and its surging demand will augment the industry progression. Similarly, numerous businesses are continuously using different temperature control units to maintain the exact temperature for procedures to work efficiently that will prove beneficial for the segment growth.

The pharma & biotech industry captured around 36% of laboratory temperature control units market share in 2020 led by increasing necessity for laboratory temperature control units in pharma as well as biotech business. The pharma and biotechnology business extensively need medical-grade temperature control units to check the integrity of delicate samples and further other specimens. Also, in order to produce accurate test results in the research experiments, the samples must be stored at a specific temperature range to avoid any further alteration.
 

North America laboratory temperature control units market will exhibit over 6% CAGR through 2027. Better healthcare expenditure along with rising investment in research and developmental activities to introduce innovative laboratory products will further strengthen the industry revenue. Moreover, the presence of sophisticated healthcare facilities in hospitals along with rising government support for the development of innovative laboratory products is likely to help the market gain a significant momentum. Similarly, presence of large number of manufacturers in the North America region will further drive the industry value.
 

Laboratory Temperature Control Units Market Share

Some of the prominent leaders operating in the laboratory temperature control units market include

• Bio-Rad Laboratories
• Delta T Systems
• Eurodifroid
• FRYKA-Kältetechnik
• IKA
• JULABO
• LAUDA
• Peter Huber Kältemaschinenbau
• PolyScience
• Thermo Fisher Scientific

These industry participants are implementing numerous growth strategies to sustain market competition in market.
 

Some of the recent industry developments:

• In April 2021, Delta T Systems launched Combination Process Heater and Chiller Systems that feature single and dual zone temperature control heater. This system is fully configurable, easy to use and compact that can log data to estimate future concerns and offer continued operation at stable speed. This launch will help the company to strengthen its temperature control product portfolio.
   
• In March 2021, IKA announced that it is launching a new device under its recirculating chillers portfolio, the RC 2 lite. This device is compact, powerful and extremely economical. This launch will strengthen the product portfolio of IKA.
   

The laboratory temperature control units market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:

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Market, By Product, 2016-2027 (USD Million)

• Laboratory temperature controllers
• Laboratory thermostats
• Laboratory chillers
• Laboratory circulators
• Others

Market, By Modality, 2016-2027 (USD Million)

• Standalone/benchtop
• Portable/handheld

Market, By End-use, 2016-2027 (USD Million)

• Hospitals
• Pharma & biotech industry
• Chemical industry
• Food & beverage industry
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia