The global Ultra-low Temperature Freezer market value by type is expected to grow at 2.7% CAGR. The upright type accounted the largest market value in 2015. It generated USD 511.9 million in 2015 and is expected to reach USD 638.2 million by 2022.
Ultra-low temperature freezers (ULT freezers) are the type of bio-freezers that utilized for the preservation of viruses, bacteria, drugs, enzymes, chemicals, cell preparations and tissue samples among others. They generally have a temperature range of – 45C to – 86C. Market has been evaluated as growing market and expected that the market will touch high growth figures. There are major two designs for ultra-low temperature freezers with both having different sizes relying upon how much storage is required and accessible impression space. On the basis of type, the market is segmented into; upright ULT freezer and chest ULT freezer. Furthermore, the manufacturers are keen in developing the existing ULT freezers. The companies like Thermo Fishers and Panasonic Healthcare have developed more energy efficient ultra-low temperature freezers that could save more than 20% of the energy consumed by the ULT freezers. With these developments the market for ULT freezers is expected grow increase exponentially.
An upright split door, ultra-low temperature freezer which incorporates a single chamber cooled by a frosty wall refrigeration system and available by isolated upper and lower doors. The refrigeration system keeps up the chamber at a considerably steady, ultra-low temperature, for example, a range of about – 40° C. to – 85° C. Most of the users of ULT freezers prefer upright ULT freezer this is mainly because of its flexibility. An upright ULT freezer consists of various features that include easy to use, more adjustable interior compartments, and quick cooling subsequent after opening the door. A chest ULT freezer gives a safe long-term storage for lesser utilized items. Likewise the chest ULT freezers have different features than upright freezers, such as; long term storage, easy maintenance and reducing sample exposure to outside conditions. Whereas the chest ULT freezers only provide preservation for items that are stored for much longer time.
By region North America holds the largest market share of global chest ULT freezer market and is expected to reach $105.08 million by 2022 from $87.9 million in 2015. Asia Pacific & Europe market are expected to grow at a fastest CAGR from 2016 to 2022 for the chest ULT freezers.
The Global Ultra-low temperature freezer market by type statistical report published by Market Research future contains a brief overview of Global Ultra-low temperature freezer market by type. Upright type commands the largest share and is expected to grow continuously during the forecasted period of 2013-2021. The report analyzed the Global Ultra-low temperature freezer market by type and presents systematic data of market share its growth rate for 2015 along with forecast till 2021.
Market Research future through this report aims to provide understanding of the Global Ultra-low temperature freezer market by type and also assists identification of ongoing trends along with anticipated growth during the forecasted period. For this report, extensive primary research was conducted to gain a deeper insight of the market performance. Various industry experts and Key Opinion Leaders (KOLs) were contacted and interviewed to get an idea of Global Ultra-low temperature freezer market.
List of Tables
TABLE 1 GLOBAL ULTRA LOW TEMPERATURE FREEZER MARKET VALUE, BY TYPE, 2011-2021
TABLE 2 GLOBAL UPRIGHT ULTRA-LOW TEMPERATURE FREEZER MARKET, BY REGION, 2013-2022
TABLE 3 GLOBAL CHEST ULTRA-LOW TEMPERATURE FREEZER MARKET, BY REGION, 2013-2022
List of Figures
FIGURE 1 GLOBAL ULTRA LOW TEMPERATURE FREEZER MARKET VALUE, BY TYPE, 2015 & 2021
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