The Laboratory Refrigerators And Ovens Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Laboratory Refrigerators And Ovens Market?
The market size for laboratory refrigerators and ovens has seen a notable increase in recent times. In the span from 2024 to 2025, the market is expected to rise from $1.52 billion to $1.6 billion, marking a compound annual growth rate (CAGR) of 5.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Laboratory Refrigerators And Ovens Industry?
The Laboratory Refrigerators And Ovens market is expected to reach $2.1 billion in size by 2029, growing at a compound annual growth rate (CAGR) of 7.0%.
Download Your Free Sample of the 2025 Laboratory Refrigerators And Ovens Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Laboratory Refrigerators And Ovens Market?
The key drivers in the laboratory refrigerators and ovens market are:
• Growth in precision medicine and personalized healthcare
• Increased need due to climate change research
• Growing requirement for COVID-19 research and vaccine storage
• Focus on energy efficiency, sustainability, and advances in cooling technology in laboratory equipment
Global Market Segmentation: Identifying Major Laboratory Refrigerators And Ovens Industry Segments
The laboratory refrigerators and ovens market covered in this report is segmented –
1) By Laboratory Refrigerators: General Purpose Lab Refrigerator, Explosion Proof Refrigerator, Portable Refrigerator, Sub-Zero Refrigerator, Walk-In Refrigerator
2) By Laboratory Ovens: General Purpose Lab Ovens, Vacuum Ovens
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Stores
Pre-order the 2025 Laboratory Refrigerators And Ovens Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Laboratory Refrigerators And Ovens Market?
The key trends in the laboratory refrigerators and ovens market are:
• Energy efficiency and sustainability are becoming key trends in this market.
• The use of smart and connected laboratory equipment is on the rise.
• There is a growing need for temperature uniformity and precision control in laboratory devices.
• Customization and specialized applications are increasingly influencing the market, along with innovations in cooling technologies.
Who Are the Top Competitors & Leading Players in the Laboratory Refrigerators And Ovens Market?
Major companies in the laboratory refrigerators and ovens market are:
• Haier Biomedical
• Cole-Parmer Instrument Company
• Eppendorf AG
• Helmer Scientific
• Chart Industries Inc.
• Labcold Ltd.
• NuAire Inc.
• Marvel Refrigeration
• Philipp Kirsch GmbH
• Sheldon Manufacturing Inc.
• Thermo Fisher Scientific Inc.
• Worthington Industries
• Carbolite GERO Limited
• Azbil Telstar S.L.
• Angelantoni Life Science
• Panasonic Healthcare Holdings Co. Ltd.
• Binder GmbH
• Bionics Scientific Technologies (P) Ltd.
• BMT Medical Technology s.r.o.
• Despatch Industries
• Esco Micro Pte. Ltd.
• FALC Instruments S.r.l.
• Foshan JCT Machinery Co. Ltd.
• Hettich Benelux B.V.
• Labconco Corporation
• Lab Research Products
• PHC Corporation
• VWR International LLC
• Aegis Scientific Inc.
• RUMEDICO GmbH
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the laboratory refrigerators and ovens market in 2024
