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Base Year: 2024
Companies covered: 10
Tables & Figures: 296
Countries covered: 18
Pages: 135
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Laboratory Temperature Control Units Market
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Laboratory Temperature Control Units Market Size
The global laboratory temperature control units market was estimated at USD 663.1 million in 2024. The market is expected to grow from USD 698.1 million in 2025 to USD 1.1 billion in 2034, growing at a CAGR of 5.6% during the forecast period. The growth of the market is highly attributed to various factors such as an increasing demand for temperature control devices across various industries, technological advancements in temperature control devices, and rising R&D expenditure across the globe.
Laboratory temperature control units are the equipment used to regulate the temperature conditions during various laboratory procedures. Major players in the industry include Thermo Fisher Scientific, Bio-Rad Laboratories, JULABO, LAUDA DR R WOBSER, and IKA. Typically, these units play a major role in the pharma and biotechnological industry, chemical industry, as well as in the food and beverages industry, wherein the maintenance of constant and consistent temperature directly impacts the reproducibility and accuracy of the resultant products of these respective industries.
The market has grown from USD 574 million in 2021 to USD 630.3 million in 2023, registering a CAGR of 5.6% during this period. This growth was primarily stimulated by the pharmaceutical and biotechnological industries, which experienced a surge in the development and regulatory approval of various biologics and vaccines, which is estimated to reach USD 145.8 billion in 2034, during this period. Biologics and vaccines, due to their complex and temperature-sensitive properties, require optimal temperature conditions throughout the R&D and manufacturing process.
For instance, as per the data from the Center for Biologics Evaluation and Research (CBER), around 22 new biologics license application for approvals were added in 2023, which was almost double of those registered in the years 2021 and 2022. Additionally, according to the European Journal of Medicinal Chemistry, in 2023, around 17 biologics license applications were approved by the FDA. Therefore, with the surge of biologics license registration and increased regulatory approval of biologics during this period, the demand for the advanced temperature control units grew. Further, an increased investment of the pharmaceutical industry in advanced temperature control units to maintain the stability, reproducibility, and efficacy of the vaccine and biologics, facilitated the market to grow during this period.
R&D investments worldwide is a significant factor accelerating the growth of the laboratory temperature control units market. This growth is largely attributed to the increasing demand for precise temperature control devices that enable researchers to work effectively in the pharmaceutical, biotechnology, and materials science industries. According to the UNESCO, global R&D spending reached USD 1.7 trillion in 2022, with approximately 10 countries making up 80% of this spending. The pharmaceutical and biotechnology sectors remain the major contributors to global R&D spending. Moreover, in the U.S., the National Center for Science and Engineering Statistics (NCSES) reported that academic institutions spent USD 97.8 billion on R&D in 2022, marking an increase of USD 8 billion from 2021. Therefore, as research activities and related investments increase, so does the demand for advanced laboratory equipment, coupled with temperature control units, positively fueling the market's growth.
Additionally, companies in the industry are working to develop improved features in temperature control units by enhancing accuracy levels, reducing response time, offering wider temperature ranges, and incorporating better connectivity options. In February 2024, LAUDA introduced its new Ultratemp process thermostats product line, specifically designed for the use in biotechnology, biopharmaceutical, and industrial applications. Thus, such technological advancements are anticipated to increase product adoption among companies and foster market growth in a forward direction.
Laboratory temperature control units are the equipment used to regulate the temperature conditions during various laboratory procedures. These control units encompass a variety of devices which help to regulate the temperature, either by providing or removing heat from the object.
Laboratory Temperature Control Units Market Trends
Laboratory Temperature Control Units Market Analysis
The global market was valued at USD 574 million in 2021. The market size reached USD 630.3 million in 2023, from USD 599.8 million in 2022.
Based on the product, the market is segmented into laboratory temperature controllers, laboratory thermostats, laboratory chillers, laboratory circulators, and other products. The laboratory thermostats segment accounted for 28.1% of the market in 2024 due to their versatility, affordability, and widespread applicability. The segment is expected to reach USD 318 million by 2034, growing at a CAGR of 5.5% during the forecast period. On the other hand, the laboratory circulators segment is expected to grow with a CAGR of 6.1%. This growth of the segment is largely attributed due to the technological improvements and increased demand for temperature uniformity in advanced laboratory setups.
Based on the modality, the laboratory temperature control units market is segmented into standalone/benchtop and portable/handheld. The standalone/benchtop segment accounted for the highest market share of 77.7% in 2024.
Based on the end use, the laboratory temperature control units market is segmented into hospitals, pharma and biotech industry, chemical industry, food and beverage industry, and other end users. The pharma and biotech industry segment accounted for the highest market share of 33.5% in 2024, owing to the surging demand for vaccines, biologics, and personalized medicines to address the rising prevalence of various chronic disease conditions, which strengthened the demand for high-performance laboratory equipment such as temperature control units.
North America dominated the global laboratory temperature control units market, with the highest market share of 32.2% in 2024.
Europe laboratory temperature control units market accounted for USD 192.6 million in 2024.
The laboratory temperature control units market in Germany is expected to experience significant and promising growth from 2025 to 2034.
The Asia Pacific laboratory temperature control units market is anticipated to grow at the highest CAGR of 6% during the analysis timeframe.
Japan laboratory temperature control units market is anticipated to witness lucrative growth between 2025–2034.
Brazil is experiencing significant growth in the Latin America laboratory temperature control units market.
The laboratory temperature control units market in Saudi Arabia is expected to experience significant and promising growth from 2025 to 2034.
Laboratory Temperature Control Units Market Share
Laboratory Temperature Control Units Market Companies
Few of the prominent players operating in the laboratory temperature control units industry include:
IKA’s robust product portfolio combined with cutting-edge technologies is its primary USP in the market. For instance, in March 2021, IKA announced the launch of a new device under its recirculating chillers portfolio, the RC 2 lite. This device is compact, powerful, and extremely economical. This launch strengthened the product portfolio of IKA.
Thermo Fisher Scientific maintains significant research and development activities, with investments of approximately USD 1,390 million in 2024. This investment enables the company to develop advanced laboratory temperature control units.
Bio-Rad has a growing presence in the Asia Pacific (APAC) region, which is one of the key USPs of the company. By expanding its presence in the APAC, the company is set to tap emerging countries such as India, where healthcare investment is at a higher pace and will positively benefit the growth of the company and the market.
Laboratory Temperature Control Units Industry News:
The laboratory temperature control units market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million and from 2021 – 2034 for the following segments:
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Market, By Product
Market, By Modality
Market, By End Use
The above information is provided for the following regions and countries: