Refrigerated Incubators Market is expected to reach US$ 822.79 Million by 2028

PRESS RELEASE BY The Insight Partners 07 Apr 2022

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Refrigerated Incubators Market for 51–200L Segment to Grow Significantly During 2021–2028

According to our latest research study on “Refrigerated Incubators Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application,” the market is expected to grow from US$ 562.36 million in 2021 to US$ 822.79 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028. The report highlights trends prevailing in the market and factors driving the market growth. The rising adoption of refrigerated incubators for research activities targeting infectious diseases and the increasing technological advancements in refrigerated incubators are propelling the global refrigerated incubators market growth. However, the availability of alternative incubators in the global market hampers the market growth.

Refrigerated incubators are used to provide a constant cold temperature environment to promote or prevent the growth of cells, tissue cultures, and other biological samples. The incubators are ideal for various applications, such as BOD determinations, plant and insect studies, fermentation studies, bacterial cultures, water pollution testing, and enzyme digestion studies. They feature a heavy-duty cooling system to optimize airflow and temperature uniformity, programmable controls with audible and visual alarms, well-insulated cabinet, and precise temperature control and uniformity. The refrigerated incubator works with a unique circulating air technology that ensures a stable, constant climate in the interior. The compressor enables temperature from –5 to 100°C to maintain the optimum incubation for the proliferation of microorganisms, an occasional cooling cycle or hot air disinfection cycle is also possible.

In medical & food research, working with microorganisms plays a vital role. Moreover, efficiently producing and multiplying microorganisms requires a stable incubation phase. The advent of technology has established a drastic shift toward the usage of advanced technology-based equipment focusing on energy-efficient consumption compared to traditional cooling incubators. Also, several top players, such as Thermo Fischer Scientific and BINDER, launched innovative refrigerated incubators in the market. For example, BINDER's refrigerated incubators product uses a compression-refrigeration unit, ensuring a constant temperature. These refrigerated incubators work with a special conventional technology ensuring a stable, constant climate inside the incubator chamber. Additionally, Thermo Fischer Scientific's "Heratherm" refrigerated incubator product operates on a specific technology, namely, Peltier technology, that saves energy. By introducing such advanced technologies and support of efficient features, the Heratherm refrigerated incubators utilize less than 84% energy compared to traditional compressor-based models. Such specialized refrigerated incubators keep this microbiology, cell biology, and plant biology samples at the ideal temperature to promote or stop growth. Therefore, the rise in research and development activities by top market players for introducing cost-effective and sophisticated refrigerated incubators resulted in high acceptance and adoption of refrigerated incubators, which drives the overall global refrigerated incubators market growth.

Based on type, the global refrigerated incubators market is segmented into below 50L, 51–200L, 201–750L, 751–1500L, and above 1501L. The 51–200L segment led the market in 2021 with a share of 41.47%; it is expected to retain its dominance during the forecast period, accounting for 43.53% of the total market by 2028. The market growth for this segment is attributed to the increasing use of such refrigerated incubators in hospitals & research laboratories and the rising demand for technologically advanced products in developed and developing economies. In addition, these incubators reduces daily manual tasks and repetitive operations on the instruments through real-time control. It saves operating costs, ensures sample quality, and makes work in the microbiological laboratory significantly efficient, which bolsters the global refrigerated incubators market growth.

Binder GmbH; Thermo Fisher Scientific Inc.; PHC Holdings Corporation; Eppendorf AG; Amerex Instruments, Inc.; Sheldon Manufacturing, Inc.; LEEC Ltd.; Memmert Gmbh + Co. Kg; Benchmark Scientific; and Gilson Inc. are among the leading companies operating in the global refrigerated incubators market.

Refrigerated incubators Market, by Region, 2021 (%)
Refrigerated incubators Market, by Region, 2021 (%)

Refrigerated Incubators Market Global Analysis by 2021, 2028

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Refrigerated Incubators Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Below 50L, 51-200L, 201-750L, 751-1500L, and Above 1501L) and Application (Hospitals, Research and Diagnostic Laboratories; Pharmaceutical, Cosmeceutical, and Biotechnology Companies; Research & Academic Institutes; and Others)

The Report Segments Refrigerated Incubators Market as Follows:

The global refrigerated incubators market is bifurcated on the basis of type and application. Based on type, the market is segmented into below 50L, 51–200L, 201–750L, 751–1500L, and above 1501L. Based on application, the global refrigerated incubators market is segmented into hospitals, research & diagnostic laboratories; pharmaceutical, cosmeceutical, and biotechnology companies; research & academic institutes; and others.

By geography, the global refrigerated incubators market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of MEA), and South & Central America (Brazil, Argentina, and the Rest of SCAM).

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