Press Release

Global Cryogenic Freezers Market is Expected to exhibit a CAGR of 5.38% between 2017 and 2023

Date : Dec 10, 2018

New report published by Global QYResearch which offers insights on the Global Cryogenic Freezers Market. The Cryogenic Freezers market has been experiencing stable growth graph in past few years. In 2017 the Global Cryogenic Freezers market was valued at US$ 1,331 Mn and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 1,823 Mn growing at a value CAGR of 5.38% throughout the period of forecast.

Global Cryogenic Freezers Market: Market Driver and Restraint

Threat of substitution is one factor of the porter’s five forces. As the development of Cryogenic Freezers made by new techniques, the function of there are specific, safe and also all-round. The traditional single functioned products are slowly losing their market. High precision and easy to use will be Cryogenic Freezers industry development direction. If manufacturers can truly consider the diversity and design of new technology, we believe that the Cryogenic Freezers manufacturers will get a big market share in the device.

Global Cryogenic Freezers Market: Forecast by Nature

This segment includes -40~-80℃, -80~-120℃ and -120℃~. -40~-80℃ is expected to remain dominant in the Global Cryogenic Freezers market throughout the forecast period with a revenue share of 51.02% in 2017.

Global Cryogenic Freezers Market: Forecast by Application

Application segment consists of Corporate laboratories, Hospitals and blood center, Universities and research institutions and Others. Universities and research institutions was estimated to account for a volume share of over 41% in 2017 and to increase at a CAGR of 4.94% over the forecast period.

Global Cryogenic Freezers Market: Key Players

Thermo, Sanyo(Panasonic), Eppendorf, So-Low, Nuaire, IlShin, Binder, Froilabo, Arctiko, Daihan, GFL, Esco Global, VWR, Azbil Telstar , Operon, Haier, Zhongke Meiling, MetInfo, Aucma, Coolingway and Xinyu, are the key vendors included in this report.

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