Ultra-Low Temperature Freezer Market Size Report | Share & Growth Analysis 2030

Ultra-Low Temperature Freezer Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Chest Freezers and Upright Freezers), Application (Blood and Blood Products, Organ, Pharmaceuticals, Forensic and Genomic Research, and Others), Technology (Semi-Automatic and Automatic), and Geography

  • Report Code : TIPRE00007339
  • Category : Medical Device
  • No. of Pages : 150

Ultra-Low Temperature Freezer Market Size Report | Share & Growth Analysis 2030

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[Research Report] The ultra-low temperature freezer market is expected to grow from US$ 619.89 million in 2022 to US$ 902.08 million by 2030; it is anticipated to register a CAGR of 4.8% from 2022 to 2030.

Market Insights and Analyst View:

The ultra-low temperature freezer market size is expanding with the rising R&D activities to introduce new drug compounds, increasing demand for blood & blood components, and growing government support for research activities and clinical trials. In addition, the availability of advanced products by market players drives the market growth. Thermo Scientific Revco RLE –86°C upright freezers are available in five capacities, storing 300 up to 700 2-inch boxes. These freezers provide outstanding thermal performance, safety, and security.     

Growth Drivers and Challenges:

Biological research specimens need storage at temperatures below –80°C, i.e., at ultralow temperature (ULT) values. The ULT feature is providing an alternative to standard compressor-based cooling technology that keeps getting better as the understanding of it grows. Innovative products offered by Haier Biomedical include smart frequency conversion technology ULT freezers that boast an unparalleled energy consumption figure of just 8.2 Kwhr/day with a unit capacity of 829 L/29.2 ft3. In October 2022, Thermo Fisher Scientific launched a new freezer to its ultra-low temperature (ULT) green portfolio, the Thermo Scientific TDE Series -80°C Chest Freezer. The freezer is powered by H-drive hydrocarbon systems, and it enhances the performances required for vital research without compromising sustainability goals. In June 2023, BioLife Solutions’s Stirling ultracold upright ULT freezer ISO class 6 was approved for cleanroom applications in accordance with relevant Good Manufacturing Practice (GMP), without compromising biostorage performance or the cleanliness of the environment.

ULT sample storage freezers are a crucial component of many biobanks, clinics, and laboratories globally. These units allow for a wide variety of biological samples, including DNA, RNA, proteins, and cell extracts. A constant power supply is required to maintain low-temperature levels. The International Institute for Sustainable Laboratories stated that the average ULT freezer consumes the same amount of energy, 20 kWh per day, as a single-family home. Considering laboratories and research facilities usually running dozens of these units at once, the operating and energy costs can dominate the user preferences. The average price to run an upright, mechanical ULT freezer can vary from US$ 750 (£570) to US$ 1,000 (£750) per year, depending on several factors such as size, and temperature range. Regular maintenance and maintenance in the form of defrosting can reduce this cost considerably. Moreover, the above-mentioned figures about the ULT freezers do not consider the additional cost of HVAC systems and warm air removal. Thus, the high costs associated with ULT freezers become a severe concern for budget-conscious laboratories and storage facilities.

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Ultra-Low Temperature Freezer Market: Strategic Insights

Ultra-Low Temperature Freezer Market
  • CAGR
    CAGR (2022 - 2030)
    4.8%
  • Market Size 2022
    US$ 619.89 Million
  • Market Size 2030
    US$ 902.08 Million

Market Dynamics

GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players

  • Thermo Fisher Scientific Inc
  • Godrej Group
  • Haier Group Corporation
  • Blue Star Limited
  • Helmer Scientific Inc
  • PHC Holdings
  • BioLife Solutions Inc
  • Eppendorf SE
  • Meling Biomedical

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market SegmentType
  • Chest Freezers and Upright Freezers
Market SegmentApplication
  • Blood and Blood Products
  • Organ
  • Pharmaceuticals
  • Forensic and Genomic Research
Market SegmentTechnology
  • Semi-Automatic and Automatic
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Report Segmentation and Scope:

The ultra-low temperature freezer market is segmented on the basis of type, application, technology, and geography. The ultra-low temperature freezer market is segmented on the basis of type, application, technology, and geography. The ultra-low temperature freezer market, by application, is segmented into blood and blood products, organs, pharmaceuticals, forensic and genomic research, and others. The market, by technology, is bifurcated into automatic and semi-automatic.

 Based on geography, the ultra-low temperature freezer market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, Southeast Asia, and Rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).

Segmental Analysis:

The ultra-low temperature freezer market, by type, is bifurcated into chest freezers and upright freezers. In 2022, the upright freezer segment held a larger market share, and the same segment is expected to record a higher CAGR during 2022–2030. The projected market growth for the upright freezer segment is attributed to advantages such as compact design, ease of organization, and availability of various safety features. Moreover, increasing adoption rate due to technological advancements leading to better supervision of operations and ease would augment the ultra-low temperature freezer market growth for the upright segment during the forecast period.

Regional Analysis:

Based on geography, the ultra-low temperature freezer market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. North America is the largest contributor to the global ultra-low temperature freezer market growth. Asia Pacific is expected to register the highest CAGR in the ultra-low temperature freezer market during 2022–2030. The ultra-low temperature freezer market growth in the US is mainly driven by the increasing lung cancer prevalence, product launches, and government initiatives. The increasing demand for biobanks brings transformative potential to the healthcare and economic systems of the US. However, the immediate focus of rapidly developing biobanks in the country is increased by the need for disease understanding, drug discovery, and development. Besides, biobank research provides new insights into the genetic component of human disease, which focuses on developing an automated and more personalized approach to healthcare. Moreover, several market players in the US focus on offering a diversified, cutting-edge portfolio of biobanking products and services designed to accelerate lifesaving discoveries. The increasing number of business activities amongst market players is dynamically contributing to the market growth. In November 2020, hospitals in the US states and cities were struggling to buy ultra-cold freezers that can safely store PFE.N COVID-19 vaccine by Pfizer Inc, ignoring advice from the US Centers for Disease Control and Prevention (CDC) to hold off. 

Ultra-Low Temperature Freezer Market Report Scope

Report Attribute Details
Market size in 2022 US$ 619.89 Million
Market Size by 2030 US$ 902.08 Million
Global CAGR (2022 - 2030) 4.8%
Historical Data 2020-2022
Forecast period 2022-2030
Segments Covered By Type
  • Chest Freezers and Upright Freezers
By Application
  • Blood and Blood Products
  • Organ
  • Pharmaceuticals
  • Forensic and Genomic Research
By Technology
  • Semi-Automatic and Automatic
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Thermo Fisher Scientific Inc
  • Godrej Group
  • Haier Group Corporation
  • Blue Star Limited
  • Helmer Scientific Inc
  • PHC Holdings
  • BioLife Solutions Inc
  • Eppendorf SE
  • Meling Biomedical
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Industry Developments and Future Opportunities: 

Various initiatives by key players operating in the ultra-low temperature freezer market are listed below:

  1. In May 2023, PHC Corporation of North America (PHCNA) announced that the PHCbi brand VIP ECO SMART ultra-low temperature freezer has been awarded the prestigious Outstanding New Product Award for 2023 by the International Society for Biological and Environmental Repositories (ISBER). The product is designed for use in a range of facilities such as universities, medical institutions, and pharmaceutical companies.
  2. In February 2023, PHC Corporation of North America (PHCNA) launched PHCbi brand VIP ECO SMART ultra-low temperature freezer series. This new series is built upon innovative and reliable ultra-low temperature freezers to offer enhanced energy-saving performance while improving security and usability.

Competitive Landscape and Key Companies:

Thermo Fisher Scientific Inc, Godrej Group, Haier Group Corporation, Blue Star Limited, Helmer Scientific Inc, PHC Holdings, BioLife Solutions Inc, Eppendorf SE, Meling Biomedical, and Arctiko are among the prominent players operating in the ultra-low temperature freezer market. These companies focus on new product launches and geographic expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios. Their global presence allows them to serve a large base of customers, subsequently facilitating market expansion.

Report Coverage

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

Type, Application, Technology, and Geography

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

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Frequently Asked Questions


What are the driving and restraining factors for the ultra-low temperature freezer market?

The increasing demand for blood and blood components, and technological advancements in ultra-low temperature freezer bolster the ultra-low temperature freezer market size. However, the high cost associated with ultra-low temperature freezer hinders the ultra-low temperature freezer market growth.

Which segment is dominating the ultra-low temperature freezer market?

Based on geography, the ultra-low temperature freezer market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). North America is the largest contributor to the growth of the global ultra-low temperature freezer market. Asia Pacific is expected to register the highest CAGR in the ultra-low temperature freezer market during 2022–2030.

Which segment is dominating the ultra-low temperature freezer market?

The ultra-low temperature freezer market is divided on the basis of type, application, and technology. The ultra-low temperature freezer market, by type, is bifurcated into chest freezers and upright freezers. In 2022, the upright segment held a larger market share. Further, the upright segment is expected to record a faster CAGR during 2022–2030.
The ultra-low temperature freezer market, by application, is segmented into blood & blood products, organs, pharmaceuticals, forensic & genomic research, and others. In 2022, the blood & blood products segment held a largest market share. Further, the pharmaceuticals segment is expected to record a fastest CAGR during 2022–2030.
The market, by technology, is bifurcated into automatic and semi-automatic. In 2022, the automatic segment held a larger market share. Further, the automatic segment is expected to record a faster CAGR during 2022–2030.

What is ultra-low temperature freezer?

Ultra-Low temperature freezers are designed to store biological materials such as viruses, bacteria, eukaryotic cells, blood, and semen. These freezers are used in blood banks, hospitals, epidemic prevention services, research institutes, and biomedical engineering facilities. These are available in different specifications to suit specific commercial needs. For instance, the plasma once is used for storage of blood and plasma products at -30°C to 40°C, and the ultra-low temperature freezers are used for long term storage of DNA and RNA samples products at a range of 70°C to 80 °C.

Who are the major players in market the ultra-low temperature freezer market?

The ultra-low temperature freezer market majorly consists of the players such Thermo Fisher Scientific Inc, Godrej Group, Haier Group Corporation, Blue Star Limited, Helmer Scientific Inc, PHC Holdings, BioLife Solutions Inc, Eppendorf SE, Meling Biomedical, and Arctiko among others.

The List of Companies - Ultra-Low Temperature Freezer Market

  1. Thermo Fisher Scientific Inc
  2. Godrej Group
  3. Haier Group Corporation
  4. Blue Star Limited
  5. Helmer Scientific Inc
  6. PHC Holdings
  7. BioLife Solutions Inc
  8. Eppendorf SE
  9. Meling Biomedical
  10. Arctiko

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