According to the recent research report titled ‘Laboratory Temperature Control Units Market Size By Product, By Modality, By End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global laboratory temperature control units market is projected to record substantial growth during 2020-2026.
 

Surging demand for temperature control devices across several industries, technological advancements, increasing R&D expenditure globally, and shifting focus of major players towards development of novel laboratory products are the key factors driving the growth of global laboratory temperature control units market.
 

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Notably, laboratory temperature control unit or temperature controller is used to preheat in industrial process as well as maintain required temperature. For instance, the thermostat utilized in houses. It is used to adjust water temperature and maintain it at a certain degree.
 

Besides, ovens use temperature controllers to monitor actual internal temperature. In case the temperature is below the set temperature, the oven sends signal to activate heater to increase temperature back to original point.
 

In packaging industry, machines equipped with shrink wrap tunnels or label applications, seal bars, glue applications, hot melt functions must be able to work at designated temperatures, which aids product adoption.
 

Speaking of product type, the industry is divided into laboratory thermostats, laboratory circulators, laboratory temperature controllers, laboratory chillers, and others. The laboratory chillers segment was worth USD 140 million in 2019 and is reckoned to grow substantially over the study period.
 

Based on modality, the industry is bifurcated into benchtop/standalone and handheld/portable. The portable segment held 25% share of global laboratory temperature control units industry in 2019. This equipment is transferable and easy to handle.
 

Elaborating on end-use, the market is categorized into pharma & biotech industry, hospitals, chemical sector, food & beverage sector, and others.  Food & beverage segment is projected to expand with a CAGR of 5.5% over the analysis period. Increasing use of temperature control units in this industry will influence the segmental growth.
 

Leading organizations in global laboratory temperature control units market are Thermo Fisher Scientific, PolyScience, Peter Huber Kältemaschinenbau AG, LAUDA DR. R. WOBSER GMbH & Co. KG, JULABO GmbH, IKA, FRYKA-Kältetechnik GmbH, Eurodifroid, Delta Electronics, Inc., and Bio-Rad Laboratories.