Laboratory Recirculation Chillers Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
From 2018 to 2022, the laboratory recirculation chillers market was driven by increased technological advancements, growing demand for precision instruments, and a rise in research and development activities. According to recent market data, the market experienced a compound annual growth rate (CAGR) of 5.3% during this period. The trend was further influenced by a surge in pharmaceutical, biotechnology, and chemical sectors, where the need for regulated temperature environments is critical. Laboratories also demanded chillers capable of maintaining consistent and reliable cooling systems for extended periods, which led to the development of more durable and customizable chillers.
The shift in the market during this period was also attributed to a growing emphasis on laboratory automation, which pushed for more integrated and efficient chilling solutions. Additionally, environmental concerns and the adoption of sustainable practices led to a rising demand for chillers that use less harmful refrigerants and consume less energy. This transition to green technologies was increasingly prioritized by laboratory managers looking to reduce operational costs and align with eco-friendly standards.
The forecast for the laboratory recirculation chillers market from 2023 to 2033 reveals promising trends, with demand expected to rise at a faster rate due to ongoing research expansion and technological advancements. By 2030, the market is predicted to reach a value of $2.5 billion, expanding further as industries continue to seek innovative, more efficient cooling systems. New developments such as smart chillers that offer real-time monitoring and data analytics are also gaining traction, contributing to market growth. The demand for these products is expected to be particularly strong in the Asia Pacific region, as emerging economies invest in enhancing their research and industrial capabilities.
Get an In-Depth Research Analysis of the Global Laboratory Recirculation Chillers Market Size And Forecast [2025-2032]
The laboratory recirculation chillers market has witnessed significant developments from 2018 to 2022, with a notable increase in demand due to the rising need for temperature control in scientific research and industrial laboratories. These chillers are vital for maintaining precise temperatures for various laboratory applications, such as chemical reactions, biological processes, and material testing. Over the past few years, industries have experienced a shift towards more energy-efficient, eco-friendly, and advanced cooling systems, which has directly impacted the market growth.
IKA
JULABO
SP
LAUDA
Peter Huber Kältemaschinenbau
Thermo Fisher Scientific
Cole-Parmer
BÃœCHI Labortechnik
KNF Group
Thermal Exchange
North Slope Chillers
National Lab
MRC Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Laboratory Recirculation Chillers Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Laboratory Recirculation Chillers Market
Separations
Chemical Reaction Control
Spectroscopy
Laboratory Automation
Based on Types the Market is categorized into Below types that held the largest Laboratory Recirculation Chillers market share In 2023.
Less Than 500W
500-1000W
More Than 1000W
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Laboratory Recirculation Chillers Market Research Analysis
1. Introduction of the Global Laboratory Recirculation Chillers Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Laboratory Recirculation Chillers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Laboratory Recirculation Chillers Market, By Type
6. Global Laboratory Recirculation Chillers Market, By Application
7. Global Laboratory Recirculation Chillers Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Laboratory Recirculation Chillers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/