Global Air-Jacketed CO2 Incubator Market 2016-2020
About CO₂ Incubators
CO₂ incubators are some of the most common laboratory equipment used for temperature and environment control in several industries. The CO₂ incubators that are heated using an air jacket on the five walls of the incubator are called air jacketed CO₂ incubators.
Technavio’s analysts forecast the global air jacketed CO₂ incubator market to grow at a CAGR of 6.20% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global air jacketed CO₂ incubator market for 2016-2020. To calculate the market size, the report considers the revenue generated by the sales of air jacketed and direct heat CO₂ incubators with air jacket technology at their selling price.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Air Jacketed CO₂ Incubator Market 2016-2020
Technavio recognizes the following companies as the key players in the global air jacketed CO₂ incubator market: BINDER, Memmert, Panasonic Biomedical, Sheldon Manufacturing, and Thermo Fisher Scientific.
Other Prominent Vendors in the market are: Bellco Glass, BMT USA, CARON, CSK Scientific, Eppendorf, ESCO Global, Heal force, Labocon, N-BIOTEK, NuAire, and VWR.
Commenting on the report, an analyst from Technavio’s team said: “Introduction of more stable and energy efficient incubators will be a key trend for market growth. The challenge for CO₂ incubator vendors has always been to minimize energy consumption while maintaining a stable temperate inside the incubator. Over the years, there have been several models that have partially overcome this challenge by using infrared and ultraviolet sensors to maintain the temperature as well as the CO₂ and O₂ composition in the incubator. However, these enhancements have given rise to prolonged heating/cooling time. Over the past year, several models have started to increase the number of heating element in the incubators. The increase in the number of heating elements within the incubator will not only reduce the heating/cooling time but also provide temperature uniformity.”
According to the report, growth in the life sciences sector over the forecast period will be fuelled by factors such as aging population, increase in chronic diseases, population growth, growing life expectancy, and higher disposable income. This growth will act as a major driver for the air jacketed CO₂ incubator market. This sector generated over $1.8 trillion in revenue in 2014, higher than the 2013 figures by 6.96%.
Further, the report states that need for regular and continuous maintenance will be a challenge for market growth. When it comes to CO₂ incubators, the equipment often requires cleaning after every process in order to decontaminate the chamber and to ensure optimal performance in the next process. The equipment also requires regular maintenance and service to ensure that all the components are in perfect condition. Since CO₂ incubators are precision equipment required to maintain the temperature and humidity inside the chamber with great stability, the periodic maintenance of each component is essential. This not only requires extra attention and effort but also adds to the TCO. Though air jacketed CO₂ incubators have a lower risk of contamination compared to water jacketed CO₂ incubators, the equipment still needs to be serviced regularly in order to gain optimal performance.
BINDER, Memmert, Panasonic Biomedical, Sheldon Manufacturing, Thermo Fisher Scientific, Bellco Glass, BMT USA, CARON, CSK Scientific, Eppendorf, ESCO Global, Heal force, Labocon, N-BIOTEK, NuAire, VWR.
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