ULTRA LOW TEMPERATURE FREEZER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• On April 8, 2024, Thermo Fisher Scientific Inc., a medical technology company, announced the launch of ultra low temperature (ULT) freezers. The TSX Universal Series ULT Freezers are reportedly able to acclimate to scientists’ workflows across multiple lab settings.
• In November 2022, Voltas, a home appliance company, announced that it had entered into an agreement with Vestfrost Solutions, a manufacturer of innovative and efficient refrigerators and freezers, to develop, manufacture, sell and service medical refrigeration and vaccine storage equipment including Ice lined Refrigerators, Vaccine Freezers and Ultra low temperature Freezersin the India market
• In June 2022, Haier Biomedical, a manufacturer of low temperature storage equipment for biomedical samples, launched TwinCoolFrequency Conversion ULT Freezer with an aim to offer the safety of biological samples, improve energy consumption, and truly achieve green and efficient storage
• In February 2021, Godrej, a consumer products company across industries like consumer goods, real estate, appliances, aero-space, agriculture and many others, launched specially refrigerated mobile vans and ultra low temperature freezers to help in transportation of coronavirus vaccines in India. The ultra low temperature freezers helps to maintain a precise temperature of 2 to 8 degrees Celsius to store the highly temperature-sensitive Covaxin and CoviShield vaccines being administered in India.