Global Refrigerated Incubators Market Size and Share
| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 693.41 Million |
| Market Size (2030) | USD 910.56 Million |
| CAGR (2025 - 2030) | 5.60% |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Global Refrigerated Incubators Market Analysis by Mordor Intelligence
The Global Refrigerated Incubators Market size is estimated at USD 693.41 million in 2025, and is expected to reach USD 910.56 million by 2030, at a CAGR of 5.6% during the forecast period (2025-2030).
The refrigerated incubators market is expected to grow over the forecast period due to factors such as the rising adoption of refrigerated incubators for research activities targeting infectious diseases and increasing technological advancements in refrigerated incubators.
Research related to infectious diseases has been advancing, which is expected to create more demand for refrigerated incubators to maintain the optimum temperature required for specific reagents, microorganisms, etc., involved in the research. For instance, in September 2023, the University of Chicago received federal support with funding of USD 12.4 million from the National Institute of Allergy and Infectious Disease (NAID) to support research activities and studies in emerging infectious diseases. Such wide-scale research programs are expected to increase the demand for refrigerated incubators to maintain the optimum temperature of the microbes under study.
Additionally, technological advancements and the latest trends in the refrigerated incubator market, such as password-protected settings, door opening alarms, auto decontamination cycles, self-calibration, pre-set alarms, over-temperature alarms, and thermostats, safe, reproducible incubation, and even at high ambient temperatures are expected to drive the sales of refrigerated incubators during the forecast period. For instance, the new refrigerated incubators offered by Thermo Scientific, including Heratherm Refrigerated Incubators, Peltier Low-Temperature Incubators, and Precision Plant Growth Chambers, utilize powerful compressor technology. The technology is designed to provide optimal temperature conditions for applications that need thermal stability and uniformity above, around, or below the usual ambient laboratory temperature.
Moreover, the new product launches and strategic activities by major players in the market are positively affecting the growth of the market studied. For instance, in September 2023, Esco Lifesciences introduced the refrigerated incubator Isotherm, which was incorporated with pre-heat chamber technology, microprocessor PID technology, auto-defrost system, and other advanced features. It was available in various sizes, including 110 l, 170 l, and 240 l.
Therefore, owing to the aforementioned factors, including the increasing research and technological advancements of refrigerated incubators, the market studied is anticipated to witness growth during the forecast period. However, the availability of alternative incubators is likely to impede market growth.
Global Refrigerated Incubators Market Trends and Insights
51 to 200 l Segment is Expected to Witness Significant Growth During the Forecast Period
- The 51 to 200-l refrigerated incubators comprise powerful and highly efficient portable units with an internal fan to prevent thermal layering and keep a consistent temperature. Such incubators reduce daily manual tasks and repetitive instrument operations through real-time control.
- A wide range of applications of 51 to 200 l refrigerated incubators type involves microbiological analyses, determining germ count, biological specimen cultivation above and below room temperature, and accelerating aging tests. For instance, in November 2023, the Innovation Foundation at Oklahoma State University introduced the plan for Innovation Park and its aim to expand the services with genomic analysis capabilities by efficiently storing and managing biological samples from human, plant, and animal specimens for research activities in the future. Such factors highly support the adoption of refrigerated incubators in laboratories.
- Further, refrigeration plays a significant role in biologics maintenance, which increases awareness about the significance of refrigerated incubators, including 51 to 200-l refrigerated incubators that offer highly efficient refrigeration. Hence, owing to the above factors, the adoption of these products is likely to increase among the target population, driving market growth.
- Therefore, the 51 to 200 l segment is expected to witness significant growth during the forecast period due to the abovementioned factors, including its applications in the research.
North America is Expected to Witness Significant Growth During the Forecast Period
- North America is expected to witness significant growth during the forecast period, owing to factors such as the high burden of chronic and infectious diseases, high research investments, and the presence of leading players in the region. The region has a high prevalence of chronic and infectious diseases, requiring refrigerated incubators to maintain the optimum temperature of the therapeutic products. For instance, in November 2023, as per the data published by the Centers for Disease Control and Prevention (CDC), around 31 million people in the United States were infected with flu during 2022-2023. Further, as per the data published by the Canadian government in December 2023, over 163 laboratory-confirmed influenza outbreaks were reported in Canada from August 2023 to December 2023. These factors are expected to contribute to the growth of the market in North America.
- Furthermore, the high concentration of market players or manufacturers' presence in the region is also expected to drive the growth of the refrigerated incubators market in the country. For instance, in February 2023, PHC Corporation of North America (PHCNA) announced the launch of PHCbi brand VIP ECO SMART ultra-low temperature freezer series for use in facilities such as academic research institutes and pharmaceutical companies. These continuous product approvals in the region are anticipated to drive the country's growth in the market.
- Therefore, owing to the aforementioned factors, including the high burden of chronic and infectious diseases and the presence of leading market players, the market is anticipated to grow in North America.
Competitive Landscape
The refrigerated incubators market is fragmented in nature due to the presence of several companies operating globally and regionally. The key players operating in the market include Binder GmbH, Thermo Fisher Scientific, PHC Holdings Corporation, Eppendorf AG, and Amerex Instruments Inc.
Global Refrigerated Incubators Industry Leaders
-
Binder GmbH
-
Thermo Fisher Scientific
-
PHC Holdings Corporation
-
Eppendorf AG
-
Amerex Instruments, Inc.
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- September 2023: Cleveland Clinic opened to involve research programs, the Center for Computational Life Sciences, the Center for Immunotherapy and Precision Immuno-oncology, including the Cell Therapy Program and vaccine development, and the Center for Therapeutics Discovery. Thus, such research programs are likely to involve the utilization of refrigerated incubators.
- January 2022: PHC Corporation of North America introduced a new, high-performance under-counter freezer to provide precise temperature control and uniformity. The PF-L5181W-PA meets the Centers for Disease Control and Prevention (CDC) guidelines and maintains temperatures between -15 °C and- 25 °C. It is engineered to maintain a tight uniformity of ±5°C for storing critical vaccines and biologics whether the unit is loaded or empty.
Global Refrigerated Incubators Market Report Scope
As per the scope of the report, refrigerated incubators and cooled incubators are designed to maintain a consistent temperature based on cooling requirements for research. Typical temperature settings range from -50°C to 65°C based on varying convection types. The refrigerated incubators market is segmented by type, application, and geography. By type, the market is segmented into 50 l, 51 to 200 l, 201 to 750 l, 751 to 1,500 l, and above 1,501 l. By application, the market is segmented into hospitals, research laboratories and academic institutes, and pharmaceutical and biotechnology companies. By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. For each segment, the market size is provided in terms of value (USD).
| Below 50 l |
| 51 to 200 l |
| 201 to 750 l |
| 751 to 1,500 l |
| Above 1,501 l |
| Hospitals |
| Research Laboratories and Academic Institutes |
| Pharmaceutical and Biotechnology Companies |
| North America | United States |
| Canada | |
| Mexico | |
| Europe | Germany |
| United Kingdom | |
| France | |
| Italy | |
| Spain | |
| Rest of Europe | |
| Asia-Pacific | China |
| Japan | |
| India | |
| Australia | |
| South Korea | |
| Rest of Asia-Pacific | |
| Rest of the World |
| By Type | Below 50 l | |
| 51 to 200 l | ||
| 201 to 750 l | ||
| 751 to 1,500 l | ||
| Above 1,501 l | ||
| By End User | Hospitals | |
| Research Laboratories and Academic Institutes | ||
| Pharmaceutical and Biotechnology Companies | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Asia-Pacific | China | |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Rest of the World | ||
Key Questions Answered in the Report
How big is the Global Refrigerated Incubators Market?
The Global Refrigerated Incubators Market size is expected to reach USD 693.41 million in 2025 and grow at a CAGR of 5.60% to reach USD 910.56 million by 2030.
What is the current Global Refrigerated Incubators Market size?
In 2025, the Global Refrigerated Incubators Market size is expected to reach USD 693.41 million.
Who are the key players in Global Refrigerated Incubators Market?
Binder GmbH, Thermo Fisher Scientific, PHC Holdings Corporation, Eppendorf AG and Amerex Instruments, Inc. are the major companies operating in the Global Refrigerated Incubators Market.
Which is the fastest growing region in Global Refrigerated Incubators Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Global Refrigerated Incubators Market?
In 2025, the North America accounts for the largest market share in Global Refrigerated Incubators Market.
What years does this Global Refrigerated Incubators Market cover, and what was the market size in 2024?
In 2024, the Global Refrigerated Incubators Market size was estimated at USD 654.58 million. The report covers the Global Refrigerated Incubators Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Refrigerated Incubators Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Page last updated on:
Global Refrigerated Incubators Market Report
Statistics for the 2025 Global Refrigerated Incubators market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Refrigerated Incubators analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
