Ultra Low Temperature Freezer Market Size and Share

Ultra Low Temperature Freezer Market Analysis by Mordor Intelligence
The ultra low temperature freezer market size is valued at USD 571.46 million in 2026 and is forecast to reach USD 747.98 million in 2031, advancing at a 5.53% CAGR over 2026-2031. Energy-efficient freezers that rely on natural refrigerants are displacing older cascade systems, while freezer-as-a-service contracts let laboratories shift large capital purchases to operating expenses. Upright units continue to dominate purchases because they optimize floor space and sample access, yet chest models are gaining favor in long-term biobanking due to tighter temperature uniformity. Pharmaceutical and biotechnology companies remain the largest buyers, but demand is rising fastest in hospitals and blood centers as decentralized clinical trials and point-of-care testing spread. Regionally, North America leads on the back of dense biobank networks and mandatory ENERGY STAR Version 2.0 limits, whereas Asia-Pacific will expand the quickest as China, Japan and India pour funds into genomics and regenerative-medicine infrastructure. [1]U.S. Environmental Protection Agency, “ENERGY STAR Product Specification for Laboratory Grade Refrigerators and Freezers, Version 2.0,” energystar.gov
Key Report Takeaways
- By product type, upright configurations captured 61.25% of the ultra low temperature freezer market share in 2025; chest freezers are projected to grow at a 6.61% CAGR through 2031.
- By end user, pharmaceutical and biotechnology companies commanded a 44.23% share of the ultra low temperature freezer market size in 2025, while hospitals and blood centers are set to register the highest 6.34% CAGR to 2031.
- By capacity, the 501-700 liter segment led with 38.91% of the ultra low temperature freezer market share in 2025; units below 300 liters are forecast to expand at a 6.73% CAGR between 2026-2031.
- By geography, North America held 42.45% revenue in 2025, and Asia-Pacific is anticipated to advance at the strongest 6.81% CAGR up to 2031.
Note: Market size and forecast figures in this report are generated using Mordor Intelligence’s proprietary estimation framework, updated with the latest available data and insights as of January 2026.
Global Ultra Low Temperature Freezer Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Expanding biobank networks world-wide | +1.2% | Global, with concentration in North America, Europe, and China | Long term (≥ 4 years) |
| Post-COVID vaccine cold-chain build-out | +0.8% | Global, particularly Asia-Pacific and Middle East | Medium term (2-4 years) |
| Rapid adoption of energy-efficient natural-refrigerant ULT models | +1.0% | North America & EU leading; APAC following | Medium term (2-4 years) |
| Growth of cell & gene therapy pipelines | +1.3% | North America, Europe, Japan | Long term (≥ 4 years) |
| ENERGY-STAR compliance-driven replacement demand | +0.7% | North America, with spillover to Australia | Short term (≤ 2 years) |
| Emergence of freezer-as-a-service rental models | +0.4% | North America, Western Europe | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Expanding Biobank Networks World-Wide
National genomic initiatives are scaling sample repositories beyond academic settings, lifting long-term demand for validated ultra low temperature storage. China’s National GeneBank added capacity for 50 million samples, and Japan’s Genome and Data Infrastructure Project funds biobanking tied to AI-led drug discovery, both of which specify freezers that meet ISO 13485 quality controls. [2]China National GeneBank, “Facility Overview and Capacity Expansion,” cngb.org India’s BioE3 Policy pairs biomanufacturing hubs with a 10,000-genome target, pressuring laboratories facing frequent power disruptions to order energy-efficient, battery-ready units. Azenta Life Sciences’ 2025 BioArc Ultra deal with UK Biocentre, which delivers 70% energy savings, shows sustainability now ranks alongside specimen security in tender criteria.
Post-COVID Vaccine Cold-Chain Build-Out
Infrastructure built for mRNA vaccines is being repurposed for monoclonal antibodies and next-gen therapeutics. DHL earmarked EUR 500 million for Asia-Pacific healthcare logistics and UPS invested USD 250 million in similar freezer farms, ensuring -80 °C capacity for biosimilars. Saudi Arabia’s biotechnology roadmap requires localized ULT storage for clinical-trial materials, and Japan keeps an emergency-approval pathway that encourages pharmaceutical firms to maintain surge capacity. Updated WHO guidelines strengthen validation rules, favoring manufacturers that bundle IoT monitoring and cloud archival services. [3]World Health Organization, “Cold Chain Equipment for COVID-19 Vaccines: Guidance,” who.int
Rapid Adoption of Energy-Efficient Natural-Refrigerant ULT Models
Escalating electricity tariffs and stricter F-gas curbs are accelerating a switch from HFC cascade systems to propane and ethane designs. EU Regulation 2024/573 tightens phasedown schedules, spurring vendors to redesign compressors around R290 and R170. Thermo Fisher’s TSX Universal Series cuts energy draw by 33% through variable-frequency drives, and PHC Holdings’ dual-voltage VIP ECO SMART consumes 5.4 kWh per day, meeting ENERGY STAR Version 2.0 thresholds.
Growth of Cell & Gene Therapy Pipelines
CAR-T therapies, gene-editing platforms and iPSC programs demand cryopreservation across manufacturing and clinical stages. Japan’s regenerative-medicine market is projected to exceed USD 22 billion by 2030, bringing 19 approved products that require −80 °C logistics. Europe’s EBiSC installed fully automated cryo-tanks with smart cryotubes for GDPR-compliant traceability, and Mitsubishi Logistics runs a ULT hub in Kawasaki dedicated to cell-therapy cargo.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| High capital & operating costs | -0.6% | Global, acute in emerging markets and small laboratories | Medium term (2-4 years) |
| Complex multi-jurisdictional regulatory compliance | -0.4% | Global, especially North America, EU, and Japan | Long term (≥ 4 years) |
| Grid-instability risks in emerging markets | -0.5% | Sub-Saharan Africa, South Asia, parts of Middle East | Long term (≥ 4 years) |
| Liquid-nitrogen cryogenic alternatives in niche segments | -0.3% | Global, concentrated in stem-cell and reproductive-medicine applications | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
High Capital & Operating Costs
Purchase prices range from USD 8,000 for compact models to USD 25,000 for high-capacity dual-compressor units, and annual running costs add USD 1,000-3,000. Nigeria’s heavy generator reliance lifts total costs by up to 60%, while even efficient units carry 20-30% price premiums that stress public-sector budgets.
Complex Multi-Jurisdictional Regulatory Compliance
FDA 21 CFR Part 11, EU MDR and ISO 13485 each impose separate validation, cybersecurity and post-market surveillance rules, extending launch timelines by six to twelve months. Japan’s PMDA and China’s NMPA demand local testing even for CE-marked products, fragmenting model lines and inflating distributor inventories.
Segment Analysis
By Product Type: Upright Dominance Meets Chest Resurgence
Upright units comprised 61.25% of 2025 revenue for the ultra low temperature freezer market thanks to efficient racking and faster lid-to-specimen retrieval. Energy savings, IoT monitoring and ENERGY STAR labels now dictate procurement checklists. Conversely, chest freezers’ superior thermal retention underpins a 6.61% forecast CAGR through 2031. Binder, Liebherr and Meling capitalize on thicker wall insulation to house vacuum-insulation panels without shrinking usable volume. As biobanks store irreplaceable genomic archives for decades, chest designs find renewed relevance despite slower sample access.
Competitive innovation is reshaping both categories. Uprights integrate cloud dashboards that log alarms for FDA-compliant audits, and chest designs add side-access ports for robotic pick-and-place modules. Portable micro-freezers are also emerging, carving out a sub-segment that supports mobile vaccination clinics, yet they still roll up under the broader ultra low temperature freezer market for reporting purposes.

By End User: Pharma Incumbency Versus Hospital Acceleration
Pharmaceutical and biotech firms held a 44.23% slice of the ultra low temperature freezer market size in 2025, driven by master-cell banks and global stability studies. Hospitals and blood centers, currently smaller in absolute revenue, will log the strongest 6.34% CAGR on the back of decentralized clinical trials and expanded blood fractionation services. CROs increasingly lease capacity through freezer-as-a-service programs to align cold store counts with project pipelines, while academic labs consolidate legacy fleets into shared core facilities to minimize redundant maintenance contracts.
Saudi Arabia’s Vision 2030 biotechnology targets and India’s cell-therapy focus are blurring lines among these user groups. Shared campuses like Japan’s Greater Tokyo Biocommunity house start-ups next to contract manufacturers and universities, pooling cold infrastructure and further accelerating unit refresh cycles across the ultra low temperature freezer market.
By Capacity: Mid-Range Incumbency Challenged by Compact Growth
Freezers sized 501-700 liters produced 38.91% of 2025 sales, a sweet spot balancing rack density and doorway clearance. Nevertheless, sub-300 liter models will post the fastest 6.73% CAGR as mobile clinics and satellite labs seek grid-independent, battery-ready solutions. Compact units now ship with the same dual-compressor redundancy and IoT telemetry historically reserved for larger volumes, flattening performance gaps.
Non-linear energy scaling encourages labs to right-size purchases: a 700-liter freezer typically uses only 20% more power than a 500-liter unit. Vendors such as B Medical Systems and Haier Biomedical respond with modular arrays of smaller freezers governed by centralized alarm servers, encouraging laboratories to build redundancy through distributed capacity rather than monolithic cabinets.

Note: Segment shares of all individual segments available upon report purchase
Geography Analysis
North America generated 42.45% of 2025 revenue in the ultra low temperature freezer market. Over 600 biobanks and the NIH All of Us program create steady replacement demand as older units fail ENERGY STAR Version 2.0 thresholds that began in June 2025. Canada’s Toronto-Montreal corridor expands regenerative-medicine manufacturing that relies on validated ULT storage, and nearshoring pushes contract manufacturing into Mexico to serve Latin American trial sites.
Asia-Pacific is set for the fastest 6.81% CAGR. China’s National GeneBank, Japan’s USD 3.3 billion Greater Tokyo Biocommunity and India’s BioE3 Policy collectively pump billions into biorepositories, accelerating orders for hydrocarbon-refrigerant units compliant with CE and GB standards. Australia’s TGA alignment with FDA and EMA eases market entry but high logistics costs favor Singapore-Hong Kong distribution hubs.
Europe’s strict F-gas phasedown propels replacement demand, while Saudi Arabia and Brazil spearhead growth in the Middle East and South America through vaccine self-sufficiency drives. Conversely, Sub-Saharan Africa’s 600 million residents without reliable power limit mechanical freezer uptake, steering some facilities toward LN₂ dewars or solar/battery hybrid kits until grid reliability improves.

Competitive Landscape
Thermo Fisher Scientific, PHC Holdings, Eppendorf and Haier Biomedical control an estimated 52% of global 2025 revenue, leveraging in-house compressor lines and vacuum-panel insulation to defend margins. M&A remains active: Global Cooling bought Stirling Ultracold in April 2024, while Azenta snapped up B Medical Systems and Barkey in 2022, bundling hardware with automated sample-management software and cryogenic logistics. Emerging challenger MIRAI Intex markets air-cycle refrigeration that eliminates HFCs altogether, attractive where F-gas levies rise annually.
White-space lies in modular biobanking arrays, predictive-maintenance algorithms and leasing programs that convert lump-sum capex into opex. Excedr and CryoSolutions AG offer multi-year rental platforms, while consumables vendors embed freezers in reagent-supply bundles, shifting negotiating leverage away from traditional hardware-only sellers. Cyber-secure IoT telemetry is also becoming a differentiator as FDA audits now scrutinize electronic logs under 21 CFR Part 11.
Ultra Low Temperature Freezer Industry Leaders
PHC Holdings Corporation
Thermo Fisher Scientific Inc.
Haier Smart Home Co., Ltd (Haier Biomedical)
Eppendorf SE
BioLife Solutions, Inc.
- *Disclaimer: Major Players sorted in no particular order

Recent Industry Developments
- January 2025: Azenta Life Sciences won a UK Biocentre contract for BioArc Ultra freezers that cut energy use by 70%.
- April 2024: Thermo Fisher rolled out the TSX Universal Series with 33% energy savings and Zero-Waste manufacturing certification.
- April 2024: Thermo Fisher rolled out the TSX Universal Series with 33% energy savings and Zero-Waste manufacturing certification.
- February 2024: Azenta launched BioArc Ultra using MIRAI Intex air-cycle refrigeration that carries zero GWP.
Global Ultra Low Temperature Freezer Market Report Scope
As per the scope of the report, ultra-low temperature (ULT) freezers are extremely advanced systems with temperature capacities ranging from -45°C to -86°C, and the inner volume of the ULT freezers is, in general, between 300 and 800 liters. The Ultra-Low Temperature Freezers Market is Segmented by Product Type (Upright ULT Freezers and Chest ULT Freezer), End User (Bio-Banks, Pharmaceutical and Biotechnology Companies, Academic and Research Laboratories, Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major global regions. The report offers the value (USD) for the above segments.
| Upright ULT Freezers |
| Chest ULT Freezers |
| Bio-Banks |
| Pharmaceutical & Biotechnology Companies |
| Academic & Research Laboratories |
| Contract Research Organizations (CROs) |
| Hospitals & Blood Centers |
| Less than 300 Liters |
| 301-500 Liters |
| 501-700 Liters |
| 701-900 Liters |
| More than 900 Liters |
| 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 | |
| Middle East and Africa | GCC |
| South Africa | |
| Rest of Middle East and Africa | |
| South America | Brazil |
| Argentina | |
| Rest of South America |
| By Product Type | Upright ULT Freezers | |
| Chest ULT Freezers | ||
| By End User | Bio-Banks | |
| Pharmaceutical & Biotechnology Companies | ||
| Academic & Research Laboratories | ||
| Contract Research Organizations (CROs) | ||
| Hospitals & Blood Centers | ||
| By Capacity | Less than 300 Liters | |
| 301-500 Liters | ||
| 501-700 Liters | ||
| 701-900 Liters | ||
| More than 900 Liters | ||
| 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 | ||
| Middle East and Africa | GCC | |
| South Africa | ||
| Rest of Middle East and Africa | ||
| South America | Brazil | |
| Argentina | ||
| Rest of South America | ||
Key Questions Answered in the Report
What CAGR is expected for ultra low temperature freezer sales between 2026 and 2031?
The market is projected to grow at a 5.53% CAGR over the forecast period.
Which region will add capacity the fastest?
Asia-Pacific is forecast to register the strongest 6.81% CAGR, spurred by major genomics and regenerative-medicine investments in China, Japan and India.
How do ENERGY STAR Version 2.0 rules affect purchasing decisions?
The 2025 rules cap daily energy draw at 8 kWh, prompting labs to retire non-compliant freezers and favor new hydrocarbon-based models with lower operating costs.
Why are hospitals increasing ultra-low freezer purchases?
Decentralized clinical trials, point-of-care testing and expanded blood-component processing drive hospitals to install validated −80 °C storage on-site.
What alternatives exist in regions with unstable electricity?
Facilities often pair mechanical ULT freezers with solar-battery backup or adopt liquid-nitrogen dewars that provide −196 °C storage without grid dependence.




