Filtered Storage Cabinets Market Size, Trends and Insights By Product Type (Ductless filtered storage cabinets, Ducted filtered storage cabinets), By Industry (Healthcare, Pharmaceutical, Chemical, Food and beverage, Electronics, Others), By Application (Medical, Laboratory, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI34193

Published Date: November 2023

Pages: 220+

Category: Machinery & Equipment

Report Snapshot

CAGR: 6.2%
1.1B
2022
1.2B
2023
2.2B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Esco Micro Pte. Ltd. (Esco Scientific)
  • Air Science LLC (Air Science)
  • Erlab Inc. (Erlab)
  • Clean Air Products (Clean Air Products)
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Filtered Storage Cabinets Market is expected to record a CAGR of 6.2% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 1.2 Billion. By 2032, the valuation is anticipated to reach USD 2.2 Billion.

The Filtered Storage Cabinets market pertains to a niche segment within laboratory and cleanroom equipment, encompassing cabinets designed to ensure the safe storage of materials by employing advanced air filtration systems. These cabinets are engineered to create a sterile environment, preventing contamination and safeguarding sensitive materials.

Current trends in this market include a heightened focus on sustainability, the integration of smart technologies for enhanced functionality, and the impact of the COVID-19 pandemic, which has underscored the need for effective pathogen containment solutions, further driving innovation and demand in this sector.

Filtered Storage Cabinets Market – Significant Growth Factors

The Filtered Storage Cabinets Market presents significant growth opportunities due to several factors:

  • Stringent Regulatory Compliance: Increasing regulations and safety standards in industries such as pharmaceuticals and healthcare create a growing demand for cabinets that ensure compliance and safe storage.
  • Rising Concerns for Lab Safety: A heightened awareness of laboratory safety, coupled with the need to protect sensitive materials, presents opportunities for advanced filtered storage solutions.
  • Sustainability Focus: The trend towards eco-friendly and sustainable practices drives innovation in cabinets that reduce energy consumption, waste, and environmental impact.
  • Technological Integration: The integration of smart technology, such as real-time monitoring and data logging, enhances cabinet functionality and user convenience.
  • Healthcare Sector Growth: The expanding healthcare industry, with a focus on research and development, provides opportunities for cabinets designed for pharmaceutical and biotechnology applications.
  • Pandemic Preparedness: The COVID-19 pandemic has highlighted the need for effective pathogen containment solutions, creating opportunities for advanced filtration and safety features in filtered storage cabinets to meet evolving health and safety needs.

Filtered Storage Cabinets Market – Mergers and Acquisitions

The Filtered Storage Cabinets Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their Type offerings and profitability. Some notable examples of mergers and acquisitions in the Filtered Storage Cabinets Market include:

  • In the year 2022, Esco Scientific made a strategic move by acquiring Air Science, a prominent manufacturer known for its expertise in producing high-quality filtered storage cabinets.
  • In 2021, Erlab strengthened its presence in the market by acquiring Clean Air Products, a company specializing in filtered storage cabinets and a wide range of other laboratory equipment.
  • In 2020, TopAir Systems expanded its portfolio by acquiring Terra Universal, a manufacturer renowned for its excellence in crafting filtered storage cabinets and other laboratory equipment.

These mergers and acquisitions have helped companies expand their Type offerings, improve their market presence, and capitalize on growth opportunities in the Filtered Storage Cabinets Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Filtered Storage Cabinets Market Shuttle Rack Market Room and Hall Ventilation System Market
CAGR 6.2% (Approx) CAGR 7.5% (Approx) CAGR 6.8% (Approx)
USD 2.2 Billion by 2032 USD 5.3 Billion by 2032 USD 52.8 Billion by 2032

Filtered Storage Cabinets Market – Significant Threats

The Filtered Storage Cabinets Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Regulatory Changes: Evolving regulations and compliance standards can pose challenges to manufacturers in terms of ensuring that their products meet new requirements.
  • Competitive Landscape: The market is competitive, with various players offering similar products, leading to price wars and reduced profit margins.
  • Economic Downturns: Economic fluctuations and recessions can impact spending on laboratory and cleanroom equipment, potentially leading to reduced demand.
  • Supply Chain Disruptions: Disruptions in the supply chain, as witnessed during the COVID-19 pandemic, can lead to delays and shortages in production.
  • Technological Advances: Rapid technological advancements may render existing products obsolete, requiring constant innovation to stay relevant.
  • Environmental Concerns: Increased environmental awareness may lead to a shift away from certain materials or practices, affecting product design and manufacturing processes.
  • Global Health Crises: Ongoing health crises can disrupt operations, hinder international trade, and impact the ability to supply products to global markets.
  • Cybersecurity Threats: With the increasing integration of smart technologies, the risk of cyberattacks on sensitive data and equipment control systems is a growing concern.
  • Raw Material Price Volatility: Fluctuations in the cost of raw materials can impact production costs and profitability.
  • Geopolitical Factors: Trade tensions and political instability can affect global supply chains and market access.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 1.2 Billion
Projected Market Size in 2032 USD 2.2 Billion
Market Size in 2022 USD 1.1 Billion
CAGR Growth Rate 6.2% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Product Type, Industry, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Product Type Insights

  • Ductless Filtered Storage Cabinets: These cabinets offer a portable and efficient solution for safe storage in laboratories. They utilize carbon filters to capture and neutralize contaminants, providing localized fume extraction. A key trend in this segment is the increasing demand for energy-efficient designs and smart technology integration, enhancing safety and usability.
  • Ducted Filtered Storage Cabinets: Ducted cabinets are designed for laboratories where fumes and airborne contaminants need to be vented outside. They incorporate ductwork and exhaust systems for direct removal of pollutants. A notable trend is the use of advanced filtration technologies, such as HEPA and ULPA filters, to improve air quality and safety in laboratories while reducing environmental impact.

Global Filtered Storage Cabinets Market 2023–2032 (By Billion)

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By Industry

  • Healthcare Segment: In the Filtered Storage Cabinets market, the healthcare industry demands cabinets designed to safeguard patient samples, medicines, and sensitive equipment. Key trends include the integration of advanced air filtration systems to maintain aseptic conditions, improved ergonomics for healthcare professionals, and smart technology for monitoring and compliance.
  • Pharmaceutical Segment: For pharmaceuticals, the focus is on storage solutions that ensure product quality and compliance with stringent regulatory requirements. A trend is the development of cabinets with precise temperature and humidity control, along with enhanced security features to protect valuable pharmaceutical assets.
  • Chemical Segment: In the chemical sector, filtered storage cabinets are vital for safely storing hazardous substances. A trend involves the use of chemical-resistant materials, advanced ventilation systems, and compliance with safety regulations to mitigate risks.
  • Food and Beverage Segment: In the food and beverage industry, filtered storage cabinets are used to preserve ingredients and perishable goods. The trend is toward energy-efficient cabinets that reduce food waste, improve shelf life, and maintain optimal storage conditions.
  • Electronics Segment: The electronics industry requires cabinets with precise climate control and protection from dust and contaminants. A trend is the incorporation of ESD (Electrostatic Discharge) protection and advanced air filtration to safeguard sensitive electronic components.
  • Other Segment: In various sectors like research, education, and manufacturing, filtered storage cabinets find versatile applications. A trend involves customization options to meet specific industry needs and provide cost-effective and efficient storage solutions.

By Application

  • Medical: In the Filtered Storage Cabinets market, the medical segment refers to cabinets designed to meet the specific storage needs of pharmaceuticals, medical equipment, and other critical healthcare materials. Recent trends in this segment include an increased emphasis on compliance with stringent medical regulations, innovative solutions for maintaining product integrity, and the integration of smart technologies for precise monitoring and control.
  • Laboratory: The laboratory segment encompasses cabinets tailored to the needs of research and analytical laboratories. Key trends involve the adoption of energy-efficient designs, the use of advanced filtration systems to maintain a sterile environment, and user-friendly features for enhanced efficiency.
  • Others: The “Others” category in the Filtered Storage Cabinets market comprises applications beyond medical and laboratory contexts. It includes various industrial and research applications where specialized storage solutions are required. Trends in this segment may vary widely depending on the specific industry, ranging from increased sustainability considerations to customized features catering to unique storage needs.

Global Filtered Storage Cabinets Market 2023–2032 (By Application)

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Filtered Storage Cabinets Market – Regional Analysis

The Filtered Storage Cabinets Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: In North America, the Filtered Storage Cabinets market is well-established, driven by stringent regulations and the need for high-quality laboratory equipment. Trends include an emphasis on sustainability and energy-efficient solutions, along with advanced smart technologies for real-time monitoring and compliance.
  • Europe: In Europe, the market focuses on compliance with stringent environmental regulations and pharmaceutical standards. Trends encompass the adoption of eco-friendly materials, precision-controlled cabinets, and the growth of the biotechnology industry, spurring innovation in storage solutions.
  • Asia-Pacific: The Asia-Pacific region experiences substantial market growth, driven by expanding healthcare and pharmaceutical sectors. Key trends include cost-effective, locally manufactured solutions, customization to cater to diverse applications, and a growing demand for filtered storage cabinets in emerging economies.
  • LAMEA: LAMEA presents an emerging market for filtered storage cabinets. Trends include increased adoption in healthcare and research sectors, catering to specific climate requirements in the Middle East, and improving safety and compliance standards in laboratories across the region.

Global Filtered Storage Cabinets Market 2023–2032 (By Product Type)

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Competitive Landscape – Filtered Storage Cabinets Market

The Filtered Storage Cabinets Market is highly competitive, with many manufacturers and others operating globally. Some of the key players in the market include:

  • Esco Micro Pte. Ltd. (Esco Scientific)
  • Air Science LLC (Air Science)
  • Erlab Inc. (Erlab)
  • Clean Air Products (Clean Air Products)
  • TopAir Systems Ltd. (TopAir Systems)
  • Terra Universal Inc. (Terra Universal)
  • Stericox (Stericox)
  • ESBE Scientific (ESBE Scientific)
  • Wincom Company Ltd. (Wincom Company)
  • Asecos GmbH (Asecos)
  • SAFOO (SAFOO)
  • Sateri (Sateri)
  • Others

These companies operate in the market through various strategies such as application innovation, mergers and acquisitions, and partnerships.

New players entering the Filtered Storage Cabinets market are adopting innovation and development to gain a foothold in the industry. These newcomers often focus on integrating smart technology, enhancing energy efficiency, and offering cost-effective solutions to meet growing demand. They strive to differentiate themselves with novel designs and features.

Key players dominating the market, like Esco Scientific, Erlab, and TopAir Systems, have achieved this through years of expertise, a broad product portfolio, and a strong reputation for safety and compliance. They maintain market leadership by continuously innovating their product lines, expanding globally, and building strong partnerships with established institutions and businesses. Their extensive resources and commitment to research and development enable them to set industry standards and maintain a significant market share.

The Filtered Storage Cabinets Market is segmented as follows:

By Product Type

  • Ductless filtered storage cabinets
  • Ducted filtered storage cabinets

By Industry

  • Healthcare
  • Pharmaceutical
  • Chemical
  • Food and beverage
  • Electronics
  • Others

By Application

  • Medical
  • Laboratory
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Filtered Storage Cabinets Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Filtered Storage Cabinets Market: snapshot
  • Chapter 3. Global Filtered Storage Cabinets Market – Industry Analysis
    • 3.1 Filtered Storage Cabinets Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Stringent Regulatory Compliance
      • 3.2.2 Rising Concerns for Lab Safety
      • 3.2.3 Sustainability Focus
      • 3.2.4 Technological Integration
      • 3.2.5 Healthcare Sector Growth
      • 3.2.6 Pandemic Preparedness.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Product Type
      • 3.7.2 Market Attractiveness Analysis By Industry
      • 3.7.3 Market Attractiveness Analysis By Application
  • Chapter 4. Global Filtered Storage Cabinets Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Filtered Storage Cabinets Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Filtered Storage Cabinets Market – Product Type Analysis
    • 5.1 Global Filtered Storage Cabinets Market Overview: By Product Type
      • 5.1.1 Global Filtered Storage Cabinets Market Share, By Product Type, 2022 and 2032
    • 5.2 Ductless filtered storage cabinets
      • 5.2.1 Global Filtered Storage Cabinets Market by Ductless Filtered Storage Cabinets, 2023 – 2032 (USD Billion)
    • 5.3 Ducted filtered storage cabinets
      • 5.3.1 Global Filtered Storage Cabinets Market by Ducted Filtered Storage Cabinets, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Filtered Storage Cabinets Market – Industry Analysis
    • 6.1 Global Filtered Storage Cabinets Market Overview: By Industry
      • 6.1.1 Global Filtered Storage Cabinets Market Share, By Industry, 2022 and 2032
    • 6.2 Healthcare
      • 6.2.1 Global Filtered Storage Cabinets Market by Healthcare, 2023 – 2032 (USD Billion)
    • 6.3 Pharmaceutical
      • 6.3.1 Global Filtered Storage Cabinets Market by Pharmaceutical, 2023 – 2032 (USD Billion)
    • 6.4 Chemical
      • 6.4.1 Global Filtered Storage Cabinets Market by Chemical, 2023 – 2032 (USD Billion)
    • 6.5 Food and beverage
      • 6.5.1 Global Filtered Storage Cabinets Market by Food and Beverage, 2023 – 2032 (USD Billion)
    • 6.6 Electronics
      • 6.6.1 Global Filtered Storage Cabinets Market by Electronics, 2023 – 2032 (USD Billion)
    • 6.7 Others
      • 6.7.1 Global Filtered Storage Cabinets Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Filtered Storage Cabinets Market – Application Analysis
    • 7.1 Global Filtered Storage Cabinets Market Overview: By Application
      • 7.1.1 Global Filtered Storage Cabinets Market Share, By Application, 2022 and 2032
    • 7.2 Medical
      • 7.2.1 Global Filtered Storage Cabinets Market by Medical, 2023 – 2032 (USD Billion)
    • 7.3 Laboratory
      • 7.3.1 Global Filtered Storage Cabinets Market by Laboratory, 2023 – 2032 (USD Billion)
    • 7.4 Others
      • 7.4.1 Global Filtered Storage Cabinets Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 8. Filtered Storage Cabinets Market – Regional Analysis
    • 8.1 Global Filtered Storage Cabinets Market Regional Overview
    • 8.2 Global Filtered Storage Cabinets Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Filtered Storage Cabinets Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America Filtered Storage Cabinets Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America Filtered Storage Cabinets Market, by Product Type, 2023 – 2032
      • 8.4.1 North America Filtered Storage Cabinets Market, by Product Type, 2023 – 2032 (USD Billion)
    • 8.5 North America Filtered Storage Cabinets Market, by Industry, 2023 – 2032
      • 8.5.1 North America Filtered Storage Cabinets Market, by Industry, 2023 – 2032 (USD Billion)
    • 8.6 North America Filtered Storage Cabinets Market, by Application, 2023 – 2032
      • 8.6.1 North America Filtered Storage Cabinets Market, by Application, 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Filtered Storage Cabinets Market, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe Filtered Storage Cabinets Market, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe Filtered Storage Cabinets Market, by Product Type, 2023 – 2032
      • 8.8.1 Europe Filtered Storage Cabinets Market, by Product Type, 2023 – 2032 (USD Billion)
    • 8.9 Europe Filtered Storage Cabinets Market, by Industry, 2023 – 2032
      • 8.9.1 Europe Filtered Storage Cabinets Market, by Industry, 2023 – 2032 (USD Billion)
    • 8.10 Europe Filtered Storage Cabinets Market, by Application, 2023 – 2032
      • 8.10.1 Europe Filtered Storage Cabinets Market, by Application, 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Filtered Storage Cabinets Market, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific Filtered Storage Cabinets Market, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific Filtered Storage Cabinets Market, by Product Type, 2023 – 2032
      • 8.12.1 Asia Pacific Filtered Storage Cabinets Market, by Product Type, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific Filtered Storage Cabinets Market, by Industry, 2023 – 2032
      • 8.13.1 Asia Pacific Filtered Storage Cabinets Market, by Industry, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific Filtered Storage Cabinets Market, by Application, 2023 – 2032
      • 8.14.1 Asia Pacific Filtered Storage Cabinets Market, by Application, 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Filtered Storage Cabinets Market, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America Filtered Storage Cabinets Market, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America Filtered Storage Cabinets Market, by Product Type, 2023 – 2032
      • 8.16.1 Latin America Filtered Storage Cabinets Market, by Product Type, 2023 – 2032 (USD Billion)
    • 8.17 Latin America Filtered Storage Cabinets Market, by Industry, 2023 – 2032
      • 8.17.1 Latin America Filtered Storage Cabinets Market, by Industry, 2023 – 2032 (USD Billion)
    • 8.18 Latin America Filtered Storage Cabinets Market, by Application, 2023 – 2032
      • 8.18.1 Latin America Filtered Storage Cabinets Market, by Application, 2023 – 2032 (USD Billion)
    • 8.19. The Middle East and Africa
      • 8.19.1 The Middle-East and Africa Filtered Storage Cabinets Market, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Filtered Storage Cabinets Market, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa Filtered Storage Cabinets Market, by Product Type, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Filtered Storage Cabinets Market, by Product Type, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa Filtered Storage Cabinets Market, by Industry, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Filtered Storage Cabinets Market, by Industry, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa Filtered Storage Cabinets Market, by Application, 2023 – 2032
      • 8.22.1 The Middle-East and Africa Filtered Storage Cabinets Market, by Application, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Esco Micro Pte. Ltd. (Esco Scientific)
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Air Science LLC (Air Science)
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Erlab Inc. (Erlab)
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Clean Air Products (Clean Air Products)
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 TopAir Systems Ltd. (TopAir Systems)
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Terra Universal Inc. (Terra Universal)
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Stericox (Stericox)
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 ESBE Scientific (ESBE Scientific)
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Wincom Company Ltd. (Wincom Company)
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Asecos GmbH (Asecos)
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 SAFOO (SAFOO)
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Sateri (Sateri)
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Others.
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
List Of Figures

Figures No 1 to 27

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Esco Micro Pte. Ltd. (Esco Scientific)
  • Air Science LLC (Air Science)
  • Erlab Inc. (Erlab)
  • Clean Air Products (Clean Air Products)
  • TopAir Systems Ltd. (TopAir Systems)
  • Terra Universal Inc. (Terra Universal)
  • Stericox (Stericox)
  • ESBE Scientific (ESBE Scientific)
  • Wincom Company Ltd. (Wincom Company)
  • Asecos GmbH (Asecos)
  • SAFOO (SAFOO)
  • Sateri (Sateri)
  • Others

FAQs

The key factors driving the Market are Stringent Regulatory Compliance, Rising Concerns for Lab Safety, Sustainability Focus, Technological Integration, Healthcare Sector Growth And Pandemic Preparedness.

The “Ductless filtered storage cabinets” category dominated the market in 2022.

The key players in the market are Esco Micro Pte. Ltd. (Esco Scientific), Air Science LLC (Air Science), Erlab Inc. (Erlab), Clean Air Products (Clean Air Products), TopAir Systems Ltd. (TopAir Systems), Terra Universal Inc. (Terra Universal), Stericox (Stericox), ESBE Scientific (ESBE Scientific), Wincom Company Ltd. (Wincom Company), Asecos GmbH (Asecos), SAFOO (SAFOO), Sateri (Sateri), Others.

“North America” had the largest share in the Filtered Storage Cabinets Market.

The global market is projected to grow at a CAGR of 6.2% during the forecast period, 2023-2032.

The Filtered Storage Cabinets Market size was valued at USD 1.2 Billion in 2023.

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