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Ultra-Low Temperature Freezer Market to reach USD 897.28 million by 2024, to Incur Value Growth at 3.20% CAGR, Says MRFR

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rahul kumar

Pune, India, June 06, 2019 (GLOBE NEWSWIRE) -- As per the latest report published by Market Research Future (MRFR), the global ultra-low temperature freezer market will post 3.20% CAGR from 2019 to 2024 and reach a valuation of USD 897.28 Mn.

Moreover, their demand from pharmaceutical companies has also increased significantly.

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Over the years, low temperature freezing technologies have evolved dramatically.

This, in turn, is expected to create greater ultra-low temperature freezer market opportunities in the forthcoming years.

Other factors that are supporting the market growth include growing need for ULT freezers, focus of developing eco-friendly refrigerator systems, continuous technological advancements, and rising biomedical R investment.

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