Global Freeze Drying Equipment Market To Be Worth $35.81 Billion By 2020: Grand View Research, Inc.
The global market for freeze drying equipment is expected to reach USD 35.81 billion by 2020, according to a new study by Grand View Research, Inc. Rapid developments in food processing and pharmaceutical industries are expected to drive the demand of freeze drying equipment over the next six years. However, cost intensive set up of freeze drying equipment is likely to restrain the market. High initial cost prohibits such equipment from reaching its full potential by their substitution with traditional methods in small scale industries.
Full report with TOC available at http://www.grandviewresearch.com/industry-analysis/freeze-drying-equipment-market
Industrial freeze dryer emerged as the leading product segment and accounted for 44.7% of total market revenue in 2013. However, mobile freeze dryer is expected to be the fastest growing product segment, at an estimated CAGR of 12.1% from 2014 to 2020. Increasing adoption of mobile freeze dryers across various end use industries is expected to fuel its demand over the forecast period.
Free sample of this report available at http://www.grandviewresearch.com/industry-analysis/freeze-drying-equipment-market/request
For the purpose of this study, Grand View Research has segmented the freeze drying equipment market on the basis of product, application and region:
• Global Freeze Drying Equipment Product Outlook (Revenue, USD Million, 2012 - 2020)
• Laboratory Freeze Dryers
• Bench Top Freeze Dryers
• Mobile Freeze Dryers
• Industrial Freeze Dryers
• General Purpose Freeze Dryers
• Global Freeze Drying Equipment Application Outlook (USD Million, 2012 - 2020)
• Food Processing
• Surgical Procedures
• Freeze Drying Equipment Regional Outlook (USD Million, 2012 - 2020)
• North America
• Asia Pacific
More reports from this category available at http://www.grandviewresearch.com/industry/hvac-and-construction-technologies
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. For more information, visit http://www.grandviewresearch.com/
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