Dublin, June 10, 2024 (GLOBE NEWSWIRE) -- The "Cryogenic Equipment - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Cryogenic Equipment is estimated at US$13.9 Billion in 2023 and is projected to reach US$22.1 Billion by 2030, growing at a CAGR of 6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Nitrogen-based Cryogenic Equipment segment, which is expected to reach US$7.2 Billion by 2030 with a CAGR of 6.7%. The Oxygen-based Cryogenic Equipment segment is also set to grow at 5.2% CAGR over the next 8 years.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.8 Billion in 2023, and China, forecasted to grow at an impressive 7.5% CAGR to reach $3.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Market Trends & Drivers:
- Myriad Applications of Cryogenics Presents Growth Opportunity for Cryogenic Equipment Market
- Growing Role of Cryogenics in Industrial Manufacturing Fosters Growth in Cryogenic Equipment Market
- Metal Processing Industry Emerges as a Major End-Use Market for Cryogenic Equipment
- Widespread Use of Cryogenic Technology for Food Processing and Preservation to Boost Market Prospects
- Cryogrinding
- Preserving Fresh Produce
- Freezing Food
- Rising Importance of Cryogenic Gases for Improving Quality of Foods
- Liquid Nitrogen Takes the Icing on Cakes and Bakes
- Enhancing Shelf Life of Products: A Key Advantage
- Cryogenic Food Freezing Taps Benefits of Liquid Nitrogen Vis-a-vis other Gases
- Helium based Cryogenic Auto-fill Equipment - A Growing Market Segment
- Cryogenic Tanks for Regulating Temperature in Cold Storage Chains
- Rising Demand for LNG Drives Demand for Cryogenic Tanks
- Shift Towards Renewable Energy Enhances Importance of Cryogenic Energy Storage System, Driving Market Growth
- Cryogenics and Superconductivity for Affordable Energy Storage and Generation
- Worldwide Steel Production Trends Impact Cryogenic Tanks Market
- With Cryogenics Finding Increased Adoption in Medical Applications, Cryogenic Tanks Market Poised for Growth
- Rising Importance of Cryogenic Tanks for Fast Biological Sample Preservation and Rapid Vaccine Freezing
- Increasing Role of Cryogenic Equipment in Electronics Industry to Spur Growth
- Growing Demand for Liquid Oxygen to Fuel Growth in Cryogenic Tanks Market
- Surge in Demand for Medical Oxygen Amidst the COVID-19 Pandemic Fuels Market Prospects
- Market to Benefit from Rising Use of Liquid Oxygen in Water Treatment
- Growing Use of Cryogenic Tanks in Space Technology
- Cryogenic Applications for Mars Missions
- Introduction of Newer Technologies in Space Systems Bodes Well for Cryogenic Tanks Market
- Robotic Refueling Mission 3 (RRM3)
- Growing Need for Transportation Tanks for Cryogenic Liquids: A Major Growth Opportunity
- Technological Innovations and Advancements
- CryoHub Innovation Project
- Air Products Showcases Sophisticated Solutions for Cryogenic Food Processing
- HAL Delivers Large-sized Cryogenic Propellant Tank to ISRO
- Using Optimal Control to Cut Energy Consumption & Carbon Emission of Cryogenic Refrigerators
- Hermetic Shield Addresses Parasitic Heating Issues in Cryogen-free Dilution Refrigerators
- Researchers Eye on Cryogenic Energy Storage to Push Renewable Energy Generation and Balance Power Grid
- Cryogenics to Preserve Human Corpse for Probable Revival in Near Future
- Space Odyssey Dream with Exciting Developments in Cryogenic Fluid Management
Key Questions Answered:
- How is the Global Cryogenic Equipment Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Air Liquide SA, Ebara Corporation, Chart Industries, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitor Profiles:
- Air Liquide SA
- Ebara Corporation
- Chart Industries, Inc.
- Barber-Nichols, Inc.
- Custom BioGenic Systems
- Advanced Research Systems, Inc.
- Cryomech, Inc.
- Cryostar SAS
- Beijing Tianhai Industry Co., Ltd.
- Cryofab Inc.
- Brymill Cryogenic Systems
- Cosmodyne, LLC
- CeramTec North America Corp.
- Cryolor SA
- Air Products Inc.
MarketGlass Platform
The report is enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 441 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $13.9 Billion |
| Forecasted Market Value (USD) by 2030 | $22.1 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
Key Topics Covered:
1. MARKET OVERVIEW
- Influencer Market Insights
- Cryogenic Equipment - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- A Prelude to Cryogenic Equipment
- Global Market Prospects and Outlook
- Steadfast Demand for Liquid & Medical Gases to Drive the Cryogenic Equipment Market Post COVID-19 Pandemic
- Global Cryogenic Equipment Market: Prominent Drivers & Restraints
- Cryogenic Tanks Reign Supreme in Cryogenic Equipment Market
- Liquid Nitrogen Emerges as the Leading Segment
- LNG Segment to Witness the Fastest Growth
- Asia-Pacific Dominates the Cryogenic Equipment Market
- Energy and Power Sector to Dominate the Cryogenic Equipment Market
- An Insight into the Use of Cryogenic Equipment in Other Industries
- Metallurgy Industries
- Chemicals
- Automotive and Mechanical Engineering
- Food Industry
- Construction Industry
- Medicine and Pharmaceutics
- Defense Industries and Space Advancements
- Oil and Gas Industry
- Other Industries
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
- World Recent Past, Current & Future Analysis for Nitrogen by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- World Historic Review for Nitrogen by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Nitrogen by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for Oxygen by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- World Historic Review for Oxygen by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Oxygen by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for Argon by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- Table 8: World Historic Review for Argon by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Argon by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for LNG by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- World Historic Review for LNG by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for LNG by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for Other Cryogens by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- World Historic Review for Other Cryogens by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Other Cryogens by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for Energy & Power by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- World Historic Review for Energy & Power by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Energy & Power by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for Chemicals by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- World Historic Review for Chemicals by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Chemicals by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for Metallurgy by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- World Historic Review for Metallurgy by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Metallurgy by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for Electronics by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- World Historic Review for Electronics by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Electronics by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for Shipping by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- World Historic Review for Shipping by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Shipping by Geographic Region - Percentage Breakdown of Value Sales for 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- World Historic Review for Other End-Uses by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
- World Cryogenic Equipment Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
- World Recent Past, Current & Future Analysis for Cryogenic Equipment by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- World Historic Review for Cryogenic Equipment by Geographic Region - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Cryogenic Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
For more information about this report visit https://www.researchandmarkets.com/r/sgt6ei
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