Connect with us

Research Reports

Cryogenic Equipment Market Report 2021-26: Industry Trends, Market Share, Size, Growth

gbaf1news

According to the latest report by IMARC Group, The global cryogenic equipment market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 5% during the forecast period (2021-2026).

Cryogenic equipment refers to devices that are used to generate, sustain and operate at extremely low temperatures.It comprises cryogenic storage racks, refrigerators, boxes, cold traps, pressure vessels, piping, purifiers, temperature controllers, tanks and accessories. It is used for freezing, cooling, and metal processing and biomedical purposes. Along with this, it also assists in protecting the users from accidental contact with hazardous materials.

Cryogenic Equipment Market

Request for a free sample copy of this report:https://www.imarcgroup.com/cryogenic-equipment-market/requestsample

Market Trends:

The burgeoning aerospace and aviation industries represent one of the primary factors propelling the global cryogenic equipment market growth. Cryogenic fluids are widely used for cooling jet engines and in-flight components. Apart from this, the increasing utilization of cryogenic equipment in refrigerators, pumps, oil tankers, vaporizers and valves in the oil and gas sector is driving their sales further. Cryogenic equipment is designed for gases, such as oxygen, liquid helium, nitrogen, argon and carbon dioxide, widely used in Liquified Natural Gas (LNG)- based power plants. The equipment also finds extensive applications across various industries, including energy and power, marine and aerospace, food and beverage (F&B), healthcare and chemical, which is boosting the overall market growth.

Breakup by Equipment:

  • Tanks

  • Pumps

  • Heat Exchanger

  • Valves

  • Others

Breakup by Cryogen:

  • Nitrogen

  • Liquified Natural Gas

  • Helium

  • Others

Breakup by Application:

  • Storage

  • Transportation

  • Processing

  • Others

Breakup by End Use Industry:

  • Oil and Gas

  • Energy and Power

  • Food and Beverages

  • Healthcare

  • Marine and Aerospace

  • Chemicals

  • Others

Breakup by Region:

  • North America (United States, Canada)

  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

  • Latin America (Brazil, Mexico, Others)

  • Middle East and Africa

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/cryogenic-equipment-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Related Reports

acidity regulators market: https://www.imarcgroup.com/acidity-regulators-market

bioethanol market: https://www.imarcgroup.com/bioethanol-market

silicone elastomers market: https://www.imarcgroup.com/silicone-elastomers-market

telecom analytics market: https://www.imarcgroup.com/telecom-analytics-market

thermal spray coating market: https://www.imarcgroup.com/thermal-spray-coating-market

probiotic dietary supplement market: https://www.imarcgroup.com/probiotic-dietary-supplement-market

sports medicine market: https://www.imarcgroup.com/united-states-sports-medicine-market

hybrid electric vehicle market: https://www.imarcgroup.com/hybrid-electric-vehicle-market

propylene oxide market: https://www.imarcgroup.com/propylene-oxide-market

autonomous vehicle market: https://www.imarcgroup.com/autonomous-vehicle-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No (D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Recommended

Newsletters with Secrets & Analysis. Subscribe Now