Market Overview:
The global cryogenics equipment market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cryogenic tanks, valves, vaporizers, pumps and other equipment from various end-use industries such as energy & power, chemicals, metallurgy, electronics and shipping. In addition, the growing demand for liquefied natural gas (LNG) is also expected to drive the growth of the global cryogenics equipment market during the forecast period. On basis of type, Cryogenic Tanks held a dominant share in 2017 and is projected to maintain its dominance throughout 2030 owing to its wide range of applications across various end-use industries. On basis of application; Energy & Power sector dominated in terms revenue contribution in 2017 and is projected witness highest CAGR over next 10 years owing rising demand for LNG across globe coupled with stringent emission norms by governments globally .
Product Definition:
Cryogenics equipment is used to produce and maintain very low temperatures, typically below -150°C. These low temperatures can be used for a variety of purposes, such as preserving food or medical supplies, manufacturing materials with unique properties, or conducting research on the effects of extreme cold on living organisms.
Cryogenic Tanks:
Cryogenic tanks are used to store gases at extremely low temperatures. They are most commonly used for the storage of liquid nitrogen and liquid hydrogen, but can also be used for storing other gasses such as argon, krypton, xenon and even some rare gases such as helium III and neon.
Cryogenic Valve:
Cryogenic valve is a kind of temperature regulator which is used to control flow and pressure in cryogenics equipment. It’s basically an insulated valve that opens to let gas or liquid pass through, but prevents it from coming back into the system.
Application Insights:
The energy and power application segment accounted for the largest revenue share in 2017. Cryogenics are widely used to cool down steam generators in nuclear reactors, turbines, combustion engines and other industrial equipment. The use of cryogens as a medium for heat transfer reduces the thermal resistance of these devices thereby increasing their efficiency. These factors are anticipated to drive demand over the forecast period.
Chemicals were estimated as one of the major application segments owing to wide usage of liquid nitrogen throughout various chemical processes such as nitric acid production, organic synthesis and others which require low temperatures below -196°C (-321°F).
Regional Analysis:
North America dominated the global market in 2017. The U.S., being a developed economy, has higher penetration of cryogenic equipment as compared to other regions. However, Asia Pacific is expected to witness the fastest growth over the forecast period owing to increasing demand for industrial machinery and rising investments in R&D activities by various companies operating in this region.
Europe accounted for a significant share of revenue generation owing to high adoption of advanced technologies across various industries including chemicals & petrochemicals, metallurgy & mining, shipping.
Growth Factors:
- Increasing demand for cryogenic equipment in the medical sector for storage and preservation of organs and tissues
- Growing application of cryogenic equipment in the food and beverage industry for freezing food items
- Rising demand from the research and development sector for use in laboratories
- Increasing adoption of cryogenic equipment by small-scale businesses to improve their productivity
- Technological advancements that are making cryogenic equipment more efficient, compact, and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryogenics Equipment Market Research Report
By Type
Cryogenic Tanks, Cryogenic Valve, Cryogenic Vaporizer, Cryogenic Pump, Other
By Application
Energy & Power, Chemicals, Metallurgy, Electronics, Shipping, Other
By Companies
Cryofab, Beijing Tianhai, Cryoquip, Eleet cryogenics, JSC Cryogenmash
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Cryogenics Equipment Market Report Segments:
The global Cryogenics Equipment market is segmented on the basis of:
Types
Cryogenic Tanks, Cryogenic Valve, Cryogenic Vaporizer, Cryogenic Pump, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Energy & Power, Chemicals, Metallurgy, Electronics, Shipping, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cryofab
- Beijing Tianhai
- Cryoquip
- Eleet cryogenics
- JSC Cryogenmash
Highlights of The Cryogenics Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cryogenic Tanks
- Cryogenic Valve
- Cryogenic Vaporizer
- Cryogenic Pump
- Other
- By Application:
- Energy & Power
- Chemicals
- Metallurgy
- Electronics
- Shipping
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cryogenics Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cryogenics equipment is used to freeze or cool objects down to very low temperatures. This can be done in order to preserve the object, or for medical purposes.
Some of the major players in the cryogenics equipment market are Cryofab, Beijing Tianhai, Cryoquip, Eleet cryogenics, JSC Cryogenmash.
The cryogenics equipment market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cryogenics Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cryogenics Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cryogenics Equipment Market - Supply Chain
4.5. Global Cryogenics Equipment Market Forecast
4.5.1. Cryogenics Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cryogenics Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Cryogenics Equipment Market Absolute $ Opportunity
5. Global Cryogenics Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Cryogenics Equipment Market Size and Volume Forecast by Type
5.3.1. Cryogenic Tanks
5.3.2. Cryogenic Valve
5.3.3. Cryogenic Vaporizer
5.3.4. Cryogenic Pump
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Cryogenics Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Cryogenics Equipment Market Size and Volume Forecast by Application
6.3.1. Energy & Power
6.3.2. Chemicals
6.3.3. Metallurgy
6.3.4. Electronics
6.3.5. Shipping
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Cryogenics Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Cryogenics Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Cryogenics Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Cryogenics Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Cryogenics Equipment Demand Share Forecast, 2019-2026
9. North America Cryogenics Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Cryogenics Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Cryogenics Equipment Market Size and Volume Forecast by Application
9.4.1. Energy & Power
9.4.2. Chemicals
9.4.3. Metallurgy
9.4.4. Electronics
9.4.5. Shipping
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Cryogenics Equipment Market Size and Volume Forecast by Type
9.7.1. Cryogenic Tanks
9.7.2. Cryogenic Valve
9.7.3. Cryogenic Vaporizer
9.7.4. Cryogenic Pump
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Cryogenics Equipment Demand Share Forecast, 2019-2026
10. Latin America Cryogenics Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Cryogenics Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Cryogenics Equipment Market Size and Volume Forecast by Application
10.4.1. Energy & Power
10.4.2. Chemicals
10.4.3. Metallurgy
10.4.4. Electronics
10.4.5. Shipping
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Cryogenics Equipment Market Size and Volume Forecast by Type
10.7.1. Cryogenic Tanks
10.7.2. Cryogenic Valve
10.7.3. Cryogenic Vaporizer
10.7.4. Cryogenic Pump
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Cryogenics Equipment Demand Share Forecast, 2019-2026
11. Europe Cryogenics Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Cryogenics Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Cryogenics Equipment Market Size and Volume Forecast by Application
11.4.1. Energy & Power
11.4.2. Chemicals
11.4.3. Metallurgy
11.4.4. Electronics
11.4.5. Shipping
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Cryogenics Equipment Market Size and Volume Forecast by Type
11.7.1. Cryogenic Tanks
11.7.2. Cryogenic Valve
11.7.3. Cryogenic Vaporizr
11.7.4. Cryogenic Pump
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Cryogenics Equipment Demand Share, 2019-2026
12. Asia Pacific Cryogenics Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Cryogenics Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Cryogenics Equipment Market Size and Volume Forecast by Application
12.4.1. Energy & Power
12.4.2. Chemicals
12.4.3. Metallurgy
12.4.4. Electronics
12.4.5. Shipping
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Cryogenics Equipment Market Size and Volume Forecast by Type
12.7.1. Cryogenic Tanks
12.7.2. Cryogenic Valve
12.7.3. Cryogenic Vaporizer
12.7.4. Cryogenic Pump
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Cryogenics Equipment Demand Share, 2019-2026
13. Middle East & Africa Cryogenics Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Cryogenics Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Cryogenics Equipment Market Size and Volume Forecast by Application
13.4.1. Energy & Power
13.4.2. Chemicals
13.4.3. Metallurgy
13.4.4. Electronics
13.4.5. Shipping
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Cryogenics Equipment Market Size and Volume Forecast by Type
13.7.1. Cryogenic Tanks
13.7.2. Cryogenic Valve
13.7.3. Cryogenic Vaporizer
13.7.4. Cryogenic Pump
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Cryogenics Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Cryogenics Equipment Market: Market Share Analysis
14.2. Cryogenics Equipment Distributors and Customers
14.3. Cryogenics Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cryofab
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Beijing Tianhai
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cryoquip
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eleet cryogenics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. JSC Cryogenmash
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
